Air Transport World

Virgin Express.(Europe report)(Brief Article)

Virgin Express posted a 19.6 million [euro] ($23.9 million) net loss for 2003, reversing a 0.4 million [euro] net profit in 2002. Annual revenue decreased 9% to 207.1 million [euro] and operating expenses declined 1% to 221.9 million [euro]. As a result, operating loss amounted to 14.8 million [euro] compared to an operating profit of 2. …

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