newstodate.aero

Nov 08, 2019 (newstodate): Finnair has set ambitious targets for the 2020-2025 strategy period, to be elaborated upon at its Capital Markets Day on November 12, 2019, aiming at sustainable and profitable growth rather than continued expansion.
   Finnair will be aiming at a comparable EBIT of over 7.5 percent over the cycle at constant fuel and currency, after a 12-18 month build-up period, a ROCE of over 10 percent over the cycle at constant fuel and currency, after a 12-18 month build-up period, an on-time-performance of over 85 percent, as well as improved Net Promoter Score and improved employee Net promoter score.
   Needless to say, the two parameters fuel price and currency rates are well beyond the carrier's control .
   At the Capital Markets Day, Finnair will also elaborate on network and fleet optimization, operational excellence, retailing strategy and sustainability.
   Finnair will also increase the share of owned versus leased aircraft, which stood at 45 percent by the end of 2017, rising to 47 percent by the end of 2018.
   In 2018, of a total of 57 aircraft in the fleet, 27 were owned, 22 were operated on operational lease agreements, and eight on financial lease contracts.