CSA Czech Airlines suffered a $99.6 million loss in the first half of 2009 under international accounting standards and confirmed yesterday that it will reduce both its fleet and its workforce as it seeks to return to profit next year. The carrier reported a pre-tax profit of CZK500 million ($28.2 million) in 2008 but has failed to weather the industry crisis, suffering a drop in passenger demand that led executives to contemplate the cuts three weeks ago (ATWOnline, Aug. 6). Yesterday, CSA ...
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