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Last €2.89 EUR
Change Today -0.01 / -0.34%
Volume 54.6K
FIA1S On Other Exchanges
As of 11:29 AM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

finnair oyj (FIA1S) Snapshot

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52 Week High
02/2/15 - €3.30
52 Week Low
10/9/14 - €2.30
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Current Stock Chart for FINNAIR OYJ (FIA1S)

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finnair oyj (FIA1S) Details

Finnair Oyj provides air transport operations and supporting services worldwide. The company operates through Airline Business and Travel Services segments. The Airline Business segment engages in the scheduled passenger and charter traffic, as well as cargo sales, customer service and service concepts, flight operations and management, and maintenance and financing of the fleet activities. The Travel Services segment operates as a tour operator; offers travel agency services; and produces travel sector information systems and solutions. This segment provides package tours, tailored itineraries, flight and hotel packages, and flight and cruise services, as well as golf, sailing, and skiing holiday services. As of December 31, 2014, it operated 45 aircraft to various destinations. Finnair Oyj was founded in 1923 and is based in Finnair, Finland.

4,886 Employees
Last Reported Date: 05/7/15
Founded in 1923

finnair oyj (FIA1S) Top Compensated Officers

Chief Executive Officer, President and Member...
Total Annual Compensation: €756.1K
Member of Executive Board and Chief Operating...
Total Annual Compensation: €268.3K
Compensation as of Fiscal Year 2014.

finnair oyj (FIA1S) Key Developments

FINNAIR Expands Codeshare Agreements with Qantas and Japan Airlines

Finnair has announced expansion of its codeshare agreements with fellow Qantas and Japan Airlines. With this deal, the European airline's passengers will get to connect to Perth through Singapore on services operated by Qantas from June 26. This will be apart from the existing codeshare Finnair has with Cathay Pacific to connect to Perth via Hong Kong. Finnair passengers can also connect to Sydney, Melbourne, Brisbane, Adelaide and Cairns via Singapore, Bangkok or Hong Kong on Finnair's codeshare services with Qantas and Cathay Pacific. Also, Finnair passengers will be able to connect to Busan via Tokyo Narita on Japan Airlines' daily service.

Finnair Signs an Agreement with Lufthansa Technik for Receiving Component Support for the Airbus Fleet

Finnair has signed an agreement with Lufthansa Technik for receiving component support for the Airbus fleet of the carrier comprising A350 XWB aircraft for a 12-year period. Finnair is the first airline in Europe to operate the Airbus A350 XWB plane, the newest aircraft of the world. With this deal, Lufthansa Technik has secured its first component support contract for the A350 XWB aircraft. The company s deal with the Finnish flag carrier for total support package will be covering repair services for the components of the A350 XWB jets. The airline's Helsinki Airport-based maintenance unit will supervise line maintenance of its existing fleet along with the A350 XWB aircraft.

Finnair Oyj Announces Earnings Results for the First Quarter Ended March 2015; Provides Traffic Results Guidance for the Full Year of 2015

Finnair Oyj announced earnings results for the first quarter ended March 2015. The company reported revenue was on a par with the first quarter of 2014 at €540.4 million compared with €543.3 million for the same period a year ago. The operational loss was €28.4 million compared with €34.2 million for the same period a year ago. Operational EBITDAR was €19.2 million compared with €17.4 million for the same period a year ago. Net cash flow from operating activities stood at €13.0 million compared with net cash used in operating activities of €20.5 million for the same period a year ago. Earnings per share amounted to 0.09 cents compared with 0.24 cents for the same period a year ago. Revenue was increased by higher passenger traffic revenue and negatively affected by lower revenue from Aurinkomatkat Suntours and cargo traffic, as well as the elimination of revenue from businesses sold after the comparison period. Finnair estimates that, in 2015, its capacity measured in Available Seat Kilometres will grow by approximately 3% and that its revenue will remain at the 2014 level. Finnair further estimates, as a change to its previous guidance, and when calculated with the same accounting principles as earlier, that its unit costs excluding fuel will increase from the 2014 level due to the structural changes in the company’s business and the strong appreciation of the USD. By applying the changed calculation method, that neutralizes the effect of these changes as defined in notes 16. and 18. to the interim financial statements, Finnair estimates that its 2015 unit costs excluding fuel at constant currency will decrease from the 2014 level. The lower price of jet fuel and the full impact from the completed savings program are supporting the financial performance of Finnair 2015.


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