VLM Airlines reported a net profit of €948,000 ($1.22 million) in 2004, up sharply over a net profit of €327,000 in 2003. Operating result for the 12-month period totaled €1.8 million, a 29.9% increase over an operating profit of €1.4 million in the prior year. "The results were heavily impacted by high fuel prices, but partially offset due to the stronger euro versus US dollar exchange rate. VLM Airlines is one of the only [full-service airlines] within Europe that ...

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