Tourism Industry News

Czech CSA shows $103 mln 6-month loss-website

24/08/2009 15:26

Czech Airlines (CSA) showed a net loss of 1.83 billion crowns ($102.8 million) for the first six months of the year, almost double what was expected by the company, news website reported on Sunday.


Sales at the state-owned air carrier, slated for privatization later this year, fell by 1.5 billion crowns year on year to 9.5 billion crowns, the site said, citing CSA in-house documents it had acquired.


The results were affected by a 9.7 percent drop in annualpassenger numbers and a decline in ticket prices caused by the economic downturn.

CSA should officially report its earnings on Wednesday, said. Air France-KLM (AIRF.PA) withdrew its bid for CSA last week citing the impact of an economic crisis on the airline industry.


A single bidder, a consortium of Czech companies Unimex and Travel Service (ICEAIR.IC), is left in the tender, with the final bid due by Sept 30.  ($1=17.80 Czech Crown) (Reporting by Jana Mlcochova; editing by Gunna Dickson).


Get the full story at: Reuters




See Also Other News

Travel Marketing

05/10/2011 17:33

Optimising QR Codes for hotels

Bar codes are not new technology, but they can be an incredibly effective way of...
18/07/2011 13:56

St. Kitts Tourism Authority Launches New Branding, Website

The St. Kitts Tourism Authority introduced new branding and a new website. The country’s...

Hotel Marketing

05/10/2011 17:27

American Hotels Embrace Chinese Business Travelers

Earlier this year, some 14,000 members of Amway China arrived in waves of 2,800 each for...
18/07/2011 14:01

Top 10 trends for the boutique hotel sector

Delegates at the inaugural Boutique Hotel Summit, Europe's first b2b conference for the...

Travel Industry

05/10/2011 17:40

Antigua’s Tourism Partners with GARD Center

The Ministry of Tourism has joined with the Gilbert Agriculture & Rural Development...
18/07/2011 13:58

Brazilian Tourists Spending Time, Money in Florida

On her first big trip away from her home and parents in Brazil, 14-year-old Juliana...

Search site