LaudaMotion CEO expects profitability in third year
Credit: LaudaMotion
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...
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