Finnair records losses, more cost cuts on the way

Finnair reported a net loss of EUR56.8 million in the first half, a 14.7% fall, as sharp cost increases neutralised revenue gains in the period. The Finnish flag carrier stated its performance on its key Europe-Asia routes have been strong, but ongoing uncertainty stemming from Europe's macroeconomic concerns and events in Japan, the Middle East and North Africa weighed heavily on the result.