KUALA LUMPUR Aug 19 Malaysia Airlines (MAS)
, the loss-making carrier reeling from two separate
aircraft disasters this year, has postponed publication of
second-quarter earnings from Wednesday until Aug. 28, a company
official told Reuters on Tuesday.
The official didn't disclose a reason for the delay. MAS
will confirm the new date for disclosure of what investors
expect to be a large loss with a notice on its website by
Wednesday, the official from the corporate communications team
MAS is set to be taken private by its majority shareholder,
state investment fund Khazanah Nasional, as it
readies a restructuring package, expected to be announced by the
end of August. Khazanah owns over 69 percent of MAS.
The second-quarter earnings will likely be the carrier's
last set of results as a listed company. The results will
reflect the lingering impact of the unexplained March 8
disappearance of Flight MH370, which weighed heavily when the
carrier reported a hefty first-quarter loss.
The airline suffered a second disaster with the loss of
Flight MH17, shot down over Ukraine on July 17.
Sales slumped following each incident, scuppering earlier
plans to return to profitability in 2014. The airline is instead
expected to register its fourth consecutive year of annual
losses this year.
Khazanah announced its plan to buy out the shares it does
not already own in Malaysia's flag carrier and de-list the firm
earlier in August. The fund plans to overhaul the airline by
cutting back on less profitable routes, trimming a bloated
payroll and installing new management.
(Reporting by Al-Zaquan Amer Hamzah; Editing by Kenneth