Malaysia Airlines is offering refunds for any tickets to fly this year

July 20, 2014 00:28

Following the destruction of Malaysia Airlines flight 17, which is believed to have been blown out of the sky over eastern Ukraine, shares in the airline's stock closed down 11% at the end of Friday.

The airline has now said that it will offer anyone with a ticket to fly this year a refund -- regardless of when it was purchased -- if they call before July 24.

A kind gesture for their customers, but perhaps not so good for the bottom line.

Over the past five years, the airline has lost 92 per cent of its value.

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