Small Planet Airlines revenue up 43% in 1H2012, 'expansion strategy has proven to be very effective'
Small Planet Airlines reported (10-Sep-2012) a 43% year-on-year increase in revenue in the first six months of 2012, including an 181% increase in the Poland market and a 25% increase in the Lithuania market. According to the carrier, its Poland activity “has already overtaken Italy this year” due to a 30% decline in holidaymakers in Italy and the cessation of OLT Express. The carrier also reports an average load factor of 90%. The carrier said its financial results for 1H2012 "indicate that our expansion strategy has proven to be very effective in significantly increasing the scope of our operations and driving us towards achieving our key objectives". The carrier, which operates in the Lithuanian, Polish, British, Italian and French markets, added two aircraft to its fleet so far in 2012. [more – original PR]