Finnair slightly revises guidance after strong Q3
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Finnair raises profit guidance after positive Q2
Finnair expects its full-year operating result to reach €150 to €210 million, which will be in the range of could exceed that of the €162.8 million reported in 2019. Based on a strong second quarter, the airline has revised its guidance…
Finnair pleased with Q1 but remains cautious
Finnair produced its third consecutive profitable quarter in Q1 and excepts revenues and EBIT to improve significantly year on year. Yet, the carrier remains cautious about the longer-term outlook and its operating environment. Finnair pleased with Q1 but remains cautious.…
Finnair sees brighter future behind the clouds
Thanks to the market developing more positively, Finnair expects this year’s unit revenues to be better than previously anticipated. Key markets in Japan and China have re-opened and should no longer be affected by travel restrictions after the summer. Still, Finnair’s…
Strike hurts Finnair as job reductions are formalized
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…
Finnair’s Q3 result confirms need for new strategy
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…