Finnair starts to plan a €20 million cost-efficiency programme

Juliette O'Neill
By Juliette O'Neill August 17, 2016 15:58

Finnair starts to plan a €20 million cost-efficiency programme

Targeting sustainable improvement in profitability is a prerequisite for Finnair’s accelerated growth strategy announced in spring 2016. The airline is now seeking to achieve permanent savings through various efficiency-improvement measures, amounting to €20 million annually by the end of June 2017.

”In order to be able to invest in growth and continue on our chosen path, we must ensure that our unit costs continue to decline. With that in mind, we are now proactively taking steps to deliberate together with our personnel about the measures we could utilise to improve our result and sustain the preconditions for the implementation of our growth strategy”, states CEO Pekka Vauramo.

Finnair expects to finalise the plans on the main areas of the cost-efficiency programme during the next few months.

Juliette O'Neill
By Juliette O'Neill August 17, 2016 15:58