Here are Thomas’s preliminary comments ahead of Pallas Air’s H1 result on August 31st. ![]()
Pallas Air will release its H1 report on Monday, August 31st. We expect the company’s revenue to have decreased from the comparison period due to the wind-down of the face mask business. We expect profitability to have improved from the weak level of the comparison period, supported by efficiency measures implemented by the company, but to have remained clearly loss-making. Our attention in the report will be focused particularly on the company’s extremely tight financial position, the progress of the new strategy, and the impacts of exiting the face mask business.