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Updated 5h ago
FIA1S logo

Finnair OyjHLSE:FIA1S Stock Report

Market Cap €926.3m
Updated 5h ago
Share Price
n/a
1Y48.6%
7D-1.2%
1D1.1%
Portfolio Value
​
View

Finnair Oyj

HLSE:FIA1S Stock Report

Market Cap: €926.3m

  • Company Overview
  • Valuation
  • Future Growth
  • Past Performance
  • Financial Health
  • Dividend
  • Management
  • Ownership
  • Other Information
  • Stock Community

Finnair Oyj (FIA1S) Stock Overview

Operates in the airline business in North Atlantic, Asia, Europe, the Middle East, and internationally. More details

FIA1S fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance4/6
Financial Health5/6
Dividends1/6

Rewards

Price-To-Earnings ratio (8.8x) is below the Finnish market (18.9x)

Earnings grew by 900% over the past year

Trading at good value compared to peers and industry

Risk Analysis

Earnings are forecast to decline by an average of 6.8% per year for the next 3 years

Large one-off items impacting financial results

Volatile share price over the past 3 months compared to the Finnish market


FIA1S Community Fair Values

Create Narrative

See what 18 others think this stock is worth. Follow their fair value or set your own to get alerts.

Analyst Price Targets

AN
AnalystConsensusTarget
33.1% overvalued intrinsic discount
AnalystConsensusTarget
•2mo ago

Fleet Reliability Agreements And 10% Capacity Expansion Will Drive Operational Efficiency

122
0
13
AN
AnalystHighTarget
14.2% overvalued intrinsic discount
AnalystHighTarget
•1mo ago

Future Asia Hub Expansion And Loyalty Momentum Will Face Mounting Earnings Risks

5
0
0
AN
AnalystLowTarget
57.6% overvalued intrinsic discount
AnalystLowTarget
•2mo ago

Fuel Exposure And Fleet Expansion Will Pressure Margins And Weaken The Outlook

5
0
0

Top Analyst Narratives

AN
AnalystConsensusTarget
33.1% overvalued intrinsic discount
AnalystConsensusTarget
•2mo ago

Fleet Reliability Agreements And 10% Capacity Expansion Will Drive Operational Efficiency

122
0
13
AN
AnalystHighTarget
14.2% overvalued intrinsic discount
AnalystHighTarget
•1mo ago

Future Asia Hub Expansion And Loyalty Momentum Will Face Mounting Earnings Risks

5
0
0
AN
AnalystLowTarget
57.6% overvalued intrinsic discount
AnalystLowTarget
•2mo ago

Fuel Exposure And Fleet Expansion Will Pressure Margins And Weaken The Outlook

5
0
0
View all narratives

Finnair Oyj Competitors

Posti Group Oyj

Symbol: HLSE:POSTI
Market cap: €539.5m

Jazeera Airways K.S.C.P

Symbol: KWSE:JAZEERA
Market cap: د.ك369.9m

Aegean Airlines

Symbol: ATSE:AEGN
Market cap: €1.0b

Bangkok Airways

Symbol: SET:BA
Market cap: ฿38.0b

Price History & Performance

Summary of share price highs, lows and changes for Finnair Oyj
Historical stock prices
Current Share Price€4.57
52 Week High€5.53
52 Week Low€2.57
Beta1.25
1 Month Change-7.53%
3 Month Change0.088%
1 Year Change48.57%
3 Year Change-91.53%
5 Year Change-93.24%
Change since IPO-98.06%

Recent News & Updates

User avatar
New Narrative • Jul 24

Future Asia Hub Expansion And Loyalty Momentum Will Face Mounting Earnings Risks

Catalysts About Finnair Oyj Finnair Oyj is a Finland based airline focused on passenger, cargo and leisure travel services through its Helsinki hub. What are the underlying business or industry changes driving this perspective?
Analysis Article • Jul 24

Finnair Oyj Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Last week, you might have seen that Finnair Oyj ( HEL:FIA1S ) released its quarterly result to the market. The early...

Recent updates

User avatar
New Narrative • Jul 24

Future Asia Hub Expansion And Loyalty Momentum Will Face Mounting Earnings Risks

Catalysts About Finnair Oyj Finnair Oyj is a Finland based airline focused on passenger, cargo and leisure travel services through its Helsinki hub. What are the underlying business or industry changes driving this perspective?
Analysis Article • Jul 24

Finnair Oyj Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Last week, you might have seen that Finnair Oyj ( HEL:FIA1S ) released its quarterly result to the market. The early...
User avatar
New Narrative • Jul 08

Fuel Exposure And Fleet Expansion Will Pressure Margins And Weaken The Outlook

Catalysts About Finnair Oyj Finnair Oyj operates as a network airline focusing on passenger and travel services with a hub at Helsinki Airport. What are the underlying business or industry changes driving this perspective?
User avatar
Narrative Update • Jun 23

FIA1S: Post 2026 Unit Revenue Weakness Will Likely Weigh On Shares

Analysts have raised their price target on Finnair Oyj from €3.10 to €3.60, citing an updated view on fair value and earnings multiples, while still anticipating unit revenues to normalize and then weaken after 2026. What’s in the News for Finnair Oyj Finnair Oyj is in discussions with SpaceX's Starlink and Amazon's Leo to equip its fleet with inflight Wi‑Fi, with a plan expected to be in place by this year, according to Bloomberg (Kate Duffy).
Analysis Article • Jun 18

Finnair Oyj (HLSE:FIA1S) Stock Could Be 51.4% Overvalued After May Traffic Update

How May’s traffic data frames Finnair Oyj stock Finnair Oyj (HLSE:FIA1S) has released detailed May 2026 traffic figures, providing a fresh snapshot of how its network is being used and how full its planes are across key routes. For May, the airline carried 1,092,900 passengers, with 3,557.8 million available seat kilometres and 2,760.2 million revenue passenger kilometres. This resulted in a 77.6% passenger load factor. Year to date, Finnair Oyj has flown 4,954,400 passengers, with 16,308.5...
User avatar
Narrative Update • Jun 06

FIA1S: Expected Post 2026 Unit Revenue Weakness Will Pressure Shares

Finnair Oyj's analyst fair value estimate has shifted from €3.00 to about €3.17, reflecting updated price targets. Recent Street research lifted one target from €3.10 to €3.60, while another reiterated €2.80, as analysts factor in expectations for unit revenue trends and fuel costs over the next few years.
User avatar
Narrative Update • May 18

FIA1S: Elevated Fuel Costs Will Constrain Shares Despite Fleet Renewal Hopes

Finnair Oyj's analyst fair value estimate has shifted slightly from €2.90 to €3.00, with analysts pointing to recent rating changes around the €2.80 price target and expectations that fuel cost trends could eventually support airline shares once current disruptions ease. Analyst Commentary Recent research commentary around Finnair focuses on how fuel costs and the broader operating backdrop could intersect with the stock's valuation and ratings.
User avatar
Narrative Update • Apr 26

FIA1S: Fuel Cost Relief And Fleet Renewal Will Shape Future Balance

Finnair Oyj's analyst fair value estimate has shifted from €3.03 to €2.90. This reflects updated assumptions on growth and profitability as analysts respond to recent price target moves around €2.80 and changing views on sector risks and fuel costs.
User avatar
Narrative Update • Apr 11

FIA1S: Fuel Cost Relief And Fleet Renewal Will Shape Balanced Outlook

Analysts now cite a reduced price target of €2.80 from €2.90 and a shift in stance toward a more neutral view. They point to expectations that fuel costs could ease once the current air campaign ends and potentially support airline shares, while updated assumptions reflect slightly adjusted revenue growth, profit margin and future P/E inputs.
User avatar
Narrative Update • Mar 28

FIA1S: Future P/E Will Balance Fuel Relief And Execution Risks

Finnair Oyj's analyst price target has moved slightly lower from €2.90 to €2.80. Analysts link the adjustment to expectations that current fuel and geopolitical pressures could ease once the air campaign ends, which they see as a potential support for airline shares overall.
User avatar
Narrative Update • Mar 13

FIA1S: Future P/E Will Reflect Fuel And Traffic Execution Risks

Analysts have inched their fair value estimate for Finnair slightly lower to €3.03 from €3.07, reflecting updated assumptions around growth and profitability, while citing recent research that trimmed the price target to €2.80 but later upgraded the shares to an Equal Weight stance as fuel and industry conditions are reassessed. Analyst Commentary Recent research updates provide a mixed but useful view of how analysts see Finnair Oyj today, particularly around valuation and how the business might perform under shifting fuel and industry conditions.
User avatar
Narrative Update • Feb 27

FIA1S: Future P/E Assumptions Will Likely Prove Too Optimistic

Analysts have lifted their price target on Finnair Oyj from €2.97 to €3.07, citing updated assumptions around higher revenue growth, a different profit margin profile and a revised future P/E of 7.97x. What's in the News Finnair issued earnings guidance for 2026, indicating expected revenue of €3.3b to €3.4b and a comparable operating result of €120m to €190m, giving investors a forward view of management targets (company guidance).
Analysis Article • Feb 19

Some May Be Optimistic About Finnair Oyj's (HEL:FIA1S) Earnings

Finnair Oyj's ( HEL:FIA1S ) recent soft profit numbers didn't appear to worry shareholders, as the stock price showed...
User avatar
Narrative Update • Feb 13

FIA1S: Higher Margin Assumptions Will Clash With Reduced Future P/E Multiple

The updated analyst price target for Finnair Oyj moves from €2.75 to about €2.97. Analysts point to revised assumptions for fair value, discount rate, profit margin and future P/E as the key drivers behind the change.
Analysis Article • Feb 05

Finnair Oyj (HEL:FIA1S) Takes On Some Risk With Its Use Of Debt

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article • Jan 14

Finnair Oyj's (HEL:FIA1S) P/S Still Appears To Be Reasonable

With a median price-to-sales (or "P/S") ratio of close to 0.4x in the Airlines industry in Finland, you could be...
Analysis Article • Dec 17

The Return Trends At Finnair Oyj (HEL:FIA1S) Look Promising

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'd want to...
Analysis Article • Nov 03

Earnings Miss: Finnair Oyj Missed EPS By 18% And Analysts Are Revising Their Forecasts

The quarterly results for Finnair Oyj ( HEL:FIA1S ) were released last week, making it a good time to revisit its...
User avatar
Narrative Update • Oct 26

Fleet Reliability Agreements And 10% Capacity Expansion Will Drive Operational Efficiency

Analysts have raised their price target for Finnair Oyj from €2.60 to €2.75. This reflects a slightly improved outlook based on adjustments to fair value assumptions and discount rates.
Analysis Article • Aug 09

Is Finnair Oyj (HEL:FIA1S) A Risky Investment?

HLSE:FIA1S 1 Year Share Price vs Fair Value Explore Finnair Oyj's Fair Values from the Community and select yours The...
Analysis Article • Jun 18

Is Finnair Oyj (HEL:FIA1S) Potentially Undervalued?

Finnair Oyj ( HEL:FIA1S ), might not be a large cap stock, but it saw a decent share price growth of 13% on the HLSE...
Analysis Article • May 08

There May Be Reason For Hope In Finnair Oyj's (HEL:FIA1S) Disappointing Earnings

Finnair Oyj's ( HEL:FIA1S ) earnings announcement last week contained some soft numbers, disappointing investors. We...
Analysis Article • Apr 06

Finnair Oyj's (HEL:FIA1S) Share Price Is Still Matching Investor Opinion Despite 29% Slump

The Finnair Oyj ( HEL:FIA1S ) share price has softened a substantial 29% over the previous 30 days, handing back much...
Analysis Article • Mar 24

Finnair Oyj (HEL:FIA1S) Has A Somewhat Strained Balance Sheet

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
User avatar
New Narrative • Mar 13

Despite Cost Pressures, New Routes And Partnerships May Strengthen Future Prospects

Focus on customer centricity and frequent flyers is poised to drive revenue growth through added value for core customers.
Analysis Article • Feb 14

Finnair Oyj's (HEL:FIA1S) Shares Leap 31% Yet They're Still Not Telling The Full Story

The Finnair Oyj ( HEL:FIA1S ) share price has done very well over the last month, posting an excellent gain of 31%. Not...
Analysis Article • Dec 10

Returns At Finnair Oyj (HEL:FIA1S) Appear To Be Weighed Down

To find a multi-bagger stock, what are the underlying trends we should look for in a business? One common approach is...
Analysis Article • Nov 06

Finnair Oyj's (HEL:FIA1S) Earnings Quality Is Low

The recent earnings release from Finnair Oyj ( HEL:FIA1S ) was disappointing to investors. We think there is more to...
Analysis Article • Oct 31

Earnings Update: Finnair Oyj (HEL:FIA1S) Just Reported Its Third-Quarter Results And Analysts Are Updating Their Forecasts

As you might know, Finnair Oyj ( HEL:FIA1S ) last week released its latest third-quarter, and things did not turn out...
Analysis Article • Jul 24

Finnair Oyj Just Missed EPS By 44%: Here's What Analysts Think Will Happen Next

It's been a mediocre week for Finnair Oyj ( HEL:FIA1S ) shareholders, with the stock dropping 10% to €2.33 in the week...

Shareholder Returns

FIA1SFI AirlinesFI Market
7D-1.2%-1.9%1.9%
1Y48.6%1.2%24.1%

Return vs Industry: FIA1S exceeded the Finnish Airlines industry which returned 1.2% over the past year.

Return vs Market: FIA1S exceeded the Finnish Market which returned 24.1% over the past year.

Price Volatility

Is FIA1S's price volatile compared to industry and market?
FIA1S volatility
FIA1S Average Weekly Movement6.5%
Airlines Industry Average Movement4.9%
Market Average Movement4.6%
10% most volatile stocks in FI Market7.7%
10% least volatile stocks in FI Market2.6%

Stable Share Price: FIA1S's share price has been volatile over the past 3 months compared to the Finnish market.

Volatility Over Time: FIA1S's weekly volatility (6%) has been stable over the past year, but is still higher than 75% of Finnish stocks.

About the Company

FoundedEmployeesCEOWebsite
19235,947Turkka Kuusistocompany.finnair.com

Finnair Oyj operates in the airline business in North Atlantic, Asia, Europe, the Middle East, and internationally. The company offers Finnair and oneworld global network, passenger and cargo traffic, ancillary services, package tours under the Aurinkomatkat-Suntours brand name, and other travel products; and catering, component repair service for airbus aircraft types, aircraft and maintenance, and training through auntie online coaching platform. It also operates Finnair Aeromedical Centre, which offers occupational health and aeromedical services which promote air safety in the aviation industry.

Finnair Oyj Fundamentals Summary

How do Finnair Oyj's earnings and revenue compare to its market cap?
FIA1S fundamental statistics
Market cap€926.33m
Earnings (TTM)€106.00m
Revenue (TTM)€3.32b
8.8x
P/E Ratio
0.3x
P/S Ratio

Is FIA1S overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FIA1S income statement (TTM)
Revenue€3.32b
Cost of Revenue€2.79b
Gross Profit€529.50m
Other Expenses€423.50m
Earnings€106.00m

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

Oct 27, 2026

Earnings per share (EPS)0.52
Gross Margin15.95%
Net Profit Margin3.19%
Debt/Equity Ratio126.0%

How did FIA1S perform over the long term?

See historical performance and comparison

Dividends

2.0%
Current Dividend Yield
n/a
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/11 18:00
End of Day Share Price 2026/09/11 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
  • SEC Form 10-K
  • SEC Form 10-Q
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
  • Analyst Research Reports
  • Blue Matrix
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
  • ICE Market Data
  • SEC Form S-1
Ownership10 years
  • Top shareholders
  • Insider trading
  • SEC Form 4
  • SEC Form 13D
Management10 years
  • Leadership team
  • Board of directors
  • SEC Form 10-K
  • SEC Form DEF 14A
Key Developments10 years
  • Company announcements
  • SEC Form 8-K

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Finnair Oyj is covered by 8 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Andrew LobbenbergBarclays
Matti RiikonenCarnegie Investment Bank AB
Robin NybergCarnegie Investment Bank AB

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