Full article in JPG format: page 30/31 & page 32
Air Malta was profitable last year after nearly two decades in the red, soothing worries about its financial health and validating the new strategy launched by the country’s Labour government.
With a dozen European carriers closing their doors since the beginning of 2018 – including well-known names such as WOW Air, Germania and Flybmi – pressure had been mounting on the Mediterranean island flag carrier to end its lossmaking streak.
An earlier restructuring plan focused on contraction was not successful, and in 2016 Brussels ruled that Air Malta was not eligible for further state aid...
