Air Nostrum 2018 net profit up 46% on cost reduction, market strategy

Credit: Air Nostrum
Spain’s Air Nostrum reported a 2018 net profit of €19 million ($21 million), up 46% compared to 2017.Air Nostrum, which is an Iberia franchised carrier for regional flights, took in €501 million in revenue, up 9.4% year-over-year (YOY).The Valencia-based airline cited pricing effects, cost reduction...

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