cargolux association of european airlines yearbook 2001 avenue louise 350 b 1050 brussels tel 32 2 639 89 fax 99 e mail aea secretariat be ______________ adria airways aer lingus air france malta alitalia austrian british bmi midland croatia csa cyprus finnair iberia icelandair jat klm lufthansa luxair malev olympic sabena sas spanair swissair tap portugal tarom turkish dear reader the welcome once again to world regular readers will find some familiar messages and new ones but underlying everything is a simple truth airline business dynamic industry operating in challenging environment pages which follow provide detailed analysis year demand remained as strong ever yet we were unable turn this vote confidence for our product into sustainable financial results according preliminary figures every hundred dollars revenue last kept only twenty cents profit did with load factors at an all time high seat occupancy rate 2000 was 73 5 us