Finnair to decrease its fleet, and cut expenses as part of a new plan to address its financial issues

Finnair will decrease its fleet, cut expenses, and strive to construct a more geographically balanced network as part of a new plan to address its financial issues, the Finnish national airline announced on Monday.

Since the shutdown of Russian airspace due to the Ukraine war cut off its formerly profitable Asian connections via a northern route, Finnair has been developing a new strategy and looking for new financially viable routes.

Finnair stated that it will strive to lower unit costs by 15% from 2019 levels while simultaneously shrinking its fleet. “The changes in our operating environment need a new strategy and major rejuvenation of Finnair, particularly in terms of expenses,” said CEO Topi Manner in a statement.