Spanair's Quick Response To Downturn Boosts Bottomline
Spanair turned a EUR30.7 million ($33.5 million) operating loss in 2001 into a 2.38 million profit last year. The pre-tax loss was EUR16.8 million, compared with EUR48.9 million a year earlier. The airline abolished its long-haul routes due to the recent traffic slump focusing on Spain and Europe...
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