Minister for Finance Clyde Caruana stated that every single route operated by Air Malta “was running at a loss.” Minister Caruana spoke about Malta's national airline during a Business Breakfast organised by The Times of Malta.
This reaffirmed what he remarked earlier, that before the COVID-19 pandemic, Air Malta lost €4,075 every time a plane took off.
In early October, Minister Caruana announced that Malta’s current national airline will be closing its doors on the 30th of March 2024, after years of financial turbulence. However, Malta will still have a national airline with operations starting the following day after closure.
The Minister stated that Air Malta has taken up more than half his “time, mind, body and soul,” over the past 30 months.
Nonetheless he assured that the new airline has to work on a commercial basis, and it has to turn a profit. “All the 17 routes to the ‘new’ Air Malta will be profitable,” he said.
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Anthea Cachia
Anthea has a passion for writing, meeting new people and telling stories. With an insatiable curiosity Anthea loves roaming localities in search of long-established small businesses. When not scribbling away on a notebook or tapping on her computer, you can find her experimenting in the kitchen or traveling.
