Finnair warns crew strike will reduce revenue

HELSINKI — Finnair says that potential strikes by employees later this month would further weaken its full-year performance, causing an operational loss on top of a drop in revenue.

Last month, the Finnish national carrier warned that revenue this year would be below 2012 levels because of the uncertain economic climate in Europe and weaker growth in Asia.

Finnair says planned 13-day walkouts by cabin crews and other personnel to speed ongoing labor negotiations would “paralyze Finnair’s traffic almost completely,” resulting in revenue losses of at least 60 million euros.

Struggling against high costs and tough competition from budget airlines, Finnair PLC has embarked on several cost-cutting programs, including substantial job cuts.

The airline’s share price closed down more than 2 percent Wednesday at 2.73 euros on the Helsinki Stock Exchange.

More in Herald Business Journal

Snohomish County’s campaign to land the 797 takes off

Executive Dave Somers announced the formation of a task force to urge Boeing to build the plane here.

A decade after the recession, pain and fear linger

No matter how good things are now, it’s impossible to forget how the collapse affected people.

Panel: Motorcycle industry in deep trouble and needs help

They have failed to increase sales by making new riders out of women, minorities and millennials.

Costco rises as results display big-box retailer’s resiliency

Their model has worked in the face of heightened competition from online, brick-and-mortar peers.

For modern women, 98-year-old rejection letters still sting

In a stark new video, female Boeing engineers break the silence about past inopportunity.

Tax reform needs the public’s input on spending priorities

The GOP tax plan is a good idea, but the next step should give us a voice on how taxes are spent.

Commentary: GM, Boeing fight a war of words over Mars

Boeing is strongly signaling how crucial deep-space exploration is to its future.

Under cloud of ethics probes, Airbus CEO Enders to step down

He leaves in 2019 after 14 years. Meanwhile, aircraft division CEO Fabrice Bregier leaves in February.

$4.99 sandwich promotion irks some Subway business owners

Management insists that “most franchisees support the promotion.”

Most Read