David Curmi - by Bernard Polidano

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.

LinkedIn CEO calls for change in how jobs are perceived – not as titles, but sets of tasks

24 April 2024
by Fabrizio Tabone

Ryan Roslansky remarks that while in the past individuals would build their careers for stability, nowadays it is more of ...

CEO states that RS2 Group’s performance is expected to improve with a ‘stronger pipeline’ in 2024

24 April 2024
by Fabrizio Tabone

During 2023, RS2 Group registered €1.4 million in pre-tax profit, 19.1% less than in 2022.

‘Promoting inclusivity is not only the right thing to do, but also a strategic imperative’ – APS CSO

24 April 2024
by Fabrizio Tabone

Speaking during the signing of a commitment to the Malta Diversity and Inclusion Charter, Liana DeBattista notes that the bank’s ...

Manfred Galdes named new HSBC Bank Malta Chairman

23 April 2024
by Fabrizio Tabone

He previously served as Non-Executive Director of the bank for over three years.

Close Bitnami banner
Bitnami