Finnair: Return to profit possible in 2015

Finnair stated (14-Aug-2015) it expects its operational result for 2015 will be "around break-even or slightly positive." Finnair CEO Pekka Vauramo said: "While we cannot be satisfied with our loss-making result, our financial position and liquidity are very strong. Our long-haul fleet renewal, which will start this autumn, will significantly improve the cost-competitiveness and customer experience of our long-haul traffic. At the same time, we will continue to focus on increasing our revenue through, for example, ancillary services and product improvements in intercontinental traffic." Mr Vauramo added: "We are moving in the right direction and our strategy, which was updated in the spring, is clear. Our goal is profitable growth, which we will be better equipped to achieve once the Airbus 350 aircraft start joining our fleet later this year. They will enable the gradual growth of capacity and substantially reduce our fuel costs on long-haul flights." [more - original PR - English/Finnish]