Jay Shabat

Tired of Finning: Can Finnair Up Its Profit Game?

Should Finnair hire a party planner, or a funeral director? No, it’s not in danger of dying. But after a surprisingly strong showing in 2023 and 2024, 2025 is looking uncomfortably fraught with peril. Labor unrest. Ballooning costs. A once-prized Asian network still disrupted. It’s enough to make any airline nervous, let alone a smallish government-owned carrier that lacks scale. In this week's edition, we ask if Finnair can defy the odds again.

JAL-function: What’s Wrong with Japan Airlines?

Down. Down. Down. In 2024, Japan Airlines saw its annual profit margins drop again. Putting aside the pandemic-blemished period, JAL’s profitability declined for a sixth consecutive year. Last week, it posted a 7% operating margin for calendar year 2024. Not just down versus 2023, but a far cry from its 15% heyday. What’s happening? In this week's feature story we ask if the double-digit margins are gone forever and if JAL can turn things around.