Finnair Group on Friday unveiled a cost-cutting plan aimed at achieving annual savings of €80 million as it reported a first-period loss of €3.8 million ($4.8 million), reversing last year's March quarter profit of €12.2 million. Finnair said the "structural change to safeguard the profitability of all parts of the company" will result in elimination of approximately 670 jobs in MRO and administrative support, largely through early retirement and outsourcing. At the same ...

Subscribe to Access this Entire Article

"Bottom-line plunge prompts changes at Finnair" 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? ATWPlus@penton.com.

Already registered? here.