, celebrating its 40th birthday this year, achieved its 28th consecutive annual profit with a net result of €11.1 million ($14.1 million) for the financial year ended March 31. This compares to a net profit of €13.6 million in FY05, the 18.4% decline owing to a switch to EU-IFRS accounting standards. Revenues rose 15% to €597.1 million and operating costs increased 16% to €573.5 million. Cost per seat grew 6%, driven largely by fuel. Operating profit at ...

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