Spanish LCC Volotea said it achieved a record operating profit in 2018 as it continues to expand in its niche sector. Barcelona-based Volotea connects second- and third-tier European cities, cutting out major hubs and specializing in routes that are generally too thin to attract the major LCCs. The company said revenues rose 29% to €396.1 million ($441.6 million) over 2017’s figure of €307.5 million. Ticket revenues were up 28% at €258.4 million and ancillary revenue ...

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