MAS lost RM2.5 billion. Sell it off and privatize it!
Malaysia Airlines (MAS) recorded a stunning net loss of RM2.52 billion for 2011 and the company is now in "crisis", the national flag carrier said today. The carrier also confirmed that the losses for the 2011 financial year were the largest in its history. The airline reported a massive net loss of RM1.28 billion in the fourth quarter, which was about as much as the first three quarters combined. "The company is in crisis," CEO Ahmad Jauhari Yahya openly admitted in his statement today. For so many years, MAS has indeed suffered losses continuously and last year, its performance was the worst in history. It clearly shows that the nation's carrier has been badly managed, overstaffed and its management as well as workforce has no productivity at all. Why? It is because the entire organization itself is full of politics, cronyism and opportunists. In fact the entire board of directors of MAS should resigned en bloc to pave way for an extraordinary genera...