Martinair Holland Still Profitable, But Earnings Are Down
Martinair Holland reported yesterday its 35th straight profitable year, but the Dutch carrier's 1994 net earnings fell 35.5% to $28.8 million from $44.6 million the previous year. Revenues increased 1.5% to $575.8 million, and costs, including lease payments and depreciation, rose 1.3% to $518.8...
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