One of the few positive aspects of the interim report is that demand for air cargo remained strong, which enabled the airline to resume flights on certain Asian routes, Helsingin Sanomat wrote.
“The external operating environment was very difficult. But the things we were able to influence went well. ” Topi MannerFinnair’s CEO was borrowed in a earnings call held in Vantaa on Wednesday.
The mainland reiterated its appeal to the government on travel restrictions, stressing that they are forcing the airline to fly about two or three times fewer flights than its competitors. In his opinion, the reasons for easing the restrictions exist, because infections imported from abroad have not significantly affected the recently reported quantities in Finland.
“The state must make decisions that allow us to act,” he pleaded.
Finnair currently plans to perform about 20 percent of the flights it made last year during the winter season. However, the percentage may increase if travel restrictions are relaxed.
The airline forecasts its operating result to be close to the previous two quarters between October and December. The situation consumes its cash register day by day: it reported negative cash flow of EUR 464 million in the second quarter and EUR 267 million in the third quarter.
According to Manner, the carrier’s cash will remain in good condition due to the provision of state subsidies and rights last summer. He said that Finnair could survive by flying few or few flights until the end of next year.
Aleksi Teivainen – HT