Atlantic Airways revenue down 26.5%, reports losses in 2009

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