Business
PALLAS: Revenue doubled but losses widened; liquidity and turnaround remain key challenges
PALLAS: Revenue doubled but losses widened; liquidity and turnaround remain key challenges
About this update from Pallas Air Plc
Revenue more than doubled to €8.3 million in 2024, driven by the full-year consolidation of Genano, but losses deepened to -€8.8 million and liquidity remains weak. A rights issue raised €2.2 million, and a turnaround is targeted for 2025.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.