VLM Airlines reported net income of €3.6 million ($5.5 million) for 2007, up 13.3% over €3.2 million earned in 2006 and the regional's 10th consecutive profitable year. Revenue rose 12.6% to €112.5 million while expenses increased 11.6% to €106.8 million, producing operating income of €5.7 million, up 33.9% over €4.3 million the previous year. VLM noted that it has "almost doubled in size over the last five years" and conceded that its larger size poses ...

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