All Finnair articles – Page 2
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NewsUK competition regulator re-energises inquiry into IAG and Oneworld transatlantic pact
UK competition regulators are to re-energise the long-running probe into the IAG and Oneworld transatlantic joint business arrangement, as the air transport sector continues to recover. The Competition and Markets Authority had effectively put its investigation on hold, with interim remedies in place, as the Covid-19 pandemic disrupted airline operations. ...
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Airline BusinessHow humility and trust helped Topi Manner lead Finnair out of a double-crisis
When Finnair chief executive Topi Manner makes his recently announced departure from the Oneworld carrier by March 2024, he will step away from the airline industry with a whole new appreciation of crisis management and business transformation.
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NewsFinnair chief executive Manner stepping down to join telecom firm
Finnair chief executive Topi Manner is stepping down from his position, and leaving the flag-carrier to take up a new role. Manner is to join telecom and digital services firm Elisa Corporation, which serves customers in Finland and Estonia, as its chief. He will move to the new position by ...
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Airline BusinessWhy some airlines are relieved to be flying older aircraft
A notable dynamic of the current aircraft maintenance and reliability issues being experienced by carriers around the world is that the problems have been more acute among the latest-generation technologies.
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NewsFinnair swings to profit in Q2 citing adjustment to Russia airspace closure
Finnair has reiterated its guidance for a stronger-than-expected full-year performance, saying its positive second-quarter results reflect its successful adjustment to the closure of Russian airspace.
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NewsOptimistic Finnair lifts full-year profit forecast
Finnair has hiked its full-year financial outlook, forecasting a comparable operating profit that will match – or even exceed – the immediate pre-crisis level. It had previously signalled that its comparable operating profit would not reach the €163 million of 2019. Finnair has lifted its guidance because travel demand is ...
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NewsFinnair cautious on post-summer demand as it welcomes small Q1 profit
Finnair highlighted uncertainty about the durability of high passenger demand as it reported its third consecutive quarterly operating profit amid a strategic overhaul of the business.
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NewsFinnair offers bus link after axing domestic flights to two key cities
Finnair is axing domestic flights to two key Finnish cities, Tampere and Turku, replacing them with a bus service. The carrier is citing “economic and environmental considerations” for the decision to cut the air links, which takes effect from 1 May. Finnair, which uses ATR 72 turboprops on the routes, ...
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NewsFinnair chief sees some travellers avoiding Russian overflights with Chinese airlines
The chief executive of Finnair has acknowledged that Chinese airlines have an advantage over European carriers in still having access to Russian airspace, but says he does not expect all passenger segments to take up that option.
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NewsChatGPT already offering ‘immediate-term business benefits’ for airlines
The leaders of Air Baltic and Finnair have joined other industry chief executives in talking up ChatGPT’s potential to positively impact their businesses across a range of functions.
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NewsAland picks Heart Aerospace to nurture sustainable transport links to islands
Swedish zero-emission aircraft developer Heart Aerospace is to collaborate with the government of Aland – an autonomous region of Finland in the Baltic Sea – to explore the use of the hybrid-electric ES-30 to decarbonise air transport links to the islands.
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NewsFinnair avoids long-haul cabin crew outsourcing after savings pact
Finnair has reached a cost-saving agreement with cabin crew, averting implementation of a potential plan to subcontract in-flight services on certain long-haul routes. The airline had been looking to outsource cabin service on North American and Thai routes, according to the transportation workers’ union AKT, which had engaged in industrial ...
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NewsFinnair expecting return to seasonality as pandemic effects fade
Finnair expects average capacity this year will remain 15-20% down on the pre-crisis level of 2019, but is uncertain as to how long the current strong demand for travel will persist. The airline highlights the high price of fuel and the continuing disruption to its network caused by the Russian ...
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NewsFinnair hikes A350 maximum weights to cope with longer Asian sectors
Finnair has tweaked the maximum take-off weight of 10 Airbus A350-900s in order to overcome payload limitations on certain Asia-Pacific services.
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NewsFinnair outlines profitability incentive plans for staff and management
Finnair has drawn up incentive plans to support its strategic efforts to restore profitability, based on pre-tax earnings targets. It has approved a personnel plan for 2023-25 which covers staff groups that contributed to savings agreement as the carrier sought to reduce unit costs – this plan envisions a cash ...
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NewsMilan Linate among new services for Finnair’s European network
Finnair’s rejigging of its network will include new services to Milan’s Linate airport as well as the Norwegian city of Bodo. The Oneworld carrier – which will continue serving Milan Malpensa – will also re-open flights to the Slovenian capital Ljubljana as part of its summer schedule. Finnair has had ...
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NewsFinnair extends repayment of €600m loan amid business restructuring
Finnair has extended the period over which it will repay a largely state-guaranteed loan, as it seeks to shore-up its financial position amid the impact of its exclusion from Russian airspace.
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NewsFinnair starts cutting jobs as airspace exclusion continues
Finnair is to shed some 150 personnel as a result of its adopting a new business strategy aimed at restoring the airline’s profitability. The carrier had previously warned that it could cut up to 200 positions as part of the measures. It states that around 90 jobs will be lost ...
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Airline BusinessHow airline transatlantic capacity has returned, a year since US borders reopened
The reopening of few markets from Covid border restrictions was so eagerly awaited and hard campaigned for as routes across the transatlantic.
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NewsFinnair chief warns of ‘long journey’ to restore company’s financial strength
Finnair Group has turned in its first quarterly comparable operating profit for nearly three years, although it still generated a net loss for the period. The company attributes the performance – a comparable operating result of €35.2 million ($35 million) in the quarter to 30 September – to “pent-up demand” ...