Finnish carrier Finnair posts 1Q loss of euro19 million on 10 percent fall in revenue

August 24th, 2009 German bank IKB posts euro19 million Q1 net profitFRANKFURT — German lender IKB Deutsche Industriebank AG said Monday it returned to a net profit in its fiscal first quarter after booking big financial write-downs last year, though its loan loss provisions more than doubled during the beginning of its 2009 financial year. The Duesseldorf-based bank said its profit of euro19.4 million ($28 million) in its April-June fiscal first quarter compared with a net loss of euro517 million in the year-ago period.

August 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.

August 7th, 2009 Finnair reports 2Q net loss of euro26 millionHELSINKI — Finnair PLC on Friday saw 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 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.

August 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.

August 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.

August 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.

July 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.

July 23rd, 2009 JetBlue posts 2Q profitNEW YORK — JetBlue Airways Corp. said Thursday it posted a second-quarter profit as cost cuts and lower fuel prices balanced out declining passenger demand.

June 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.

June 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.

May 5th, 2009 Electronic Arts posts 4Q lossNEW YORK — Electronic Arts is reporting a smaller net loss for its fiscal fourth quarter, a period with few hit game launches. It also confirms its guidance for the current fiscal year.

May 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.

April 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.

April 23rd, 2009 Con-way posts $154 million 1Q lossSAN MATEO, Calif. — Trucking company Con-way Inc.

January 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.