Business : MAG Sees Significant Pressure For FY2026 Amid Higher Fuel Costs
KUALA LUMPUR, Sept 4 (Bernama) -- Malaysia Aviation Group (MAG) sees significant pressure for its financial year 2026 (FY2026) amid sustained increases in fuel prices.
Malaysia Aviation Group (MAG) is facing significant financial pressures for its fiscal year 2026 (FY26) due to soaring fuel costs, according to a recent press conference by the company's president and CEO, Captain Nasaruddin A. Bakar. The rise in jet fuel prices, which surged to a record high of US$160 per barrel following the ongoing conflict in West Asia, has placed added strain on MAG's financial stability.
Despite performing well operationally in the first two months of the year and generating profits during that period, the company is closely monitoring market conditions and taking targeted actions to mitigate costs and maintain its financial health.
Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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