Sweden-based cargo specialist West Atlantic reduced losses in 2017, ending the year with a net loss of SEK61.6 million ($7.5 million) compared to a deficit of SEK81.8 million for the previous year. The airline recorded a significantly better 4Q than in 2016, swinging from a loss of SEK23.3 million to a profit of SEK17.4 million. There was strong revenue growth of 20.4%, to SEK1.59 billion over the year, mainly because of a contract with the UK Royal Mail. Over the year, however, the ...

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