One year after the disappearance of flight MH370, doubts remain if Malaysia Airlines (MAS) can recover from the financial and reputational damage brought on by the tragic incident.
A commercial plane operated by Malaysia's flagship carrier vanished during a routine flight from Kuala Lumpur to Beijing on March 8 2014; debris has yet to be found.
On Sunday, a new interim safety report suggested that the battery on one of MH370's data recorder beacons may have expired—more than a year before the plane actually went missing. However, the exact causes behind the plane's disappearance remain shrouded in mystery, and persists as the aviation world's biggest mystery to date.
Accusations were initially leveled at MAS for its mismanagement of the search effort and dealings with families of the 239 passengers on board flight MH370. The public backlash worsened in July 2014 when Malaysia Airlines flight MH17 was shot down by a missile in Ukrainian airspace during a territorial conflict between Russia and Ukraine.
The twin tragedies hit the airline's balance sheet. In its last earnings report before being privatized by Malaysian sovereign fund Khazanah Nasional in December, the carrier posted a net loss of 576 million ringgit ($160 million) for the July-September period. That brings losses for the first nine months of 2014 to 1.32 billion ringgit ($362 million).