Malaysia Airlines staff layoffs to cost up to 234 million ringgit

Discussion in 'Open Discussion' started by JohnK, May 23, 2006.

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  1. JohnK

    JohnK Veteran Member

    Mar 22, 2005
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    Another airline affected by ever increasing fuel prices...
     

  2. Kiwi Flyer

    Kiwi Flyer Senior Member

    Sep 24, 2004
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    I'd say MH has much bigger issues than fuel prices to worry about.
     
  3. JohnK

    JohnK Veteran Member

    Mar 22, 2005
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    #3 JohnK, May 24, 2006
    Last edited: May 24, 2006
    OK, you could say that MH has a few minor issues to sort out on top of the increasing fuel prices crisis!
     
  4. Kiwi Flyer

    Kiwi Flyer Senior Member

    Sep 24, 2004
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    The surcharges aren't a crisis (from airlines perspective they're a solution).

    By all accounts they would be in difficulty regardless of the fuel prices.
     
  5. NM

    NM
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    High fuel prices are a consistent problem for all airlines, so the only way this affects competition is that those airlines with better management practices (intelligent hedging) and lower operational costs can continue to compete on price.
     
  6. JohnK

    JohnK Veteran Member

    Mar 22, 2005
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    I am sorry I used the wrong phrase there. I have changed my previous post to read "OK, you could say that MH has a few minor issues to sort out on top of the increasing fuel prices crisis!".

    And yes I agree that MH would be in trouble regardless but certainly the increasing fuel prices has not helped them to manage existing problems.
     
  7. NM

    NM
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    Perhaps their fuel costs are being "managed". The Malaysian Ringgit used to be fixed at MYR3.80 to the US$. However, I see from xe.com that the rate today is 3.63, so their fuel cost in US$ had dropped almost 5% since the fixed 3.8 days (anyone know when this changed?).
     
  8. Yada Yada

    Yada Yada Established Member

    Dec 6, 2004
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    It was last year. It doesn't look like a clean float though. I found the following:

     
  9. NM

    NM
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    Ahh, thanks for that. I would have been blindly doing my ad-hoc conversions based on the old 3.8 while wheeling and dealing at Bukit Bintang.
     
  10. Yada Yada

    Yada Yada Established Member

    Dec 6, 2004
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    Sungei wang?

    Or Parkhill Gallery? :shock:
     
  11. NM

    NM
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    Sungei Wang actually. I just hope my favourite source of non-blank DVD media is still there ;). Otherwise its off to China Town to get a few "genuine" :rolleyes: world cup strips.
     
  12. Yada Yada

    Yada Yada Established Member

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    I didn't check Sungei Wang for non-blank DVD media (nice term) a few weeks back when I was there but there were heaps of sellers down at Petaling Street (China Town) markets.
     
  13. NM

    NM
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    I have learned the hard way that the product acquired in China Town is often of dubious quality.
     
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