Cityjet loses €51.5m as growth in passengers fails to generate recovery

DUBLIN-based airline Cityjet last year incurred substantial losses for the second year running with pre-tax losses last year of €51.5 million in spite of recording an increase in passenger numbers.

Accounts just filed by Cityjet Ltd to the Companies Office show the airline’s revenues decreased by 8% from €281.4m to €258.9m in the 12 months to the end of March last year.

The pre-tax loss of €51.5m follows the company recording a pre-tax loss of €63.9m in 2009.