Finnair Oyj - Company Announcement

PROFIT WARNING: CABIN STAFF STRIKE EXPECTED TO TURN FINNAIR'S FULL-YEAR OPERATIONAL RESULT INTO A LOSS

FINNAIR PLC	STOCK EXCHANGE RELEASE	30.11.2010 AT 8.45
The strike directed at Finnair by the Finnish Cabin Crew Union (SLSY),
beginning Tuesday 30 November, is expected to give rise to significant earnings
losses for Finnair due to a loss of bookings in the period during and
surrounding the strike. In addition, significant additional costs will arise
from exceptional arrangements. As a result of these factors, Finnair's
full-year operational result is expected to decline into a loss. During the
strike, the direct net loss to Finnair will be 2-2.5 million euros per day. 
The Finnair Group's nine-month operational result this year was 2 million
euros. Earlier profit guidance given in August projected a profit for the final
quarter, so the full-year operational result at that time was expected to be a
profit. 
In a rapidly tightening competitive situation, Finnair's objective is to
achieve significant savings in unit costs also in terms of cabin staff. The
collective agreement negotiations and conciliation that began in February and
broke down today have not proceeded, however, in the desired direction. 


Finnair Plc 
Communications

Taneli Hassinen
Vice President, Financial Communications and Investor Relations 
tel. +358 9 818 4976