Finnair (AY) downgraded its full-year profit guidance Thursday, predicting the 2011 second half will be “slightly negative,” owing to weak business travel. It had expected to return to profitability by the end of 2011.
Finnair A330-300. By Rob Finlayson Finnair (AY) downgraded its full-year profit guidance Thursday, predicting the 2011 second half will be “slightly negative,” owing to weak business travel. It had expected to return to profitability by the end of 2011. Even though preliminary third-quarter results look positive, estimates indicate that fourth-quarter results will be “weaker than expected,” the company said. AY predicted year-over-year revenue growth in 2011 ...
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