Loganair Returns to Profitability

DALLAS – The UK’s largest regional airline Loganair (LM), has announced that it has returned to profitability for the financial year to March 31, 2022.

LM generated a full-year pre-tax profit of £4.98 million (US$5.6 million). This is in comparison to the £5.6 million (US$6.2 million) pre-tax loss for the previous year. It made revenues of £161 million (US$180 million), and over 910,000 passengers were carried.

The airline also said that it had repaid government loans over the summer, made to LM to provide financial support during the pandemic.

A Diverse Operation

Part of the return to profitability was down to its read more ⇒

Source:: “Airways Magazine”

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