My Account Menu

CAPA Login

Register to trial CAPA Membership!

Finnair earnings deteriorate as restructuring efforts ramp up


Finnair’s earnings fell in its seasonally strong third quarter due to a combination of cost blowouts and deteriorating economic conditions in key markets. A gloomy outlook for the remainder of the year accompanied the weaker result, which is expected to leave the airline in the red for the full-year. Sharp cost increases in 2011 have brought into focus Finnair’s urgent need for structural change, with the airline confirming it is ramping up efforts to address its weaknesses.

Cost reductions at Finnair are central in allowing the carrier to compete more aggressively in its key markets, where competition in the Nordic, Baltic and Asian regions is quickly heating up. [1213 words]

Unlock the following content in this report:


  • Revenue gains, but lags passenger growth
  • Finnair takes aim at costs
  • Weak winter ahead

Graphs and data:

  • Finnair EBIT profit and EBIT margin (RHS): 3Q2008 to 3Q2011
  • Finnair revenue and operating costs and growth in both metrics: 3Q2008 to 3Q2011
Please login to continue reading or find out more about CAPA Membership below.
This content is exclusively for CAPA Membership Subscribers

CAPA Membership gives you the latest aviation news and alerts, access to CAPA articles, reports, and our leading aviation data with optional premium add-ons.