Timeline of Malaysia Airlines Flight 370 of seafloor topography and continued until December that year. An underwater search began in October 2014 but failed to recover anything of value and was suspended in January 2017 after searching of the southern Indian Ocean. On 29 July 2015, a flaperon from Flight 370 was discovered on a beach in Réunion, approximately west of the underwater search area; this location is consistent with drift from the underwater search area over the intervening 16 months. Flight 370 took off from Kuala Lumpur International Airport at 00:42 local time (MYT; ) en route to Beijing Capital International Airport, where it was
Malaysia Airlines Flight 370 Malaysia Airlines was struggling to cut costs to compete with a wave of new, low-cost carriers in the region. In the previous three years, Malaysia Airlines had booked losses of: RM1.17 billion (US$356 million) in 2013, RM433 million in 2012, and RM2.5 billion in 2011. Malaysia Airlines lost RM443.4 million (US$137.4 million) in the first quarter of 2014 (January–March). The second quarter—the first full quarter in the aftermath of Flight 370's disappearance—saw a loss of RM307.04 million (US$97.6 million), which represented a 75-percent increase over losses from the second quarter of 2013. Industry analysts expected Malaysia Airlines to lose further