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Finnair Oyj (FIA1S.HE)

FIA1S.HE on Helsinki Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Finnair to temporarily suspend its Miami route for summer 2017
Wednesday, 22 Mar 2017 12:05pm EDT 

Finnair Oyj : Says to temporarily suspend its Miami route for summer 2017, flights resume in October . Is making changes to its traffic program for summer 2017 season, due to operational reasons which relate to temporary shortage of crew and aircraft . Will suspend its flights between Helsinki and Miami between May 4 and Sept. 29 .Will also cancel two of its weekly frequencies on its Helsinki-Chicago route during May.  Full Article

Finnair issues 200 million euro bond
Wednesday, 22 Mar 2017 12:00pm EDT 

Finnair Oyj : Finnair says issues a senior unsecured bond of EUR 200 million . bond matures on 29 March 2022, it bears a fixed annual interest at the rate of 2.250 percent and has an issue price of 99.925 percent .says Finnair's execution of its growth strategy and improvement in financial performance are reflected in pricing of the long-term funding.  Full Article

Finnair announces indicative tender offer results
Wednesday, 22 Mar 2017 03:11am EDT 

Finnair Oyj : Announces indicative tender offer results .At expiration deadline, aggregate principal amount of notes validly tendered by noteholders for purchase was 81,932,000 euros ($88.58 million).  Full Article

Finnair to cancel over 90 flights on Friday due to airport service strike
Wednesday, 15 Mar 2017 02:00pm EDT 

Finnair Oyj : The Finnish state-controlled airline says it will cancel over 90 flights, or one third of its flights on Friday due to an airport service strike . Says cancellations apply to a large share of domestic and European traffic during the strike time, 3 PM and 7 PM Finnish time . Says will also make changes to the departure times of certain flights, so that they can be operated outside the strike hours .Strikes at Helsinki Airport are related to a dispute between the Finnish Aviation Union and the service sector employer union Palta about labour agreements in Airpro Oy[nL5N1GS1W7].  Full Article

Finnair considers issuance of new euro-denominated fixed rate notes
Monday, 13 Mar 2017 05:15am EDT 

Finnair Oyj : Considers issuance of new notes and announces voluntary tender offer of its outstanding notes maturing in 2018 . Considers issuance of new euro-denominated fixed rate notes with expected maturity of five years . Target size of issue is minimum 150 million euros ($160.1 million) .Potential issue is expected to take place in near future subject to market conditions.  Full Article

Finnair to cancel about 100 flights on Friday due to airport service strike
Thursday, 9 Mar 2017 06:15am EST 

Finnair Oyj : The Finnish state-controlled airline says it will cancel about 100 flights, or one third of its flights on Friday due to an airport service strike . says cancellations apply to all domestic traffic, to a large share of European traffic and one long-haul flight during the strike time, 3 PM and 7 PM Finnish time . Strikes at Helsinki Airport are related to a dispute between the Finnish Aviation Union and the service sector employer union Palta about labour agreements in Airpro Oy [nL5N1GL3B3] .Finnair says will make changes to departure times of some flights.  Full Article

Finnair: February passenger load factor up by 3.8 percentage points
Tuesday, 7 Mar 2017 02:07am EST 

Finnair Oyj : February traffic statistics were affected by last year’s leap day, which had a negative impact of some 3.8 per cent on capacity . In February number of passengers increased by 2.4 per cent to 834,000 . Overall capacity measured in Available Seat Kilometres (ASK) down in February 2017 by 2.2 per cent year‐on‐year, while excluding the leap day, it increased by 1.6 per cent .In February passenger load factor increased by 3.8 percentage points to 82.9 per cent.  Full Article

Finnair and LSG Group begin negotiations about new forms of cooperation
Tuesday, 1 Nov 2016 03:30am EDT 

Finnair Oyj : Finnair and the LSG Group begin negotiations about new forms of cooperation as LSG does not use its purchase option of LSG Sky Chefs Finland Oy . LSG Group does not exercise its purchase option of LSG Sky Chefs Finland Oy .Change does not have significant impact on Finnair's operating result or financial standing.  Full Article

Finnair Oyj reports Q3 operating result at 115.5 mln euros
Wednesday, 26 Oct 2016 02:11am EDT 

Finnair Oyj : Q3 revenue 640.9 million euros ($697.68 million) (Reuters poll 647 million euros) . Q3 operating result 115.5 million euros (Reuters poll eur 109 million) . Reiterates previous assessment that in 2016 its capacity will grow by approximately 7 per cent compared to 2015 and that revenue grows more slowly than capacity .Estimates that its comparable operating result for 2016 will increase from the previous year (2015: 23.7 million euros).  Full Article

Finnair September Revenue Passenger Kilometres up 7.2 pct YoY
Monday, 10 Oct 2016 02:00am EDT 

Finnair Oyj : September overall capacity measured in Available Seat Kilometres grew by 8.5 percent . September traffic measured in Revenue Passenger Kilometres (RPK) grew by 7.2 percent year-on-year . In September passenger load factor declined by 0.9 percentage points year-on-year to 80.7 percent .Sept total traffic passengers 971,900.  Full Article

More From Around the Web

UPDATE 1-Finnair cancels over 90 flights on Friday due to strike

HELSINKI, March 15 Finland's state-controlled airline Finnair said on Wednesday it will cancel over 90 flights on Friday due to an ongoing airport workers strike.