Titan Airways Narrows Losses Through Diversification

DALLAS – London Stansted-based Titan Airways (ZT) has announced that it has driven down its losses for the year ending March 2022 thanks to the diversification of its flying activities.

The charter and ACMI specialist revealed record revenues for the 2021/2022 financial year of £121.1 million. This was beyond the airline’s pre-Covid high of £117 million.

It managed to cut pre-tax losses from £16.3 million to £3.6 million and net loss from £13 million to £2.6 million.

Titan Airways is one of the few remaining operators of the Boeing 757 with two in the fleet. Photo: Fabrizio Spicuglia/Airways.

Pleasing Performance

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Source:: “Airways Magazine”

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