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Finnair In Black In 2012  
User currently offlineokAY From Finland, joined Dec 2006, 652 posts, RR: 0
Posted (1 year 6 months 2 weeks 15 hours ago) and read 6338 times:

Hello all,

Finland's national carrier Finnair has made a profit of 0.9 million euros in 2012. This is the first time since 2007.
Finnair Group Financial Statements Bulletin 2012

Development Minister Heidi Hautala has said that she shall take it as one of her priorities to reduce governmental ownership at Finnair this spring if only possible. She specified that all shares of Finnair owned by the government will not be put on sale. However, she sees it vital for the company to be able to make strategic alliances that include shift of ownership from the Finnish government to private investors as well as to other companies.
YLE (in Finnish)

Now, AY is reasonably healthy, who would be interested and what would be the strategic gain from it all?

okAY

55 replies: All unread, showing first 25:
 
User currently offlineseansasLCY From Hong Kong, joined Mar 2007, 853 posts, RR: 0
Reply 1, posted (1 year 6 months 2 weeks 15 hours ago) and read 6293 times:

Could IAG be interested? Its a great hub for linking asia.

User currently offlinefinnishway From Finland, joined Jul 2012, 308 posts, RR: 0
Reply 2, posted (1 year 6 months 2 weeks 15 hours ago) and read 6270 times:

Quoting AY" class="quote" target="_blank">okAY (Thread starter):
Now, AY is reasonably healthy, who would be interested

Probably IAG.


User currently offlineokAY From Finland, joined Dec 2006, 652 posts, RR: 0
Reply 3, posted (1 year 6 months 2 weeks 14 hours ago) and read 6223 times:

My bet goes for IAG as well, I have a feeling someone has been knocking on Minister Hautala's door concerning this as she seems to be in a hurry with this.

okAY


User currently offlineHELyes From Finland, joined Oct 2010, 914 posts, RR: 1
Reply 4, posted (1 year 6 months 2 weeks 9 hours ago) and read 5823 times:

Quoting seansasLCY (Reply 1):
Could IAG be interested? Its a great hub for linking asia.

One more for IAG.. Would look good on map at least, the world nicely covered.


User currently offlinegoosebayguy From United Kingdom, joined Sep 2009, 395 posts, RR: 0
Reply 5, posted (1 year 6 months 2 weeks 6 hours ago) and read 5619 times:

IAG could have a A380 constantly flying between LHR and HEL delivering passengers for the Far East. Returning with passengers for the Americas.

User currently offlineodo From Finland, joined Jan 2005, 35 posts, RR: 0
Reply 6, posted (1 year 6 months 2 weeks 3 hours ago) and read 5411 times:

Quoting okAY (Thread starter):
Finland's national carrier Finnair has made a profit of 0.9 million euros in 2012.

That's Q4 profit. 2012 profit was 11.8 million euros.



Failure is always an option.
User currently offlineIdeekay From Switzerland, joined Jun 2012, 208 posts, RR: 1
Reply 7, posted (1 year 6 months 2 weeks 3 hours ago) and read 5341 times:

Good news, hopefully it continues with the profit and they can restore the service like they had a long time ago.

User currently offlineKFlyer From Sri Lanka, joined Mar 2007, 1226 posts, RR: 0
Reply 8, posted (1 year 6 months 2 weeks ago) and read 5199 times:

Well done to Finnair, for they thought differently and found a niche without becoming a me-too. Definitely one of the best European carriers. I hope that the direction will not change, with the CEO's resignation.


The opinions above are solely my own and do not express those of my employers or clients.
User currently offlineJU068 From Serbia, joined Aug 2009, 2579 posts, RR: 6
Reply 9, posted (1 year 6 months 1 week 6 days 16 hours ago) and read 4881 times:

Great news, so what exactly have they done to save money and to return to profitability? Does anyone know how much their partnership with flybe helped?

User currently offlineIdeekay From Switzerland, joined Jun 2012, 208 posts, RR: 1
Reply 10, posted (1 year 6 months 1 week 6 days 16 hours ago) and read 4706 times:

Quoting JU068 (Reply 9):
Great news, so what exactly have they done to save money and to return to profitability? Does anyone know how much their partnership with flybe helped?

They cutted everything, food, salaries and sold all their ground companies (Finnair technics, Catering ect.)
Could be that they got some money from the ATR's which they leased to Flybe Nordic.

As far as I know this will still continue until 2014 atleast.

[Edited 2013-02-09 02:29:05]

User currently offlineodo From Finland, joined Jan 2005, 35 posts, RR: 0
Reply 11, posted (1 year 6 months 1 week 6 days 15 hours ago) and read 4622 times:

Quoting Ideekay (Reply 10):
They cutted everything, food, salaries and sold all their ground companies (Finnair technics, Catering ect.)
Could be that they got some money from the ATR's which they leased to Flybe Nordic.

This is only half the story. Their revenues and load factor were also up quite nicely. Operational income was 44.9 million euros, that's a 100 million euro improvement over last year. You don't do that just by cutting at company of this size, they clearly have better revenue stream now.



Failure is always an option.
User currently offlineJU068 From Serbia, joined Aug 2009, 2579 posts, RR: 6
Reply 12, posted (1 year 6 months 1 week 6 days 15 hours ago) and read 4378 times:

Quoting Ideekay (Reply 10):
Quoting odo (Reply 11):

The income from the sale of these various companies, does it contribute to their overall yearly profit or not? Are they planning on outsourcing more of their cabin crew like they did with Spain or..? How did that work out for them?


User currently offlineairdfw From United States of America, joined Aug 2012, 192 posts, RR: 0
Reply 13, posted (1 year 6 months 1 week 6 days 8 hours ago) and read 4018 times:

Can AY be the EK of north? They can do nicely with East-west connection. Only thing is AY needs more North American and possibly Asian connections like DFW, LAX etc with BOM, BLR to make the east-west links. Can BA help them so that HEL is like another BA hub?

AY should make AA-BA-AY link from one side and then AY-JL-MH and may be Hainan links from other side.


User currently offlinefinnishway From Finland, joined Jul 2012, 308 posts, RR: 0
Reply 14, posted (1 year 6 months 1 week 6 days 7 hours ago) and read 3974 times:

Interesting article from the Telegraph:

http://www.telegraph.co.uk/finance/n...er-Qantas-signs-Emirates-deal.html

"British Airways is seeking a new strategic partner after Qantas ended a 17-year alliance to sign a similar deal with Dubai's Emirates".

"Asia has become a key market focus for IAG and we're talking to a number of airlines about alternative options for us".


User currently offlineteme82 From Finland, joined Mar 2007, 1505 posts, RR: 0
Reply 15, posted (1 year 6 months 1 week 5 days 16 hours ago) and read 3724 times:
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Quoting goosebayguy (Reply 5):
IAG could have a A380 constantly flying between LHR and HEL delivering passengers for the Far East. Returning with passengers for the Americas.

No gates at HEL that can handle A380 and only two buss stands. So that is just a dream.



Flying high and low
User currently offlinefinnishway From Finland, joined Jul 2012, 308 posts, RR: 0
Reply 16, posted (1 year 6 months 1 week 5 days 15 hours ago) and read 3678 times:

Quoting teme82 (Reply 15):
No gates at HEL that can handle A380 and only two buss stands. So that is just a dream.

Not yet, but that doesn't mean it wouldn't be possible in the future.


User currently offlineokAY From Finland, joined Dec 2006, 652 posts, RR: 0
Reply 17, posted (1 year 6 months 1 week 5 days 14 hours ago) and read 3619 times:

Quoting odo (Reply 6):

I stand corrected, my bad.

Quoting teme82 (Reply 15):

5-6 years almost no airport in the world was able to accommodate A380. It is just a question of building facilities.

Interesting article in Telegraph. AY must be one of the airlines they are in talks with. Who else is at the table, what you think? Maybe an Asian counterpart?

okAY


User currently offlinefinnishway From Finland, joined Jul 2012, 308 posts, RR: 0
Reply 18, posted (1 year 6 months 1 week 5 days 14 hours ago) and read 3585 times:

Quoting okAY (Reply 17):
Who else is at the table, what you think? Maybe an Asian counterpart?

I would say JL.


User currently offlineContinental From United States of America, joined Jun 2000, 5516 posts, RR: 18
Reply 19, posted (1 year 6 months 1 week 5 days 9 hours ago) and read 3402 times:

Partially because I convinced my family to fly Finnair to LJU this past summer!  

This is excellent news. I enjoyed flying them. Their entire product seemed fresh and efficient. Why no additional USA connections? It's hard to believe they only fly to JFK. Could LAX or DFW ever work? I know AA does ORD in the summer. Even though they're so far north, they seem to offer service to much of Europe so shouldn't the connections help fill the USA-Finland flights?


User currently offlinePolot From United States of America, joined Jul 2011, 2157 posts, RR: 1
Reply 20, posted (1 year 6 months 1 week 5 days 9 hours ago) and read 3402 times:

Quoting goosebayguy (Reply 5):
IAG could have a A380 constantly flying between LHR and HEL delivering passengers for the Far East. Returning with passengers for the Americas.

That is never going to happen, sorry.


User currently offlinefinnishway From Finland, joined Jul 2012, 308 posts, RR: 0
Reply 21, posted (1 year 6 months 1 week 5 days 8 hours ago) and read 3349 times:

Quoting Continental (Reply 19):
Why no additional USA connections? It's hard to believe they only fly to JFK. Could LAX or DFW ever work?

I have wondered that for many years. Their strategy is to fly to Asia which is one reason for that and the other one is that they don't have enough planes. It will be interesting to see what they are going to do with the A330 when A350 arrives. I am not expecting Finnair to start new routes to USA, but I would like to see AA operating MIA-HEL in the winter and ORD-HEL in the summer.

According to Wikipedia Finnair has flown to BOS, DTW, FLL, ORD, LAX, SEA and SFO.

HEL-LAX could actually work well, because there is no direct flights to LAX from Nordic countries or Baltic states. The nearest options are Germany and Russia. Why don't start route from HEL to LAX and get the passengers from Baltic states, Russia and Scandinavia?

In 2011 about 70 000 passengers used AA's ORD-HEL route, according to Finavia. We have to remember that it was only a seasonal route! New York was third busiest destination outside Europe in 2011.

I would like to see Delta returning to HEL, but that probably won't happen in the near future.


User currently offlineLHRFlyer From United Kingdom, joined Apr 2010, 815 posts, RR: 1
Reply 22, posted (1 year 6 months 1 week 5 days 8 hours ago) and read 3310 times:

Finnair could be a good investment for IAG and the marketing distribution of IAG members and the Avios currency would help provide a lot of feeder traffic. It does have a natural fit into the group with BA focused on North America and Iberia focused on Latin America. Plus there are the cost synergies with IAG.

My only doubt is that BA itself is now growing in Asia and adding new destinations and may see Finnair adding unecessary duplication (geographic advantages of HEL as an Asian notwithstanding).


User currently offlinefinnishway From Finland, joined Jul 2012, 308 posts, RR: 0
Reply 23, posted (1 year 6 months 1 week 5 days 8 hours ago) and read 3299 times:

Quoting LHRFlyer (Reply 22):
My only doubt is that BA itself is now growing in Asia and adding new destinations and may see Finnair adding unecessary duplication (geographic advantages of HEL as an Asian notwithstanding).

That is why the partner could be JL instead of AY.


User currently offlineQANTASvJet From United Kingdom, joined Sep 2012, 78 posts, RR: 0
Reply 24, posted (1 year 6 months 1 week 5 days 7 hours ago) and read 3229 times:

An IAG purchase would be great. Have long thought that IAG needs to focus BA on North Atlantic, IB (once it gets knocked into shape) on Africa and Latin America, and absorb AY to provide the lead on Asia (helped by anti-trust protection with CX and JL). But it does require the development of a really effective and financially viable intra-European operation to feed the resultant three hubs, as well as a credit rating that would allow IAG to invest in an expanded long-haul AY fleet, not to mention the Finnish government's support for the deal. Alas given current realities, this all feels pretty unrealistic.

25 HELyes : Yes would be cool to see them flying more routes to US! They once had scheduled service to SEA, LAX and SFO, my first scheduled long haul flight was
26 Polot : That would work if IAG operated in a vacuum and had no competitors. But since they don't that strategy would be crushed by others focusing on areas f
27 Post contains images finnishway : Never should copy from Wikipedia [Edited 2013-02-10 12:46:54]
28 sailas : How about Qatar airlines? Theyll join one world soon enough...Imagine Ay and qatar togther...
29 QANTASvJet : One hub doesnt give you fewer connections: just less convenient ones. Of course BA would still (for example) fly direct LHR to HKG direct, since it's
30 ju068 : Why doesn't Finnair try to enter the United States-Asia market? I suppose that their brand is well known in Asia so this should make things easier, a
31 doug_Or : Because the USA is not in Europe. LAX-NRT is almsot exactly half the distance of LAX-HEL-NRT. JFK-HEL-NRT takes 50% longer than JFK-NRT.
32 ju068 : Ok, fine for Tokyo but what about India, Thailand or Singapore?
33 HELyes : JFK-HEL-India could work, maybe... The great circle route JFK-BOM goes via HEL. AY served BOM for a while, that time the problem was the JFK/BOM time
34 ju068 : Great, thanks for the clarification. I do wonder what kind of passengers they carry to/from New Delhi. Flying from Europe to New Delhi via Helsinki i
35 doug_Or : Huh. They actually kind of work. I picked NRT not because I wanted to make HEL look bad, but because it was close to HEL and one of the biggest air m
36 ju068 : I knew you didn't want to trash Helsinki but I just asked about these ones because I was wondering if they might work. Then again, it also depends on
37 RyanairGuru : This is the biggest problem, and one that all European airlines have unless they run several daily flights on a route. Flights from North America arr
38 HELyes : Not much O&D, mostly connections. Actually their DEL route works ok for Northern Europe, even for MAN: MAN-HEL-DEL 3805 nm MAN-LHR-DEL 3773 nm MA
39 ju068 : Great, thanks. Well, for some reasons I found the ceiling freakishly low in Helsinki, especially in that one area before taking the stairs to go coll
40 HELyes : AY's only 2x daily long haul service is BKK in winter, but even that doesn't work with their JFK service.
41 finnishway : Only because Finnish people are so stupid that they want to travel to Thailand every year. I can't stand people who think Thailand is "cool". People
42 okAY : As cool as America-Asia gateway sounds, it is not something one can create overnight and would need a whole new strategy which could become difficult
43 sailas : Calm down. I think it is nice to see Finns traveling. Its good for AY, and for future business.
44 finnishway : Yes, but to wrong direction.
45 Post contains images sailas : There is no right or wrong direction. Thailand is good for business especially for AY. Many Thai people work in AY and in Finland so it is nice to see
46 HELyes : You mean Finns should travel to Florida instead of Thailand for sun? I think many would if money wasn't an issue, hard to beat the prices in Thailand
47 Post contains images HELyes : They will use A333 to Hanoi. If you book the Thursday flights from DXB you'll get A340 Thank God their 757's are soon (by Jan 2014?) gone..
48 finnishway : People shouldn't travel anywhere for sun in my opinion, but Florida is better than Thailand. Florida or Canary Islands aren't more expensive than Tha
49 sailas : i checked the 28th of march, which is a Thursday, but apparently they have no fights on that day. Are flight to DXB really that full even from Finland
50 Post contains images okAY : A nightmare-statement for anyone working for airline marketing!
51 Post contains images ju068 : lol.. funny that a Finn says that.
52 Post contains images HELyes : Seems 14th was the last one, the season is over
53 HELyes : Florida is great but it's hard to compare the products if one is not on the menu... For a start, we would need flights to Florida. For some reason Cub
54 finnishway : Where do we need direct routes? Charter flights sucks also. I try to avoid charter flights as much as I can, because they are always full of drunk pe
55 AY-MD11 : Why you care so much where someone wants to go on theyr holiday? If someone wants to go to Thailand or Canary Islands let them do what they want,its
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