Finnair delays premium economy cabin class rollout to 2022

    Finnair reported (18-Feb-2021) it is maintaining plans to introduce its new premium economy cabin, however the rollout has been delayed from 2021 to 2022 due to the COVID-19 pandemic. The airline forecasts a comparable operating loss in 1Q2021 to operating results in the last three quarters of 2020 due to continued strict travel restrictions in response to COVID-19. The carrier noted that it will maintain a limited network during 1Q2021, adding that visibility thereafter remains weak and with several scenarios of the timing of the recovery in demand excluding additional guidance currently. Finnair CEO Topi Manner said the carrier expects travel to begin to recover from summer 2021 onwards as vaccination coverage increases and countries start lifting travel restrictions. He added: “We intend to come out stronger and serve our customers even better when the market starts moving. We have enhanced the agility of our operations so that we can act fast when our customers are again ready to travel”. Finnair stated it will update its outlook and guidance in connection with its 1Q2021 interim report. [more – original PR]

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