Malaysia Airlines is seeing a recovery but is that good news for the embattled flag carrier?

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The past few years have been nothing but challenging for Malaysia Airlines.

The national flag carrier has been struggling to keep up with the boom of discount airlines, and the disasters of Flights MH370 and MH17.

Financially in the red, it undertook a restructuring to cut down staff by up to 6,000. For the first time in its history, a foreigner, Christoph Mueller, was appointed as the chief executive.

Mueller left and Peter Bellew, who was roped in by Mueller, took over as chief executive officer and group managing director on July 1.

Today it seems that the two-year restructuring phase has paid off with Malaysia Airlines seeing a recovery in its share of the travel business by between 3% and 4%.

It is an encouraging sign for the embattled carrier but that does not mean the road ahead is easy.

Last week, the airline released its second-quarter report ended June 30 that saw passenger yields slipping marginally to 22.5 sen from 22.6 sen in the previous quarter.

Globally, yields have been falling due to intense competition and passenger loads slipped to 68.6% from 68.9% in the first quarter of the year.

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