Air Transport World

Finnair blamed increased costs, low demand and fare competition for a pre-tax loss of [euro]14 million ($16.3 million) in the first quarter to March 31. (Europe Report).(Brief Article)

Finnair blamed increased costs, low demand and fare competition for a pre-tax loss of [euro]14 million ($16.3 million) in the first quarter to March 31, widened from a loss of [euro]4.7 million in the year-ago period. First-quarter turnover rose 2.4% to [euro]400.3 million. Operating losses, excluding capital gains, reached [euro]27 million compared with [euro]3. …

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