Ceske Aerolinie Has 2011 Pretax Loss on Fleet Lease, Fuel Costs

Ceske Aerolinie AS, the Czech state- run airline known as CSA, had a full-year pretax loss for 2011 as a result of costs linked to fleet leasing and higher oil prices.

The pretax loss for the twelve months ended Dec. 31 was 241.4 million koruna ($11.6 million) after a pretax profit of 76.2 million koruna a year earlier, the Prague-based carrier said in the statement.

To contact the reporter on this story: Lenka Ponikelska in Prague at lponikelska1@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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