Malaysia Airlines says 3Q losses expanded due to jet disasters

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Malaysia Airlines says its losses worsened in the third quarter after its business was hit by two deadly passenger jet disasters this year.

The flag carrier said Friday that its net loss in the quarter rose 53 percent from a year earlier to 576.1 million ringgit ($170.3 million).

A Malaysia Airlines jet with 239 people on board, mostly from China, went missing March 8 while en route to Beijing and no trace of it has been found. In July, a Malaysia Airlines jet was shot down over Ukraine, killing all 298 people on board.

The July-September report is the last financial result released by the airline before it is taken private under a $1.8 billion overhaul by its main shareholder, government investment arm Khazanah Nasional.