
Finnair Oyj (FNNNF) Q4 2025 Earnings Call Transcript
Finnair Oyj (FNNNF) Q4 2025 Earnings Call Transcript
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Finnair Oyj (FNNNF) Q4 2025 Earnings Call Transcript

Finnair Oyj (OTCPK:FNNNF) Q3 2025 Earnings Call October 30, 2025 7:00 AM EDT Company Participants Erkka Salonen - Director of Investor Relations Turkka Kuusisto - CEO & Member of Executive Board Pia Aaltonen-Forsell Conference Call Participants Kurt Hofmann Joonas Ilvonen - Evli Bank plc, Research Division Presentation Erkka Salonen Director of Investor Relations Good day, ladies and gentlemen. I am Erkka Salonen from Finnair Investor Relations, and it's my pleasure to welcome you all to this Finnair's Third Quarter 2025 Earnings Call.

Airline Finnair said on Wednesday the company is looking to source its first wave of Airbus narrowbody aircraft and is considering an order of up to 30 of the jets.

Finnair Oyj (OTCPK:FNNNF) Q2 2025 Earnings Conference Call July 16, 2025 6:00 AM ET Company Participants Erkka Salonen - Director of Investor Relations Kristian Pullola - CFO & Member of Executive Board Turkka Kuusisto - CEO & Member of Executive Board Conference Call Participants Jaakko Tyrvainen - SEB, Research Division Joonas Ilvonen - Evli Bank plc, Research Division Mateo Salcedo - ODDO BHF Corporate & Markets, Research Division Pasi Väisänen - Nordea Markets, Research Division Kurt Hofmann - Unidentified Company Erkka Salonen Good day, ladies and gentlemen. I'm Erkka Salonen from Finnair Investor Relations, and it's my pleasure to welcome you all to this Finnair Second Quarter 2025 Earnings Call.

Finnair Oyj's Q1 results were hit hard by labor strikes, causing significant revenue and operating losses, and exposing weaknesses in its turnaround strategy. Despite stable revenues and some growth in ancillary segments, rising costs and ongoing disruptions have pushed guidance to the lower end and threaten further downgrades. Strikes have reduced capacity growth expectations and led to a weaker EBITDA and free cash flow outlook for 2025, undermining the previous investment thesis.

Finnair's 2024 free cash flow exceeded expectations, supporting a stronger deleveraging path and making the stock undervalued against 2025 earnings and peer group valuation. Despite a challenging operational environment and higher costs on Asian routes, Finnair's strong free cash flow performance in 2024 is a major positive. The 2025 outlook shows stable unit revenues with higher capacity, but potentially no added profits, making the stock more attractive for long-term investment.

Finnair Oyj (OTCPK:FNNNF) Q4 2024 Earnings Conference Call February 13, 2025 4:00 AM ET Company Participants Erkka Salonen - Investor Relations Turkka Kuusisto - Chief Executive Officer Kristian Pullola - Chief Financial Officer Conference Call Participants Joonas Ilvonen - Evli Pasi Väisänen - Nordea Mateo Salcedo Lopez - ODDO BHF Erkka Salonen Good day, ladies and gentlemen. I'm Erkka Salonen from Finnair Investor Relations and it's my pleasure to welcome you all to this Finnair's Fourth Quarter and Full Year 2024 Earnings Call.

Finnair said on Wednesday it was preparing to cancel some flights on Friday, after the Finnish Air Line Pilots' Association (SLL) rejected a settlement proposal for a collective labour agreement.

Finnair Oyj (OTCPK:FNNNF) Q3 2024 Results Conference Call October 29, 2024 7:00 AM ET Company Participants Erkka Salonen - IR Turkka Kuusisto - CEO Kristian Pullola - CFO Conference Call Participants Jaakko Tyrvainen - SEB Joonas Ilvonen - Evli Erkka Salonen Good day, ladies and gentlemen. I'm Erkka Salonen from Finnair Investor Relations, and it's my pleasure to welcome you all to this Finnair's Third Quarter 2024 Earnings Call.

Finnair Oyj (OTC:FNNNF) Q2 2024 Earnings Conference Call July 19, 2024 6:00 AM ET Company Participants Erkka Salonen - IR Turkka Kuusisto - CEO Kristian Pullola - CFO Conference Call Participants Jaakko Tyrväinen - SEB Mateo Salcedo Lopez - ODDO BHF Joonas Ilvonen - Evli Erkka Salonen Good day, ladies and gentlemen. I'm Erkka Salonen from Finnair Investor Relations, and it's my pleasure to welcome you all to this Finnair's Second Quarter 2024 Earnings Call.

Finnair said Monday it was suspending flights to the Estonian city of Tartu for one month due to GPS interference that the Estonian foreign minister labeled a Russian "hybrid attack".

Finnair Oyj (OTC:FNNNF) Q1 2024 Earnings Conference Call April 23, 2024 6:00 AM ET Company Participants Erkka Salonen - Investor Relations Jaakko Schildt - Interim Chief Executive Officer Kristian Pullola - Chief Financial Officer Conference Call Participants Pasi Väisänen - Nordea Jaakko Tyrväinen - SEB Joonas Ilvonen - Evli Erkka Salonen Good day, ladies and gentlemen. I'm Erkka Salonen from Finnair IR and it's my pleasure to welcome you all to this Finnair's First Quarter 2023 (sic) [2024] Earnings Call.

Finnair Oyj (FNNNF) Q4 2023 Earnings Call Transcript

Finnish airline Finnair this week instituted a new voluntary policy whereby it is now weighing passengers in addition to their luggage.

Finnair Oyj (FNNNF) Q3 2023 Earnings Call Transcript

Finnair PLC will launch a rights issue of up to €600 million this month with the aim to reinstate its dividend from 2025, it said on Friday. The national Finnish airline's share price fell by more than 23% on the Helsinki bourse to €0.40 per share (from €0.52) this morning after it announced the rights issue, along with plans to use a majority of the proceeds to pay down debt.

Finnair Oyj (OTC:FNNNF) Q2 2023 Earnings Conference Call July 21, 2023 6:00 AM ET Company Participants Erkka Salonen - Director, IR Topi Manner - Pres, CEO & Member of Exec. Board Kristian Pullola - CFO & Member of Exec.

Finnair Oyj (OTC:FNNNF) Q1 2023 Results Conference Call April 27, 2023 6:00 AM ET Company Participants Erkka Salonen - IR Topi Manner - CEO Kristian Pullola - CFO Conference Call Participants Jaakko Tyrvainen - SEB Achal Kumar - HSBC Pia Rosqvist-Heinsalmi - Carnegie Erkka Salonen Good day, ladies and gentlemen. I'm Erkka Salonen from Finnair Investor Relations.

The airline has cited onboard and pre-order shopping as a “less important service” for its customers as one reason why it has decided to discontinue retail sales.

When Russia closed its airspace, it upended the decades-long strategy for making Finland a European travel hub to and from the East.