Air Malta returns to revenue for first time in twenty years | Information

Air Malta reported an working revenue of €1.2 million final yr – the primary time the provider has been within the black for nearly twenty years.

The determine compares to a lack of €10.Eight million in 2017.

When non-recurring objects are taken under consideration (together with the fee of the early retirement schemes and the achieve on the disposal of touchdown rights), the airline registered a revenue of €15.7 million.

Throughout 2018 Air Malta’s working income elevated by €5.three million to €197.5 million, primarily pushed by a rise of 11 per cent within the variety of passengers.

The airline welcomed 1.7 million visitors final yr.

Air Malta operated 14,126 flights final yr, once more up 8.5 per cent.

Air Malta chief monetary officer, Omar Bonello, attributed the constructive efficiency to higher plane utilisation, the implementation of a brand new gross sales technique and investments in IT expertise.

Malta minister for tourism, Konrad Mizzi, famous the truth that the airline had registered a big revenue after 18 years -demonstrating a narrative of perseverance, willpower and dedication.

He famous the constructive achievements at Air Malta, such because the addition of 21 new routes, the rise in passenger numbers and income, and the rise within the variety of planes within the fleet.

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