Czech Airlines saw a loss of 496 million crowns in 2005

The Czech national airline carrier, CSA, has announced a loss of 496 million crowns ($22.6 million USD) for 2005. This loss comes after a successful year in 2004, when the company registered a profit of 324 million crowns ($14.7 million USD). CSA says that shift comes as a result of record-high fuel prices and intense airline market competition. CSA President, Radomir Lasak, says that he is not expecting 2006 to be a profitable year either.