CAPA Live June: Finnair -"back to pre-COVID levels in 2023"

Talking at the CAPA Live on 9-Jun-2021, Finnair CEO Topi Manner spoke with CAPA's chief financial analyst, Jonathan Wober. Some of the key highlights can be found verbatim below.

Some quotes:

- It is frustrating that the travel restrictions are so stringent in Finland

- In terms of capacity, ASKs, we will come back to pre-COVID levels in 2023

- We certainly are focused on the upsells, people from economy moving to premium economy

- Freedom of movement is one of the founding pillars of the European Union, and now that is not working

- We deferred delivery of three A350s by a couple of years

- Our long long-term targets related to CO2 emissions are reaching carbon neutrality in 2045

- Until the end of '25, there will be real, tangible reductions (in emissions), but in that time frame offsetting, European emission trading, will be playing a bigger role

- We will turn around the whole land side of operations including reducing 30% of staff headquarter functions

- We have been raising EUR2.6 billion of new debt and equity

- Our hub model...is the very core of our strategy of connecting Europe and Asia

- We are a happy oneworld member...we are in talks with Juneyao Airlines of a joint business

- We are becoming more agile, we are becoming more nimble