Malev Hungarian Airlines is making progress in its turnaround efforts, but still will not earn a profit this year, CCO Otto Gergye told ATW.
Malev Hungarian Airlines 737-700. Photo: By Rob Finlayson. Malev Hungarian Airlines is making progress in its turnaround efforts, but still will not earn a profit this year, CCO Otto Gergye told ATW. Speaking on the sidelines of last week's IATA AGM in Singapore, he said profitability is likely "to happen in the next 18 to 24 months." He added that the Hungarian government has provided strong support to the carrier to see it through fiscal distress. The government ...
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