Airline trade group says US carriers' August revenue fell 21 percent from August 2008September 21st, 2009 Airline trade group says August revenue fell in USWASHINGTON — A U.S. airline trade group said Monday that its members' passenger revenue fell 21 percent in August over year-earlier results as carriers dropped prices by double-digit percentages and passenger volume continued to fall.
Finnish airline Finnair reports 2Q net loss of $37 million on 21 percent fall in revenueAugust 7th, 2009 Finnair reports 2Q net loss of $37 millionHELSINKI — Finnair PLC on Friday reported a second-quarter net loss of euro26 million ($37 million) as the airline's chief executive announced that he is resigning in what he called "crisis" conditions. President and CEO Jukka Hienonen said he is resigning because he is not satisfied with the pace of change in the airline during the current challenging times and partly blamed unions.
Finnish airline Finnair reports 2Q net loss of €26 million on 21 percent fall in revenueAugust 7th, 2009 Finnair reports 2Q net loss of €26 millionHELSINKI — Finnair PLC on Friday saw a second-quarter net loss of €26 million ($37 million) as the airline's chief executive announced that he is resigning in what he called "crisis" conditions. President and CEO Jukka Hienonen said he had reached the decision because he was not satisfied with the pace of change in the airline during the current challenging times and blamed unions for inflexibility.
Finnair CEO Jukka Hienonen resigns, dissatisfied with pace of change, uncooperative unionsAugust 7th, 2009 Finnair chief executive Hienone resignsHELSINKI — Finnair PLC president and CEO Jukka Hienonen says he is resigning because he is not satisfied with the pace of change in the airline during the current challenging times,
Hienone also blamed what he described as uncooperative unions. Hienonen, who has headed the Finnish national carrier since 2005, says "a clear change of course is required" and that "some personnel organizations have shown no willingness to adapt."
Finnair said Friday that Hienonen will continue as president and CEO until a replacement is found during his six-month period of notice.
Finnish paper maker UPM reports 2Q net loss of euro8 million on 23 percent fall in salesAugust 4th, 2009 Finnish paper maker UPM 2Q loss of euro8 millionHELSINKI — UPM-Kymmene Corp., the world's largest magazine paper maker, on Tuesday reported a second-quarter net loss of euro8 million ($11.44 million) as paper sales plunged due to poor demand in the recession. Revenue in April through June fell 23 percent to euro1.84 billion ($2.63 billion), from euro2.4 billion a year earlier.
Singapore Airlines posts first quarterly loss since 2003 as revenue plungesJuly 30th, 2009 Singapore Airlines posts first loss since 2003SINGAPORE — Singapore Airlines Ltd. posted its first quarterly loss since 2003 as tourism dropped and travelers sought budget carriers amid a global recession.
Finnair Plus internet shop a boon for frequent fliersJune 16th, 2009 HELSINKI - Finnair has become the first airline in the Nordic countries to open an internet shop, shifting Finnair Plus members' opportunities to use their frequent-flyer points into a new era, the airline said Tuesday. From the Finnair Plus Shop, members can buy products with Plus points alone, with cash, or with a combination of both.
Finnish railway unions to halt all passenger, cargo traffic in 1-day walkoutJune 12th, 2009 Finnish railway unions plan 1-day strikeHELSINKI — Finnish railway workers say they will halt all passenger and cargo traffic on Monday to protest the state-owned railway company's personnel policies and layoffs. Finnish rail VR says the one-day strike will affect some 200,000 passengers, including those traveling by rail to Russia and commuters in the capital region.
Indian wins Finnair prize for best vision of future flyingJune 10th, 2009 NEW DELHI - An Indian has won Nordic carrier Finnair's award for best envisaging how flying would look and feel like in the future, besting 1,000 competitors from around the world. The prize, Finnair tickets between Europe and Asia, was won by Dattatray Kuvalekar from India, the airline said in a statement here Wednesday.
Finnair to restart Mumbai operations from OctoberMay 3rd, 2009 NEW DELHI - Hoping for a revival of passenger demand, Nordic carrier Finnair has decided to restart its Mumbai operations from October even as it has inducted a new fleet of Airbus aircraft to operate on the Delhi-Helsinki-New York sector. The carrier had to recently cut back on its Mumbai-Helsinki operations due to a host of reasons, including the retirement of old aircraft and a general decline in passenger demand, said Kari Stolbow, director for the Indian subcontinent.
German airline Lufthansa reports first quarter net loss of euro256 millionApril 29th, 2009 Lufthansa 1Q net loss euro256 millionFRANKFURT — German airline Lufthansa reported a first quarter net loss of euro256 million ($339.6 million) Wednesday, as the economic crisis cut into global travel and freight volumes. Cologne-based Deutsche Lufthansa AG's loss for the January-March period compares with a net profit of euro44 million in the first quarter of 2008.
Finnish carrier Finnair posts 1Q loss of euro19 million on 10 percent fall in revenueApril 28th, 2009 Finnair posts 1Q loss of euro19 millionHELSINKI, — Finnair PLC on Tuesday reported a first-quarter net loss of euro18.6 million ($24.4 million) as turnover fell 10 percent, and warned it expects a full-year loss. The Finnish airline said sales fell to euro516 million ($677 million) in January through March, from euro573 million a year earlier.
Finnish carrier Finnair posts Q1 loss of euro19 million, warns of likely full-year loss tooApril 28th, 2009 Finnair posts Q1 loss of euro19 millionHELSINKI, — Finnair PLC on Tuesday posted a first-quarter net loss of euro18.6 million ($24.4 million) and warned that slumping demand will mean it will likely post a full-year deficit too. Last year, the national carrier made a euro3 million net profit from January to March.
McClatchy reports 1Q loss of $37.5M as fall-off in advertising takes results below estimatesApril 23rd, 2009 McClatchy reports wider 1Q loss of $37.5MSACRAMENTO, Calif. — The publisher McClatchy Co.
Finnair's Asian flights carried 1.3 mn passengers in 2008January 11th, 2009 HELSINKI - Nordic carrier Finnair's traffic grew in 2008 by 10 percent compared with the previous year, with Asian traffic alone growing by 16.5 percent, the airline said. The average revenue per passenger kilometre, however, fell last year by more than four percent due to lower airfares.
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