Malaysian airline is sinking fast

Two months after Flight MH370 went missing without a trail, the Malaysian airline company declared its fifth straight quarter of losses.

The company declared a net loss of 59% in the January to March period, adding up a total of 443 million ringgit or $138 million.

'Tough operation conditions' and 'negative sentiment' are the reasons the company stated for the fact that it's sinking almost as fast as their still missing airplane.

After flight 370 went missing on March 8 an hasn't been found to this date, the Malaysian airline company experienced a massive number of cancellations, not to mention a great black hole that is eating away on its reputation.

China, the company's biggest client, hit the airline the most with a 60% drop in sales.

The company was not doing better before its plane disappeared as it has been building on a $1.3 billion loss over the last three years, caused by high fuel prices, foreign exchange fluctuation and increased competition from low-cost airlines.

However, the Malaysian airline does not plan to go down without putting up a good fight, as airline chief stated: 'We still have much work ahead of us to deal with the reality of the business and competition as a dynamic and nimble operation. MH370 has brought out the best of our Malaysia Airlines team to stand united to face the crisis. We will be leveraging on this team spirit to fight for our future.'