The budget carrier said a series of “unforeseen challenges”, including tough competition, high fuel costs and issues with the Rolls Royce engines on its Dreamliners, had negatively impacted its results.
However, in a full-year trading update issued on Thursday morning (February 7), the airline said measures to address its financial stability would return the carrier to profitability this year.
These include optimising its bases and route structure, divesting aircraft, postponing aircraft delivery and internal cost reduction.
