Finnair Oyj

Finnair's Half-year Report for January to June 2024 highlights a normalizing market after a period of strong demand, leading to decreased unit revenue and results. Key points from April to June 2024 include: - Finnair carried 3.0 million passengers, with revenue increasing by 2.3% due to higher ancillary and cargo revenue. - The comparable operating result was 43.6 million euros, down from 66.2 million euros the previous year, primarily due to lower yields and passenger load factor. - Operating cash flow remained strong, and the financial position improved due to refinancing actions. - On-time performance was negatively impacted by runway renovations at Helsinki Airport and challenging weather conditions, dropping to 76.0% from 84.9%. - Travel demand is normalizing post-COVID-19, reflected in a passenger load factor of 74.7%. Finnair updated its guidance, planning to increase total capacity by approximately 10% in 2024, focusing on Asia and Europe. Revenue is expected to be between 3.0–3.2 billion euros, with comparable EBIT estimated at 110–180 million euros. The company will provide further updates in its third-quarter interim report in October 2024. CEO Turkka Kuusisto noted the successful rollout of new long-haul cabins and continued investments in customer experience, including a new Schengen lounge at Helsinki Airport. Finnair also issued a 500-million-euro unsecured senior bond to refinance a 400-million-euro bond, receiving a BB+ credit rating from S&P Global Ratings. The company aims to improve competitiveness, profitability, and customer experience while maintaining a strong balance sheet and cash flow. Finnair's Net Promoter Score was 39, and it was voted the best airline in Northern Europe at the Skytrax World Airline Awards for the 14th consecutive year. Finnair will hold a results press conference on 19 July 2024, with further details available in the full report.

Finnair Plc announced that it will redeem all outstanding 4.250% unrated notes due 19 May 2025, with an initial nominal amount of EUR 400,000,000. Following purchases and cancellations of notes in May 2024, the remaining outstanding principal amount is EUR 61,228,000. The redemption will occur on 19 August 2024, at a price equal to 100% of the principal amount plus accrued interest. This notice is irrevocable, and all redeemed notes will be cancelled. For further information, contact Mikko Hepokari, Group Treasurer, or Kristian Pullola, CFO. Finnair Plc’s shares are listed on the Nasdaq Helsinki stock exchange.

Finnair Plc announced the issuance of EUR 500 million in new senior unsecured notes on 24 May 2024. The Finnish Financial Supervisory Authority has approved the listing prospectus, available on Finnair's website. An application has been submitted for the notes to be traded on Nasdaq Helsinki Ltd starting around 29 May 2024. The proceeds will be used for refinancing existing notes due in 2025 and other corporate purposes. Danske Bank, Deutsche Bank, Nordea Bank, OP Corporate Bank, and Skandinaviska Enskilda Banken acted as Bookrunners. The release includes contact information for Finnair's Group Treasurer and CFO and notes that Finnair aims for carbon neutrality by 2045. The release is informational and not an offer to sell securities, with specific legal restrictions on distribution and investment.

Finnair Plc has issued new senior unsecured notes amounting to EUR 500 million, with an annual interest rate of 4.750%. The notes will mature on 24 May 2029, with the issue date being 24 May 2024. The company plans to use the proceeds from the notes, less costs and expenses, to fund the purchase of existing notes due 2025 and for refinancing and other general corporate purposes. The company will also apply for the notes to be admitted to trading on the official list of Nasdaq Helsinki Ltd. Danske Bank A/S, Deutsche Bank Aktiengesellschaft, Nordea Bank Abp, OP Corporate Bank plc, and Skandinaviska Enskilda Banken AB (publ) are acting as Bookrunners for the issue of the notes.

Tiina Alahuhta-Kasko, a member of the board at Finnair Plc, has received a share-based incentive, according to an initial notification released on 6th May 2024. The transaction, which occurred on 30th April 2024, involved 4768 shares, received at a unit price of 0.00 EUR. The information was distributed through NASDAQ Helsinki and principal media outlets.

Hannele Jakosuo-Jansson, a member of the board at Finnair Plc, has received a share-based incentive. The transaction, which took place on April 30, 2024, involved 4,768 shares with a unit price of 0.00 EUR. The notification was initially announced on May 6, 2024. Further information can be obtained from Finnair's communications department.

On 6th May 2024, Finnair Plc announced a transaction involving Montie Brewer, a member of their board. The transaction, which took place on 30th April 2024, was part of a share-based incentive. Brewer received 5,313 shares at no cost as part of this incentive. The announcement was distributed via NASDAQ Helsinki and other principal media outlets.

Henrik Kjellberg, a board member of Finnair Plc, received a share-based incentive on April 30, 2024, according to an initial notification. The transaction involved 4,768 shares with a unit price of 0.00 EUR. The notification was distributed via NASDAQ Helsinki and principal media.