OH-LGA From Denmark, joined Oct 1999, 1436 posts, RR: 19 Posted (13 years 11 months 5 days 2 hours ago) and read 1037 times:
Just read this Finnair press release and was extremely surprised considering what they've had to go through (ATC strike, other possible strikes) that their profit doubled over the previous reporting period. Clippings of the press release:
Profit earned by Finnair Group during April – June 2000 was almost twice than that recorded during the corresponding period of the previous year. The result before taxes was EUR 57.1 million, having been EUR 30.3 million the year before. Turnover grew by 2.9 per cent from the previous year and amounted to EUR 414.2 million. The positive trend in yield continued during the first quarter of the financial year.
"We are naturally satisfied that the turn for the better which began in the autumn of 1999 continued during the period April - June. We have adjusted our production capacity to better correspond to healthy demand, which is visible in the growth in yields. The positive trends for Business Class and cargo are particularly pleasing," says Finnair President and CEO Keijo Suila.
Group operating costs fell by 0.4 per cent, despite the rise in fuel costs of 53 per cent compared with the previous year.
747firstclass From , joined Dec 1969, posts, RR:
Reply 1, posted (13 years 11 months 5 days 2 hours ago) and read 1029 times:
I was glad to read about it. I flew them in June from JFK-Helsinki roundtrip. The plane was full and the service was wonderful.Yesterday I read about the profit LH made recently. Both LH and finnair are in alliances with US carriers, wonder how much this affects their profits. A great deal i suppose. Too bad BA cant see the forest for the trees and get an effective alliance. They are too blindsighted in protecting fortress Heathrow. in the meantime i hope the profits of AF, Finnair, and LH just keep gewtting larger and larger. Nice job Finnair.
Blink182 From Azerbaijan, joined Oct 1999, 5480 posts, RR: 15
Reply 2, posted (13 years 11 months 5 days 1 hour ago) and read 1022 times:
finnair-congrats!i wonder if Oneworld had any to do with it and many european airlines are making profits,if only BA would give up a slot or two at LHR,their profit could be bigger. anyway congrats to finnair!
Give me a break, I created this username when I was a kid...