CityJet profits rise as operations at London City Airport expand
02.07.07
CityJet, the Dublin-based airline owned by Air France-KLM, made a profit of €21.7 million last year, up by more than 25% higher than the previous year. Accounts just filed at the Irish Companies Registration Office show turnover at the airline grew by 18.5% to €242.1m in the year to end March 2006.
The airline, which runs services mainly out of Charles De Gaulle Airport in Paris, recently announced a huge expansion of its services that will see it operating more than 70 flights every day, with a particular focus on London City Airport.
The majority of its turnover is from flights originating in Europe. Turnover here was up from €155m in 2005 to €188m last year. Turnover from its Irish operations increased by €1.2m to €25.4m.
The company's recent focus on expansion from London City Airport appears to be paying off with turnover rising from €23.8m to €27.9m. CityJet has recently announced that it will be offering flights to Geneva, Madrid, Milan Linate, Nice and Zurich from London City.
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