Virgin Express Losses Continue On Higher Costs, Lower Load Factors
Virgin Express posted a second quarter 6.4 million euro (US$5.8 million) loss due to a strong U.S. dollar, compared with the euro, and soaring fuel prices. The airline posted a EUR3.3 million profit in the same 1999 period. Scheduled revenues grew 15%, while overall revenue grew only 2% to EUR79.9...
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