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 ...


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