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Atlantic Airways revenue down 26.5%, reports losses in 2009

8-Mar-2010 2:13 PM

Atlantic Airways revenue down 26.5% - financial highlights for the 12 months ended 31-Dec-2009:

  • Revenue: EUR54.1 million, -26.5% year-on-year;
  • Total operating cost: EUR48.2 million,
    • Labour: EUR13.4 million, -10.7%;
    • Fuel: EUR7.5 million, n/a;
  • EBITDA: EUR5.9 million, -49.4%;
  • Profit (loss) before tax): (EUR1.1 million), compared to a profit of EUR3.7 million in the previous corresponding period;
  • Net profit (loss): (EUR888,311), compared to a profit of EUR3.1 million in the previous corresponding period;
  • Passenger numbers: 316,860, -47%. [more]

*Based on the conversion rate at EUR1 = DKK7.44