Finnair increases its savings target to 140 million euros of permanent cost base reductions by 2022 onwards, superseding the previously announced target
Finnair Plc Stock Exchange Release 28 October 2020 at 9.00 a.m. EET 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. Finnair has made good progress in the cost savings programme and has also identified new savings opportunities. As a result, Finnair has increased its savings target by 40 million euros, increasing its previous expectations for a permanent