Finnair reported a first-quarter profit of €5.5 million ($8.6 million), down 40.9% from the €9.9 million earned in the year-ago period, and warned that "difficult terrain" is ahead for the remainder of the year owing to high fuel costs. President and CEO Jukka Hienonen said the company's "balance sheet position is strong and our business is fundamentally in good shape," but added that "the high price of fuel and the uncertain outlook for the world economy raise question marks ...

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