Czech Airport CEO discusses drop in profits, Czech Airlines

Prague Airport’s director Miroslav Dvořák has said the airport is expected to see a 5 percent drop in profit year-on-year. Last year, the firm posted a gross profit 1.7 billion crowns (the equivalent of around 94 million US dollars), but 2009 has seen a drop in the number of passengers as well as the number of transported goods. Speaking on Czech TV on Sunday, the CEO also discussed the troubled national carrier Czech Airlines, saying losses there were estimated at around 400 million crowns next year. He said that the carrier could post mild profits in 2011. Mr Dvořák was recently named CEO of Czech Airlines - in addition to his other post - to introduce cost-saving measures to try and turn the company’s flagging fortunes around.

Author: Jan Velinger