PET AIRWAYS Despite a 49% jump in revenue to $392,000, the US airline which caters exclusively for pet transportation saw first quarter pre-tax losses grow more than seven times to $1.6 million as operating costs surged from $191,000 to $998,000. The Beechcraft 1900 operator lost $4.1 million in the full-year 2010 and $1.2 million in 2010 but expects to break even on a cash basis in late 2012. CEO Dan Wiesel described the results as "a solid start to 2011".
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Source: Flight International
