00:00Things have changed a lot as you know and the fuel price before this was
00:05hovering close to about $100 sink jet fuel. However in the last one month the
00:10fuel price has increased more than 140 percent. It has reached to a peak close
00:15to $240 sink jet and for our scale of business ladies and gentlemen the impact
00:20to us is approximately about 50 million ringgit for every dollar that it has
00:25increased. Yeah but having said that we're quite okay in the context of the
00:30Forex. Forex has been quite stable comparatively to the USD. However in the
00:36last few days it has increased and to give context again and every 10 cent of
00:41movement in Malaysia ringgit into the US dollar it will impact Malaysia Evision
00:46Group at a bottom line about 200 million ringgit on every 10 cents. As you know
00:54when the crisis happened in the Middle East not only on the fuel price has
00:59increased but it's impacted us as a group and also as an airline. One of the
01:04key factors that has impacted Malaysia Airlines is of course on the fuel price.
01:08Having said that today since we're flying to the Europe from Malaysia from this
01:13part of the world our sectors and our flight routing have increased to
01:17approximately an additional one hour and today as we are flying into London and
01:23also Paris with that one hour additional it has increased of
01:27approximately about 18,000 kilogram fuel burn daily for Malaysia Evision Group and
01:32approximately about hundred and fifteen thousand ringgit daily right. Today because
01:38of the closure of certain airports and also certain airspace in our the Middle East
01:42stations we have continued to suspend our or cancel our flights into Doha at this
01:49point of time up to 15 of April and today we're doing two times Doha and that has
01:54also impacted our top-line revenue in particular flying to Doha but our Jeddah and
02:00Madinah has been flying as per normal we had cancelled our flight to Jeddah Madinah at the
02:06about first five days during the war started. One other thing that I wanted to highlight is not just about
02:12the fuel cost and also the additional routing. More importantly is also about the fuel supply.
02:18So members of the media there are certain states or certain countries that we fly into have
02:23raised certain concern about the fuel supply. Thank God in Malaysia we're still quite stable in that
02:29sense but having said that we're seeing some syndication that there will be other
02:34countries will may have issues with regard to fuel supply. So what we're doing today is trying to
02:40optimize our fleet efficiency to fly the the newer aircraft as much as we can so that we're able to
02:47contain a fuel efficiency as as best as we can. So first and foremost with that as I said just
02:53now we
02:53will continue review and adjust and it is always about the demand right and today we're seeing demand
02:59are pretty strong. Tomorrow we'll be announcing other sectors that we will announce there will be three
03:03other sectors that will be announced and in the likes of north and south China and India has been very
03:08strong. Demand from these two regions are still very strong and we believe to support visit Malaysia
03:14here provided we are able to ensure that the P&L or the financial performance is positive we will
03:20continue to grow and we will continue to fly to all these sectors accordingly so that's number one. Number two
03:25you
03:25ask about the the focus how is going to be look like the look of the company fuel cost is
03:3240% Norman of
03:34the organization so we are doing our level best to ensure that we are able to mitigate the height of
03:39the fuel cost through the maximizing of our yield our revenue and and and our fair pricing right and it
03:46has
03:46to be competitive so that's very important whether we're going to end positive that's another thing
03:51because today and compared to yesterday the fuel prices changed to more than 20 dollars right maybe
03:56tomorrow is going to increase another 20 dollars so it's so volatile but we at our as a group we
04:01are
04:02ready and we are prepared in terms of our people and we need to ensure that the products and our
04:07assets
04:07are ready to fly to the sectors if there is a demand
04:21so
04:21you
04:21you
04:22you
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