Finnair has recorded a substantially larger loss for 2014 compared to the previous year, despite exceeding its target in a major cost reduction program. The Finnish flag carrier posted a net loss of €82.5 million ($93.2 million), widened from a deficit of €22.9 million in 2013. Revenue, at €2.28 billion, was 4.8% down on 2013’s figure of €2.4 billion. Capacity dropped 0.9%, while passenger load factor rose 0.7% to 80.2% CEO Pekka Vauramo said weakness in the Finnish ...

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