For the year ended March 31, 2018 the Operating revenue increased by 3.0% from Eur 494.8 million to Eur 509.6 million.
The operating expenses increased by 3.9% to reach Eur 464.7 million mainly on account of increased level of operations, and rising fuel prices.
The EUR/USD exchange rate moved from 1.07 on 01 April 2017 to 1.23 on March 31, 2018. This has mitigated the fall in the operating profit from Eur 23.1M to Eur 18.5 million but has also resulted in higher net finance costs of Eur 12.6 million. For the year ended March 31, 2018, the Group and the Company recorded profits of Eur 4.9 million and Eur 4.5 million respectively as compared to profits of Eur 27.6 million and Eur 26.9 million for the previous year.
The number of passengers carried went up by 5.8% to reach a record level of 1,694,956 and the number of seats offered increased by 5.9%. The Passenger Load Factor slightly decreased from 79.6% to 78.9% and the passenger yield witnessed an erosion of 4.1%.