National carrier Air Malta announced that it will be consolidating its flight schedule for January and February by reducing frequencies on certain routes.
Despite this, Air Malta will not be cancelling any of the 16 routes its operating to this winter.
“We are taking such decisions to match customer demand and avoid flying near empty aircraft. Such assessments are ongoing and will continue until demand returns to healthy levels. In these situations, we need to be very agile and financially disciplined to be able to adjust seat capacity and focus on efficiency to protect our liquidity and cash performance,” Air Malta Executive Chairman David Curmi said.
“Given the unprecedented times we are living in and the challenges that Air Malta is facing, we are continuously optimising our network for profitability and liquidity, and we plan to continue to do so without compromises,” he continued.
The airline noted that such curtailing was necessitated due to the dramatic downturn in demand over recent weeks – a very common phenomenon in the industry due to the current COVID-19 scenario.
“In this ever-changing scenario, it is very difficult to make any predictions, however Air Malta is committed to remain an all-year-round vital link to mainland Europe not only for travel and tourism but also for the transfer of urgent medical cargo, mail and other import and export freight required for our various industries,” Mr Curmi concluded.
Alex Scicluna was reacting to the recent results from a survey by ACE which found that 26.6% of catering establishments’ ...
The bank is moving towards providing a paperless service, and has recently introduced digital signature technology.
Despite its size, Malta has played a major role in the development of online casino regulation and continues to be ...
Sayed Mohamed Mohamed Noor Sharaf has resigned from the two positions with immediate effect.