newstodate.aero
AUG 20, 2003 (newstodate): In the first three months of its fiscal year, April-June, Finnair Cargo saw its turnover down by five percent, to euro 28.6 million.
-Finnair Cargo made an operational loss at 1.8 million euro, compared to last year's profits at 0.2 million, says Timo Riihim�kki, Finnair Cargo director cargo marketing.
No details on volumes were disclosed by the company.
According to Riihim�kki, the negative results reflect the capacity cuts introduced by Finnair in the wake of the SARS in the Far East, which is a key region in Finnair Cargo's market.
-The market demand was there, but the capacity was not, says Riihim�kki.
Finnair Cargo expects the volumes to pick up again from beginning of September, and Finnair's route network and frequencies in the Far East is now almost back to normal.
-Finnair Cargo made an operational loss at 1.8 million euro, compared to last year's profits at 0.2 million, says Timo Riihim�kki, Finnair Cargo director cargo marketing.
No details on volumes were disclosed by the company.
According to Riihim�kki, the negative results reflect the capacity cuts introduced by Finnair in the wake of the SARS in the Far East, which is a key region in Finnair Cargo's market.
-The market demand was there, but the capacity was not, says Riihim�kki.
Finnair Cargo expects the volumes to pick up again from beginning of September, and Finnair's route network and frequencies in the Far East is now almost back to normal.