Finnair invites volunteers for passenger weight data update

Finnair has introduced a unique approach to estimating cargo weight by inviting passengers to voluntarily participate in weigh-ins at Helsinki airport departure gates. The initiative, initiated on Monday, February 5, seeks to enhance the airline’s ability to calculate the weight of its planes before take-off. To Finnair’s surprise, 600 volunteers had already taken part by […]

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Finnair has appointed Turkka Kuusisto as its new CEO © Finnair

New Finnair CEO, Turkka Kuusisto, to take charge from July 11, 2024

People

Finnair has announced the appointment of Turkka Kuusisto as its new CEO, effective no later than July 11, 2024. Kuusisto will be joining Finnair from his current position as CEO of Posti Group Corporation, a role he has held since 2020. Prior to his tenure as CEO at Posti Group Corporation, Kuusisto held senior leadership

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Finnair reports strong December 2023 passenger numbers

Other News

In December 2023 Finnair carried 878,200 passengers, which was 5.4% more than in December 2022 and 8.2% more than in November 2023. The overall capacity, measured in Available Seat Kilometres (ASK), increased in December by 7.8% year-on-year and by 8.5% month-on-month. Finnair’s traffic, measured in Revenue Passenger Kilometres (RPKs), increased by 5.1% year-on-year and by

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Finnair acquires six previously leased aircraft, repays parts of pension loan

Aircraft & Engines

In November 2023 Finnair executed a rights issue of €570 million. Thanks to the strengthened balance sheet and cash funds resulting from the rights issue, Finnair has now purchased six previously leased A321 aircraft from BOC Aviation. Finnair will spend in excess of €200 million on the transaction and its positive impact on both profit

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Finnair repays €400 million capital loan to the State of Finland

Financial

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

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Finnair will renew the cabins of its Embraer fleet in the coming years

Finnair to update Embraer fleet with new interior

MRO & Production

Finnair will renew the cabins of its Embraer aircraft in the coming years to give the Embraer fleet a fresh and inviting interior with familiar elements from the previously re-designed Finnair long-haul aircraft cabins. “We want to improve travel comfort and provide our customers with a high-quality travel experience across our route network”, says Ole

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Finnair to hold EGM to approve €600 million share offering

Financial

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

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Finnair reports strong second quarter, raises guidance

Financial

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

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Finnair updates its profit guidance for 2023

Finnair raises guidance for full year 2023

Financial

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

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