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Albastar Suspends Flights: What Happens to the Mallorca Airline and the €15 Million

Why Revenue Alone Could Not Show Albastar’s Financial Health

Albastar’s 2024 revenue did not tell the whole story: the airline also reported negative equity and substantial liabilities.

Published: November 12, 2026
Albastar Suspends Flights: What Happens to the Mallorca Airline and the €15 Million

Answer

Did Albastar’s high revenue mean the Mallorca airline was financially secure?

No. Albastar reported revenue of just under €100 million in 2024, but also had negative equity of €19.69 million and liabilities of €43.61 million. Revenue does not show how much cash is freely available after costs, debt and other obligations.

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