newstodate.aero
FEB 15, 2005 (newstodate): In 2004 Norwegian-owned, Copenhagen-based Sterling Airways saw its passenger volumes increasing by 36.4 percent, and reached a turnover at DKK 1.6 billion.
Even so, the low fare carrier ended up with a deficit at DKK 119.3 million.
The airline cites strong competition and excess capacity in the market, extra fuel costs, and a loss due from its fuel hedgings due to falling dollar rates as the three main reasons for the red figures.
By the end of 2004, Sterling operated a total of 10 Boeing 737-800 aircraft, compared to eight one year before.
Sterling's cooperation with Norwegian low cost operator Norwegian has added Algarve, Edinburgh and Budapest as new Sterling-destinations, while Norwegian has gained routes to Copenhagen, Malaga and Barcelona to its route network.
Even so, the low fare carrier ended up with a deficit at DKK 119.3 million.
The airline cites strong competition and excess capacity in the market, extra fuel costs, and a loss due from its fuel hedgings due to falling dollar rates as the three main reasons for the red figures.
By the end of 2004, Sterling operated a total of 10 Boeing 737-800 aircraft, compared to eight one year before.
Sterling's cooperation with Norwegian low cost operator Norwegian has added Algarve, Edinburgh and Budapest as new Sterling-destinations, while Norwegian has gained routes to Copenhagen, Malaga and Barcelona to its route network.