Finnair is preparing to reduce capacity by about 2% initially due to the soaring cost of fuel and slowing demand and also may cut jobs, CEO Jukka Hienonen told Helsingin Sanomat. "If we have to make a reduction that equals the level of average overcapacity in Europe, 7%-10%, we will face staff cuts," he said. Finnair held talks with staff Tuesday regarding possible capacity reductions. Hienonen previously told ATWOnline that he is preparing the airline for what he considers to be an ...

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