EgyptAir targeting improved full-year profits; no LCC plans yet, as new entrants increase pressure

EgyptAir Holding company Chairman and CEO, Hussein Massoud, stated the carrier plans to increase full-year profits by nearly a third, commenting that the carrier is currently “making a profit", and adding: "We are planning to see more this year”. The company is targeting a USD132 million profit in the 12 months to Jun-2011, a 31% year-on-year increase.

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