Czech Airlines posts US$9.4m profit for 2016
CSA Czech Airlines reported a 2016 net income of CZK241m (US$9.4m), up 8% from a CZK223m profit a year ago. “In 2016, all transport indicators grew, we launched 11 new routes, expanded our fleet by 1 ATR 72 aircraft and increased the number of flights year-on-year by more than 9%,” CSA chairman Jozef Sinčák said. Operating profit for the year totaled CZK285m, boosted by a 10% improvement in capacity utilisation, improved second-half demand in Russia and Ukraine, stronger load factors, cheaper fuel prices and stable year-on-year operating costs. In 2016, Czech Airlines carried 2.26m passengers on its scheduled services, up 13% year-on-year, as well as 444,000 passengers through aircraft leases to other airlines. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-03-08/sky/czech-airlines-posts-us-9-4m-profit-for-2016
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Czech Airlines posts US$9.4m profit for 2016
CSA Czech Airlines reported a 2016 net income of CZK241m (US$9.4m), up 8% from a CZK223m profit a year ago. “In 2016, all transport indicators grew, we launched 11 new routes, expanded our fleet by 1 ATR 72 aircraft and increased the number of flights year-on-year by more than 9%,” CSA chairman Jozef Sinčák said. Operating profit for the year totaled CZK285m, boosted by a 10% improvement in capacity utilisation, improved second-half demand in Russia and Ukraine, stronger load factors, cheaper fuel prices and stable year-on-year operating costs. In 2016, Czech Airlines carried 2.26m passengers on its scheduled services, up 13% year-on-year, as well as 444,000 passengers through aircraft leases to other airlines. <br/>
