Yet, even before the disappearance of MH370 in March with 239 people on board, the airline was struggling.
Then last week, all 298 people on its flight MH17 died when it was reportedly shot down over Ukraine.
So, can it recover?
The Malaysian Government, its major shareholder, is committed to ensuring its long-term future as the national carrier, the airline has said.
It also confirmed it is operating all scheduled flights to and from Australia and New Zealand.
“We are determined to rebuild trust in Malaysia Airlines as one of the best full-service carriers in the world and we appreciate the support of travel agencies, passengers and our valued employees,” Lee Poh Kait, Regional Senior VP, Australia, New Zealand and South Pacific, said in a statement.
He added that the Australasian region is the airline’s main market outside of Malaysia, with 81 flights a week.
Malaysia Airlines ticket holders have until Thursday to change or refund their tickets without charge for travel throughout the rest of the year.
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