Airline

CityJet revenues up but heightened costs wipe out profit

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CityJet revenues up but heightened costs wipe out profit

Although Cityjet’s revenue for the 12 months to end of March rose 21% to €316m, exceptional costs of €26.6m last year contributed to pre-tax losses rising by 7% to €54.8m. The pre-tax losses included a €8.9m write-down in aircraft earmarked for disposal; a €15.4m write-down in a subsidia...

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