Air One suffered a 62.5% decline in full-year earnings to €6 million ($8.1 million), compared to a 2005 profit of €16 million that was boosted by €14 million in special gains, according to a statement cited by AFX News. The Italian carrier's operating profit soared 76% to approximately €26 million on a 24% rise in sales to €611.5 million. "The strategic choices undertaken, including the expansion of the network at the international level and the renewal of the ...

Subscribe to Access this Entire Article

"Air One full-year earnings fall despite operational improvement" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.