Finnair adjusts volume-driven costs in line with demand and additionally targets almost 80-million-euro permanent cost base decline from 2022 onwards
Finnair Plc Stock Exchange Release 20 May 2020 at 9.16 a.m. EEST Finnair adjusts its volume-driven costs in line with demand. Due to for example the Finnish temporary layoff practices, a significant part of Finnair’s costs can be adjusted in accordance with demand in the prevailing market conditions. In 2019, volume-driven costs formed c. 60% of Finnair’s total cost base. In addition, Finnair targets almost 80-million-euro permanent cost base decline starting from year 2022 compared to year 2019. Finnair seeks savings in for example real estate costs, aircraft