Air Malta returns to profitability

Air Malta has reported an operating profit of €1.2 million for the year ended March 2018 compared to an operating loss of €10.8 million in the previous period. When non-recurring items are taken into account (including the payment of the early retirement schemes and the gain on the disposal of landing rights), the airline registered a profit of €15.7 million compared to a loss of €13.1 million in the year before. During the year under review, Air Malta’s operating revenue increased by €5.3 million to €197.5 million mainly driven by 11% more passengers (2018: 1.7 million passengers, 2017: 1.5 million