{"id":637676,"date":"2017-11-22T03:54:34","date_gmt":"2017-11-22T03:54:34","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/22\/egyptair-will-make-a-profit-this-year-chairman-says\/"},"modified":"2017-11-22T03:54:34","modified_gmt":"2017-11-22T03:54:34","slug":"egyptair-will-make-a-profit-this-year-chairman-says","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/22\/egyptair-will-make-a-profit-this-year-chairman-says\/","title":{"rendered":"EgyptAir will make a profit this year, chairman says"},"content":{"rendered":"

<\/a> EgyptAir will swing to a profit this year, buoyed by an increase in passengers <\/strong>and cost cutting<\/strong>, Chairman Safwat Musallam said, according to Reuters<\/a>. \u201cThis year the company will transfer from a loss,\u201d Musallam told the newswire, but declined to say how much EgyptAir is projected to make or to mention the loss recorded last year. The national flag carrier will be flying nine mn passengers this fiscal year, up from eight mn a year earlier. Musallam also noted that EgyptAir is dropping unprofitable routes and reducing workforce by up to 500 employees or 10% by not replacing staff who resign. Besides signing agreements to buy new planes, EgyptAir is also planning to \u201cretire 30 aircraft, including its older Airbus A320 and A330s and its Embraer jets.\u201d<\/p>\n

We\u2019re going to sit here and quietly cheer the national flag carrier. <\/strong>Yes, the food is mediocre at best \u2014 so are the eats on every other airline, at least in business class. But we\u2019ve generally found the staff professional, cheerful and sometimes even fun, the aircraft well-maintained, and their routes into and out of CAI can\u2019t be beaten (and that\u2019s before you factor in their price advantage).<\/p>\n","protected":false},"excerpt":{"rendered":"

EgyptAir will swing to a profit this year, buoyed by an increase in passengers and cost cutting, Chairman Safwat Musallam said, according to Reuters. \u201cThis year the company will transfer from a loss,\u201d Musallam told the newswire, but declined to say how much EgyptAir is projected to make or to mention the loss recorded last […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-637676","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"b75af733-b9c1-48b4-a66e-8558d76631c4","order":"0","is_powered_by":true,"section_story_id":"391db8a4-553c-4131-95ea-19837d7caa75","story_type":"1","photo_url":"","photo_position":"above","related_issue":[637666],"teaser":"","voice_url":""},"yoast_head":"\nEgyptAir will make a profit this year, chairman says - 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