Here is a new company report from Antti and Kaisa. 
Finnair is seeking a clear growth-driven increase in margins during the new strategy period and also strengthened its financial base for the implementation of the upcoming investment program. Although the stock’s return expectation would be strong if the financial targets are met, Finnair still has a lot to prove regarding maintaining capital-efficient and sustainably profitable growth in a shock-sensitive industry. In our assessment, the forecast-driven earnings improvement has already been priced into the stock, and thus, with a one-year horizon, the return expectation remains below our required rate of return. Therefore, we reiterate our reduce recommendation for Finnair and our target price of 2.70 euros.