Air Malta forecasts loss in 2019
Air Malta is expecting to register an operating loss in the financial year ending March 2019. The airline’s board of directors is forecasting another loss-making year despite continued efforts to increase revenue and lower costs, according to the full financial statements for year ending March 2018 deposited last week with the registry of companies. The airline recently declared a profit of nearly E1.2m. This represents the operating profit before restructuring costs and non-recurring items. Tourism minister Konrad Mizzi touted this as a “success story” coming after nearly 2 decades of yearly losses. The figures just published, however, show that were it not for a nearly E34m in revenue from the disposal of landing rights in 2018, the airline would have registered a loss of E17m (after restructuring costs and non-recurring items). <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-04-22/unaligned/air-malta-forecasts-loss-in-2019
https://portal.staralliance.com/cms/logo.png
Air Malta forecasts loss in 2019
Air Malta is expecting to register an operating loss in the financial year ending March 2019. The airline’s board of directors is forecasting another loss-making year despite continued efforts to increase revenue and lower costs, according to the full financial statements for year ending March 2018 deposited last week with the registry of companies. The airline recently declared a profit of nearly E1.2m. This represents the operating profit before restructuring costs and non-recurring items. Tourism minister Konrad Mizzi touted this as a “success story” coming after nearly 2 decades of yearly losses. The figures just published, however, show that were it not for a nearly E34m in revenue from the disposal of landing rights in 2018, the airline would have registered a loss of E17m (after restructuring costs and non-recurring items). <br/>
