Business: Good week - Bad week

Good Week

© Airbus

FINNAIR Pilots called off a strike that cancelled hundreds of flights after accepting a new collective agreement that the carrier says will achieve "acceptable" flightcrew cost savings and give it "flexibility" to develop its route network, but it is unclear whether this means the carrier will have freedom to pursue outsourcing of flight services, a central point of contention. Under the agreement, the carrier will implement a 5% wage reduction and seek a 13% cut in unit costs.

 

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Bad Week

© Airbus

EASYJET High fuel costs and lower interest income hit full-year pre-tax profits at the UK budget carrier, whose bottom line dropped 65% to £43.7 million ($73.6 million) despite a 13% increase in revenues to £2.67 billion. The figure excludes an £11 million gain on disposal of three aircraft as well as £12.9 million in costs related to last year's integration of GB Airways. Chief executive Andy Harrison warns of a "tough winter", but expects improvement in 2010.

 

 

Source: Flight International