Tag Archives: msn 1088)

Finnair updates its financial targets, aims for sustainable profitable growth

Finnair Airbus A330-302 OH-LTT (msn 1088) LHR (SPA). Image: 948136.

Finnair has issued this statement:

Following a period of accelerated growth, Finnair is now moving into a new phase. The company seeks to grow in line with the market, targeting sustainable and profitable growth.

Finnair’s Board of Directors has defined the following targets for the 2020-2025 strategy period:

  • Comparable EBIT of over 7.5% over the cycle (at constant fuel and currency), after a 12-18 month build-up period
  • ROCE of over 10% over the cycle (at constant fuel and currency), after a 12-18 month build-up period
  • On-time-performance of over 85%
  • Improved Net Promoter Score and improved employee Net promoter score

Finnair aims to deliver these targets through a focused strategy that leverages the geographical advantage of Finnair’s hub in connecting Europe and Asia.

During its Capital Markets Day on November 12, 2019, Finnair will elaborate on network and fleet optimization, operational excellence, retailing strategy and sustainability. Finnair’s management will also discuss its estimated investments for the strategy period and their potential financial implications.

Additional guidance for the 2020-2025 strategy period includes the following indicative items:

  • Capacity growth, measured in Available Seat Kilometres (ASK) of 3-5% CAGR
  • Optimize liquidity, yet keeping cash to sales ratio above 15% (34% as per 30 September 2019)
  • Gearing ratio 175% at maximum (74% as per 30 September 2019)
  • Assess renewal and downsizing of the hybrid bond
  • Increase the share of owned aircraft vs. leased aircraft
  • Keep the dividend policy unchanged

Top Copyright Photo: Finnair Airbus A330-302 OH-LTT (msn 1088) LHR (SPA). Image: 948136.

Finnair aircraft slide show:

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Finnair increases capacity to London for summer 2019 with a second wide-body aircraft upgauge and a new daily frequency

Finnair Airbus A330-302 OH-LTT (msn 1088) BKK (Michael B. Ing). Image: 936233.

Finnair has made this announcement:

In line with its growth strategy, Finnair is adding capacity on its route between Helsinki and London Heathrow for the summer 2019 season starting on March 31, 2019.

Finnair will add a new daily frequency to and from London Heathrow, operated with an Airbus A320 family aircraft. Providing good connection opportunities from London with Finnair’s oneworld partners, the new flight will leave Helsinki at 11:40 and the return flight from London will depart at 13:50.

In addition, Finnair will further increase its capacity on the London route by upgauging the 16:00 flight between Helsinki and London, as well as the 18:10 flight from London to Helsinki, with an Airbus A330 wide-body aircraft (top). The change will provide more than 50 additional seats per flight compared to the current A321 narrow-body aircraft.

Finnair currently flies an Airbus A350 aircraft (above) daily for the first flight leaving Helsinki in the morning and for the return flight from London. Customers traveling from London via Helsinki to Finnair’s Asian destinations can now have a seamless business class experience with full-flat seats on their way to Asia and back.

During the upcoming summer season, Finnair will operate up to seven daily flights between both cities, including two frequencies with a wide-body aircraft. With the announced changes, Finnair will be adding approximately 21% more capacity on the route compared to the previous summer 2018 season.

Top Copyright Photo: Finnair Airbus A330-302 OH-LTT (msn 1088) BKK (Michael B. Ing). Image: 936233.

Finnair aircraft slide show:

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American to operate seasonal New York LaGuardia – Eagle/Vail flights

American Airlines Airbus A319-132 N808AW (msn 1088) RDU (Ton Jochems). Image: 942694.

American Airlines will operate weekly seasonal nonstop flights from New York (LaGuardia) to the ski destination of Eagle/Vail, CO starting on December 22, 2018. According to Airline Route the seasonal route will operate on Saturdays with Airbus A319s.

Copyright Photo: American Airlines Airbus A319-132 N808AW (msn 1088) RDU (Ton Jochems). Image: 942694.

American aircraft slide show (Airbus):