Company Watch - Finnair.Aug 13, 2007 Finnair is "heading in the right direction," according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. 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. , as the carrier yesterday reported a second-quarter profit of [euro]25.8 million ($35.5 million) that compares to [euro]0.4 million in earnings during the year-ago period. It continues to expect a full-year operating result (EBIT EBIT See: Earnings Before Interest and Taxes EBIT See earnings before interest and taxes (EBIT). excluding capital gains and changes in the fair value of derivatives derivatives In finance, contracts whose value is derived from another asset, which can include stocks, bonds, currencies, interest rates, commodities, and related indexes. Purchasers of derivatives are essentially wagering on the future performance of that asset. ) of more than [euro]70 million. It reported an [euro]11.2 million profit on a similar basis last year. Aug 10, 2007 Finnair second-quarter revenue rose 8.8% to [euro]538.1 million and while expenses climbed just 3.1% to [euro]512.2 million, lifting operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. to [euro]37.1 million from [euro]5.5 million in the year-ago period. Traffic in RPKs fell 13.9% against a 15.3 rise in capacity that dropped load factor 0.9 point to 74.6%. Unit revenue fell 0.3% but yield per passenger increased 9.8%. It said growth in demand is "expected to continue strongly" on both European and Asian routes. Six month profit of [euro]35.1 million compares to a [euro]3.6 million loss in the first half of 2006. Aug 10, 2007 Asian Demand Boosts Finnair July Traffic. Finnish national carrier Finnair's total passenger traffic increased sharply in July, boosted by continued strong growth in demand for flights to Asia as well as within Europe, it said on Tuesday. Finnair's total revenue passenger kilometres (RPKs) rose 16.5 percent to 1.84 billion in July from the previous year, after an 18 percent climb in June, the company said in a statement. Demand increased around 30 percent in both European and Asian traffic. The carrier's overall passenger load factor fell 2.5 percentage points to 79.7 percent due to new route openings in Asian traffic, Finnair said. For scheduled traffic, Finnair's RPKs were up 24.9 percent and its scheduled load factor was 79.1 percent, down 1 percentage point year-on-year. The airline is due to report its second-quarter earnings on August 9. Aug 7, 2007 Finnair has eight Airbus A330/340s plus four options, 11 A350 XWBs and six Embraer E-190s still on order. Seven MD-11s have been sold to Aeroflot Cargo and will be transferred in 2008-2009. It also warned that six of its seven labor agreements are set to expire expire /ex·pire/ (ek-spi´er) 1. to exhale. 2. to die. ex·pire v. 1. To breathe one's last breath; die. 2. To exhale. at the end of the current quarter. Aug 10, 2007 Editorial eMail: edit@AirGuideOnline.com For Air Transport & Travel Business Experts contact our Director of Content Aram Gesar eMail: bizintel@AirGuideOnline.com For more global news, reviews, features and analysis, please 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 AirGuideFlightTracker is a new service that keeps travelers informed on flight and airport status via the Web. For more go to http://www.airguideonline.com/airline_tracker.htm Copyright [c] 2007 Pyramid pyramid, structure pyramid. The true pyramid exists only in Egypt, though the term has also been applied to similar structures in other countries. Egyptian pyramids are square in plan and their triangular sides, which directly face the points of the Media Group / Air Travel Media. All rights reserved. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion