Isn’t it tough to be managing a company that’s losing so much money?
In a small start-up, it’s much easier to account for every single sen spent and of course, I believe the main reason would be it’s easier to narrow the “accountability” of every single employee.
With a company the size of MAS, I guess any unnecessary expenses by the entire staff of air steward/stewardess is going to cost the company an arm and a leg…
Via The Star Online
This will be the second time in half a decade the carrier will report a net loss exceeding RM1bil. In 2000, it reported a net loss of RM1.3bil.
An analyst expects the nine-month loss to be RM1.2bil; another said it would be RM1.3bil. The nine months??results reflect MAS??full reporting period for 2005 as it is changing its March year-end to a calendar year-end. MAS reported a RM648mil net loss for the first half of last year.
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shadowfox