Czech Airlines in profit for first time in three years

Czech Airlines is in the black for the first time in three years. The president of CSA, Radomir Lasak, told reporters on Tuesday that the airline had made a profit of over CZK 550 million in the first three quarters of this year. Mr Lasak said much of the profits in the first nine months of 2007 were down to the sale and leasing back of five Boeing planes, though he said the Czech national carrier would have gone into the black even without that deal.