FAR EAST ROUTES HELP MARTINAIR TO INCREASED PROFIT
- Latest News
- Thursday, 27 July 2006
This represented an improvement of €4 million in comparison with 2004 (net profit of €10 million*).
In 2005, operating profit amounted to €22 million (2004: €19 million). And net revenues totalled € 1,121 million, close to 17 per cent more than in 2004 (€961 million).
Cargo revenues increased by 16 per cent to €706 million (2004: €606 million). Cargo volume grew by 5 per cent to 3,518 million ton/kilometres (2004: 3,363 million). Growth was achieved on routes to the Far East and North and South America. By contrast, traffic to Africa decreased. Passenger revenues rose by 18 per cent to €342 million (2004: €290 million). Volume grew by 14 per cent to 9,095 million seat/kilometres (2004: 7,950 million). Growth was achieved largely on routes to the new long-haul destinations of Tobago, Kenya, Thailand, Sri Lanka and the Maldives and by expanding services to Mexico, the Dominican Republic and Cuba.
The airline also confirmed plans to replace its B 747-200 fleet with B747-400 Boeing Converted Freighters (BCFs) by the end of 2006.
* With retroactive effect from January 1, 2004, Martinair has applied new International Financial Reporting Standards (IFRS). Application of these standards produces a net profit of €10 million for 2004 instead of €13 million as reported in the annual report for 2004.
