Italian carrier Meridiana is targeting breakeven this year after several years of heavy losses. The Sardinia-based airline, which was taken private by its owners and de-listed from the Italian stock exchange last year, made an EBIT loss of €43 million ($48 million) in 2015, a considerable improvement on the 2014 deficit of €145 million. It is restructuring, optimizing its route network by dropping loss-making routes, increasing frequencies on profitable ones, and is in ...

Subscribe to Access this Entire Article

"Meridiana seeks to end losses this year" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? Log in here.