newstodate.aero
MAY 20, 2003 (newstodate): For Q1, Finnair's turnover was up 2.4 percent to 400 million euros. But due to increased costs, low demand and the ongoing price competition, the result after financial items was 14 million euros in the red.
-The airline industry, which had not yet fully recovered after the events of September 2001, has been hit hard by the tensions of the global situation. Demand made a downward turn at the same time as heated competition quickly crumbled airlines' profitability, says Keijo Suila, President and CEO.
Capacity in terms of ASK will be reduced by one per cent during April-September, but the number of flights will decline around seven per cent. The level of ASK will be affected by flights to Osaka, which begin in June, the additional Tokyo flights during the summer season, and by the service to Shanghai, which starts in September.
-The airline industry, which had not yet fully recovered after the events of September 2001, has been hit hard by the tensions of the global situation. Demand made a downward turn at the same time as heated competition quickly crumbled airlines' profitability, says Keijo Suila, President and CEO.
Capacity in terms of ASK will be reduced by one per cent during April-September, but the number of flights will decline around seven per cent. The level of ASK will be affected by flights to Osaka, which begin in June, the additional Tokyo flights during the summer season, and by the service to Shanghai, which starts in September.