Q1 2020 Finnair Plc Earnings Call Transcript

Apr 29, 2020 / 10:00AM GMT
Erkka Salonen - Finnair Oyj - Director of IR

Good day, ladies and gentlemen. I'm Erkka Salonen from Finnair IR, and it's my pleasure to welcome you all to this Finnair First Quarter 2020 Earnings Call. I have here with me Finnair's CEO, Mr. Topi Manner; and he is joined by the CFO, Mr. Mika Stirkkinen, for the Q&A session.

And now I will turn this call over to Topi Manner. Please, Topi.

Topi Manner - Finnair Oyj - President, CEO & Member of Executive Board

Thank you, Erkka, and welcome, everybody, also on my behalf to this Finnair Q1 earnings call. Thank you for putting the time aside and then coming to attend this event.

In terms of Q1 results, I think that this opening picture here tells the whole story. A winter has come to aviation, a cold breeze is blowing in aviation at large, and that suddenly applies to Finnair as well. So our Q1 numbers are heavily impacted by the coronavirus situation. And our Q2 numbers will be even more impacted by the coronavirus situation.

So if we just briefly recap how events unfolded during

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