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 ...

Subscribe to Access this Entire Article

"Finnair downgrades earnings forecast on weak business travel" 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.