Virgin Express Posts Wider Loss, Will Reduce Charters
Plagued by doubled fuel costs and an unfavorable exchange rate, Virgin Express Holdings posted a 1999 pre-tax loss of 5.5 million euros (US$5.2 million), compared with a 2.8 million euro loss in 1998. Even though revenues increased 12% for the year to 290.5 million euros, total operating expenses...
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