Czech Airlines has almost 500 miliards loss

496 milliards Czech crowns is a loss of CSA from last year. It was expected 521 millions profit.

The trade union says that a principal is management led by Jaroslav Tvrdik, former Minister of the Defence. He was to CSA instituted by CSSD Party during their Government. Interesting is that Ministry of the Defence was led excellently by Tvrdik.

But there is more factors causing a CSA loss. It was extremely fast raising cost of the oil and strong competition. Nevertheless wrong business decisions has a share on the loss too.

New chief manager is Radomir Lasak, who is preparing CSA to privatisation.

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