A photo posted on Twitter claiming to show a Malaysia Airlines flight from Australia shows rows and rows of empty seats, with just three passengers visible. The carrier is rumoured to be ready to replace its chief executive as part of a major overhaul, and is expected to announce this week, its earnings for the period between the disappearance of MH370 in March and the downing of MH17 over Ukraine in July. Details of the revamp are said to involve a name change, rebranding and job cuts of up to 20 per cent of its 20,000 employees, as well as the slashing of routes along with what is expected to be woeful financial results.
The airline is said to be losing vast amounts of cash at a rate of around £1.3m ($2.16m) per day as it struggles to survive, with bookings at an all time low.
The airline has confirmed there was a ‘spike’ in crew members quitting their jobs following the loss of MH370 on March 8 and the shooting down of flight MH17 over Ukraine on July 17, which resulted in the loss of 537 lives. Among those who left their jobs, a number cited fears for their safety as the reason for their resignation. The airline said 186 crew had left in the first seven months of this year, with many blaming family pressure prompted by the incidents.
After two of the worst air tragedies in history, could this be the end for Malaysia airlines?