Irish regional CityJet has cut its 2015 operating loss to €10 million ($10.6 million), down 66% from a €30.6 million loss in 2014. Dublin-based CityJet, which is active in scheduled flying, wet-lease work and ad-hoc charters, described 2015 as a “transitional year” and said the performance marked further improvement on its prior year, when it cut its losses by 38%. Revenue fell to €165.1 million, down from €179.8 million in 2014, as the airline continued to ...
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