Air Transport World

Virgin Express. (Europe Report).(increase in profits)(Brief Article)

Virgin Express reported a net profit of [euro]410,000 ($438,125) for 2002, much improved over the [euro]130,000 earned in 2001. Revenue increased 7% to [euro]227.3 million and operating expenses rose 6.7% to [euro]224.7 million, mainly owing to a 29% jump in average sector length. Operating profits climbed 73.3% to [euro]2.6 million from [euro]l. …

Log in to your account to read this article – and millions more.