Island Aviation incurs MVR24.7 mil loss in Q4 2021

Island Aviation Services (IAS), the state-owned enterprise which manages the national airline, Maldivian incurred a net loss of MVR24.7 million in the last quarter of 2021.

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Island aviation Maldivian

Mohamed Rehan

2022-06-15 19:11:42

Island Aviation Services (IAS), the state-owned enterprise which manages the national airline, Maldivian incurred a net loss of MVR24.7 million in the last quarter of 2021.

The state-owned enterprise reported a total revenue of MVR425 million for the review quarter indicating a growth of 30 percent and 116 percent compared to Q3 2021 and Q4 2020 respectively.

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