Air Malta reported falling revenues through the first nine months of its fiscal year that shifted its operating result MTL2.3 million ($6.4 million) into the red for the period ended Dec. 31. It reported a MTL291,000 operating profit for the corresponding period in 2004. Operating revenue decreased 3.2% to MTL81.5 million. Revenues for the third fiscal quarter dropped 4.7% to MTL19.9 million. Despite a slight 0.8% reduction in costs to MTL24.5 million, operating loss widened to MTL4.6 ...

Subscribe to Access this Entire Article

"Air Malta can't overcome declining Maltese traffic" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.