All Finnair articles – Page 2
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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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In depthHow 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” ...
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NewsFinnair expects 200 managerial job cuts as part of strategic rethink
Finnair expects to cut up to 200 positions through the implementation of its new strategic plan, aimed at offsetting the impact of reduced access to its Asian network. The airline has disclosed that some 120 redundancies would be made in Finland. Finnair is to embark on negotiations with personnel representatives ...
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NewsletterAirlines adapt to consequences of Russia-Ukraine war
This week has seen a string of announcements relating to the impact of Russia’s invasion of Ukraine.
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NewsFinnair chief: Russian airspace closure took away ‘unique advantage’ of Asian reach
Finnair is not ruling out the possibility of shedding personnel as part of an operational strategy revision intended to counter the weakening of its Asian route network. Asian services were among the most profitable in the Finnair network, and have been the platform on which it has developed Helsinki as ...
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NewsFinnair overhauling network and fleet as Russian airspace ban upsets Asian strategy
Finnair is to reduce its fleet size and restructure its route network after its fundamental strategy of serving Asian destinations was undermined by the closure of Russian airspace. The rebalancing of its network and re-alignment of capacity are part of a broad set of measures aimed at restoring profitability, after ...
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NewsFinnair to put A330 capacity on three Nordic links to Qatar
Finnair is to deploy substantial Airbus A330 capacity on new services to the Qatari capital Doha, operating not only from Helsinki but Stockholm and Copenhagen. The twinjets will be used as part of a long-term strategic co-operation agreement between Finnair and its Oneworld alliance partner Qatar Airways. Finnair has been ...
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NewsEx-Nokia executive takes top financial post at Finnair
Finnair has named former Nokia finance head Kristian Pullola as its new chief financial officer, succeeding Mike Stirkkinen. Pullola worked at Nokia for some 21 years and became chief financial officer of the mobile communications firm in early 2017, leaving the company in August 2020. He will join Finnair on ...
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NewsComplex capacity demands leave Finnair juggling summer aircraft leases
Finnair is to augment summer capacity this year by leasing an Airbus A320 from Danish specialist DAT – having previously agreed to lease out some of its own short- and long-haul aircraft for the season. DAT will operate the twinjet on Finnair’s route from Helsinki to Copenhagen in June, and ...
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In depthThe sustainability chiefs leading the airline industry’s net-zero charge
With sustainability established as a top-tier priority for swathes of the commercial aviation sector, dedicated executives at carriers around the world are taking the lead on the topic
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InterviewFinnair sustainability chief on why airline's action on climate-change is 'in our DNA'
The Finnish flag carrier has openly discussed sustainability for longer than many of its peers – and plans to reach net-zero CO2 emissions a full five years ahead of the global industry, in 2045.
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NewsletterIsolation from West creates long list of challenges for Russian airlines
Russia’s airline industry is continuing to adjust to the impact of its home country’s invasion of Ukraine, with this week seeing more developments that suggest it will be fundamentally changed for the foreseeable future.
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NewsFinnair seeks to rebalance network as airspace closures impede recovery
Finnair is having to cope with contrasting scenarios on its route network, with European, US and southern Asian routes showing evidence of normalisation, while the carrier is facing travel restrictions in northern Asia and the effects of closed Russian airspace. As a result of this situation, and the rising fuel ...
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NewsFinnair suspends some Japan services through winter 2022 amid Russia airspace block
Finnair’s winter 2022 flight schedule reflects expectations that the block on EU-based carriers overlying Russia could endure for some time, as it continues to suspend services to several destinations in Japan.
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NewsFinnair applies to fly US routes for Eurowings
Finland’s flag carrier Finnair has applied to the US Department of Transportation (DOT) for authority to fly routes to the USA for Lufthansa Group’s low-cost Eurowings Discover subsidiary.
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NewsHow Russian airspace restrictions are adding hours to some Europe-Asia flights
Recently introduced airspace restrictions are adding up to seven hours to round-trip flight times between Europe and Asia, according to analysis of Flightradar24 data by Eurocontrol.