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 ($57 million to $79.7 million). That follows €140 million in startup losses in fiscal 2019, which Ryanair attributed to the late release of summer schedules, low promotional ...

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