VLM remains profitable
VLM Airlines reported its eighth consecutive annual profit, posting net earnings of €1.35 million ($1.6 million) in 2005, a 43% increase over 2004. Revenues rose 17% to €88.5 million and operating expenses climbed 16.5% to €85.9 million. Operating profit increased 42% to €2.5 million. At the end of...
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