Finnair President and CEO Jukka Hienonen announced his resignation Friday after the airline posted its fourth consecutive quarterly net loss, a €26.1 million ($37.5 million) second-quarter deficit that reversed net income of €13.4 million in the year-ago period. "I am not satisfied with the results achieved. The rate of change has been insufficient," Hienonen said in explaining why he is leaving, adding that "some personnel organizations have shown no willingness to adapt" to ...

Subscribe to Access this Entire Article

"Finnair CEO announces resignation after fourth straight quarterly loss" 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.