Finnair gave itself a nice gift for its hundredth anniversary, in 2023. After losses the previous three years, the Finnish national airline returned to the green. With eleven million passengers, it generated a net profit of 254.3 million euros (and an operating profit of 191 million) for a turnover of 3 billion. A priori, this return to better fortune is nothing but very normal. Since the end of the pandemic, many air carriers have returned to profit.
Except that Finnair has accumulated problems: it also had to face the closure of Russian airspace following the invasion of Ukraine by Putin's army, in February 2022. A retaliatory measure against all the countries of the European Union. As a result, the Helsinki-Tokyo or Helsinki-Shanghai is extended by three hours.
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Suddenly, we lost our competitive advantage: we were the company which, with a stopover in Helsinki, served Asia (Japan…) the fastest.
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