Finnair looks to increase capacity 10% in 2024 despite Q1 losses

Despite registering an operating loss of -€17.2 million ($18.37 million) in the first quarter of 2024, Finnair is looking to increase its total capacity by more than 10% during the year, including utilising wet lease options to augment growth primarily focusing on the Asian and European regions (with leasing options predicted to grow at a “similar pace” to 2023). “This has been a different quarter from an operational perspective,” highlighted current CEO Topi Manner during the company’s earnings call, describing that a negative quarter (following six positive ones) was “always a disappointment”. Citing operational impacts from the ongoing Ukraine conflict