ČSA posts profits of 200 million for 2007, but losses for the first third of this year

05-06-2008

The national air carrier ČSA made a profit of 207 million CZK (13.1 million USD) in 2007, a figure over 100 million crowns higher than was previously announced. Representatives of the firm made the definitive announcement about last year’s profit at a press conference on Thursday, adding that for the first four moths of this year, the company was 400 million crowns in the red. Last year, the firm invested in new aircraft to the tune of 1.4 billion CZK, it also paid back loans worth over 1 billion crowns. This year’s profit is projected to be 100 million crowns, delegates of the airline announced on Thursday.