Finnair reported a 2009 net loss of €102 million ($142.2 million), more than double the €46.3 million loss it suffered in 2008, citing a "historically difficult year" in which demand and yield plunged. President and CEO Mika Vehvilainen, who took over the carrier's helm on Feb. 1 (ATWOnline, Nov. 12, 2009), said last year "was made particularly difficult by a sharp fall in domestic demand as well as price competition due to overcapacity in the sector on many ...

Subscribe to Access this Entire Article

"Finnair annual loss doubles to €102 million" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.