Finland Times

Sunday, 26 March, 2023
Home BUSINESSFinnair’s revenue to shrink in 2014
Tue, 03 Jun, 2014 12:17:46 AM
FTimes-STT Report, June 3
Finnair logo in its office at Helsinki-Vantaa Airport. Photo – Lehtikuva
National flag carrier Finnair has estimated that its turnover in 2014 will be significantly lower than that in the previous year.
The profit warning issued on Monday has been attributed to weaker than anticipated development of unit revenue.
Unit revenue in airline business translates to the revenue accrued by a company from a passenger flown a kilometre.
Finnair’s previous estimates had projected that its turnover would remain close to last year’s level.
The airline is also expected this month to come up with details of the measures it is considering to cut costs. The company also has plans to partially outsource its cabin crew.
Finnair may give a new full year profit forecast after it completes the cost-saving negotiations.
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