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Saturday, 20 July 2019

EgyptAir profits hit EGP 951 mln for first time in more than 10 years

MENA , Ahram Online , Sunday 10 Feb 2019
Egypt Air
File Photo: A man passes the Egypt Air desk (Photo: Reuters)
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EgyptAir's net profits hit EGP 951 million in the first six months of the 2018/2019 fiscal year; the first in ten years,  Egypt's Civil Aviation Ministry revealed in a statement Monday.

Hailing positive results, Minister Younis el Masry said the profits are many times more than those recorded in 2009/2010.

The minister reviewed the results in a meeting with head of the EgyptAir Holding Company Ahmed Adel, who also presented a detailed report on the national air carrier's current and future plans and development demands, which include a plan to double the fleet, improve the customer service center, and update the website to comply with international standards

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