Finnair Finnair

Finnair flights make convenient connections at Helsinki Airport to more than 125 destinations in the Asia-Pacific region, the USA, Europe and the Middle East. Its planes carry more than 10,000,000 passengers each year.

History

2022

Losses due to reduced activity in Russia calculated

The total losses of Finnish companies, whose shares are traded on the stock exchange in Helsinki, due to the reduction or closure of business in the Russian Federation against the background of the Russian special operation in Ukraine in 2022 amounted to about 4 billion euros. Fortum, YIT, Nokian Tyres and Finnair lost a lot of all the money. Such data in early March 2023 cited the newspaper Helsingin Sanomat. Read more here.

Reduction of 25% of the state due to the ban on flights through Russia

In mid-November 2022, Finnair announced the dismissal of 25% of staff due to Russia's ban on its flights. The Finnish carrier is forced to reduce the number of personnel to compensate for the additional costs that it is forced to bear when flying over Russian territory.

According to Finnair, 450 out of 1,750 flight attendants will be laid off, and it is also planned to expand outsourcing of flight services (for example, on long-haul flights from Helsinki to Thailand and the United States) if a decision is not made to reduce unit costs and revise the terms of existing employee contracts.

Finnair airline dismisses 25% of employees due to Russian ban on its flight

According to Finnair CEO Topi Manner, employees are required to be flexible and ready for negotiation processes in order to find a solution that will allow continued service on flights with their own crew and will not lead to mass layoffs.

With Russian airspace closed, Finnair will operate fewer flights and unfortunately our employees will have less work to do. Most of our employees were on long vacations during the [coronavirus] pandemic, COVID-19 so the need for further vacations seems especially acute, and we regret this, "director Jaakko Schildt told Finnair operations.

The Finnish transport union previously said that Finnair "openly blackmails" its employees with salary cuts and threatens mass layoffs.

Russian airspace for Finnair aircraft was closed in response to similar Finnish actions against Russian air carriers. The company admits that flight routes, bypassing Russian airspace, in the worst case increase flight time by several hours, and the increased price of aviation fuel, combined with a longer route, greatly affects the possibility of break-even flights.^[1]

Refusal to board Russians with tickets to Helsinki

Russian tourists who bought Finnair tickets face a refusal to register for flights to Helsinki in October 2022. Early Finland restricted the entry of Russians into the country amid the conflict on. To Ukraine

The company is on the verge of bankruptcy due to retaliatory sanctions from Russia

Finnair is on the verge of bankruptcy due to the conflict in Ukraine. Flights on the Company's key routes to East Asia became 40% longer due to the closure of airspace over Russia. As a result, according to data at the beginning of June, the company's loss from the beginning of 2022 reached a record amount - €133 million. Management optimizes personnel to minimize losses.

Russia's retaliatory sanctions increase the length of the company's routes

In March 2022, after the start of a special operation in Ukraine, Russia was forced to impose retaliatory sanctions against airlines of unfriendly countries, closing their access to their own airspace. This significantly increased travel time for passengers of these companies.

2015: Flights from 5 cities of Russia

Finnair was the first in Europe to start using next-generation eco-friendly A350 XWB aircraft. In 2015, Finnair was recognized as the most punctual airline in Europe (according to the statistical agency FlightStats). In Russia, Finnair operates flights from five cities: Moscow, St. Petersburg, Yekaterinburg, Samara and Kazan.

Notes