Air Malta losses reduce losses

Victoria
By Victoria August 14, 2012 16:06

Air Malta losses reduce losses

Operating losses at Air Malta reduced by €4 million to €30 million for its full fiscal year ending March 31. The airline could have reduced its losses to €21 million this year but was affected by a 20% reduction in capacity required by the European Commission and a 30% increase in fuel price, which added €17 million to its annual fuel costs.
Operating revenues was up by €7million to €214 million driven mainly improved yields, a 2% increase in load factor to 75.2%, as well as ancillary revenue growth.
Air Malta flew 1.82 million passenger numbers during the year compared to 1.76 million in the previous year.

Victoria
By Victoria August 14, 2012 16:06
Write a comment

No Comments

No Comments Yet!

Let me tell You a sad story ! There are no comments yet, but You can be first one to comment this article.

Write a comment

Only <a href="https://www.aviationnews-online.com/wp-login.php?redirect_to=https%3A%2F%2Fwww.aviationnews-online.com%2Fairline%2Fair-malta-losses-reduce-losses%2F"> registered </a> users can comment.