LuxairGroup posted net income of €1.3 million ($1.6 million) in 2009, down from an €8.5 million profit in 2008, on an 8.1% drop in revenue to €382.7 million. "All LuxairGroup activities experienced daunting regressions in business and revenue" in 2009, President and CEO Adrien Ney said. "We [have] registered some stabilization and even a slight climb in early 2010, but this won't be able to bring us back to pre-crisis levels yet." He added that volcanic ash-related airspace closures "will certainly mark the 2010 balance sheet."
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