8-Mar-2010 2:13 PM
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