Pallas Air PlcOMXHEX: PALLAS

PALLAS: Revenue doubled but losses widened; liquidity and turnaround remain key challenges

· Issued by 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.

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