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
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