Finnair Oyj
Capital Structure
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in mil. unless spec.Company Description
- CEO
- Turkka Tuomas Kuusisto
- Full Time Employees
- 5,684
- Sector
- Transportation
- Industry
- Airlines
- Address
- Tietotie 9 A Vantaa UU Finland 01053
- IPO Date
- Jun 26, 1989
- Website
- company.finnair.com
- Similar Companies
- Business
- Finnair Oyj operates as Finland's flag carrier and a leading network airline, specializing in scheduled passenger and cargo services connecting Europe, Asia, and North America through its Helsinki-Vantaa hub; it also provides package tours via its Aurinkomatkat-Suntours brand, ancillary services including advance seat reservations, excess baggage fees, and frequent flyer programs, as well as ground handling, catering, maintenance, and travel agency operations. Founded in 1923 and headquartered in Vantaa, Finland, the company maintains a modern, primarily Airbus fleet comprising A330-300s and A350-900s, serving over 80 destinations across more than 35 countries, with subsidiaries like Nordic Regional Airlines handling domestic and regional routes; it belongs to the oneworld alliance and targets leisure, business, and cargo customers in high-value markets. Finnair Oyj generates revenue from passenger traffic (accounting for the majority), cargo shipments in aircraft bellies via its Helsinki COOL hub, and travel services, while outsourcing certain functions such as ground handling to partners like Airpro and Aviator, IT to Amadeus and IBM, and maintenance to Airbus and Lufthansa Technik. In recent developments, Finnair Oyj ends its wet-lease and codeshare partnership with Qatar Airways on January 15, 2025, for routes from Stockholm, Copenhagen, and Helsinki to Doha, freeing up A330-300 capacity for redeployment to destinations like Miami, Dubai, Chicago O'Hare, Dallas/Fort Worth, Seattle Tacoma, Los Angeles, Nagoya Chubu, Osaka Itami, and Shanghai Pudong; it announces seven new European routes launching summer 2026 to Kuressaare (Estonia), Luxembourg, Stavanger (Norway), Thessaloniki (Greece), Tirana (Albania), Turin (Italy), and Umeå (Sweden). The company progresses a partial narrow-body fleet renewal project in 2025, negotiating with aircraft and engine manufacturers to support emission reductions, customer experience, and regional network growth, while receiving a new A350 wide-body aircraft in December 2024 and continuing wet-leases to Qantas until 2029; it faces operational challenges from 2025 industrial actions impacting capacity by about 5% and profitability by 68 million euros through September, alongside EU sustainable aviation fuel mandates and rising charges. Finnair Oyj reports Q3 2025 revenue of 834.9 million euros (up 2.0%), with 3.3 million passengers and a comparable operating result of 50.7 million euros despite disruptions, and updates 2025 guidance to 3.1 billion euros revenue and 30-60 million euros comparable operating result amid weak North Atlantic demand and fuel costs.
Company News
Finnair raises full-year guidance as demand beats forecast
Finnair Oyj (FNNNF) Shareholder/Analyst Call Transcript
Finnair adapts pilot training for daily GPS interference in Baltic
Finnair Oyj (FNNNF) Q2 2026 Earnings Call Transcript
Finnair Oyj (FNNNF) Shareholder/Analyst Call Transcript
Finnair Oyj (FNNNF) Q1 2026 Earnings Call Transcript
Finnair picks Embraer instead of Airbus for its narrow-body fleet renewal
Finnair Oyj (FNNNF) Q4 2025 Earnings Call Transcript
Finnair Oyj (FNNNF) Q3 2025 Earnings Call Transcript
Finnair considers ordering up to 30 Airbus narrowbody jets
Finnair Oyj (FNNNF) Q2 2025 Earnings Call Transcript
Finnair Stock Flies Into Sell Territory On Labor Strikes (Rating Downgrade)
Finnair: Strong Earnings Command A Buy Rating
Finnair Oyj (FNNNF) Q4 2024 Earnings Call Transcript
Finnair prepares to cancel some flights as pilots reject wage offer
Finnair Oyj (FNNNF) Q3 2024 Earnings Call Transcript
Finnair Oyj (FNNNF) Q2 2024 Earnings Call Transcript
Finnair suspends flights to Estonian city over Russian GPS interference
Finnair Oyj (FNNNF) Q1 2024 Earnings Call Transcript
Finnair Oyj (FNNNF) Q4 2023 Earnings Call Transcript