On Air Now

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 1360 AM Northeast, WI 97.5 FM Green Bay, WI

Weather

Current Conditions(Green Bay,WI 54303)

More Weather »
51° Feels Like: 51°
Wind: SW 3 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Tonight

Clear 46°

Tomorrow

Sunny 73°

Wed Night

Mostly Clear 48°

Alerts

Malaysia Airlines shares suspended pending announcement

KUALA LUMPUR (Reuters) - Shares in Malaysia Airlines (MAS) will be suspended on Friday ahead of a material announcement.

MAS said its shares will be suspended from 9 a.m. local time (9 p.m. ET), confirming an earlier report by Reuters.

The share suspension comes ahead of the announcement of the airline's planned restructuring, which could include job cuts and a change in top management.

Khazanah Nasional, the airline's majority shareholder, will be holding a press conference on MAS at 3 p.m. local time(3 a.m. ET) on Friday.

MAS reported a net loss of 307.04 million ringgit ($97.27 million) in its second quarter and said its earnings in the second half will be hit by lower passenger bookings after the two jet disasters this year.

(Reporting by Al-Zaquan Amer Hamzah; Editing by Ryan Woo)

Comments