Finnair Oyj

Ticker/ISIN
FIA1S
FI4000567029
Marknad/Land
Main Market, Helsinki
Sweden
Senaste aktiekurs
0.03 SEK
2024-03-06

Hittills i år

-0.23 %

3 månader

-0.16 %

6 månader

-0.91 %

1 år

-0.94 %

3 år

-0.96 %

5 år

-0.98 %

Senaste sammanfattade pressmeddelande

Finnair Plc announced that it will release its Financial Statements Bulletin for 2024 on February 13, 2025, at 9:00 a.m. EET. The company's Annual Report for 2024, including full financial statements, will be available by week 10 of 2025. The Annual General Meeting is scheduled for March 27, 2025, at 3:00 p.m. EET in Vantaa, with an official invitation to follow. Finnair's financial reviews will be published in both Finnish and English at 9:00 a.m. EET. The monthly traffic performance publication schedule for 2025 is accessible on Finnair's investor relations website. Finnair is a network airline connecting Asia, the Middle East, North America, and Europe, and is recognized as the Best Airline in Northern Europe by Skytrax for 14 consecutive years. It is a member of the oneworld alliance, and its shares are listed on Nasdaq Helsinki. Further information can be obtained from Finnair communications.
Finnair's Interim Report for January to September 2024 highlights that the third quarter's comparable EBIT was lower than the previous year due to decreased unit revenue, though the full-year profit expectation remains unchanged. The report notes a 9.4% increase in customers during the third quarter, with a 9.1% rise in capacity. Passenger revenue decreased in Europe, Asia, and the Middle East, but increased in North America. Ancillary and cargo revenues grew significantly. The company has improved cost management, reducing unit costs excluding fuel by 4.2%. Finnair repaid all loans from the recent crises and strengthened its balance sheet with strong operating cash flow. The company updated its climate target to reduce emission intensity by 34.5% by 2033, validated by the Science Based Targets initiative. Customer satisfaction improved, with a Net Promoter Score of 40, and on-time performance at 77%. Finnair plans to increase capacity by 10% in 2024, focusing on Asia and Europe, with expected revenue of 3.0–3.2 billion euros and comparable EBIT of 120–170 million euros. The report also mentions changes in cooperation with Qatar Airways and upcoming financial reporting dates. Finnair is recognized for connecting passenger and cargo traffic across multiple regions and has been awarded Best Airline in Northern Europe by Skytrax for 14 consecutive years.
Finnair has announced new executive appointments effective from September and October 2024. Simon Large will become the Chief Customer Officer starting October 1, 2024, overseeing the new Customer Experience, Loyalty and Marketing Unit. Christine Rovelli will assume the role of Chief Revenue Officer from September 10, 2024, leading the new Network, Fleet and Sustainability unit. Ole Orvér, the current Chief Commercial Officer, will step down from the Executive Board but will remain as an executive advisor until the end of 2024. Additionally, Jaakko Schildt has been named Deputy to the CEO, and Antti Kleemola will serve as Chief Digital Officer. The Strategy function will now fall under the Chief Financial Officer, Kristian Pullola. These changes aim to enhance Finnair's focus on customer needs and revenue generation as part of its strategic objectives.
On August 28, 2024, Finnair Plc reported a transaction involving its Chief Executive Officer, Turkka Kuusisto. The transaction, which took place on August 27, 2024, at NASDAQ Helsinki, involved the acquisition of shares. The details include 24 separate transactions with volumes and unit prices ranging from 3 to 5000 shares and prices between 2.43 EUR and 2.44 EUR. The aggregated total was 20,000 shares at a volume-weighted average price of 2.43578 EUR. Further information can be obtained from Finnair communications.
Finnair Plc has announced the appointment of Maija Strandberg, Timo Sallinen, and Esko Torsti to its Shareholders' Nomination Board. This board, established by a resolution from Finnair’s 2023 Annual General Meeting, is a permanent part of the company's corporate governance and consists of three annually appointed members. The Nomination Board will submit its proposals for the Annual General Meeting to Finnair's Board of Directors by January 31, 2025. Additional information about the Nomination Board can be found on Finnair’s website. Finnair specializes in connecting passenger and cargo traffic between various regions and has been recognized as the Best Airline in Northern Europe for 14 consecutive years. Finnair Plc’s shares are listed on Nasdaq Helsinki.
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.

Threads

Main Market, Helsinki News

Main Market, Helsinki News

Nyhetsuppdatering från Finnair Oyj

Transaktioner utförda av personer i ledande ställning: Finnair Plc - Managers' transactions - Erlund

On 6th May 2024, Finnair Plc announced a transaction involving Jukka Erlund, a member of the board. Erlund received a share-based incentive of 4,768 shares, with a unit price of 0.00 EUR. The transaction took place on 30th April 2024.

Main Market, Helsinki News

Main Market, Helsinki News

Nyhetsuppdatering från Finnair Oyj

Transaktioner utförda av personer i ledande ställning: Finnair Plc - Managers' transactions - Large

Simon Large, a member of the board at Finnair Plc, has received a share-based incentive. The transaction, which took place on April 30, 2024, involved 4768 shares with a unit price of 0.00 EUR. The information was initially notified with reference number 213800SB6EOB8SSK9W63_20240506093155_193.

Main Market, Helsinki News

Main Market, Helsinki News

Nyhetsuppdatering från Finnair Oyj

Transaktioner utförda av personer i ledande ställning: Finnair Plc - Managers' transactions - Siitonen

On May 6, 2024, Finnair Plc announced a transaction involving Jussi Siitonen, a member of the board. The transaction, which took place on April 30, 2024, was a receipt of a share-based incentive. Siitonen received 4,768 shares at a unit price of 0.00 EUR as part of this incentive. The announcement was distributed via NASDAQ Helsinki and principal media outlets.

Main Market, Helsinki News

Main Market, Helsinki News

Nyhetsuppdatering från Finnair Oyj

Transaktioner utförda av personer i ledande ställning: Finnair Plc - Managers' transactions - Suvanto-Harsaae

Sanna Suvanto-Harsaae, a member of the board at Finnair Plc, has received a share-based incentive, according to an initial notification. The transaction, which took place on April 30, 2024, involved 9808 shares at a unit price of 0.00 EUR. The information was distributed via NASDAQ Helsinki and the principal media.

Main Market, Helsinki News

Main Market, Helsinki News

Nyhetsuppdatering från Finnair Oyj

Transaktioner utförda av personer i ledande ställning: Finnair Plc - Managers' transactions - Sarelius

Sami Sarelius, a senior manager at Finnair Plc, has received a share-based incentive, according to an initial notification. The transaction, which took place on 23rd April 2024, involved 11,251 shares at a unit price of 0.00 EUR. Further information can be obtained from Finnair communications.

Main Market, Helsinki News

Main Market, Helsinki News

Nyhetsuppdatering från Finnair Oyj

Transaktioner utförda av personer i ledande ställning: Finnair Plc - Managers' transactions - Schildt

Jaakko Schildt, a senior manager at Finnair Plc, has received a share-based incentive, according to an initial notification. The transaction, which took place on April 23, 2024, involved 18,302 shares at a unit price of 0.00 EUR. The information was distributed via NASDAQ Helsinki and principal media.

Main Market, Helsinki News

Main Market, Helsinki News

Nyhetsuppdatering från Finnair Oyj

Transaktioner utförda av personer i ledande ställning: Finnair Plc - Managers' transactions - Tallqvist

Finnair Plc has reported a transaction involving Päivyt Tallqvist, a senior manager at the company. The transaction, which took place on April 23, 2024, involved the receipt of a share-based incentive. The volume of shares received was 9195, with a unit price of 0.00 EUR. The notification type for this transaction was an initial notification. Further information can be obtained from Finnair communications.

Main Market, Helsinki News

Main Market, Helsinki News

Nyhetsuppdatering från Finnair Oyj

Förändringar i återköpta aktier: Change in the amount of Finnair Plc treasury shares

Finnair Plc has transferred 54,233 of its own shares to the members of the executive board as part of its Rebuild Incentive Plan. The plan, which ran from 1 July 2020 to 30 June 2023, was announced in a stock exchange release on 9 October 2020. The transfer was authorized by the Annual General Meeting on 18 March 2024. Following the transfer, Finnair holds 300,082 of its own shares as treasury shares.