finnair oyj said friday that its thirdquarter net loss narrowed after seeing robust demand but continued cost headwinds mean it will still record a significant operating loss this year the airline reported a net loss of 372 million euros 371 million for the third quarter compared with a loss of eur1151 million for the same quarter last year revenue rose to eur7192 million from eur1994 million the carrier last month launched a new strategy to return to profitability through cost cuts network changes and fleet reduction due to the combination of the heavy pandemic and the closure of russian airspace we are facing a uniquely difficult challenge thus determined measures to implement our new strategy and to restore profitability at an annual level are vital chief executive topi manner said strong demand for travel is predicted to continue in the short term but significant operational uncertainty prevails with an exceptionally high market price of fuel the russian airspace closure the affect of inflation on demand and costs as well as the development of covid19 finnair said the high fuel price had an adverse cost impact of around eur125 million on year in the third quarter it said the airline still expects its 2022 comparable operating result will be significantly negative for a third consecutive year it added