Malaysia Airlines continues to bleed red ink, posting another quarter of deepening losses in its first reporting quarter since the March 8 disappearance of flight MH370.

The national carrier posted a net loss of RM442 million for the first-quarter of 2014, almost double the same quarter last year after adding almost RM195 million in operating expenses.

In a statement, Malaysia Airlines said the MH370 incident had a “dramatic impact” on its financial performance during the three-month period ended March.