Crossair's full-year 1999 profit dropped 20% to 50.7 million Swiss (US$31.6 million) francs despite increased revenue and traffic. The carrier faced a "difficult environment" during the year and its results for the last two months were "well below expectations." As a result, the airline has launched a top-to-bottom review of its routes and plans to increase fares to cover its growing expenses. Earnings were lower due to higher fuel costs, an increase in the exchange rate against the ...

THIS CONTENT REQUIRES SUBSCRIPTION ACCESS

You must have an Aviation Week Intelligence Network (AWIN) account or subscribe to this Market Briefing to access "Crossair Restructures Route Network After Profits Fall 20 Percent".

 

Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.

 

Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.

Already registered? here.