Silverjet misses March profit target
UK all-premium transatlantic carrier Silverjet has missed its target of turning in an operating profit by the end of March, but insists that its financial figures are showing good signs of progress.
It admits that it was “not cash-generative” during March but says that, excluding its discontinued Flyjet operations, it posted its largest gross profit and smallest operating loss since the carrier began operating multiple aircraft.
“This is solid progress towards our objective of becoming profitable as quickly as possible in a difficult market,” says Silverjet chief Lawrence Hunt, pointing out that the airline is battling high fuel prices.
Silverjet, which uses Boeing&n
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