Luxair reported a net profit of €5.5 million ($7.1 million) in 2005, down from earnings of €13.4 million in 2004, ending its "year of transition." Its airline unit lost €11.7 million, a deficit that was made up by its "booming" tour operation business and handling services unit. Luxembourg's flag carrier said the earnings decline largely was due to €15 million "taken as a provision to finance the social aspect of the ongoing restructuring program," dubbed Building a ...

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