Finnair: Long bumpy runway ahead - Evli Research

Finnair reports Q2 results on Jul 15. Capacity is being scaled up while passenger numbers have bottomed out, but there’s a lot of uncertainty with regards to a meaningful recovery. The rebound will arrive in the years to come, however in our view valuation doesn’t leave much upside. Our TP is now EUR 0.7 (0.75); we retain our HOLD rating.

https://pankki.evli.com/hubfs/ERP/Raportit/Finnair/Finnair%20210712%20Preview.pdf