Cimber Sterling on Tuesday issued a profit warning and said it needs to strengthen its capital base “due to the continued surplus capacity in the airline industry and the resulting low profitability.” The Danish carrier now expects to report an operating loss before special items for the 2010-11 fiscal year ended April 30 in the range of DKK190-DKK200 million ($36-$38 million) (ATW Daily News, March 2, 2010). The adjustment follows a previous lowering of its guidance in March ...

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