LaudaMotion CEO Foresees Third-Year Profitability
Credit: LaudaMotion
VIENNA—LaudaMotion will see continued losses in its second year of operations but expects profitability in fiscal 2021 as the scaling effects of fleet and network growth reduce costs. The Vienna-based LCC, a subsidiary of Irish LCC Ryanair, estimates fiscal 2020 losses of €50 million to €70 million...
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