Finnair klarer overskudd i 2004 likevel

MD90 · 17-01-2005, 14:46

HELSINKI, Jan 17 (Reuters) - Finnair will post a profit for 2004 thanks to a change in pension regulations which cut costs by over 20 million euros ($26.21 million), the Finnish national carrier said on Monday.

Finnair, which is due to release its 2004 results on Feb. 17, hadpreviously forecast a full-year loss.

The airline's share price was 2.9 percent higher at 5.74 euros by 1230 GMT.

"A regulation reform at the Finnair Pension Fund will result in a smaller change in pension liability for 2004 than expected," the group said in a statement.

REUTERS

17-01-2005, 14:46	#1
MD90 ScanFlyer Blue Join Date: Sep 2004 Posts: 451	Finnair klarer overskudd i 2004 likevel HELSINKI, Jan 17 (Reuters) - Finnair will post a profit for 2004 thanks to a change in pension regulations which cut costs by over 20 million euros ($26.21 million), the Finnish national carrier said on Monday. Finnair, which is due to release its 2004 results on Feb. 17, hadpreviously forecast a full-year loss. The airline's share price was 2.9 percent higher at 5.74 euros by 1230 GMT. "A regulation reform at the Finnair Pension Fund will result in a smaller change in pension liability for 2004 than expected," the group said in a statement. REUTERS

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