The net loss was recorded despite growth in revenue, to $1.8bn from $1.71bn, and the spokeswoman says it was primarily the result of a loss that was booked in the first quarter on the sale of an Airbus A300-600. An operating profit of $31.7m was recorded, however, compared to an operating loss of $5.52m in the year-earlier period.
Fuel accounted for around 50% of the carrier’s total expenditure in the first half. Cargo revenues were also weaker during the period, at $722m against $734m in the same six months of last year. Passenger revenue increased to $994m from $888m.
Source: Flight Daily News