CSA Czech Airlines, which plunged to a CZK496 million ($22.1 million) loss in 2005 from a CZK324 million profit the year before (ATWOnline, June 7), yesterday unveiled a three-year plan to return to profitability dubbed "OK 06-08" that will include a 10%-20% workforce reduction, "especially in administrative positions." President Radomir Lasak said, "An immediate change to internal procedures and business practices is critical to the future of Czech Airlines," adding that "CSA will not ...

Subscribe to Access this Entire Article

"Printer-friendly" 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.