Air Malta Expects To Sharply Reduce Losses This Year

“Air Malta expects to sharply reduce its losses this year as it enacts its turnaround plan. The airline’s operating loss for the year ended March 2013 will be around €15 million, compared to the figure of €55 million projected operating loss in the adjusted budget of Air Malta two years ago. This is in-line with the milestones in the EU approved Restructuring Plan,” confirmed Air Malta’s Chief Executive Peter Davies during an interview published online on Air Transport World.

Leading aviation magazine Air Transport World caught up with Air Malta’s CEO who was the guest speaker at the European Regional Airline Association (ERA) annual conference in Edinburgh this week. This conference, attended by around 200 delegates from various European airlines, is known for its focused and topical conference sessions and this year it centred on the core issues affecting today's aviation in Europe.

During the conference’s first session entitled, ‘Facing today's challenges to achieve a more stable future’, Mr Davies addressed the issue of how the European regional aviation industry is facing up to today’s challenges that include the Eurozone crisis, unpredictable fuel costs, consumer behaviour and EU aviation policy decisions.