The government has agreed to give us a free hand in managing the network, and this will mean that we will have full control on determining capacity, frequency and pricing. Managing yields will be a key factor to ensure profitability and it's important for us to be able to manage this.
"Idris Jala", who is from the Kelabit people/Kelabit ancestry, is the current Minister without Portfolio in the Prime Minister's Department and chief executive officer of the Performance Management and Delivery Unit (Pemandu). He is a Senator in the Dewan Negara, upper house of parliament.
Before that, Idris used to work for Royal Dutch Shell/Shell. In 2005, the Malaysian government elected him as CEO of Malaysia Airlines due to massive losses of the company. In February 2006, he announced the airline's business turnaround plan from a 9-month loss of USD400 million in 2005 to achieving a record profit of USD260 million in 2007 until September 2009.
In May 2008, Idris appeared on national television announcing the airline's first ever 'zero fare' for domestic and a selection of international flights, a move that raised his spat between him and AirAsia's boss, Tony Fernandes/Datuk Seri Tony Fernandes to a new level.
Idris Jala is a Kelabit from Sarawak and is a Christian. He is one of non-Malay (ethnic group)/Malay non-Muslims to have been appointed to head a GLC.
More Idris Jala on Wikipedia.On current business assumptions, course and speed, we will surely fail unless we radically change the way we run our business.
Our poor pricing, rising cost structure, mismatched fleet, weak operational performance, low-intensity performance culture, and social obligations all contributed to our dismal financial performance across most routes we fly.
Yield is a big problem for us.
In 2007, our plan will focus on improving efficiency and capabilities. In 2008, we will focus on new growth opportunities.
It allows you to raise matters in an independent and unbiased manner.
We are facing a crisis in Malaysia Airlines.
Should these losses and cash drain continue, MAS would enter a downward spiral from which it would not likely recover.
We recorded a slight reduction in load factor for the quarter but posted an overall increase for the whole financial year.
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