Malaysian Airlines Group has signed on to become English Premier League legendary football club Manchester United’s official commercial airline partner.
MAG Chief Executive Officer announced this today and was shared on their official X page.
This comes a day after parent Malaysia Aviation Group announced a net profit of RM766 million — a first in close to a decade since its establishment in 2015.
MAG’s first full-year profit performance for 2023 results, saw a marked increase in profitability rising from a net loss of RM344 million in 2022.
This marked a 22 per cent improvement on its Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) at RM1.97 billion compared to RM1.6 billion a year ago.
Revenue last year recorded a total of RM13.85 billion, compared with RM10.61 billion for the previous year, an increase of nearly 31% year-on-year
