Sun, Nov 22 2009
Spanish low-cost airline Clickair has scrapped plans to introduce a regular Sofia-Barcelona flight as part of its cost-cutting push, daily El Pais reported on February 4.
Clickair, partially owned by Spanish national flag carrier Iberia, has dropped a total of eight routes to trim down its flight schedule, choosing to concentrate on its more profitable flights.
Although the Spanish firm has not disclosed its financial data for 2007, it has performed "significantly worse" than expected, El Pais said.
Several low-cost carriers have included Bulgaria in their aggressive expansion plans in recent years, but Clickair, facing strong competition at home and looking to take over a domestic competitor, is one of the first to roll back its plans concerning Bulgaria.
Strong public opposition to price hikes prompted Prime Minister Boiko Borissov to axe the Finance Ministry proposal to increase the excise duty on spirits, but MPs have put it back on the agenda.
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The two telecoms, both set up to challenge former fixed-line state monopoly BTC, will merge operations and expect to report 20 million euro in revenue and a gross profit of five million euro in 2010.