SN Brussels posts increased profits for 2004

SN Brussels Airlines' net profit rose 66.7% to €1 million ($1.3 million) in 2004 from €0.6 million in 2003. The company had forecast a €2.5 million profit for the year. "Given the dramatic increase in fuel prices and the highly competitive market environment, these results are encouraging," CEO Peter Davies said. "Although this is slightly below budget, we have created now a solid base for the further development of SN Brussels Airlines commercially, financially as well ...