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 ...

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