Finnair hails record buoyant 3Q, launches further cost cuts

Finnair (AY) has reported a third-quarter net income of €50.8 million ($65.9 million), up more than 200% from a €1.9 million profit reported in the year-ago period. The airline said these best-ever results were largely attributable to increased turnover, a high load factor, improved unit revenue, and cost cutting. Turnover rose 7.1% to €650.3 million for the quarter, while expenses increased 3.3% to €603.5 million, producing an operating profit of €48.9 million, ...