Airmalta finances continue to improve

Air Malta today announced its financial results for Apr-Jun 2013. The company said in a statement that the results confirm steady financial and operational progress. During this period the airline has halved its operating loss, increased revenue, increased passenger figures whilst maintaining a steady seat load factor over the same period last year. The company said that it has reduced the operating loss for the quarter to €3.3million. The airline said that these positive interim 1st quarter results were driven by constant improvements of the airline's revenue of €5.7million and by the increases in passenger numbers to 498,692 passengers. The airline registered a seat load factor of 74% over this period. Chief Executive Peter Davies said, "These results continue to confirm that Air Malta is on its way to recovery. They could not have been achieved without the commitment and dedication of our management and staff that are together working very hard to turnaround this airline.“  He said that over the last few months Air Malta has launched a business process re-engineering program of projects to improve its OTP and the good news is that results are being registered.