Vienna-based LCC LaudaMotion will see continued losses in its second year of operations, but expects profitability in FY2021 as the scaling effects of fleet and network growth reduce costs. The airline, a subsidiary of Irish LCC Ryanair, estimates FY2020 losses of €50 million to €70 million ($57 million to $79.7 million). That follows €140 million in startup losses in FY2019, which Ryanair attributed to the late release of summer schedules, low promotional fares and expensive ...

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