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Finnair in the red for Q2, sees significant loss for full year

Mr Vauramo: 'Negotiations with pilots (over wages) are proceeding, and we expect to have a deal in early September.' - PHOTO: BLOOMBERG

[HELSINKI] Loss-making Finnair cut its full-year profit forecast on Friday after posting a weaker-than-expected quarterly result due to delayed cost-cuts and tough market conditions.

Stiff competition from discount carriers, high fuel prices and unfavourable exchange rates put pressure on...

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