"We're assessing replacement options for the A350 fleet and have not made any decision on that," he said, adding that the review is expected to conclude in the fourth quarter.
Nasaruddin said new aircraft deliveries remain on schedule, with six already delivered in 2026, comprising two A330-900Ns and four B737-8s. MAG expects to receive eleven aircraft in total during 2026, and has not been advised of any delays by Airbus or Boeing.
Malaysia Airlines operates a fleet of 94 aircraft, comprising three A330-200s, three A330-200Fs, thirteen A330-300s, ten A330-900Ns, seven A350-900s, eighteen B737-8s, and forty B737-800s. It has commitments for twenty-six more A330-900Ns, twenty-five B737-8s, and twelve B737-10s.
Long-term plans
MAG is also sticking to its long-term business plan, called LTBP3.0, despite expecting a challenging financial year due to fuel price volatility and the geopolitical tensions in the Middle East. Launched in December 2025, the plan targets revenue of MYR24.6 billion ringgit (USD5.9 billion) by 2030 and calls for the mainline fleet to grow to 116 aircraft by 2035 through the addition of forty A330-900Ns, forty-three B737-8s, and twelve B737-10s.
The executive said fuel costs had risen from about 30% to 50% of the group's cost base. MAG has hedged around 36% of its 2026 fuel requirements at the crude level and 10% at the crack-spread level while using dynamic pricing, cost controls, and network adjustments to mitigate the impact.
He added that Malaysia Airlines had benefited from increased Australia-Europe traffic via Kuala Lumpur International and remains on track to resume its Doha Hamad International service on July 2, 2026.
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