Malev reduced its net loss to 2.11 billion forints ($11 million) in 2004 from 4.3 billion forints in 2003. CEO James Gonci was quoted by news agency MTI as saying the carrier can remain stable until at least the end of 2006 and will not require state support. The Hungarian government has been attempting to sell the airline and launched another effort at the beginning of the month (ATWOnline, April 6). Malev said its market share at its Budapest hub fell to 49% last year from 56.5% in ...

Subscribe to Access this Entire Article

"Printer-friendly" 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.