CSA to end in red

08-11-2001

The Czech Airlines, CSA, expects to end this year in the red. CSA president Miroslav Kula said the company was certain to suffer a loss, the only question being how big. CSA has been losing millions of US dollars but Mr. Kula said it was very difficult to compensate for the revenue decline by further cost reductions as capacity remains the same while utilisation has decreased.