Air Malta reported a pre-tax loss of €16.2 million ($20.3 million) for the financial year ended March 31, well short of the €3.3 million profit targeted in the airline’s restructuring plan, but almost halved from a loss of €31 million reported in the previous financial year. The airline cited the loss of its lucrative Libyan market (costing the airline a reported €1 million a month) and the effects of sanctions on Russia, as well as increased fleet maintenance costs ...

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