Air Transport World

Finnair.(2nd-quarter earnings)(Brief Article)

Finnair reported a 5 million [euro] ($5.6 million net loss for the quarter ended June 30, a reversal from net income of 19.5 million [euro] last year, largely owing to "the double blow of Iraq and SARS," according to President and CEO Keijo Suila. Turnover plummeted 14.2% to 366.1 million [euro]. The carrier managed to clip operating costs 5.7% to 382.9 million [euro]. As a result, operating loss totaled 5.5 million [euro] compared to an operating profit of 30.2 million [euro] last year.

For the six months ended June 30, the airline reported a net loss of 14.9 million [euro] compared to income of 15. …

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