Finnair reported that demand for North Atlantic flights is weaker than anticipated. The airline’s shares fell as much as 9pc due to falling ticket prices and strike impacts.
Average ticket fares dropped, and booking windows became shorter amid market uncertainties. CEO Turkka Kuusisto mentioned that customer sentiment was affected by media narratives regarding the US.
The airline now expects its full-year operating profit to fall towards the lower end of its €100m to €200m guidance.
Turkka Kuusisto shared “Demand growth on North Atlantic routes was moderated by customer sentiment, influenced by media coverage of the US, especially in Finland.”
