All Finnair articles – Page 5
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NewsFinnair raises €501m from oversubscribed share offering
Finnair has disclosed that investor have oversubscribed by nearly 11% to a new share issue intended to reinforce the Nordic company’s liquidity. The company says it will receive net proceeds of around €501 million. Finnair received subscriptions for more than 1.416 billion shares against the 1.279 billion on offer. The ...
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NewsFinnair embarks on €500m share issue
Finnair has embarked on a €500 million rights issue which will centre on the release of up to 1.279 billion new shares in the company to strengthen its equity and liquidity. The issue carries conditions including limiting managers’ salaries up to 2022 and restricting it from making acquisitions. Finnair will ...
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NewsFinnair seeks further layoffs to match reduced flying schedule
Finnair will enter talks with its entire workforce to secure additional temporary layoffs aimed at downsizing the number of employees to match its much-reduced flying schedule over the coming months.
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NewsFinnair outlines plan to restart Europe and Asia flights in July
Finnair plans to start operating 30% of its network from July with flights to a number of key European and Asian cities.
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NewsFinnair to launch €500m rights offering as coronavirus losses mount
Finnair is to launch a €500 million ($542 million) rights offering to rebuild its equity after disclosing it expects to lose around €2 million a day during the second quarter.
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NewsFinnair converts A350 passenger cabins for freight transport
Finnair is the latest airline to temporarily transform passenger cabins into freight carriages, disclosing plans to fill two of its Airbus A350s with cargo to boost capacity between Europe and Asia. Until now, Finnair has only transported freight in the belly of its passenger A350s. However, the airline has unveiled ...
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NewsFinnair to slash 90% of capacity as it warns of heavy losses
Finnair has followed neighbouring Nordic carrier SAS in making dramatic operational cuts, slashing 90% of its normal capacity from the beginning of April. The Finnish flag-carrier says the cuts – in response to a substantial fall in demand following the coronavirus outbreak – will be maintained “until the situation improves”, ...
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AnalysisFinnair lays out ambitious new sustainability strategy
Finnair has pledged to make environmental protection a core company value and halve its net carbon emissions by 2025, versus last year, under a new sustainability strategy.
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NewsFinnair, Wizz latest European carriers to extend cuts to counter coronavirus
Finnair and central European budget carrier Wizz have become the latest European carriers to detail more plans for cuts in response to the coronavirus outbreak.
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NewsFinnair seeks savings as it rapidly rethinks coronavirus impact
Finnair is taking a more pessimistic view of the potential impact from the coronavirus outbreak, expecting it to result in significantly lower operating profits for the first half. It is looking to trim costs by €40-50 million ($44-55 million) to cope with the threat to its revenue streams, and is ...
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NewsFinnair explores pilot furloughs amid China pullback
Finnair has begun talks about temporary layoffs with its long-haul pilots following a reduction in its services to China because of the coronavirus outbreak.
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NewsFinnair relaxed over coronavirus financial impact
Finnair is optimistic that the coronavirus outbreak in China is likely to have only a small impact on its first-quarter financial performance, even if mainland China flight cancellations continue until the end of March. The airline says the direct impact is “relatively limited” but it has refrained from forecasting full-year ...
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Two-thirds of Finnair flights cancelled after postal strike
Finnair is being forced to cancel two-thirds of its flight owing to disruption from a labour dispute involving the country’s postal service.
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Finnair modernisation to take fleet to 100 aircraft
Finnair is aiming to increase its fleet to more than 100 aircraft under a six-year development plan which will focus on achieving a sustainable, profitable growth path.
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Finnair sees progress in sustainability push
Finnair has set 2050 as the year it hopes to halve its emissions, as it undertakes an ongoing sustainability push.
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Finnair's Asia demand weakens in third quarter
Finnair observed lower demand on its Asian network during the third quarter, particularly on its route to Hong Kong, the territory which has been experiencing waves of anti-government protests that have intensified since mid-year.
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Finnair to open service to second Tokyo airport
Oneworld alliance carrier Finnair is to open services to Tokyo Haneda, complementing operations to the Japanese capital's Narita airport.
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Finnair promotes carbon reduction initiative
Nordic carrier Finnair will operate in August two transatlantic flights with a biofuel blend as part of its environmental "Push for change" initiative.
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Start-up Great Dane sees Jutland market opportunity
Start-up Great Dane Airlines has outlined plans for rapid growth.
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AnalysisPutting numbers on the legacies of airline leaders
With airline leaders gathering in Seoul for the IATA AGM, we use Cirium’s Fleets Analyzer and schedules data to measure the legacies of the chief executives who have left their roles in the past 12 months. The AGM takes place in South Korea just weeks after the death of long-serving Korean Air chairman and chief executive Cho Yang-ho