Finland flag carrier Finnair has launched a new €20 million ($22.5 million) cost-savings program after reporting a €1.1 million second-quarter net loss, an 82% improvement on the €6 million loss it posted in the year-ago period. “Because of changes in market conditions, we are launching a cost efficiency program,” Finnair CEO Pekka Vauramo said on the airline’s second-quarter earnings call. “Compared to what we have had in the past, our target is much, ...

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