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Finnair produces its first yearly profit since 2007

Finnair (Helsinki) reported a net profit of €1.2 million ($1.6 million) in the fourth quarter of 2012. The carrier produced its first yearly profit since 2007. The flag carrier reported a net profit for 2012 of €11.8 million ($15.9 million) for 2012. CEO Mika Vehvilainen, who is leaving the company, should be credited with the turnaround. The Asian strategy has worked well for the carrier.

The next CEO will need to find new airline partners to sustain profitability.

Read the full report by Reuters: CLICK HERE

Copyright Photo: Ton Jochems. Arriving from Asia, Airbus A340-313X OH-LQF (msn 168) taxies to the gate at its HEL hub and European gateway.

Finnair: AG Slide Show