Finnair continues its restructuring plans in the midst of deep social unrest within the airline. It announced today that in total 147 managerial jobs will be reduced and implemented by the end of February as part of its cost-reduction efforts. At the same time, the...
Finnair produced its first operating profit since Q3 2019, but the net result is still negative. The €35 million EBIT is also leaning heavily on seasonal effects, with the summer traditionally being the strongest period. Increasing costs confirm the need for Finnair’s...
Finnair expects to reduce its workforce by some 200, of which most are in Finland. The airline will start negotiations about job cuts with unions and employee representatives on October 5. The reductions are part of the revised strategy that the airline announced on...
Finnair has announced a drastic strategy change on September 7 that should help to overcome the headwinds from the Covid crisis and the war in Ukraine. The airline will opt for a more balanced network to make it no longer dependent on flying over Russia, reduce the...
Finnair and Qatar Airways are starting a long-term strategic partnership that will connect three capital cities in Scandinavia with Doha, they announced on August 29. New services from Helsinki (Finland), Stockholm (Sweden), and Copenhagen (Denmark) will be launched...
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