Czech Airlines posts profit second year in a row


Czech Airlines, the national air carrier, has reported a profit for the second year in a row, following years of financial losses and austerity measures, the news site idnes reports, noting that private capital clearly benefitted the airline. The airline reports progress in all areas – a higher number of passengers, 11 new air-links and an increase in the number of flights by 9 percent as compared to the previous year. Its 2016 profit of 241 million crowns is an eight percent increase year-on-year. Korean Air acquired a 44 percent stake in Czech Airlines in 2013.