Armenia Airlines aims to reach break-even in 2021
Armenia Airlines, remains in the red, but insists it will become financially successful in 3 years’ time. In 2018 it carried 75,000 passengers, a 1% improvement on 2017, a modest growth which the airline’s management attributes primarily to political events within the country, especially the May 2018 Armenian Velvet revolution, which influenced many passengers to remain in the country. Last year, the number of flights increased by more than 10% to 542 compared with 2017’s 480 and the small airline added 7 people to its staff roster, which reached 51 by the end of the year. In the last 3 years, more than US$10m has been injected into Armenia Airlines, but it remains a loss-making enterprise. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-02-26/unaligned/armenia-airlines-aims-to-reach-break-even-in-2021
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Armenia Airlines aims to reach break-even in 2021
Armenia Airlines, remains in the red, but insists it will become financially successful in 3 years’ time. In 2018 it carried 75,000 passengers, a 1% improvement on 2017, a modest growth which the airline’s management attributes primarily to political events within the country, especially the May 2018 Armenian Velvet revolution, which influenced many passengers to remain in the country. Last year, the number of flights increased by more than 10% to 542 compared with 2017’s 480 and the small airline added 7 people to its staff roster, which reached 51 by the end of the year. In the last 3 years, more than US$10m has been injected into Armenia Airlines, but it remains a loss-making enterprise. <br/>
