Cityjet posts pre-tax losses of €208.9m

Exceptional and redundancy costs totalling €185m contributed to Dublin- based airline, Cityjet last year recording pre-tax losses of €208.9m.

The airline’s parent Air France KLM is currently in advanced negotiations to sell the airline off to a third party and new accounts for Cityjet Ltd show that the airline recorded revenues of €260.2m in the 12 months to the end of December last.

This represented a 9% increase on the €238m in revenues recorded for a nine-month period to the end of December 2011.