Malaysia airlines post $97M loss - KPTV - FOX 12

Malaysia airlines post $97M loss

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A major restructuring is expected to be announced for Malaysia Airlines after posting a $97 million loss. (Source: CNN) A major restructuring is expected to be announced for Malaysia Airlines after posting a $97 million loss. (Source: CNN)
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(CNN) -Battered by two deadly disasters this year alone, Malaysia Airlines now knows more about its financial loss.

The carrier lost $97.4 million in the three months ended in June.

The report is likely to be the airline's last as a public company.

A major restructuring is expected to be announced sometime soon.

Khazanah - a Malaysian sovereign wealth fund - which owns nearly 70 percent of the airline, plans to buy out small shareholders as a first step to overhauling the national carrier.

MH- 17 was shot out of the sky in July, over territory that's controlled by pro-Russian militants battling the Ukraine government.

The United States says a surface-to-air missile took down the plane.

In March, Malaysia Airlines Flight 370 disappeared with 239 people on board.

No trace of the plane has been found.

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