Reading Time: 2 minutes Alitalia, the troubled Italian airline which is buying a 49% stake in Air Malta, is losing €500,000 a day, its president has said. Several sections of the Italian media quoted Luca Cordero di Montezemolo as saying that the ailing airline, in which Etihad Airways owns a 49% stake, is “seeing the light at the end […]

Reading Time: 2 minutes Some of Europe’s largest airline groups have unveiled their Q1 financial results in the past week, serving up a varied set of earnings but nevertheless giving credence to IATA’s prediction that 2016 will see a jump in the continent’s profitability.   For some, reduced fuel prices and higher customer demand are still aiding improved performance […]