VLM Airlines yesterday reported a full-year profit of €3.2 million, a 143% increase over its 2005 earnings and its ninth consecutive year in the black. Revenue rose 12.5% to €99.6 million and operating costs climbed 10.9% to €95.3 million. VLM said it was able to offset rising fuel expenses with "a number of initiatives" including foreign currency hedging. Passenger numbers were up 9% to 681,751 and are forecast to grow to 900,000 this year. It is adding a 92-seat BAe ...

Subscribe to Access this Entire Article

"VLM profit more than doubles" 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.

Already registered? here.