Finnair Plc Stock Exchange Release 13 November 2025
at 9:00 a.m. EET
The Board of Directors of Finnair Plc has confirmed the company's strategy and
long-term financial targets for 2026-2029. Finnair targets profitable growth and
invests in ancillary services, retailing capabilities and its loyalty programme,
with customer needs at the centre.
The strategic focus areas include a choice-based product offering that meets
customer needs, engaging with customers also between journeys, a network that
meets customer needs, and reliable and efficient operations.
As a part of strategy execution, Finnair is currently in negotiations with
aircraft manufacturers and other relevant parties regarding the partial renewal
of its narrow-body fleet. In addition, Finnair sees opportunities in developing
new markets in its region and growing existing markets, for which purpose the
company is considering adding used, smaller aircraft into its capacity in the
near term.
Finnair's financial targets for the strategy period 2026-2029 are:
· Demand (passenger) CAGR 4% during the strategy period
· Comparable EBIT margin of 6-8% by the end of 2029
· 2-2.5 billion euros of investments during the strategy period
· Net debt to comparable EBITDA ratio of 1-2 during the strategy period
· Cash to sales ratio of at least 20% during the strategy period
· One-third of earnings per share, on average, to be paid to shareholders as
dividends or capital returns, considering seasonal economic fluctuations
To support the target of achieving a comparable EBIT margin of 6-8%, Finnair is
committed to delivering a profitability improvement of 100 million euros by the
end of the strategy period. This ambition is underpinned by a disciplined
approach to cost management and strategic initiatives focused on capital-light
growth.
The above-mentioned financial targets replace the targets set in connection with
the rights issue in 2023.
“We have built a strong foundation on which we can grow our business profitably.
Our strategy and long-term financial targets are built so that Finnair can
create shareholder value in the current operating environment. We have a clear
direction, a committed crew and a Finnish brand that stands out. Now it's time
to look ahead,” says Finnair's CEO Turkka Kuusisto.
Capital Markets Update on 13 November 2025
Finnair's CEO Turkka Kuusisto and the Executive Board will present Finnair's
strategy and financial targets for the period 2026-2029 in more detail at the
Capital Markets Update on 13 November 2025. The event can be followed via a live
webcast at finnairgroup.events.inderes.com/2025-cmu. More information about the
event can be found at investors.finnair.com/en/capital_markets_update_2025.
FINNAIR PLC
Further information:
Finnair communications, +358 9 818 4020, comms(a)finnair.com
Distribution:
NASDAQ OMX Helsinki
Principal media
Finnair is a network airline, specialising in connecting passenger and cargo
traffic between Asia, North America and Europe. Finnair is the only airline with
year-round direct flights to Lapland. Customers have chosen Finnair as the Best
Airline in Northern Europe in the Skytrax Awards for 15 times in a row. Finnair
is a member of the oneworld alliance. Finnair Plc's shares are quoted on Nasdaq
Helsinki.