Malév Hungarian Airlines
Malév, one of the leading airlines of Central-East Europe, has built up enormous experience connecting the cities of West and East Europe.
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Oneworld membership seen lifting Malév revenues by HUF 4-8 bn a year |
National airline Malév Rt announced on Friday that a full membership in oneworld alliance, expected from summer 2006, would lift its revenues by an annual HUF 4-8 billion and its profits by 2-4 billion. Malév's annual general meeting, held on Friday, nodded on its 2005 business plans, which earmarks a HUF 2.6 billion improvement in operating and profitable operation in 2005.
The airline, facing harsh competition, expects to maintain its turnover. Its cost cutting programme would lower its operating loss by HUF 2.6 billion to a loss of HUF 1.8 billion.
The airline expects one-off revenues from the sale of fuels division. Ut added that the biggest risk for the business plan was fuels prices.
In 2004 the airline posted a consolidated net loss of HUF 4.95 billion on sales of HUF 123.8 billion.
Source: Portfolio online financial journal
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30.05.2005
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