Finnair targets c. 200-million-euro permanent cost base reduction by 2022 onwards, based on 2019 operational volumes, superseding the previously announced target
Finnair Plc Stock Exchange Release 15 July 2021 at 9.00 a.m. EEST On 20 May 2020, Finnair announced that it was targeting nearly 80 million euros in permanent cost base reductions by 2022, compared to 2019 levels. The company updated the same target in its announcement on 25 August 2020 by increasing it to c. 100 million euros, updated it again on 28 October 2020 to c. 140 million euros and on 27 April 2021 to c. 170 million euros. Finnair has made good progress in the cost savings programme and will reach this target ahead of the schedule. At the same time, it has