Finnair increases its savings target to approximately 100 million euros of permanent cost base reductions by 2022 onwards, superseding the previously announced target
Finnair Plc Stock Exchange Release 25 August 2020 at 12.00 p.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. After a thorough review of the sources for these potential savings, and in recognition that certain elements of the COVID-19 impact, such as remote working and its effect on business travel, are likely to be longer-term in nature, Finnair has increased its savings target by 20 million euros, increasing its initial expectations for a permanent reduction in