newstodate.aero
Jun 8, 2006 (newstodate): 2005 was a bad year for the Czech airline CSA that reports a loss of CZK 496 million.
CSA's total operational income in 2005 was up 12 percent, y-o-y, but was overtaken by a 21.4 percent increase in total operational costs.
A major reason for the airline's poor performance was the ambitious program to increase the aircraft fleet by 45 percent. This increased CSA's transport capacity by 59 percent; however, the company was not ready for it business-wise, says the company in a statement.
Among the carrier's aircraft commitments are orders for six A320 and six A319 aircraft, and seven ATR 42-500.
CSA's total operational income in 2005 was up 12 percent, y-o-y, but was overtaken by a 21.4 percent increase in total operational costs.
A major reason for the airline's poor performance was the ambitious program to increase the aircraft fleet by 45 percent. This increased CSA's transport capacity by 59 percent; however, the company was not ready for it business-wise, says the company in a statement.
Among the carrier's aircraft commitments are orders for six A320 and six A319 aircraft, and seven ATR 42-500.