Mounting losses force EgyptAir to scale back flights, review expansion plans

June 8, 2014 11:30 am

EgyptAir has said it will scale back its flight frequencies to focus on the most viable connections, and will review plans to order more planes as losses mount, Bloomberg has reported. The reductions will amount to 10 % of capacity on its network, and Egypt Air will concentrate on profitable routes in the Middle East, EgyptAir Holding CEO, Sameh El Hefny said at the annual meeting of the International Air Transport Association in Qatar. The state-owned carrier had previously said it plans to have a fleet of 125 planes by 2025, Hefny said. The airline has a fleet of 81 aircraft, and its biggest market is Saudi Arabia.