Barcelona-based LCC Volotea reported a net profit of €11.2 million ($13 million) for 2017 on revenue of €307 million, up 23% year-over-year (YOY). The company did not provide a net profit figure for the previous year. Ancillary revenue reached €105.1 million, or 34.1% of revenue. The airline earlier this month announced a new group of investors. Volotea said passenger numbers jumped 40% YOY in 2017 to more than 4.8 million and load factor rose 9.8% to 85.4%. The airline, ...

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