newstodate.aero
Nov 13, 2008 (newstodate): Defying the industry's universal laments over financial crisis, worsening world economic outlook and high fuel costs, Czech carrier CSA remains upbeat about its positive performance in 2009.
During this year's first nine months, CSA more than doubled its pre-tax profits to USD 22.051 mio, which constitutes a year-on-year increase of more than one third.
Operating income also increased due to lower costs, which are growing more slowly than income, and which managed to offset the increase in the price of fuel and increased financial expenses, including exchange rate losses, on hedging, due to the crisis on financial markets.
In the first nine months of 2008, CSA carried 4.4 mio passengers as well as over 15,000 tonnes of cargo and post.
During this year's first nine months, CSA more than doubled its pre-tax profits to USD 22.051 mio, which constitutes a year-on-year increase of more than one third.
Operating income also increased due to lower costs, which are growing more slowly than income, and which managed to offset the increase in the price of fuel and increased financial expenses, including exchange rate losses, on hedging, due to the crisis on financial markets.
In the first nine months of 2008, CSA carried 4.4 mio passengers as well as over 15,000 tonnes of cargo and post.