CAC IAANZ loss

[IndiaAlphaAlpha]

Hi All

Great site. I've been following it for a while but finally decided to join after I read something interesting the other day that I thought I'd share here etc.

Is anyone else aware of the huge huge loss CAC made last year?? The AGM is coming up and the finacial report for the last year makes grim reading. The year before they reported a profit of over $750k, this finacial year it's a loss of more than $150k. Thats actually a loss of over $900k in 1 year. Sheesh!!!!

[Syncop8r]

I think I also read that flying hours were well up on previous years.... I'll have to read the report again.

[IndiaAlphaAlpha]

Strange, the CAC Flyer said that flying hours were well down for the same period last year. Mainly due to the weather I understand.

[Syncop8r]

Well something was up.
I just can't remember what.