Operational loss for fourth quarter is €31.7 million
Finnair has swung back to a loss for the fourth quarter. Its recent turnaround appears to have lost momentum, hit by strike threats, a decline in leisure travel customers and a weaker Japanese yen, Reuters reports.
Finnair’s operational loss for the quarter was €31.7 million, which contrasts with a narrow profit of €100,000 for the same quarter a year earlier. Turnover was down 8.5% to €560.6 million.
“The factors contributing to the decline in turnover were lower euro-denominated revenue due to the depreciation of the Japanese yen, a contraction in leisure traffic and lost turnover arising from the strike threat,” the airline said in a statement.
[pictured: Airbus A340; courtesy Finnair]