Italian carrier Meridiana is targeting breakeven this year after several years of heavy losses. The Sardinia-based airline, which was taken private by its owners and de-listed from the Italian stock exchange last year, made an EBIT loss of €43 million ($48 million) in 2015, a considerable improvement on the 2014 deficit of €145 million. It is restructuring, optimizing its route network by dropping loss-making routes, increasing frequencies on profitable ones, and is in ...

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