Fuel Prices, Competition Hurt Finnair Profits
Finnair's second-quarter net profit tumbled to EUR3.3 million (US$4.24 million) as high fuel prices and lower fares in the Scandinavian air travel market eroded the bottom line. Sales were up 5.4% to EUR494.6 million (US$635.3 million). The carrier's yield dropped 4.6% in the quarter, as low-fare...
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