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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