Air Malta turning around

admin
By admin October 19, 2015 10:09

Air Malta turning around

The Air Malta AGM last week confirmed that the airline expects to reduce its loss to around €4 million ($4.5 million) for the financial year ending March 2016 from a €16.4m loss for the year ending March 2015. This is very impressive given the competition that Air Malta finds itself under these days, and given the near total loss of its North African market. Only three years ago the airline posted a crushing €78m loss.

The results were partially achieved by the sale of a hotel plus a €4 million saving achieved through renegotiating a catering contract, but the reality is that Air Malta is regaining market share.

admin
By admin October 19, 2015 10:09