Company Watch - Finnair.Oct 30, 2006 Finnair will take a [euro]7 million ($8.8 million) direct hit as the result of last week's flight attendant strike in addition to a [euro]3 million loss in future ticket reservations, the airline said yesterday. It now forecasts an operating profit Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. "clearly below" last year's [euro]81.9 million. "Our goal is to develop our Group structure towards profitability on the basis of the plans we have previously published. In administrative functions we have already implemented changes and last week we announced the outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. of our facilities management The management of a user's computer installation by an outside organization. All operations including systems, programming and the datacenter can be performed by the facilities management organization on the user's premises. services. Work on improving Finnair Technical Services efficiency is also ongoing," President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Jukka Hienonen Jukka Antero Hienonen (born on August 9, 1961) is a Finnish businessman. He is currently the CEO of Finnair, and a former Vice President of Stockmann. Hienonen lives in the city of Kauniainen with his wife and two daughters. He is fluent in Finnish, English, Swedish and Russian. said, adding that the economic effects of the structural change will be seen next year. "The continuation of a strong growth in our Asian traffic requires clearly higher profit levels in the future," he said. Oct 26, 2006 Finnair backs down, cabin staff strike ends. Finnair said Friday that it was returning to normal flight schedules "step by step" following a two-day strike by its cabin staff. Oct 23, 2006 Editor: Aram Gesar, eMail: edit@AirGuideOnline.com For more global news, reviews, features and analysis, please go to: http://www.airguideonline.com/onlinenews.htm To Subscribe to Verb 1. subscribe to - receive or obtain regularly; "We take the Times every day" subscribe, take buy, purchase - obtain by purchase; acquire by means of a financial transaction; "The family purchased a new car"; "The conglomerate acquired a new company"; our Newsletters: http://www.airguideonline.com/order_formsubs.htm#news To Advertise: advert@AirGuideOnline.com Oct 23, 2006 |
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