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Sunday, March 21, 2010 6:37 PM

Jukka Hienonen

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Type: Person
Name: Jukka Hienonen
First Reported Oct 29 2009 - Updated Oct 29 2009 - 1 Documents
Finnair Oyj
Finnair Oyj

Finnair Q3 loss widens 15%

HELSINKI - FINLAND'S national carrier Finnair PLC reported on Thursday its third-quarter net loss widened by 15 per cent as the recession hurt demand, and said it 'still has a long way to go' before being competitive.The 20.7 million euros (S$42.85 million) ... [Published Oct 29 2009 by Straits Times]

Quotes

'Clearly lower demand for business travel and the consequent decline in the average price have cut revenues by more than a fifth,' Mr Hienonen said. "aircraft are flying with fairly reasonable passenger load factors, but the steep fall in the average price is eroding profitability."
Finnair Q3 loss widens 15% [Straits Times - Oct 29 2009]
...on Friday a switch into loss in the second quarter, blaming low fares and passenger numbers, and its chief executive announced his resignation. "i am not satisfied with the results achieved; the rate of change has been insufficient" Finnair's chief executive Jukka Hienonen said in a statement
Finnair reports loss, CEO resigns [AFP via Yahoo! - Aug 07 2009]

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