Finnair: First Annual Profit in Four Years
by feryomaha
Finnair’s departing CEO Mika Vehvilainen will leave the flag carrier in stronger financial health than when he took over four years ago, but he will also be leaving his successor the toughest part of the turnaround: finding partners. The airline posted its first annual profit in four years on Friday but is still far from stable and needs to share costs on its unprofitable European short-haul flights in order to focus on more profitable long-haul, analysts said. “Cutting costs in […]
