oneworld

Finnair recovery held up by lag in crucial Asian markets

Finnair has generated its first positive operating cash-flow for almost two years, with a surplus of E27m during Q3, and expects the figure to stay positive in the fourth. But comparable operating losses in the fourth quarter will remain at “a similar magnitude” to the Q3 figure of E109m. Finnair expects operating losses to continue into the first half of 2022, owing to the “slow recovery” of Asian traffic. Asian traffic is a central pillar of Finnair’s network strategy. The carrier offers services from Europe to Asia via its hub at Helsinki. Finnair says it expects Asia to open to passengers “more meaningfully” early next year – although this will not include China, which the airline believes will only open after the first half.<br/>