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Czech Airlines predicts full-year profit

Czech Airlines recorded its best half-yearly results in a decade, showing a net profit of CZK72.4m (US$2.9m) for the first half of 2016. It did not give a comparative figure for the same period in 2015, but said its operating profit improved to CZK47.3m, compared to a loss of CZK154.1m for 1H 2015. Passenger numbers grew to just over 1m, compared to 903,000 for the same period a year ago. The airline carried an additional 200,000 passengers for other airlines to which Czech had leased its aircraft: “Our project in Saudi Arabia, where we operate flights for Saudia … is another factor contributing to the positive operating profit achieved,” Czech Airlines’ chairman said. <br/>