Air Malta posts profit for the first time in almost two decades

posted on 25th March 2019 by Justin Burns
Air Malta posts profit for the first time in almost two decades

Air Malta posted small operating profit for the first time in almost two decades in 2018 – which was driven by an increase in revenues and passenger traffic growth.

The carrier announced its annual results for last year at the weekend and said profit was €1.2 million, while passenger traffic increased around 11 per cent to 1.7 million. The airline registered a loss of €10.8 million in 2017.

Air Malta’s chief commercial officer, Paul Sies, said during the financial year capacity was increased by 20 per cent with new routes generating a €12 million increase in revenue.

Sies also announced the airline’s summer schedule which includes increased frequencies to and from Paris Charles De Gaulle, Hamburg, Kiev, London Heathrow, Lyon, Munich and Tunis.

He also announced after an absence of 12 years Air Malta is set to resume flights to Egypt’s capital, Cairo and for the first time the airline will also offer scheduled services to/from Warsaw.

The airline is also reportedly mulling over starting routes to Scandinavian and Eastern Europe, and adding new long-haul flights to countries like India and sub-Saharan regions.