Finnair has confirmed it would raise its annual cost savings target by €30m to €170m ($205 million) as it reported further losses. The airline reported a quarterly operating loss of €149.1m versus a loss of €95.6m for the same period last year. With passenger numbers down 83% cargo accounted for more than 50% of the company’s revenue, Chief Executive Topi Manner said in a statement. Finnair expects a similar operating loss for the second quarter of 2021.

This content is restricted to site members.

If you are an existing user, please login below.
New users may register below.

Existing Users Log In