Finnair Targets €20m In Operational Savings By 2017

Finnair has outlined a savings programme which aims to achieve operational costs of €20m ($22.6m) by June 2017.

Finnair has outlined a savings programme which aims to achieve operational costs of €20m ($22.6m) by June 2017.

The airline, which had previously undergone a savings programme from 2011 to 2014, is aiming for sustained profitability following a $100.7m net earnings in 2015.

Helsinki-based Finnair said it would finalise plans for the main areas of cost-cutting exercises over the next couple of months.

Pekka Vauramo, Finnair’s CEO, said: “In order to be able to invest in growth and continue on our chosen path, we must ensure that our unit costs continue to decline.

"With that in mind, we are now proactively taking steps to deliberate together with our personnel about the measures we could utilise to improve our result and sustain the preconditions for the implementation of our growth strategy.”

 

TAGS: Europe
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