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Czech CSA shows $103 mln 6-month loss-website
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 idnes.cz 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, idnes.cz 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
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