Technically MAS is bankcrupt since 1999 but the government had been propping it up. It is burning US$1,000,000 a day since then.
The thieves had ran away with its loot and the power that be cannot help it much longer.
So the inevitable is going to happen, downsizing to half its original size. Pilots will be retrenched and there is nowhere to go with the present climate in the aviation world.
There is still the US$5 billions in debt MAS got to sort out.