Nothing goes right at Finnair. The company, which has already been severely weakened by a negative international environment, has now been affected for several weeks by a series of large-scale strikes.
In fact, 27 March kicked off a series of other actions by the unions. The company had to cancel more than a hundred flights on 2, 5, 16 and 19 May. Finnair points out that the Finnish Aviation Union (IAU) is calling for a new industrial action on 30 may. And which paves the way for two further strike actions on 2 and 4 June.
This industrial action will have the following impact the cancellation of around 110 flights on Friday 30 May, affecting some 8,000 passengers. Finnair is offering customers of cancelled flights an alternative flight, which they can consult online via the airline's website or app. Finnair has also announced that passengers on flights on 2 and 4 June can change their travel dates..
For several years now, the Finnish national carrier has been operating in an unfavourable geopolitical climate. The Covid then the Russian overflight ban in 2022 have derailed its growth model based on a Europe-Asia hub. The fall in demand on the North Atlantic has been added to this complicated context this year.
Although Finnair generated an operating profit of €114.2 million in 2024, this was down on the previous year (€191.4 million). Operating profit in 2024 was a profit of 37.0 million euros254.3 million in 2023.
In the first quarter of 2015, Finnair's financial position deteriorated as follows. The Finnish carrier reported an operating loss of 62.6 million euros, compared with a loss of 11.6 million euros for the same period in 2024. The operating result is also in the red for this first quarter at -53.4 million euros. The strikes have already cost the company some 22 million euros...
