Finnair Predicts Coronavirus Will Have Limited Impact on Financials of Airlines
Skift Take
As long as the flight suspensions don't last too long, Finnair thinks the impact of the coronavirus outbreak should be fairly limited. The problem is at the moment no one knows exactly how quickly, or how easily, it will spread across the rest of Asia and possibly the world.
Finnair CEO Topi Manner expects the coronavirus outbreak to have a “relatively limited” impact on the airline’s financials and believes the aviation market will be pretty quick to recover once the situation is under control.
Like other airlines, Finnair canceled flights to the country last week. For the Beijing Capital and Shanghai routes, the stoppage is until end of February and for Guangzhou, Beijing Daxing and Nanjing routes, it is the end of March. In total this will affect around 200 flights.
Manner said the reason he expects the impact to be relativity small is that the period after Chinese New Year is typically the slowest of the year and the “weakest in terms of profitability
