Finnair

In March 2021, Finnair and the State of Finland inked an agreement for a hybrid loan, totalling a maximum of €400 million, to provide vital support amidst the challenges posed by the COVID-19 pandemic. Fast forward to April 2022, the hybrid loan underwent a transformation into a capital loan, classified as an equity instrument and

Finnair has unveiled its plans to convene an Extraordinary General Meeting (EGM) with the purpose of seeking authorisation from its shareholders for a significant share issuance (the offering). This capital raising initiative aims to generate gross proceeds of up to €600 million and will include pre-emptive subscription rights for the company’s existing shareholders. The successful

Finnair has reported a strong second quarter, carrying 2.8 million customers and a passenger load factor of 76%, ending the quarter with an operating profit of €66.2 million. The strong quarter was driven by continued strong travel demand and successful implementation of Finnair’s strategy. The company captured demand with its balanced network and was successful

Finnair has raised its guidance for comparable operating result for the full-year 2023. This is partly as it expects travel demand to continue stronger than previously anticipated, while fuel price development has been more favourable than expected and the company’s strategy implementation has progressed better than anticipated. Contrary to the previous guidance, the company estimates that the