<ul><li>Malaysia Aviation Group (MAG) delivers performance-based bonuses of up to 2.5 months’ salary to its 13,000 employees, down from last year's six-month bonus.</li><li>The Group faced a financial downturn with an 18% drop in flight capacity in the final quarter, resulting in 6,388 cancelled flights affecting around one million passengers.</li><li>Despite expecting a loss, the Group stayed profitable due to a RM426 million reversal of asset impairments from the COVID-19 period, with revenue slipping one percent to RM13.68 billion.</li><li>Cash reserves fell to RM3 billion from RM4.3 billion, but MAG did not require additional funds from its main shareholder, having utilized RM1.3 billion of a RM3.6 billion support package.</li></ul>

Malaysia Aviation Group delivers bonuses despite sharp profit drop

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