EgyptAir has posted a 75% fall in profits in 2011. Although the carrier has cut costs by 30%, profits were still down to $12 million.
Civil unrest in Cairo has severely affected traffic but the airline is continuing to expand, adding a route to Toronto from next year and several more.
Related posts
QATAR AIRWAYS TO LAUNCH IPO
By
Dino D'Amore
19th December 2010