Malaysia Airlines on track with profit target; mulls over fleet expansion

Kuala Lumpur

MALAYSIA Airlines Bhd is on track to return to profitability by 2018, helped by job cuts and route changes undertaken as the company reeled from two high-profile plane crashes in 2014, Chief Executive Officer Christoph Mueller said.

The airline's restructuring effort is proceeding as planned and the company is finished laying off employees, Mr Mueller said in an interview on Monday with Bloomberg Television in Singapore. The carrier wants to buy and own some aircraft once its targets are met, as its existing fleet structure is skewed towards leased planes, he said.