News

Malaysia Airlines is Currently Losing $1.6 Million a Day Because Flights Are Near Empty [PHOTOS]

Malaysia.airlines.b747-400.9m-mph.arp
In March, Malaysia Airline Flight 370, disappeared suddenly while traveling from Kuala Lumpur to Beijing. Last month, Flight 17 was shot down while flying over Ukraine. With the two tragedies tied to them, Malaysian Airlines has not been the most popular kid in the block.

Even with the heavy damage to its reputation, the carrier is still operational, but according to Howard University professor Oliver McGee, they are burning money.

“The southeast Asia air carrier burns its cash reserves at nearly $2.16 million each day,” McGee wrote in a Linkedin Post. “Operations are losing about $1.6 million a day.”

Check out some of the tweets below by passengers, as you can see, some of the flights are near empty.

H/T: Mashable

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *


Most Popular


NextShark is an online magazine focused on covering business, tech, culture with a focus on the Asian youth market.

Subscribe to our mailing list

* indicates required

Copyright © 2016 Nextshark

To Top