contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Finnair is a Finnish airline. The company offers a wide range of destinations to and from Europe, and to a large part of the world's continents. The flights are mainly found around the Nordic countries, Europe and Asia. In addition to regular flights, long-haul flights are offered. The company was founded in 1923 and is headquartered in Vantaa, Finland. 

Here are Antti’s and Kaisa’s comments on Finnair’s performance in January  Finnair published its January traffic data report on Thursday. Overall, the report was quite neutral, as a passenger load factor higher than our forecasts compensated for volumes that fell short of our expectations. As a positive addition, the company introduced unit revenue as a new metric in the report, which improves the accuracy of monthly monitoring. We will update our view on Finnair after the release of next week’s financial statements bulletin.                   Inderes              Finnair: Tammikuun liikennedata oli suunnilleen odotusten mukainen - Inderes    Ennusteitamme korkeampi matkustajakäyttöaste paikkasi odotuksistamme jääneitä volyymeja.

Here are Antti’s and Kaisa’s preview comments as Finnair reports its Q4 results next Wednesday  Demand for air travel has remained reasonable, and traffic data for the quarter indicates moderate growth. Relative to a strong comparison period, we estimate that Finnair’s results have been hampered by the burden of flight cancellations as well as rising biofuel costs and navigation fees. The most interesting part of the report is the earnings guidance for the current year, which we expect to indicate a clear improvement in results as the burdens of industrial actions recede. On the other hand, we do not expect Finnair to pay a dividend for what has been an exceptionally fragmented year.                   Inderes              Finnair Q4’25 -ennakko: Odotuksissa vakaata lentoa - Inderes    Kvartaalin liikennedata indikoi maltillista kasvua, mutta kustannuspaineet ja lentojen peruutukset painavat yhä Finnairin tulostasoa suhteessa vahvaan vertailukauteen.

Emirates has not traditionally competed on price, but rather on service and quality. Finnair has cut these from its own operations and is competing mainly with Emirates’ low-cost carrier Fly Dubai. It will be interesting to see if Finnish customers can be found at higher prices. If I had to bet, I’d say no.

Specifically speaking about the Dubai route, I definitely agree that the additional capacity brought by Emirates’ daily wide-body aircraft is significant relative to the probable demand/market size. Thus, I would not be at all surprised if the pricing on said route faces pressure as supply increases when Emirates begins operations. Based on Middle East traffic data and interim reports, I would also suspect that Helsinki-Dubai as an individual route has been quite good for Finnair, as load factors rose high after the termination of Qatar’s flights from Stockholm and Copenhagen, and in my opinion, Middle Eastern average yield levels have also been good. Even though Finnair is a network carrier that optimizes the whole, there have been no onward routes from Dubai and, on the other hand, little potential for connecting traffic via Helsinki purely due to geography, so I believe analyzing the individual route is relevant. Regarding connecting passengers, I also think the competitive landscape is exactly as you described, meaning primarily Finnair/Qatar with a transfer in Doha versus Emirates with a transfer in Dubai towards Asia, Africa, and Oceania. In direct traffic to Dubai or the United Arab Emirates, it’s then Finnair versus Emirates, and in fact, it seems Norwegian is also in the competition with a few weekly frequencies between Helsinki and Dubai operated by narrow-body aircraft.

Antti and Kaisa’s assessment is likely quite accurate considering the big picture, but I personally don’t believe there is room for two wide-body aircraft daily on the Helsinki-Dubai route. Finnair probably doesn’t have many connecting flights to offer from Dubai, whereas with Emirates, you can reach practically anywhere in the Eastern and Southern hemispheres from there. Through Doha, Finnair is able to feed passengers with the help of Qatar Airways to more or less the same routes as Emirates, so Finnair isn’t completely out of the game even after Emirates’ arrival. However, there is starting to be plenty of supply for connecting passengers heading east and south with reasonable layover times offered by Turkish, Qatar, and Emirates—and, of course, the European airlines in addition to these. In this situation, Finnair likely has no choice before the return of Russian overflights other than to try and stay healthy in terms of its balance sheet and bottom line. Just by glancing at a globe, it is easy to see that one cannot get large passenger volumes from Helsinki except in the direction of the east. However, the company cannot survive on Finnish passengers alone.

Here are Antti’s and Kaisa’s comments on how the opening of Emirates’ Helsinki–Dubai route intensifies competition in Finnair’s Middle East traffic. The opening of Emirates’ Helsinki–Dubai route intensifies competition in Finnair’s Middle East traffic, but in our assessment, the direct financial impact of the opening will remain limited. The news does, however, highlight the already challenging competitive environment in long-haul traffic.                   Inderes              Finnair: Emiratesin avaus kiristää kilpailua suorien taloudellisten...    Emiratesin Helsinki–Dubai-reitin avaus kiristää kilpailua Finnairin Lähi-idän liikenteessä, mutta avauksen suora taloudellinen vaikutus jää arviomme mukaan rajalliseksi.

Here are Antti and Kaisa’s comments on Finnair’s December traffic data.  Finnair published its traffic report for December on Thursday. Overall, the report was slightly stronger than our expectations, as passenger volumes slightly exceeded our forecasts, although the passenger load factor fell slightly more than we expected. We will update our Q4 estimates for Finnair if necessary before the financial statements bulletin, which the company will publish on Wednesday, February 11.                   Inderes              Finnair: Liikennedata oli joulukuussa hieman odotuksiamme vahvempaa - Inderes    Matkustajavolyymien hyvää kehitystä vertailukauteen nähden selittää etenkin viime vuoden joulukuussa pakkaa sekoittaneet työtaistelutoimet.

Finnair

Finnair reports Q4 results on Feb 11. FY’25 was challenging due to labor issues, but right now the operating environment is mostly quite favorable so that EBIT should rebound well. Yet earnings...

Finnair reports Q4 results on Feb 11. FY’25 was challenging due to labor issues, but right now the operating environment is mostly quite favorable so that EBIT should rebound well. Yet earnings multiples already reflect the positive trends.