Here is a company preview report on Finnair from Antti and Kaisa, ahead of its Q1 results next Wednesday. ![]()
We have raised our Finnair Q1 estimates following stronger-than-expected traffic data and estimate that the operating result has improved significantly from the comparison period. We expect Finnair to reiterate its guidance and achieve it despite cost pressures. In our view, however, the earnings improvement aligned with our forecasts is already priced into the stock, which is why the expected return on a one-year horizon remains below our required rate of return in our models. Consequently, we are making no changes to our view on Finnair ahead of the Q1 report.