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.
For the entire article visit http://www.finnair.com/news/2000/pr200008242.htm
Yay to Finnair, at least a few airlines are doing well, seems you mostly hear about airlines in the red and such...