Malaysia Airlines went through losses in the 21st century.
Malaysia Airlines . In 2013 , the airline initiated a turnaround plan after large losses beginning in 2011 and cut routes to prominent , but unprofitable , long-haul destinations , such as the Americas ( Los Angeles and Buenos Aires ) and South Africa . In 2014 , Malaysia Airlines lost two aircraft -- Flight 370 and Flight 17 -- less than five months apart , exacerbating the airline 's financial troubles and leading to the renationalisation of the airline .