The ash cloud last spring cost the All Leisure Group £1.4m, the company has revealed.
It recorded a full-year pre-tax loss of £2.1m to the end of October. The previous year saw the company enjoy a profit of £2.7m.
Chairman Roger Allard has admitted the year was the worst for the company since it was listed.
He said the weak pound was hurting profit margins which was particularly tough to bear during this recession.
Today the company has announced that it will be adding a fuel supplement for customers travelling this summer which, it says, it has been forced to do in order to keep up with escalating oil costs.
by Dinah Hatch
