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  "pp-value-1-1": {
   "value": "<span style=\"display:inherit;clear:left;\">The business returned to profit during 2023 </span><span style=\"display:inherit;clear:left;\">Operating result turned to profit in the financial year 2023 after the loss making years, which was a result of the </span><span style=\"display:inherit;clear:left;\">easing of the negative impact of the COVID-19 pandemic and closure of Russian airspace as well as a successful </span><span style=\"display:inherit;clear:left;\">implementation of the company strategy. Profitability improved especially due to strong passenger demand and </span><span style=\"display:inherit;clear:left;\">exceptionally high ticket prices. Income taxes had a positive impact on the result for the period due to recognition </span><span style=\"display:inherit;clear:left;\">of deferred tax assets on balance sheet. Accounting for income taxes is presented in more detail in note 5.1 Income </span><span style=\"display:inherit;clear:left;\">taxes.</span><span style=\"display:inherit;clear:left;\">Finnair invested in fleet and repaid interest-bearing liabilities </span><span style=\"display:inherit;clear:left;\">During 2023, Finnair purchased nine leased narrow body aircraft which is reflected in the increase of its own fleet and </span><span style=\"display:inherit;clear:left;\">in the decrease of the right-of-use fleet. The early termination of lease contracts was reflected also in the reduction of </span><span style=\"display:inherit;clear:left;\">lease liabilities. Decrease in other interest bearing liabilities was mainly due to amortisation of the pension premium </span><span style=\"display:inherit;clear:left;\">loan. Changes in the capital structure are described in more detail in note 3. Capital structure and financing costs.</span><span style=\"display:inherit;clear:left;\">** The participation of the State of Finland to the rights issue was paid by offsetting the aggregate subscription </span><span style=\"display:inherit;clear:left;\">price against a corresponding amount of the principal of the capital loan. After the completion of the rights issue</span><span style=\"display:inherit;clear:left;\">Finnair repaid the remainder of the capital loan to the State of Finland. The offsetting is disclosed in more detail </span><span style=\"display:inherit;clear:left;\">in the notes 3.3 Financial liabilities and 3.9 Equity-related information.</span><span style=\"display:inherit;clear:left;\">Changes in equity and liabilities arising from financing activities are disclosed in the notes 3.3 Financial liabilities </span><span style=\"display:inherit;clear:left;\">and 3.9 Equity-related information.</span><span style=\"display:inherit;clear:left;\">Fleet investments and loan repayments reduced cash funds</span><span style=\"display:inherit;clear:left;\">The net cash flow from operating activities increased during the finanical year as a result of the improved profitability. </span><span style=\"display:inherit;clear:left;\">Investments in fleet relate mostly to the acquisition of nine aircraft previously leased by Finnair as well as cabin </span><span style=\"display:inherit;clear:left;\">refurbishment of the wide-body aircraft. Net cash flow from financing activities decreased due lease and loan </span><span style=\"display:inherit;clear:left;\">repayments, including repayment of the capital loan and hybrid bond. Changes in the capital structure are described </span><span style=\"display:inherit;clear:left;\">in more detail in note 3. Capital structure and financing costs.</span><span style=\"display:inherit;clear:left;\">The group\u2019s equity increased despite repayment of capital and hybrid loans </span><span style=\"display:inherit;clear:left;\">Equity increased from prior year as a result of funds received from a share issue and the positive result for the period. Increase in equity was partly offset by repayments of the capital loan and hybrid bond.</span><span style=\"display:inherit;clear:left;\">Presentation of consolidated income statement and balance sheet </span><span style=\"display:inherit;clear:left;\">Finnair\u2019s consolidated income statement includes a subtotal \u2018operating result\u2019 which is not defined in the IAS 1 </span><span style=\"display:inherit;clear:left;\">Presentation of Financial Statements standard. The Group has defined it as the net amount of operating income </span><span style=\"display:inherit;clear:left;\">and expenses, including revenue and other operating income, less operating expenses, such as employee </span><span style=\"display:inherit;clear:left;\">benefits, fuel costs, maintenance expenses and depreciations. Exchange rate differences and realised changes </span><span style=\"display:inherit;clear:left;\">in fair values of derivatives are included in the operating result if they arise from items related to business </span><span style=\"display:inherit;clear:left;\">operations; otherwise, they are recognised in financial items. The operating result excludes financial items, share</span><span style=\"display:inherit;clear:left;\">of results from associates and joint ventures and income taxes. </span><span style=\"display:inherit;clear:left;\">In the consolidated balance sheet, assets and liabilities are classified as current when they are expected to </span><span style=\"display:inherit;clear:left;\">realise within 12 months or when they are classified as liquid funds or as financial assets or liabilities classified </span><span style=\"display:inherit;clear:left;\">at fair value through profit or loss. Other assets and liabilities are classified as non-current assets or liabilities. </span><span style=\"display:inherit;clear:left;\">Interest-bearing liabilities include loans from financial institutions, bonds, loans taken for aircraft financing </span><span style=\"display:inherit;clear:left;\">(JOLCO-loans &amp; export credit support), lease liabilities and commercial papers. Interest-bearing assets include </span><span style=\"display:inherit;clear:left;\">interest-bearing deposits as well as investments in commercial paper and certificates, bonds and money </span><span style=\"display:inherit;clear:left;\">market funds. Interest-bearing net debt is the net amount of interest-bearing assets and liabilities and cross-</span><span style=\"display:inherit;clear:left;\">currency interest rate swaps that are used for hedging the currency and interest rate risk arising from interest-</span><span style=\"display:inherit;clear:left;\">bearing loans.</span><span style=\"display:inherit;clear:left;\">Climate-related matters in the consolidated financial statements</span><span style=\"display:inherit;clear:left;\">Finnair\u2019s environmental management is based on the principle of continuous and systematic improvement, and </span><span style=\"display:inherit;clear:left;\">it is committed to the long-term goal of carbon neutral flying by the end 2045. Finnair\u2019s climate-related targets </span><span style=\"display:inherit;clear:left;\">have been disclosed in more detail in the Report of the Board of Directors and Sustainability Appendix.</span><span style=\"display:inherit;clear:left;\">Finnair expects the climate-related costs to increase significantly over the next 1-5 years, resulting from </span><span style=\"display:inherit;clear:left;\">carbon emission reduction targets and tightening climate legislation. Especially three initiatives included in the </span><span style=\"display:inherit;clear:left;\">EU\u2019s \u2018\u2018Fit for 55\u2019\u2019 legislative package are particularly relevant for the aviation industry: the reform of emissions </span><span style=\"display:inherit;clear:left;\">trading (EU-ETS), the mixing quota for sustainable aviation fuel (ReFuelEU Aviation) and the proposal to </span><span style=\"display:inherit;clear:left;\">introduce a kerosene tax (energy tax directive). Free emission allowances are expected to seize in 2026. An </span><span style=\"display:inherit;clear:left;\">initial minimum mixing quota of two percent for sustainable aviation fuel will be introduced in 2025, reaching </span><span style=\"display:inherit;clear:left;\">70% by year 2050. When in force, the new regulation is expected to result in higher costs for Finnair due to </span><span style=\"display:inherit;clear:left;\">more expensive emission allowances, increased consumption of renewable fuel and possible abolition of the </span><span style=\"display:inherit;clear:left;\">aviation fuel tax exemption. Where Finnair considers such costs will be recovered through increase in ticket </span><span style=\"display:inherit;clear:left;\">fares, a corresponding adjustment is added to passenger revenue. In preparing the consolidated financial </span><span style=\"display:inherit;clear:left;\">statements, the expected impacts of the climate related matters on the Group\u2019s results have been considered in </span><span style=\"display:inherit;clear:left;\">the management\u2019s profitability and cash flow forecasts, which are also used in the evaluation of the recovery of </span><span style=\"display:inherit;clear:left;\">deferred tax assets.</span><span style=\"display:inherit;clear:left;\">Finnair expects the impact of climate-related matters on the estimated economic life of its fleet to be </span><span style=\"display:inherit;clear:left;\">insignificant, as management is not aware of such regulations at the balance sheet date that would directly </span><span style=\"display:inherit;clear:left;\">prevent or limit the company\u2019s ability to use its current fleet. For example, an unexpected and significant </span><span style=\"display:inherit;clear:left;\">increase in emission costs could, if realized, affect the timing of the planned fleet renewal in the future, but this is </span><span style=\"display:inherit;clear:left;\">not considered likely at the time of the preparation of the financial statements.</span><span style=\"display:inherit;clear:left;\">1.3.7 Items affecting comparability</span><span style=\"display:inherit;clear:left;\">Finnair uses alternative performance measures in its internal reporting to the chief operative decision maker, </span><span style=\"display:inherit;clear:left;\">or Finnair Executive Board. The figures are referred to in the European Securities Markets Authority (ESMA) </span><span style=\"display:inherit;clear:left;\">Guidelines on Alternative Performance Measures, which Finnair uses to describe its business and financial </span><span style=\"display:inherit;clear:left;\">performance development between periods. The alternative performance measures do not replace IFRS </span><span style=\"display:inherit;clear:left;\">indicators, but shall be read in conjunction with key figures in accordance with IFRS financial statements.</span><span style=\"display:inherit;clear:left;\">Unrealised exchange rate differences of mainly in US dollars denominated aircraft maintenance provisions </span><span style=\"display:inherit;clear:left;\">and unrealised fair value changes of derivatives where hedge accounting is not applied are excluded from </span><span style=\"display:inherit;clear:left;\">comparable operating result. These exchange rate and fair value effects are included in the comparable </span><span style=\"display:inherit;clear:left;\">operating result only when they will realize. In addition, gains and losses on aircraft and other transactions, </span><span style=\"display:inherit;clear:left;\">impairment as well as restructuring costs are not included in the comparable operating result.</span><span style=\"display:inherit;clear:left;\">Items affecting comparability include gain of 7.1 million euros on the unrealized exchange rate difference of </span><span style=\"display:inherit;clear:left;\">aircraft maintenance provisions, gain of 13.5 million euros mainly comprising of the purchase of nine leased </span><span style=\"display:inherit;clear:left;\">aircraft and an impairment of 13.7 million euros related to lease agreements for an aircraft maintenance hangar </span><span style=\"display:inherit;clear:left;\">and its land area situated in the Helsinki airport area.</span><span style=\"display:inherit;clear:left;\">2023<span class=\"_ _2a3\"> </span>2022</span><span style=\"display:inherit;clear:left;\">Items </span><span style=\"display:inherit;clear:left;\">Items </span><span style=\"display:inherit;clear:left;\">affecting </span><span style=\"display:inherit;clear:left;\">affecting </span><span style=\"display:inherit;clear:left;\">compara-</span><span style=\"display:inherit;clear:left;\">compara-</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _ac\"> </span><span class=\"ws0\">Reported</span></span><span style=\"display:inherit;clear:left;\">bility<span class=\"_ _26a\"> </span>Comparable<span class=\"_ _19\"> </span>Reported</span><span style=\"display:inherit;clear:left;\">bility<span class=\"_ _26a\"> </span>Comparable</span><span style=\"display:inherit;clear:left;\">Revenue<span class=\"_ _2a4\"> </span>2,988.5<span class=\"_ _f3\"> </span><span class=\"ff3\">-<span class=\"_ _77\"> </span></span>2,988.5<span class=\"_ _dc\"> </span>2,356.6<span class=\"_ _f3\"> </span><span class=\"ff3\">-<span class=\"_ _77\"> </span></span>2,356.6</span><span style=\"display:inherit;clear:left;\">Other operating income<span class=\"_ _66\"> </span><span class=\"ws0\">130.5<span class=\"_ _66\"> </span>-13.5<span class=\"_ _42\"> </span>117.0<span class=\"_ _124\"> </span>153.5<span class=\"_ _f7\"> </span>-6.8<span class=\"_ _fd\"> </span>146.7</span></span><span style=\"display:inherit;clear:left;\">Operating expenses</span><span style=\"display:inherit;clear:left;\">Staff and other crew </span><span style=\"display:inherit;clear:left;\">related costs<span class=\"_ _150\"> </span><span class=\"ws0\">-498.1<span class=\"_ _50\"> </span>-<span class=\"_ _232\"> </span>-498.1<span class=\"_ _e3\"> </span>-449.6<span class=\"_ _fc\"> </span>2.5<span class=\"_ _e9\"> </span>-447.1</span></span><span style=\"display:inherit;clear:left;\">Fuel costs<span class=\"_ _c3\"> </span><span class=\"ws0\">-898.9<span class=\"_ _f7\"> </span>-0.7<span class=\"_ _204\"> </span>-899.6<span class=\"_ _b7\"> </span>-835.1<span class=\"_ _59\"> </span>-0.9<span class=\"_ _204\"> </span>-836.0</span></span><span style=\"display:inherit;clear:left;\">Capacity rents<span class=\"_ _8a\"> </span><span class=\"ws0\">-107.2<span class=\"_ _f3\"> </span>-<span class=\"_ _c1\"> </span>-107.2<span class=\"_ _68\"> </span>-102.5<span class=\"_ _f3\"> </span>-<span class=\"_ _232\"> </span>-102.5</span></span><span style=\"display:inherit;clear:left;\">Aircraft materials and </span><span style=\"display:inherit;clear:left;\">overhaul<span class=\"_ _191\"> </span>-200.1<span class=\"_ _39\"> </span>-7.1<span class=\"_ _59\"> </span>-207.2<span class=\"_ _68\"> </span>-192.4<span class=\"_ _10a\"> </span>8.8<span class=\"_ _232\"> </span>-183.6</span><span style=\"display:inherit;clear:left;\">Traffic charges<span class=\"_ _171\"> </span><span class=\"ws0\">-233.8<span class=\"_ _f3\"> </span>-<span class=\"_ _59\"> </span>-233.8<span class=\"_ _103\"> </span>-206.5<span class=\"_ _50\"> </span>-<span class=\"_ _b5\"> </span>-206.5</span></span><span style=\"display:inherit;clear:left;\">Sales, marketing and </span><span style=\"display:inherit;clear:left;\">distribution costs<span class=\"_ _16a\"> </span><span class=\"ws0\">-117.1<span class=\"_ _f3\"> </span>-<span class=\"_ _10c\"> </span>-117.1<span class=\"_ _87\"> </span>-103.1<span class=\"_ _f3\"> </span>-<span class=\"_ _5a\"> </span>-103.1</span></span><span style=\"display:inherit;clear:left;\">Passenger and handling </span><span style=\"display:inherit;clear:left;\">services<span class=\"_ _2a5\"> </span>-414.1<span class=\"_ _f3\"> </span>-<span class=\"_ _39\"> </span>-414.1<span class=\"_ _e3\"> </span>-348.0<span class=\"_ _50\"> </span>-<span class=\"_ _b5\"> </span>-348.0</span><span style=\"display:inherit;clear:left;\">Property, IT and other </span><span style=\"display:inherit;clear:left;\">expenses<span class=\"_ _2a6\"> </span>-112.1<span class=\"_ _e1\"> </span>0.1<span class=\"_ _fd\"> </span>-111.9<span class=\"_ _104\"> </span>-123.7<span class=\"_ _bf\"> </span>0.4<span class=\"_ _e9\"> </span>-123.3</span><span style=\"display:inherit;clear:left;\">EBITDA<span class=\"_ _2a7\"> </span>-<span class=\"_ _f3\"> </span><span class=\"ff3\">-<span class=\"_ _39\"> </span></span>516.5<span class=\"_ _50\"> </span>-<span class=\"_ _f3\"> </span><span class=\"ff3\">-<span class=\"_ _10a\"> </span></span>153.2</span><span style=\"display:inherit;clear:left;\">Depreciation and </span><span style=\"display:inherit;clear:left;\">impairment<span class=\"_ _2a8\"> </span>-346.2<span class=\"_ _232\"> </span>13.7<span class=\"_ _59\"> </span>-332.6<span class=\"_ _103\"> </span>-349.8<span class=\"_ _58\"> </span>32.7<span class=\"_ _fc\"> </span>-317.1</span><span style=\"display:inherit;clear:left;\">Operating result<span class=\"_ _26\"> </span><span class=\"ws0\">191.4<span class=\"_ _57\"> </span>-7.5<span class=\"_ _46\"> </span>184.0<span class=\"_ _82\"> </span>-200.6<span class=\"_ _e8\"> </span>36.6<span class=\"_ _58\"> </span>-163.9</span></span><span style=\"display:inherit;clear:left;\">5.2 Disputes and litigation</span><span style=\"display:inherit;clear:left;\">Finnair reports only cases of which the interest is material and that are not insured. As of 31 December 2023 there</span><span style=\"display:inherit;clear:left;\">were no such disputes pending.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAdditionalInformationExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f28122": {
   "value": "1053000000",
   "decimals": -5,
   "dimensions": {
    "concept": "ifrs-full:Aircraft",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2024-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f28125": {
   "value": "894800000",
   "decimals": -5,
   "dimensions": {
    "concept": "ifrs-full:Aircraft",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f28131": {
   "value": "775000000",
   "decimals": -5,
   "dimensions": {
    "concept": "FIN:RightOfUseAssetsAircraft",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2024-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f28134": {
   "value": "932900000",
   "decimals": -5,
   "dimensions": {
    "concept": "FIN:RightOfUseAssetsAircraft",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f28139": {
   "value": "1828000000",
   "decimals": -5,
   "dimensions": {
    "concept": "FIN:AircraftAndRightOfUseAssetsAircraft",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2024-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f28142": {
   "value": "1827600000",
   "decimals": -5,
   "dimensions": {
    "concept": "FIN:AircraftAndRightOfUseAssetsAircraft",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f28148": {
   "value": "141800000",
   "decimals": -5,
   "dimensions": {
    "concept": "FIN:OtherPropertyPlantAndEquipmentAndIntangibleAssets",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2024-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f28151": {
   "value": "150100000",
   "decimals": -5,
   "dimensions": {
    "concept": "FIN:OtherPropertyPlantAndEquipmentAndIntangibleAssets",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f28157": {
   "value": "140400000",
   "decimals": -5,
   "dimensions": {
    "concept": "FIN:RightOfUseAssetsOtherPropertyPlantAndEquipment",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2024-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f28160": {
   "value": "145400000",
   "decimals": -5,
   "dimensions": {
    "concept": "FIN:RightOfUseAssetsOtherPropertyPlantAndEquipment",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f28165": {
   "value": "282200000",
   "decimals": -5,
   "dimensions": {
    "concept": "FIN:OtherPropertyPlantAndEquipmentIntangibleAssetsAndRightOfUseAssetsOtherPropertyPlantAndEquipment",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2024-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f28168": {
   "value": "295500000",
   "decimals": -5,
   "dimensions": {
    "concept": "FIN:OtherPropertyPlantAndEquipmentIntangibleAssetsAndRightOfUseAssetsOtherPropertyPlantAndEquipment",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f28174": {
   "value": "128000000",
   "decimals": -5,
   "dimensions": {
    "concept": "ifrs-full:NoncurrentRecognisedAssetsDefinedBenefitPlan",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2024-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f28177": {
   "value": "120000000",
   "decimals": -5,
   "dimensions": {
    "concept": "ifrs-full:NoncurrentRecognisedAssetsDefinedBenefitPlan",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f28182": {
   "value": "3100000",
   "decimals": -5,
   "dimensions": {
    "concept": "ifrs-full:OtherNoncurrentAssets",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2024-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f28185": {
   "value": "4500000",
   "decimals": -5,
   "dimensions": {
    "concept": "ifrs-full:OtherNoncurrentAssets",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f28191": {
   "value": "234000000",
   "decimals": -5,
   "dimensions": {
    "concept": "ifrs-full:DeferredTaxAssets",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2024-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f28194": {
   "value": "80600000",
   "decimals": -5,
   "dimensions": {
    "concept": "ifrs-full:DeferredTaxAssets",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f28199": {
   "value": "2475200000",
   "decimals": -5,
   "dimensions": {
    "concept": "ifrs-full:NoncurrentAssets",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2024-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f28202": {
   "value": "2328300000",
   "decimals": -5,
   "dimensions": {
    "concept": "ifrs-full:NoncurrentAssets",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f28209": {
   "value": "154400000",
   "decimals": -5,
   "dimensions": {
    "concept": "ifrs-full:CurrentTradeReceivables",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2024-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f28212": {
   "value": "134900000",
   "decimals": -5,
   "dimensions": {
    "concept": "ifrs-full:CurrentTradeReceivables",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f28218": {
   "value": "134600000",
   "decimals": -5,
   "dimensions": {
    "concept": "FIN:InventoriesAndOtherCurrentAssets",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2024-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f28221": {
   "value": "122000000",
   "decimals": -5,
   "dimensions": {
    "concept": "FIN:InventoriesAndOtherCurrentAssets",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f28227": {
   "value": "11800000",
   "decimals": -5,
   "dimensions": {
    "concept": "ifrs-full:CurrentDerivativeFinancialAssets",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2024-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f28230": {
   "value": "23500000",
   "decimals": -5,
   "dimensions": {
    "concept": "ifrs-full:CurrentDerivativeFinancialAssets",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f28236": {
   "value": "776800000",
   "decimals": -5,
   "dimensions": {
    "concept": "ifrs-full:OtherCurrentFinancialAssets",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2024-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
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   "value": "<span style=\"display:inherit;clear:left;\">Basis of preparation</span><span style=\"display:inherit;clear:left;\">Finnair</span>Plc<span style=\"display:inherit;clear:left;\">s consolidated financial statements for 2023 have been prepared in accordance with the </span><span style=\"display:inherit;clear:left;\">International Financial  <span class=\"_ _0\"></span>Reporting Standards (IFRS) as adopted by the European Union, and they comply with the </span><span style=\"display:inherit;clear:left;\">IAS and IFRS standards and respective SIC and IFRIC Interpretations effective on 31 December 2023.</span><span style=\"display:inherit;clear:left;\">The notes </span><span style=\"display:inherit;clear:left;\">to the consolidated financial statements also comply with Finnish accounting and corporate law. Changes </span><span style=\"display:inherit;clear:left;\">applied in accounting principles in 2023 and future periods are described in the below section Changes in </span><span style=\"display:inherit;clear:left;\">accounting principles.</span><span style=\"display:inherit;clear:left;\">The consolidated financial statements have been prepared on a going concern basis. The Board of Directors </span><span style=\"display:inherit;clear:left;\">has assessed Finnair Group\u2019s ability to continue as a going concern based on the Group\u2019s ability to meet its </span><span style=\"display:inherit;clear:left;\">obligations as they fall due at least 12 months after the consolidated financial statements are issued. </span><span style=\"display:inherit;clear:left;\">The consolidated financial statements are presented in euros, which is the parent company\u2019s functional </span><span style=\"display:inherit;clear:left;\">currency. Transactions denominated in foreign currencies are translated into functional currency by using the </span><span style=\"display:inherit;clear:left;\">exchange rates prevailing on the date of the transaction. Monetary assets and liabilities denominated in foreign </span><span style=\"display:inherit;clear:left;\">currencies and outstanding at the end of the reporting period are translated using the exchange rates of the </span><span style=\"display:inherit;clear:left;\">closing date. Foreign exchange gains and losses arising from monetary assets and liabilities as well as fair value </span><span style=\"display:inherit;clear:left;\">changes of related hedging instruments are recognized in the income statement. </span><span style=\"display:inherit;clear:left;\">The 2023 consolidated financial statements have been prepared based on original acquisition costs, except </span><span style=\"display:inherit;clear:left;\">for financial assets recognised through profit and loss at fair value and derivative contracts measured at fair </span><span style=\"display:inherit;clear:left;\">value. Financial statement data is presented in millions of euros and rounded to the nearest hundred thousand </span><span style=\"display:inherit;clear:left;\">euro, which is why the sum of the individual figures may differ from the total shown.</span><span style=\"display:inherit;clear:left;\">Presentation of consolidated income statement and balance sheet </span><span style=\"display:inherit;clear:left;\">Finnair\u2019s consolidated income statement includes a subtotal \u2018operating result\u2019 which is not defined in the IAS 1 </span><span style=\"display:inherit;clear:left;\">Presentation of Financial Statements standard. The Group has defined it as the net amount of operating income </span><span style=\"display:inherit;clear:left;\">and expenses, including revenue and other operating income, less operating expenses, such as employee </span><span style=\"display:inherit;clear:left;\">benefits, fuel costs, maintenance expenses and depreciations. Exchange rate differences and realised changes </span><span style=\"display:inherit;clear:left;\">in fair values of derivatives are included in the operating result if they arise from items related to business </span><span style=\"display:inherit;clear:left;\">operations; otherwise, they are recognised in financial items. The operating result excludes financial items, share</span><span style=\"display:inherit;clear:left;\">of results from associates and joint ventures and income taxes. </span><span style=\"display:inherit;clear:left;\">In the consolidated balance sheet, assets and liabilities are classified as current when they are expected to </span><span style=\"display:inherit;clear:left;\">realise within 12 months or when they are classified as liquid funds or as financial assets or liabilities classified </span><span style=\"display:inherit;clear:left;\">at fair value through profit or loss. Other assets and liabilities are classified as non-current assets or liabilities. </span><span style=\"display:inherit;clear:left;\">Interest-bearing liabilities include loans from financial institutions, bonds, loans taken for aircraft financing </span><span style=\"display:inherit;clear:left;\">(JOLCO-loans &amp; export credit support), lease liabilities and commercial papers. Interest-bearing assets include </span><span style=\"display:inherit;clear:left;\">interest-bearing deposits as well as investments in commercial paper and certificates, bonds and money </span><span style=\"display:inherit;clear:left;\">market funds. Interest-bearing net debt is the net amount of interest-bearing assets and liabilities and cross-</span><span style=\"display:inherit;clear:left;\">currency interest rate swaps that are used for hedging the currency and interest rate risk arising from interest-</span><span style=\"display:inherit;clear:left;\">bearing loans.</span><span style=\"display:inherit;clear:left;\">Critical accounting estimates and sources of uncertainty</span><span style=\"display:inherit;clear:left;\">The preparation of IFRS financial statements requires Group management to make various judgements in </span><span style=\"display:inherit;clear:left;\">applying the accounting principles that affect the reported amounts of assets and liabilities as well as income </span><span style=\"display:inherit;clear:left;\">and expenses. Management judgement has to be exercised in applying the accounting principles especially </span><span style=\"display:inherit;clear:left;\">when the IFRS has alternative accounting, valuation or presentation methods.</span><span style=\"display:inherit;clear:left;\">The application of the accounting policies prescribed by IFRS require making estimates and assumptions </span><span style=\"display:inherit;clear:left;\">relating to the future where the actual outcome may differ from the earlier estimates and assumptions made. </span><span style=\"display:inherit;clear:left;\">The estimates and assumptions made are based on past experience and management\u2019s best estimate of future</span><span style=\"display:inherit;clear:left;\">events and other factors, that are believed to be reasonable given the current circumstances. The estimates </span><span style=\"display:inherit;clear:left;\">and assumptions are continuously evaluated and any changes therein are reflected in the period that the </span><span style=\"display:inherit;clear:left;\">changes occur. </span><span style=\"display:inherit;clear:left;\">The earlier hightened uncertaintly related to the COVID-19 pandemic and the closure of the Russian airspace </span><span style=\"display:inherit;clear:left;\">diminished during the financial year 2023, which was due to the easing of the COVID-19 pandemic following </span><span style=\"display:inherit;clear:left;\">Notes to the consolidated financial statements</span><span style=\"display:inherit;clear:left;\">Accounting principles</span><span style=\"display:inherit;clear:left;\">How should Finnair\u2019s accounting principles be read?</span><span style=\"display:inherit;clear:left;\">Finnair describes the accounting principles in conjunction with each note with the aim of providing an enhanced </span><span style=\"display:inherit;clear:left;\">understanding of each accounting area. The basis of preparation is described as part of this note at a general level, </span><span style=\"display:inherit;clear:left;\">while the principles more directly related to a specific note are attached to the corresponding note. The Group </span><span style=\"display:inherit;clear:left;\">focuses on describing the accounting choices made within the framework of the prevailing IFRS policy and avoids </span><span style=\"display:inherit;clear:left;\">repeating the actual text of the standard, unless Finnair considers it particularly important to the understanding of the </span><span style=\"display:inherit;clear:left;\">note\u2019s content. The table below shows in which notes the related accounting principles are presented and to which </span><span style=\"display:inherit;clear:left;\">IFRS standard the accounting principle is primarily based on.</span><span style=\"display:inherit;clear:left;\">Company information</span><span style=\"display:inherit;clear:left;\">The Group\u2019s parent </span><span style=\"display:inherit;clear:left;\">company is</span><span style=\"display:inherit;clear:left;\">which is domiciled in</span><span style=\"display:inherit;clear:left;\">at the registered address </span><span style=\"display:inherit;clear:left;\">The </span><span style=\"display:inherit;clear:left;\">parent company is listed on the NASDAQ OMX Helsinki Stock Exchange. </span><span style=\"display:inherit;clear:left;\">The consolidated financial statements of Finnair Group for the year ended 31 December 2023 were </span><span style=\"display:inherit;clear:left;\">authorized for issue by the Board of Directors of Finnair Plc on 13 February 2024.</span><span style=\"display:inherit;clear:left;\">Under Finland\u2019s Limited Liability </span><span style=\"display:inherit;clear:left;\">Companies Act, shareholders have the option to accept, or reject the financial statements in the Annual General</span><span style=\"display:inherit;clear:left;\">Meeting of the shareholders, which will be held after the publication of the financial statements.</span><span style=\"display:inherit;clear:left;\">Accounting principle<span class=\"_ _25a\"> </span><span class=\"ws0\">Note<span class=\"_ _81\"> </span>Nr.<span class=\"_ _3d\"> </span>IFRS</span></span><span style=\"display:inherit;clear:left;\">Segment reporting<span class=\"_ _147\"> </span>Segment information<span class=\"_ _6d\"> </span><span class=\"ws0\">1.1<span class=\"_ _25b\"> </span></span>IFRS 8</span><span style=\"display:inherit;clear:left;\">Revenue recognition, other income and trade </span><span style=\"display:inherit;clear:left;\">IFRS 15, IFRS 9, <span class=\"_ _0\"></span><span class=\"ws0\"> </span></span><span style=\"display:inherit;clear:left;\">receivables<span class=\"_ _25c\"> </span><span class=\"wse6\">Operating income<span class=\"_ _184\"> </span></span>1.2</span><span style=\"display:inherit;clear:left;\">IFRS 7</span><span style=\"display:inherit;clear:left;\">Provisions and contingent liabilities<span class=\"_ _28\"> </span><span class=\"ws0\">Provisions<span class=\"_ _15f\"> </span>1.3.6<span class=\"_ _25b\"> </span></span>IAS 37</span><span style=\"display:inherit;clear:left;\">Employee benefits and share-based payments<span class=\"_ _d8\"> </span>Employee benefits<span class=\"_ _f2\"> </span><span class=\"ws0\">1.3.8<span class=\"_ _b7\"> </span></span>IAS 19, IFRS 2</span><span style=\"display:inherit;clear:left;\">Pensions<span class=\"_ _25d\"> </span>Pensions<span class=\"_ _ba\"> </span>1.3.8.2<span class=\"_ _22\"> </span><span class=\"wse6\">IAS 19</span></span><span style=\"display:inherit;clear:left;\">Tangible and intangible assets<span class=\"_ _15d\"> </span>Fleet and other fixed assets<span class=\"_ _50\"> </span><span class=\"ws0\">2.1<span class=\"_ _25e\"> </span></span>IAS 16, IAS 36, IAS 38</span><span style=\"display:inherit;clear:left;\">Leases<span class=\"_ _9c\"> </span><span class=\"wse6\">Leasing arrangements<span class=\"_ _48\"> </span></span>2.2<span class=\"_ _38\"> </span><span class=\"wse6\">IFRS 16</span></span><span style=\"display:inherit;clear:left;\">Impairment of assets<span class=\"_ _de\"> </span>Depreciation and impairment<span class=\"_ _59\"> </span><span class=\"ws0\">2.3<span class=\"_ _b0\"> </span></span>IAS 36</span><span style=\"display:inherit;clear:left;\">Interest income and expenses<span class=\"_ _123\"> </span>Financial income and expenses<span class=\"_ _77\"> </span><span class=\"ws0\">3.1<span class=\"_ _25f\"> </span></span>IFRS 7, IFRS 9, IAS 32</span><span style=\"display:inherit;clear:left;\">Financial assets <span class=\"_ _260\"> </span>Financial assets<span class=\"_ _142\"> </span><span class=\"ws0\">3.2<span class=\"_ _1fa\"> </span></span>IFRS 9, IFRS 7</span><span style=\"display:inherit;clear:left;\">Cash and cash equivalents<span class=\"_ _1e5\"> </span>Financial assets<span class=\"_ _142\"> </span><span class=\"ws0\">3.2<span class=\"_ _1fa\"> </span></span>IFRS 9, IFRS 7</span><span style=\"display:inherit;clear:left;\">Financial liabilities<span class=\"_ _261\"> </span>Financial liabilities<span class=\"_ _262\"> </span><span class=\"ws0\">3.3<span class=\"_ _1fa\"> </span></span>IFRS 9, IFRS 7</span><span style=\"display:inherit;clear:left;\">Derivative contracts and hedge accounting<span class=\"_ _dc\"> </span><span class=\"ws0\">Derivatives<span class=\"_ _15f\"> </span>3.8<span class=\"_ _12f\"> </span></span>IFRS 9, IFRS 7</span><span style=\"display:inherit;clear:left;\">Equity, dividend and treasury shares<span class=\"_ _1d3\"> </span>Equity-related information<span class=\"_ _109\"> </span><span class=\"ws0\">3.9<span class=\"_ _f9\"> </span></span>IAS 32, IAS 33</span><span style=\"display:inherit;clear:left;\">Consolidation principles of subsidiaries<span class=\"_ _10d\"> </span><span class=\"ws0\">Subsidiaries<span class=\"_ _263\"> </span>4.2<span class=\"_ _4a\"> </span></span>IFRS 10</span><span style=\"display:inherit;clear:left;\">Investments in associates and joint ventures<span class=\"_ _83\"> </span>Investments in joint ventures<span class=\"_ _102\"> </span><span class=\"ws0\">4.4<span class=\"_ _105\"> </span></span>IFRS 11, IAS 28</span><span style=\"display:inherit;clear:left;\">Related party disclosures<span class=\"_ _1ea\"> </span>Related party transactions<span class=\"_ _d2\"> </span><span class=\"ws0\">4.5<span class=\"_ _1e1\"> </span></span>IAS 24</span><span style=\"display:inherit;clear:left;\">Income tax and deferred taxes<span class=\"_ _b1\"> </span>Income taxes<span class=\"_ _264\"> </span><span class=\"ws0\">5.1<span class=\"_ _13b\"> </span></span>IAS 12</span><span style=\"display:inherit;clear:left;\">increased immunity levels and Finnair\u2019s successful implementation of its renewed strategy. As a result of the </span><span style=\"display:inherit;clear:left;\">normalization of the business environment, Finnair\u2019s management has prepared a single forecast scenario in </span><span style=\"display:inherit;clear:left;\">connection with the preparation of the consolidated financial statements as opposed to the multiple scenarios </span><span style=\"display:inherit;clear:left;\">used in the prior year financial statements. </span><span style=\"display:inherit;clear:left;\">Finnair\u2019s management has taken the relevant risks and opportunities related to the business environment </span><span style=\"display:inherit;clear:left;\">into account in their estimates and assumptions, based on their best knowledge on the balance sheet date. </span><span style=\"display:inherit;clear:left;\">At the time of preparation of the financial statements, risks related to the effects of inflation and rising interest </span><span style=\"display:inherit;clear:left;\">rates on passenger demand and business costs, potential escalation of the conflict in the Middle East as well </span><span style=\"display:inherit;clear:left;\">as the somewhat elevated tensions in the Finnish labour markets are causing uncertainty in Finnair\u2019s operating </span><span style=\"display:inherit;clear:left;\">environment. In addition, changes in the price of jet fuel or foreign currency rates can have a material impact on </span><span style=\"display:inherit;clear:left;\">the company\u2019s financial result, balance sheet and cash flow.</span><span style=\"display:inherit;clear:left;\">Considerations related to the climate related impacts are decribed in more detail in the following chapter </span><span style=\"display:inherit;clear:left;\">Climate-related matters in the consolidated financial statements.</span><span style=\"display:inherit;clear:left;\">  The main identified critical estimates and sources of uncertainty related to separate sections of the financial </span><span style=\"display:inherit;clear:left;\">statements are presented in connection to the financial items considered to be affected and attached to the </span><span style=\"display:inherit;clear:left;\">corresponding note. The table below shows where to find more information about those estimates and uncertainties. </span><span style=\"display:inherit;clear:left;\">Climate-related matters in the consolidated financial statements</span><span style=\"display:inherit;clear:left;\">Finnair\u2019s environmental management is based on the principle of continuous and systematic improvement, and </span><span style=\"display:inherit;clear:left;\">it is committed to the long-term goal of carbon neutral flying by the end 2045. Finnair\u2019s climate-related targets </span><span style=\"display:inherit;clear:left;\">have been disclosed in more detail in the Report of the Board of Directors and Sustainability Appendix.</span><span style=\"display:inherit;clear:left;\">Finnair expects the climate-related costs to increase significantly over the next 1-5 years, resulting from </span><span style=\"display:inherit;clear:left;\">carbon emission reduction targets and tightening climate legislation. Especially three initiatives included in the </span><span style=\"display:inherit;clear:left;\">EU\u2019s \u2018\u2018Fit for 55\u2019\u2019 legislative package are particularly relevant for the aviation industry: the reform of emissions </span><span style=\"display:inherit;clear:left;\">trading (EU-ETS), the mixing quota for sustainable aviation fuel (ReFuelEU Aviation) and the proposal to </span><span style=\"display:inherit;clear:left;\">introduce a kerosene tax (energy tax directive). Free emission allowances are expected to seize in 2026. An </span><span style=\"display:inherit;clear:left;\">initial minimum mixing quota of two percent for sustainable aviation fuel will be introduced in 2025, reaching </span><span style=\"display:inherit;clear:left;\">70% by year 2050. When in force, the new regulation is expected to result in higher costs for Finnair due to </span><span style=\"display:inherit;clear:left;\">more expensive emission allowances, increased consumption of renewable fuel and possible abolition of the </span><span style=\"display:inherit;clear:left;\">aviation fuel tax exemption. Where Finnair considers such costs will be recovered through increase in ticket </span><span style=\"display:inherit;clear:left;\">fares, a corresponding adjustment is added to passenger revenue. In preparing the consolidated financial </span><span style=\"display:inherit;clear:left;\">statements, the expected impacts of the climate related matters on the Group\u2019s results have been considered in </span><span style=\"display:inherit;clear:left;\">the management\u2019s profitability and cash flow forecasts, which are also used in the evaluation of the recovery of </span><span style=\"display:inherit;clear:left;\">deferred tax assets.</span><span style=\"display:inherit;clear:left;\">Finnair expects the impact of climate-related matters on the estimated economic life of its fleet to be </span><span style=\"display:inherit;clear:left;\">insignificant, as management is not aware of such regulations at the balance sheet date that would directly </span><span style=\"display:inherit;clear:left;\">prevent or limit the company\u2019s ability to use its current fleet. For example, an unexpected and significant </span><span style=\"display:inherit;clear:left;\">increase in emission costs could, if realized, affect the timing of the planned fleet renewal in the future, but this is </span><span style=\"display:inherit;clear:left;\">not considered likely at the time of the preparation of the financial statements.</span><span style=\"display:inherit;clear:left;\">Changes in accounting principles</span><span style=\"display:inherit;clear:left;\">New and amended IFRS standards and IFRIC interpretations</span><span style=\"display:inherit;clear:left;\">In May 2023, the IASB issued an amendment to the IAS 12 Income taxes standard which provides a temporary </span><span style=\"display:inherit;clear:left;\">mandatory exemption from deferred tax accounting for the top-up tax under the OECD Pillar Two model. </span><span style=\"display:inherit;clear:left;\">Finnair has applied the exception in its consolidated financial statements 2023. The amendment further requires </span><span style=\"display:inherit;clear:left;\">entities to disclose information on their potential exposure to Pillar Two income taxes. This is disclosed in more </span><span style=\"display:inherit;clear:left;\">detail in note 5.1 Income taxes. Other changes in the IFRS standards and IFRIC-interpretations effective from </span><span style=\"display:inherit;clear:left;\">periods beginning 1 January 2023 included mainly amendments or improvements to current standards that did </span><span style=\"display:inherit;clear:left;\">not have material effect on Finnair financial statements. </span><span style=\"display:inherit;clear:left;\">Other standards issued that are effective from periods on or after 1st of January 2024 mainly include </span><span style=\"display:inherit;clear:left;\">amendments or improvements to current standards that are not expected to have a material impact on the </span><span style=\"display:inherit;clear:left;\">Group\u2019s consolidated financial statements.</span><span style=\"display:inherit;clear:left;\">Critical accounting estimates <span class=\"ws0\"> </span></span><span style=\"display:inherit;clear:left;\">and sources of uncertainty<span class=\"_ _265\"> </span>Note number<span class=\"_ _80\"> </span><span class=\"ws0\">Note</span></span><span style=\"display:inherit;clear:left;\">Finnair Plus Customer Loyalty Program<span class=\"_ _266\"> </span><span class=\"ws0\">1.2<span class=\"_ _159\"> </span></span>Operating income</span><span style=\"display:inherit;clear:left;\">Maintenance reserves of the fleet<span class=\"_ _267\"> </span><span class=\"ws0\">1.3.6<span class=\"_ _cd\"> </span>Provisions</span></span><span style=\"display:inherit;clear:left;\">Pension obligations<span class=\"_ _268\"> </span><span class=\"ws0\">1.3.8.2<span class=\"_ _2e\"> </span>Pensions</span></span><span style=\"display:inherit;clear:left;\">Leasing arrangements<span class=\"_ _25c\"> </span><span class=\"ws0\">2.2<span class=\"_ _95\"> </span></span>Leasing arrangements</span><span style=\"display:inherit;clear:left;\">Impairment testing of the fleet and other fixed assets<span class=\"_ _124\"> </span><span class=\"ws0\">2.3<span class=\"_ _95\"> </span></span>Depreciation and impairment </span><span style=\"display:inherit;clear:left;\">Derivative contracts and hedge accounting<span class=\"_ _256\"> </span><span class=\"ws0\">3.8<span class=\"_ _1e7\"> </span></span>Derivatives  </span><span style=\"display:inherit;clear:left;\">Deferred taxes<span class=\"_ _269\"> </span><span class=\"ws0\">5.1<span class=\"_ _167\"> </span></span>Income taxes </span><span style=\"display:inherit;clear:left;\">1 Operating result</span><span style=\"display:inherit;clear:left;\">  Operating result includes notes related to revenue and operating result from the point of view of income </span><span style=\"display:inherit;clear:left;\">statement and balance sheet.  </span><span style=\"display:inherit;clear:left;\">1.1 Segment information</span><span style=\"display:inherit;clear:left;\">  Segment reporting</span><span style=\"display:inherit;clear:left;\">Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating </span><span style=\"display:inherit;clear:left;\">decision maker. The chief operating decision maker, who is responsible for allocating resources and assessing </span><span style=\"display:inherit;clear:left;\">performance of the operating segments, has been identified as the Group\u2019s Executive Board. Segments are defined </span><span style=\"display:inherit;clear:left;\">based on Group\u2019s business areas. Group has one business and reporting segment: Airline business.  </span><span style=\"display:inherit;clear:left;\">The Finnair Executive Board, defined as the chief operative decision maker according to IFRS 8 Segment </span><span style=\"display:inherit;clear:left;\">reporting, considers the business as one operating segment. Thus, separate segment information is not reported.</span><span style=\"display:inherit;clear:left;\">The revenue by product and geographical area is presented in the note 1.2.1 Revenue by product and traffic </span><span style=\"display:inherit;clear:left;\">area. The division is based on the destination of Finnair flights. Finnair operates international and domestic </span><span style=\"display:inherit;clear:left;\">routes, but the assets are almost solely owned in Finland. The fleet composes the major part of the non-current </span><span style=\"display:inherit;clear:left;\">assets (see note 2.1 Fleet and other fixed assets). The fleet is owned or leased by Finnair\u2019s Finnish subsidiary </span><span style=\"display:inherit;clear:left;\">and the aircraft are operated flexibly across different traffic (geographical) areas. More details about fleet </span><span style=\"display:inherit;clear:left;\">management and ownership can be found in the management report in the section \u201cFleet\u201d.</span><span style=\"display:inherit;clear:left;\">The negative impacts of the COVID-19 pandemic and the Russian airspace closure dimished during the </span><span style=\"display:inherit;clear:left;\">financial year 2023 due to the removal of travel restrictions and Finnair\u2019s successful implementation of its </span><span style=\"display:inherit;clear:left;\">renewed strategy. During the financial year Finnair transported 11.0 million passengers (9.1), which was 20.8 per </span><span style=\"display:inherit;clear:left;\">cent more than in 2022.</span><span style=\"display:inherit;clear:left;\">1.2 Operating income</span><span style=\"display:inherit;clear:left;\">  The operating income section includes both income statement and balance sheet notes that relate to </span><span style=\"display:inherit;clear:left;\">revenue. The aim is to provide a more coherent picture of income related items affecting Finnair\u2019s result and </span><span style=\"display:inherit;clear:left;\">financial position. Trade receivables and deferred income containing mainly prepaid flight tickets and travel </span><span style=\"display:inherit;clear:left;\">tour services are presented in connection with this section, because those are an essential part in revenue </span><span style=\"display:inherit;clear:left;\">recognition.  </span><span style=\"display:inherit;clear:left;\">  Revenue recognition</span><span style=\"display:inherit;clear:left;\">Revenue is recognised when goods or services are delivered. Revenue is measured at fair value of the consideration </span><span style=\"display:inherit;clear:left;\">received or receivable, net of discounts and indirect taxes.</span><span style=\"display:inherit;clear:left;\">Passenger revenue includes sale of flight tickets, and is recognised as revenue when the flight is flown in accordance </span><span style=\"display:inherit;clear:left;\">with the flight traffic program. Recognition of unused tickets as revenue is based on the expected breakage amount of </span><span style=\"display:inherit;clear:left;\">tickets remaining unused in proportion to the pattern of rights exercised by the passenger.</span><span style=\"display:inherit;clear:left;\">Sales price is allocated to a flight ticket and points in Finnair Plus\u2019 Customer Loyalty Program. Finnair loyalty </span><span style=\"display:inherit;clear:left;\">customers can earn Finnair Plus Points from tickets or services purchased, and use the earned points to buy services </span><span style=\"display:inherit;clear:left;\">and products offered by Finnair or its cooperation partners. The points earned are measured at fair value and </span><span style=\"display:inherit;clear:left;\">recognised as a decrease of revenue and debt at the time when the points-earning event (for example, flight is </span><span style=\"display:inherit;clear:left;\">flown) is recognised as revenue. Fair value is measured by taking into account the fair value of those awards that can </span><span style=\"display:inherit;clear:left;\">be purchased with the points and the customer selection between different awards based on historical customer </span><span style=\"display:inherit;clear:left;\">behaviour. In addition, the fair valuation takes into account the expiry of the points. The debt is derecognised when the </span><span style=\"display:inherit;clear:left;\">points are used or expire.</span><span style=\"display:inherit;clear:left;\">Customer compensations for delays or cancellations is a variable consideration in the contract and it is recognised </span><span style=\"display:inherit;clear:left;\">as an adjustment to revenue.</span><span style=\"display:inherit;clear:left;\">Ancillary revenue includes sale of ticket related services, such as advance seat reservations, additional baggage </span><span style=\"display:inherit;clear:left;\">fees as well as different service fees, and sale of goods in the aircraft. The service revenue is recognized when the </span><span style=\"display:inherit;clear:left;\">flight is flown in accordance with the flight traffic program, since it is considered as a contract modification instead of </span><span style=\"display:inherit;clear:left;\">a separate revenue transaction. The sale of goods is recognized when the goods are delivered to the customer. </span><span style=\"display:inherit;clear:left;\">Cargo revenue is recognized when the cargo has been delivered to the customer. </span><span style=\"display:inherit;clear:left;\">Tour operations revenue includes sale of flight and hotel considered as separate performance obligations, which </span><span style=\"display:inherit;clear:left;\">are recognized as the service is delivered.  </span><span style=\"display:inherit;clear:left;\">  Trade receivables</span><span style=\"display:inherit;clear:left;\">Finnair Group recognises impairment provisions based on lifetime expected credit losses from trade receivables </span><span style=\"display:inherit;clear:left;\">in accordance with IFRS 9. Finnair has chosen to apply a simplified credit loss matrix for trade receivables as trade </span><span style=\"display:inherit;clear:left;\">receivables do not have a significant financing component. Accordingly, the credit loss allowance is measured at an </span><span style=\"display:inherit;clear:left;\">amount equal to the lifetime expected credit losses. The expected credit loss model is forward-looking, and expected </span><span style=\"display:inherit;clear:left;\">default rates are based on historical realised credit losses. The lifetime expected credit loss allowance is calculated </span><span style=\"display:inherit;clear:left;\">using the gross carrying amount of outstanding trade receivables in each aging bucket and an expected default rate. </span><span style=\"display:inherit;clear:left;\">The changes in expected credit losses are recognised in other operating expenses.  </span><span style=\"display:inherit;clear:left;\">Finnair Plus Customer Loyalty Program</span><span style=\"display:inherit;clear:left;\">Valuation and revenue recognition related to Finnair Plus debt require management\u2019s judgement especially on fair </span><span style=\"display:inherit;clear:left;\">valuation of points and timing of revenue recognition related to points expected to expire. The fair value of the point </span><span style=\"display:inherit;clear:left;\">is defined by allocating the point to award selection based on historical behaviour of customers, after which the fair </span><span style=\"display:inherit;clear:left;\">value of each award is defined. The liability is calculated by taking the total amount of points earned by customers, </span><span style=\"display:inherit;clear:left;\">decreased by the expected expiry of the points. These points are then fair valued as described above, and the result is </span><span style=\"display:inherit;clear:left;\">recognised as liability on the balance sheet. </span><span style=\"display:inherit;clear:left;\">1.2.1 Revenue by product and traffic area</span><span style=\"display:inherit;clear:left;\">2023</span><span style=\"display:inherit;clear:left;\">The division of revenue by traffic area is based on destination of the Finnair flights. Since the beginning of 2023, </span><span style=\"display:inherit;clear:left;\">Finnair has reported Middle East as a separate traffic area whereas in 2022, these figures were still included in </span><span style=\"display:inherit;clear:left;\">the European traffic. Comparison period figures have been adjusted accordingly.</span><span style=\"display:inherit;clear:left;\">Finnair\u2019s revenue increased compared to the financial year 2022 mainly due to increase in passenger </span><span style=\"display:inherit;clear:left;\">revenue. Passenger revenue increased as the COVID-19 impact was still reflected in the comparison period and </span><span style=\"display:inherit;clear:left;\">as passenger yields were exceptionally high during the reporting period. The decrease in cargo revenue was </span><span style=\"display:inherit;clear:left;\">mainly due to reduced cargo yields.</span><span style=\"display:inherit;clear:left;\">Due to the wide scale of customers and nature of the business, sales to any individual customer is not material</span><span style=\"display:inherit;clear:left;\">compared to Finnair\u2019s total revenue.</span><span style=\"display:inherit;clear:left;\">Share, % of </span><span style=\"display:inherit;clear:left;\">North </span><span style=\"display:inherit;clear:left;\">Middle </span><span style=\"display:inherit;clear:left;\">Unallo-</span><span style=\"display:inherit;clear:left;\">revenue by </span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2b\"> </span><span class=\"ws0\">Asia</span></span><span style=\"display:inherit;clear:left;\">Atlantic<span class=\"_ _110\"> </span>Europe</span><span style=\"display:inherit;clear:left;\">East<span class=\"_ _26a\"> </span>Domestic</span><span style=\"display:inherit;clear:left;\">cated<span class=\"_ _be\"> </span>Total</span><span style=\"display:inherit;clear:left;\">product</span><span style=\"display:inherit;clear:left;\">Passenger revenue<span class=\"_ _bd\"> </span><span class=\"ws0\">763.2<span class=\"_ _26b\"> </span>214.9<span class=\"_ _131\"> </span>1,045.3<span class=\"_ _5f\"> </span>206.3<span class=\"_ _105\"> </span>172.7<span class=\"_ _12f\"> </span>9.3<span class=\"_ _ea\"> </span><span class=\"ff1\">2,411.6<span class=\"_ _149\"> </span></span>80.7</span></span><span style=\"display:inherit;clear:left;\">Ancillary revenue<span class=\"_ _7f\"> </span><span class=\"ws0\">30.6<span class=\"_ _b9\"> </span>9.9<span class=\"_ _80\"> </span>50.7<span class=\"_ _104\"> </span>1.9<span class=\"_ _26c\"> </span>5.8<span class=\"_ _64\"> </span>48.9<span class=\"_ _18f\"> </span><span class=\"ff1\">147.8<span class=\"_ _102\"> </span></span>4.9</span></span><span style=\"display:inherit;clear:left;\">Cargo<span class=\"_ _4d\"> </span>133.6<span class=\"_ _7b\"> </span>28.5<span class=\"_ _80\"> </span>26.5<span class=\"_ _87\"> </span>1.4<span class=\"_ _124\"> </span>0.4<span class=\"_ _104\"> </span>1.6<span class=\"_ _26d\"> </span><span class=\"ff1\">192.0<span class=\"_ _102\"> </span></span>6.4</span><span style=\"display:inherit;clear:left;\">Travel services<span class=\"_ _f1\"> </span><span class=\"ws0\">23.8<span class=\"_ _87\"> </span>1.3<span class=\"_ _5f\"> </span>205.8<span class=\"_ _6f\"> </span>6.0<span class=\"_ _21a\"> </span>0.0<span class=\"_ _6e\"> </span>0.1<span class=\"_ _26e\"> </span><span class=\"ff1\">237.1<span class=\"_ _41\"> </span></span>7.9</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _141\"> </span>951.3<span class=\"_ _26f\"> </span>254.6<span class=\"_ _270\"> </span>1,328.3<span class=\"_ _26d\"> </span>215.6<span class=\"_ _80\"> </span>178.9<span class=\"_ _100\"> </span>59.9<span class=\"_ _271\"> </span>2,988.5</span><span style=\"display:inherit;clear:left;\">Share, % of revenue </span><span style=\"display:inherit;clear:left;\">by traffic area<span class=\"_ _e1\"> </span><span class=\"ws0\">31.8<span class=\"_ _12f\"> </span>8.5<span class=\"_ _151\"> </span>44.4<span class=\"_ _b7\"> </span>7.2<span class=\"_ _124\"> </span>6.0<span class=\"_ _b9\"> </span>2.0</span></span><span style=\"display:inherit;clear:left;\">2022</span><span style=\"display:inherit;clear:left;\">1.2.2 Revenue by currency</span><span style=\"display:inherit;clear:left;\">The hedging policies against foreign exhange rate fluctuations are described in note 3.5 Management of </span><span style=\"display:inherit;clear:left;\">financial risks.</span><span style=\"display:inherit;clear:left;\">1.2.3 Receivables related to revenue</span><span style=\"display:inherit;clear:left;\">Most of the accrued income represents contract assets, for which Finnair has met the performance requirement </span><span style=\"display:inherit;clear:left;\">prior to receiving payment from customers and these have not yet been recognized as trade receivables. </span><span style=\"display:inherit;clear:left;\">Contract assets mainly include accrued income related to cargo sales and receivables from airlines involved </span><span style=\"display:inherit;clear:left;\">in the Siberian Joint Business on flights between Europe and Japan, and the Atlantic Joint Business on flights </span><span style=\"display:inherit;clear:left;\">between Europe and North America.</span><span style=\"display:inherit;clear:left;\">The fair value of trade receivables does not materially differ from balance sheet value.</span><span style=\"display:inherit;clear:left;\">During the financial year, the Group recognised credit losses in total of 0.8 million euros (0.2). Trade receivables </span><span style=\"display:inherit;clear:left;\">do not contain significant credit risk because of the diversified customer base. The maximum exposure to credit </span><span style=\"display:inherit;clear:left;\">risk at the reporting date equals to the total carrying amount of trade receivables. The Group does not hold any </span><span style=\"display:inherit;clear:left;\">collateral as security related to trade receivables.</span><span style=\"display:inherit;clear:left;\">Trade receivables by currency</span><span style=\"display:inherit;clear:left;\">1.2.4 Deferred income and advances received</span><span style=\"display:inherit;clear:left;\">Most of the deferred income and advances received represent contract liabilities, for which payments have </span><span style=\"display:inherit;clear:left;\">been received from customers before the performance obligation is discharged by Finnair. Deferred income </span><span style=\"display:inherit;clear:left;\">and advances received includes prepaid flight tickets and package tours for which the departure date is in the </span><span style=\"display:inherit;clear:left;\">future. The Finnair Plus liability is related to Finnair\u2019s customer loyalty program, and equals the fair value of the </span><span style=\"display:inherit;clear:left;\">accumulated, unused Finnair Plus points. Other items mainly include gift voucher liabilities and liabilities to airlines </span><span style=\"display:inherit;clear:left;\">involved in the Siberian Joint Business on flights between Europe and Japan, and the Atlantic Joint Business on flights </span><span style=\"display:inherit;clear:left;\">between Europe and North America.</span><span style=\"display:inherit;clear:left;\">Share, % of </span><span style=\"display:inherit;clear:left;\">North </span><span style=\"display:inherit;clear:left;\">Middle </span><span style=\"display:inherit;clear:left;\">Unallo-</span><span style=\"display:inherit;clear:left;\">revenue by </span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2b\"> </span><span class=\"ws0\">Asia</span></span><span style=\"display:inherit;clear:left;\">Atlantic<span class=\"_ _110\"> </span>Europe</span><span style=\"display:inherit;clear:left;\">East<span class=\"_ _272\"> </span>Domestic</span><span style=\"display:inherit;clear:left;\">cated<span class=\"_ _be\"> </span>Total</span><span style=\"display:inherit;clear:left;\">product</span><span style=\"display:inherit;clear:left;\">Passenger revenue<span class=\"_ _bc\"> </span><span class=\"ws0\">425.0<span class=\"_ _106\"> </span>244.3<span class=\"_ _5f\"> </span>855.0<span class=\"_ _151\"> </span>42.9<span class=\"_ _82\"> </span>128.2<span class=\"_ _273\"> </span>15.3<span class=\"_ _bd\"> </span><span class=\"ff1\">1,710.7<span class=\"_ _39\"> </span></span>72.6</span></span><span style=\"display:inherit;clear:left;\">Ancillary revenue<span class=\"_ _6f\"> </span><span class=\"ws0\">19.4<span class=\"_ _273\"> </span>12.8<span class=\"_ _7c\"> </span>36.7<span class=\"_ _6e\"> </span>1.0<span class=\"_ _124\"> </span>5.4<span class=\"_ _7b\"> </span>47.9<span class=\"_ _bb\"> </span><span class=\"ff1\">123.2<span class=\"_ _41\"> </span></span>5.2</span></span><span style=\"display:inherit;clear:left;\">Cargo<span class=\"_ _ae\"> </span>224.7<span class=\"_ _80\"> </span>82.6<span class=\"_ _80\"> </span>46.3<span class=\"_ _1fa\"> </span>2.4<span class=\"_ _c0\"> </span>0.4<span class=\"_ _103\"> </span>-4.1<span class=\"_ _70\"> </span><span class=\"ff1\">352.3<span class=\"_ _fc\"> </span></span>15.0</span><span style=\"display:inherit;clear:left;\">Travel services<span class=\"_ _3c\"> </span><span class=\"ws0\">7.6<span class=\"_ _b9\"> </span>0.3<span class=\"_ _26e\"> </span>156.2<span class=\"_ _1fa\"> </span>5.5<span class=\"_ _c0\"> </span>0.5<span class=\"_ _b9\"> </span>0.2<span class=\"_ _bb\"> </span><span class=\"ff1\">170.3<span class=\"_ _10b\"> </span></span>7.2</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _ac\"> </span>676.8<span class=\"_ _79\"> </span>340.0<span class=\"_ _13c\"> </span>1,094.3<span class=\"_ _65\"> </span>51.8<span class=\"_ _d\"> </span>134.4<span class=\"_ _100\"> </span>59.3<span class=\"_ _13c\"> </span>2,356.6</span><span style=\"display:inherit;clear:left;\">Share, % of revenue </span><span style=\"display:inherit;clear:left;\">by traffic area<span class=\"_ _10a\"> </span><span class=\"ws0\">28.7<span class=\"_ _23\"> </span>14.4<span class=\"_ _151\"> </span>46.4<span class=\"_ _68\"> </span>2.2<span class=\"_ _26c\"> </span>5.7<span class=\"_ _1fa\"> </span>2.5</span></span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">EUR<span class=\"_ _274\"> </span>1,764.0<span class=\"_ _26c\"> </span>1,365.3</span><span style=\"display:inherit;clear:left;\">USD<span class=\"_ _275\"> </span>282.1<span class=\"_ _10a\"> </span>193.7</span><span style=\"display:inherit;clear:left;\">JPY<span class=\"_ _12a\"> </span>128.4<span class=\"_ _10c\"> </span>96.8</span><span style=\"display:inherit;clear:left;\">GBP<span class=\"_ _d0\"> </span>109.4<span class=\"_ _47\"> </span>97.8</span><span style=\"display:inherit;clear:left;\">SEK<span class=\"_ _276\"> </span>100.6<span class=\"_ _e9\"> </span>100.9</span><span style=\"display:inherit;clear:left;\">KRW<span class=\"_ _277\"> </span>93.6<span class=\"_ _47\"> </span>52.3</span><span style=\"display:inherit;clear:left;\">NOK<span class=\"_ _278\"> </span>82.9<span class=\"_ _3c\"> </span>85.4</span><span style=\"display:inherit;clear:left;\">Other currencies<span class=\"_ _21\"> </span><span class=\"ws0\">427.5<span class=\"_ _232\"> </span>364.2</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _279\"> </span>2,988.5<span class=\"_ _129\"> </span>2,356.6</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Trade receivables<span class=\"_ _27a\"> </span><span class=\"ws0\">94.1<span class=\"_ _10c\"> </span>89.4</span></span><span style=\"display:inherit;clear:left;\">Accrued income<span class=\"_ _18c\"> </span><span class=\"ws0\">60.3<span class=\"_ _42\"> </span>45.5</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _27b\"> </span>154.4<span class=\"_ _232\"> </span>134.9</span><span style=\"display:inherit;clear:left;\">2023<span class=\"_ _27c\"> </span>2022</span><span style=\"display:inherit;clear:left;\">Aging analysis </span><span style=\"display:inherit;clear:left;\">Trade </span><span style=\"display:inherit;clear:left;\">Probability </span><span style=\"display:inherit;clear:left;\">Expected </span><span style=\"display:inherit;clear:left;\">Trade </span><span style=\"display:inherit;clear:left;\">Probability </span><span style=\"display:inherit;clear:left;\">Expected </span><span style=\"display:inherit;clear:left;\">of trade </span><span style=\"display:inherit;clear:left;\">receivables, </span><span style=\"display:inherit;clear:left;\">of not </span><span style=\"display:inherit;clear:left;\">uncollectible, <span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span><span style=\"display:inherit;clear:left;\">receivables, </span><span style=\"display:inherit;clear:left;\">of not </span><span style=\"display:inherit;clear:left;\">uncollectible, <span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span><span style=\"display:inherit;clear:left;\">receivables</span><span style=\"display:inherit;clear:left;\">EUR mill.</span><span style=\"display:inherit;clear:left;\">collecting, %</span><span style=\"display:inherit;clear:left;\">EUR mill.</span><span style=\"display:inherit;clear:left;\">EUR mill.</span><span style=\"display:inherit;clear:left;\">collecting, %</span><span style=\"display:inherit;clear:left;\">EUR mill.</span><span style=\"display:inherit;clear:left;\">Not overdue<span class=\"_ _256\"> </span><span class=\"ws0\">93.7<span class=\"_ _bf\"> </span>0.6%<span class=\"_ _56\"> </span>0.5<span class=\"_ _3b\"> </span>87.1<span class=\"_ _10a\"> </span>0.5%<span class=\"_ _56\"> </span>0.4</span></span><span style=\"display:inherit;clear:left;\">Overdue less than </span><span style=\"display:inherit;clear:left;\">60 days<span class=\"_ _17d\"> </span><span class=\"ws0\">0.1<span class=\"_ _10a\"> </span>4.5%<span class=\"_ _182\"> </span>0.0<span class=\"_ _51\"> </span>0.2<span class=\"_ _232\"> </span>19.7%<span class=\"_ _182\"> </span>0.0</span></span><span style=\"display:inherit;clear:left;\">Overdue more </span><span style=\"display:inherit;clear:left;\">than 60 days<span class=\"_ _cd\"> </span><span class=\"ws0\">0.4<span class=\"_ _e1\"> </span>3.7%<span class=\"_ _182\"> </span>0.0<span class=\"_ _108\"> </span>2.1<span class=\"_ _fc\"> </span>6.3%<span class=\"_ _50\"> </span>0.1</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _16f\"> </span>94.1<span class=\"_ _46\"> </span>0.6%<span class=\"_ _182\"> </span>0.6<span class=\"_ _e6\"> </span>89.4<span class=\"_ _39\"> </span>0.7%<span class=\"_ _182\"> </span>0.6</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">EUR<span class=\"_ _27d\"> </span>51.4<span class=\"_ _42\"> </span>52.6</span><span style=\"display:inherit;clear:left;\">USD<span class=\"_ _27e\"> </span>11.4<span class=\"_ _4b\"> </span>5.2</span><span style=\"display:inherit;clear:left;\">KRW<span class=\"_ _27f\"> </span>4.1<span class=\"_ _4b\"> </span>3.2</span><span style=\"display:inherit;clear:left;\">NOK<span class=\"_ _27e\"> </span>3.9<span class=\"_ _51\"> </span>6.2</span><span style=\"display:inherit;clear:left;\">JPY<span class=\"_ _190\"> </span>3.4<span class=\"_ _d2\"> </span>3.1</span><span style=\"display:inherit;clear:left;\">GBP<span class=\"_ _193\"> </span>3.1<span class=\"_ _107\"> </span>3.7</span><span style=\"display:inherit;clear:left;\">SEK<span class=\"_ _280\"> </span>2.8<span class=\"_ _4b\"> </span>3.3</span><span style=\"display:inherit;clear:left;\">Other currencies<span class=\"_ _281\"> </span><span class=\"ws0\">14.0<span class=\"_ _182\"> </span>12.1</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _d0\"> </span>94.1<span class=\"_ _fd\"> </span>89.4</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Deferred revenue on ticket sales<span class=\"_ _118\"> </span><span class=\"ws0\">394.8<span class=\"_ _232\"> </span>356.4</span></span><span style=\"display:inherit;clear:left;\">Loyalty program Finnair Plus<span class=\"_ _24b\"> </span><span class=\"ws0\">66.7<span class=\"_ _10b\"> </span>51.3</span></span><span style=\"display:inherit;clear:left;\">Advances received for tour operations<span class=\"_ _235\"> </span><span class=\"ws0\">32.5<span class=\"_ _282\"> </span>27.9</span></span><span style=\"display:inherit;clear:left;\">Other items<span class=\"_ _283\"> </span><span class=\"ws0\">12.8<span class=\"_ _30\"> </span>16.4</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _284\"> </span>506.7<span class=\"_ _b5\"> </span>452.0</span><span style=\"display:inherit;clear:left;\">1.2.5 Other operating income</span><span style=\"display:inherit;clear:left;\">Other operating income decreased when compared to the financial year 2022 mainly due to ending of the </span><span style=\"display:inherit;clear:left;\">wet lease arrangements with Eurowings Discover in the first quarter of 2023. Sales gains on fixed assets mainly </span><span style=\"display:inherit;clear:left;\">comprise of the purchase of two A320 and seven A321 leased aircraft.</span><span style=\"display:inherit;clear:left;\">1.3 Operating expenses</span><span style=\"display:inherit;clear:left;\">  The operating expenses section includes the income statement and balance sheet notes related to operating<span class=\"_ _1\"></span> </span><span style=\"display:inherit;clear:left;\">expenses, aiming to provide a better overview of business operations and related expenses. Maintenance provisions<span class=\"_ _1\"></span> </span><span style=\"display:inherit;clear:left;\">of leased aircraft that inherently relate to aircraft overhaul costs are included in this operating expenses section. Also<span class=\"_ _1\"></span> </span><span style=\"display:inherit;clear:left;\">accrued expenses, such as liabilities related to jet fuel and traffic charges, are presented in this section. In addition,<span class=\"_ _1\"></span> </span><span style=\"display:inherit;clear:left;\">items related to employee benefits are presented at the end of this section in a separate note 1.3.8. Employee benefits.</span><span style=\"display:inherit;clear:left;\">It includes the different forms of benefits received by Finnair employees, including share-based payments and<span class=\"_ _1\"></span> </span><span style=\"display:inherit;clear:left;\">pensions, their effect on staff costs and balance sheet as well as information on management remuneration.  </span><span style=\"display:inherit;clear:left;\">Finnair\u2019s operating expenses increased as compared to the prior year mainly due to increased capacity and </span><span style=\"display:inherit;clear:left;\">longer Asian routings. Finnair continued its cost efficiency initiatives during 2023.</span><span style=\"display:inherit;clear:left;\">1.3.1 Operating expenses by currency</span><span style=\"display:inherit;clear:left;\">The hedging policies against foreign exchange rate fluctuations are described in note 3.5 Management of </span><span style=\"display:inherit;clear:left;\">financial risks.</span><span style=\"display:inherit;clear:left;\">1.3.2 Passenger and handling services</span><span style=\"display:inherit;clear:left;\">1.3.3 Property, IT and other expenses</span><span style=\"display:inherit;clear:left;\">Property, IT and other expenses mainly consist of fixed costs.</span><span style=\"display:inherit;clear:left;\">Audit fees</span><span style=\"display:inherit;clear:left;\">The auditor\u2019s fees of KPMG Oy Ab included fees of 614 thousand euro (466) for audit services and 9 thousand </span><span style=\"display:inherit;clear:left;\">euro (127) for auditor\u2019s statements. Non-audit services to Finnair Group entities were 239 thousand euro (3).</span><span style=\"display:inherit;clear:left;\">1.3.4 Inventories and other current assets</span><span style=\"display:inherit;clear:left;\">Credit card acquirer holdbacks relate to cash funds from passenger ticket sales that are held by credit card </span><span style=\"display:inherit;clear:left;\">processors.</span><span style=\"display:inherit;clear:left;\">1.3.5 Other liabilities</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Jet fuel and traffic charges<span class=\"_ _29d\"> </span><span class=\"ws0\">50.4<span class=\"_ _10c\"> </span>50.9</span></span><span style=\"display:inherit;clear:left;\">Passenger and handling services<span class=\"_ _29e\"> </span><span class=\"ws0\">38.1<span class=\"_ _42\"> </span>34.8</span></span><span style=\"display:inherit;clear:left;\">Aircraft materials and overhaul<span class=\"_ _210\"> </span><span class=\"ws0\">22.2<span class=\"_ _102\"> </span>14.0</span></span><span style=\"display:inherit;clear:left;\">Sales, marketing and distribution cost accruals<span class=\"_ _200\"> </span><span class=\"ws0\">17.1<span class=\"_ _41\"> </span>13.8</span></span><span style=\"display:inherit;clear:left;\">Interest and other financial items<span class=\"_ _29f\"> </span><span class=\"ws0\">8.2<span class=\"_ _295\"> </span>9.0</span></span><span style=\"display:inherit;clear:left;\">Other items<span class=\"_ _1d9\"> </span><span class=\"ws0\">31.2<span class=\"_ _41\"> </span>21.9</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _2a0\"> </span>167.1<span class=\"_ _f7\"> </span>144.4</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">IT expenses<span class=\"_ _21f\"> </span><span class=\"ws0\">67.2<span class=\"_ _3c\"> </span>63.9</span></span><span style=\"display:inherit;clear:left;\">Property expenses<span class=\"_ _290\"> </span><span class=\"ws0\">21.9<span class=\"_ _10c\"> </span>20.6</span></span><span style=\"display:inherit;clear:left;\">Other expenses<span class=\"_ _291\"> </span><span class=\"ws0\">22.9<span class=\"_ _42\"> </span>39.2</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _292\"> </span>112.1<span class=\"_ _46\"> </span>123.7</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Auditor's fees<span class=\"_ _293\"> </span><span class=\"ws0\">0.6<span class=\"_ _56\"> </span>0.6</span></span><span style=\"display:inherit;clear:left;\">Tax advising<span class=\"_ _294\"> </span><span class=\"ws0\">-<span class=\"_ _22\"> </span>-</span></span><span style=\"display:inherit;clear:left;\">Other fees<span class=\"_ _199\"> </span><span class=\"ws0\">0.2<span class=\"_ _295\"> </span>0.0</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _296\"> </span>0.9<span class=\"_ _297\"> </span>0.6</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Credit card acquirer holdbacks<span class=\"_ _298\"> </span><span class=\"ws0\">57.0<span class=\"_ _42\"> </span>57.0</span></span><span style=\"display:inherit;clear:left;\">Inventories<span class=\"_ _299\"> </span>32.2<span class=\"_ _297\"> </span>31.1</span><span style=\"display:inherit;clear:left;\">Aircraft materials and overhaul<span class=\"_ _24\"> </span><span class=\"ws0\">9.5<span class=\"_ _4b\"> </span>7.4</span></span><span style=\"display:inherit;clear:left;\">Jet fuels<span class=\"_ _27b\"> </span><span class=\"ws0\">9.3<span class=\"_ _1cf\"> </span>6.6</span></span><span style=\"display:inherit;clear:left;\">Capacity rent receivables<span class=\"_ _29a\"> </span><span class=\"ws0\">7.0<span class=\"_ _1cf\"> </span>6.4</span></span><span style=\"display:inherit;clear:left;\">VAT receivables<span class=\"_ _29b\"> </span><span class=\"ws0\">3.7<span class=\"_ _108\"> </span>2.1</span></span><span style=\"display:inherit;clear:left;\">Interest and other financial items<span class=\"_ _29c\"> </span><span class=\"ws0\">2.3<span class=\"_ _d2\"> </span>1.5</span></span><span style=\"display:inherit;clear:left;\">Other items<span class=\"_ _283\"> </span><span class=\"ws0\">13.6<span class=\"_ _1cf\"> </span>9.8</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _288\"> </span>134.6<span class=\"_ _232\"> </span>122.0</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">EUR<span class=\"_ _289\"> </span>1,774.4<span class=\"_ _b6\"> </span>1,490.1</span><span style=\"display:inherit;clear:left;\">USD<span class=\"_ _275\"> </span>971.9<span class=\"_ _124\"> </span>1,092.3</span><span style=\"display:inherit;clear:left;\">Other currencies<span class=\"_ _28a\"> </span><span class=\"ws0\">181.3<span class=\"_ _bf\"> </span>128.3</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _28b\"> </span>2,927.5<span class=\"_ _77\"> </span>2,710.6</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Ground and cargo handling expenses<span class=\"_ _28c\"> </span><span class=\"ws0\">178.8<span class=\"_ _39\"> </span>158.3</span></span><span style=\"display:inherit;clear:left;\">Expenses for tour operations<span class=\"_ _28d\"> </span><span class=\"ws0\">115.4<span class=\"_ _10c\"> </span>88.9</span></span><span style=\"display:inherit;clear:left;\">Catering expenses<span class=\"_ _206\"> </span><span class=\"ws0\">57.3<span class=\"_ _10d\"> </span>45.0</span></span><span style=\"display:inherit;clear:left;\">Other passenger services<span class=\"_ _28e\"> </span><span class=\"ws0\">62.7<span class=\"_ _42\"> </span>55.8</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _28f\"> </span>414.1<span class=\"_ _b5\"> </span>348.0</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Lease income<span class=\"_ _285\"> </span><span class=\"ws0\">95.3<span class=\"_ _e6\"> </span>118.8</span></span><span style=\"display:inherit;clear:left;\">Sales gains on fixed assets<span class=\"_ _286\"> </span><span class=\"ws0\">13.4<span class=\"_ _1cf\"> </span>6.8</span></span><span style=\"display:inherit;clear:left;\">Other income<span class=\"_ _287\"> </span><span class=\"ws0\">21.8<span class=\"_ _282\"> </span>27.9</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _288\"> </span>130.5<span class=\"_ _e9\"> </span>153.5</span><span style=\"display:inherit;clear:left;\">1.3.6 Provisions</span><span style=\"display:inherit;clear:left;\">  Provisions</span><span style=\"display:inherit;clear:left;\">Provisions are recognised when the Group has a present legal or constructive obligation as the result of a past event, </span><span style=\"display:inherit;clear:left;\">the fulfilment of the payment obligation is probable, and a reliable estimate of the amount of the obligation can be </span><span style=\"display:inherit;clear:left;\">made. The amount to be recognised as provision corresponds to the management\u2019s best estimate of the expenses </span><span style=\"display:inherit;clear:left;\">that will be necessary to meet the obligation at the end of the reporting period.</span><span style=\"display:inherit;clear:left;\">In most cases, the Group is obliged to return leased aircraft and their engines according to the redelivery condition </span><span style=\"display:inherit;clear:left;\">set in the lease agreement. If at the time of redelivery, the condition of the aircraft and its engines differs from the </span><span style=\"display:inherit;clear:left;\">agreed redelivery condition, Finnair needs to either maintain the aircraft so that it meets the agreed redelivery </span><span style=\"display:inherit;clear:left;\">condition or settle the difference in cash to the lessor. To fulfil these maintenance obligations, the Group has </span><span style=\"display:inherit;clear:left;\">recognised airframe heavy maintenance, engine performance maintenance, engine life limited part, landing gear, </span><span style=\"display:inherit;clear:left;\">auxiliary power unit and other material maintenance provisions. The provision is defined as a difference between </span><span style=\"display:inherit;clear:left;\">the current condition and redelivery condition of these maintenance components. The provision is accrued based </span><span style=\"display:inherit;clear:left;\">on flight hours flown until the next maintenance event or the redelivery and recognised in the aircraft overhaul costs </span><span style=\"display:inherit;clear:left;\">in the income statement. The provision is reversed at the maintenance event or redelivery. The price of the flight hour </span><span style=\"display:inherit;clear:left;\">depends on the market price development of the maintenance costs. Estimated future cash flows are discounted to </span><span style=\"display:inherit;clear:left;\">the present value. The maintenance market prices are mainly denominated in US dollars, which is why the amount of </span><span style=\"display:inherit;clear:left;\">maintenance provision changes due to currency fluctuation of the dollar.</span><span style=\"display:inherit;clear:left;\">The final check and painting required at redelivery are considered unavoidable maintenance costs that realise </span><span style=\"display:inherit;clear:left;\">when the aircraft is redelivered to the lessor, irrespective of the time or flight hours. The counterpart of the provision is </span><span style=\"display:inherit;clear:left;\">recorded in the book value of the right-of-use asset at the commencement of the lease. Respectively, costs depending </span><span style=\"display:inherit;clear:left;\">on the usage of the aircraft are not considered as part of the right-of-use asset cost, but these are recognised </span><span style=\"display:inherit;clear:left;\">according to the principles presented above.</span><span style=\"display:inherit;clear:left;\">Restructuring provisions are recognised when the Group has prepared a detailed restructuring plan and has begun </span><span style=\"display:inherit;clear:left;\">to implement the plan or has announced it.  </span><span style=\"display:inherit;clear:left;\">  Maintenance reserves of the fleet</span><span style=\"display:inherit;clear:left;\">The measurement of aircraft maintenance provisions requires management judgement especially related to the </span><span style=\"display:inherit;clear:left;\">timing of maintenance events and the valuation of maintenance costs occurring in the future. The future maintenance </span><span style=\"display:inherit;clear:left;\">costs and their timing are dependent on, for example, how future traffic plans actually realise, the market price </span><span style=\"display:inherit;clear:left;\">development of maintenance costs and the actual condition of the aircraft at the time of the maintenance event.  </span><span style=\"display:inherit;clear:left;\">Non-current aircraft maintenance provisions are expected to be used by 2035. Maintenance provisions of 90.8 </span><span style=\"display:inherit;clear:left;\">million euros were reclassified against the acquisition cost of purchased, formerly leased aircraft.</span><span style=\"display:inherit;clear:left;\">In balance sheet, the non-current provisions and other liabilities 125.9 million euro (186.4) includes, in addition </span><span style=\"display:inherit;clear:left;\">to provisions, other non-current liabilities 6.9 million euro (6.3), which mainly consist of received lease deposits.</span><span style=\"display:inherit;clear:left;\">1.3.7 Items affecting comparability</span><span style=\"display:inherit;clear:left;\">Finnair uses alternative performance measures in its internal reporting to the chief operative decision maker, </span><span style=\"display:inherit;clear:left;\">or Finnair Executive Board. The figures are referred to in the European Securities Markets Authority (ESMA) </span><span style=\"display:inherit;clear:left;\">Guidelines on Alternative Performance Measures, which Finnair uses to describe its business and financial </span><span style=\"display:inherit;clear:left;\">performance development between periods. The alternative performance measures do not replace IFRS </span><span style=\"display:inherit;clear:left;\">indicators, but shall be read in conjunction with key figures in accordance with IFRS financial statements.</span><span style=\"display:inherit;clear:left;\">Unrealised exchange rate differences of mainly in US dollars denominated aircraft maintenance provisions </span><span style=\"display:inherit;clear:left;\">and unrealised fair value changes of derivatives where hedge accounting is not applied are excluded from </span><span style=\"display:inherit;clear:left;\">comparable operating result. These exchange rate and fair value effects are included in the comparable </span><span style=\"display:inherit;clear:left;\">operating result only when they will realize. In addition, gains and losses on aircraft and other transactions, </span><span style=\"display:inherit;clear:left;\">impairment as well as restructuring costs are not included in the comparable operating result.</span><span style=\"display:inherit;clear:left;\">Items affecting comparability include gain of 7.1 million euros on the unrealized exchange rate difference of </span><span style=\"display:inherit;clear:left;\">aircraft maintenance provisions, gain of 13.5 million euros mainly comprising of the purchase of nine leased </span><span style=\"display:inherit;clear:left;\">aircraft and an impairment of 13.7 million euros related to lease agreements for an aircraft maintenance hangar </span><span style=\"display:inherit;clear:left;\">and its land area situated in the Helsinki airport area.</span><span style=\"display:inherit;clear:left;\">Aircraft </span><span style=\"display:inherit;clear:left;\">Aircraft </span><span style=\"display:inherit;clear:left;\">maintenance </span><span style=\"display:inherit;clear:left;\">Other </span><span style=\"display:inherit;clear:left;\">maintenance </span><span style=\"display:inherit;clear:left;\">Other </span><span style=\"display:inherit;clear:left;\">EUR mill.</span><span style=\"display:inherit;clear:left;\">provision</span><span style=\"display:inherit;clear:left;\">provisions<span class=\"_ _12f\"> </span>2023</span><span style=\"display:inherit;clear:left;\">provision</span><span style=\"display:inherit;clear:left;\">provisions<span class=\"_ _12f\"> </span>2022</span><span style=\"display:inherit;clear:left;\">Provision at the </span><span style=\"display:inherit;clear:left;\">beginning of period<span class=\"_ _29\"> </span><span class=\"ws0\">246.7<span class=\"_ _149\"> </span>5.0<span class=\"_ _124\"> </span>251.7<span class=\"_ _42\"> </span>195.9<span class=\"_ _39\"> </span>3.8<span class=\"_ _fb\"> </span>199.8</span></span><span style=\"display:inherit;clear:left;\">Provision for the period<span class=\"_ _40\"> </span><span class=\"ws0\">49.1<span class=\"_ _10d\"> </span>1.2<span class=\"_ _189\"> </span>50.3<span class=\"_ _107\"> </span>56.1<span class=\"_ _5a\"> </span>4.8<span class=\"_ _b6\"> </span>60.9</span></span><span style=\"display:inherit;clear:left;\">Provision used<span class=\"_ _2a1\"> </span><span class=\"ws0\">-58.9<span class=\"_ _59\"> </span>-2.8<span class=\"_ _b6\"> </span>-61.7<span class=\"_ _10b\"> </span>-16.6<span class=\"_ _59\"> </span>-2.6<span class=\"_ _c4\"> </span>-19.2</span></span><span style=\"display:inherit;clear:left;\">Provision reversed<span class=\"_ _9e\"> </span><span class=\"ws0\">-2.3<span class=\"_ _b5\"> </span>-0.6<span class=\"_ _58\"> </span>-2.9<span class=\"_ _ed\"> </span>-3.1<span class=\"_ _c1\"> </span>-1.0<span class=\"_ _59\"> </span>-4.2</span></span><span style=\"display:inherit;clear:left;\">Provision for right-of-use </span><span style=\"display:inherit;clear:left;\">assets redelivery<span class=\"_ _123\"> </span><span class=\"ws0\">-0.3<span class=\"_ _107\"> </span>-<span class=\"_ _22a\"> </span>-0.3<span class=\"_ _5e\"> </span>-0.9<span class=\"_ _107\"> </span>-<span class=\"_ _b5\"> </span>-0.9</span></span><span style=\"display:inherit;clear:left;\">Reclassifications<span class=\"_ _1e7\"> </span>-90.8<span class=\"_ _107\"> </span>-<span class=\"_ _77\"> </span>-90.8<span class=\"_ _43\"> </span>-<span class=\"_ _107\"> </span>-<span class=\"_ _107\"> </span>-</span><span style=\"display:inherit;clear:left;\">Unwinding of discount<span class=\"_ _31\"> </span><span class=\"ws0\">7.8<span class=\"_ _107\"> </span>-<span class=\"_ _bf\"> </span>7.8<span class=\"_ _4c\"> </span>6.4<span class=\"_ _107\"> </span>-<span class=\"_ _5a\"> </span>6.4</span></span><span style=\"display:inherit;clear:left;\">Exchange rate </span><span style=\"display:inherit;clear:left;\">differences<span class=\"_ _2a2\"> </span>-7.1<span class=\"_ _107\"> </span>-<span class=\"_ _46\"> </span>-7.1<span class=\"_ _4c\"> </span>8.8<span class=\"_ _107\"> </span>-<span class=\"_ _5a\"> </span>8.8</span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _10e\"> </span>144.2<span class=\"_ _46\"> </span>2.9<span class=\"_ _21a\"> </span>147.1<span class=\"_ _10a\"> </span>246.7<span class=\"_ _e9\"> </span>5.0<span class=\"_ _77\"> </span>251.7</span><span style=\"display:inherit;clear:left;\">Of which non-current<span class=\"_ _8c\"> </span><span class=\"ws0\">118.3<span class=\"_ _46\"> </span>0.8<span class=\"_ _124\"> </span>119.0<span class=\"_ _41\"> </span>178.7<span class=\"_ _fd\"> </span>1.4<span class=\"_ _11a\"> </span>180.1</span></span><span style=\"display:inherit;clear:left;\">Of which current<span class=\"_ _1ed\"> </span><span class=\"ws0\">25.9<span class=\"_ _10d\"> </span>2.1<span class=\"_ _58\"> </span>28.1<span class=\"_ _d4\"> </span>68.0<span class=\"_ _39\"> </span>3.6<span class=\"_ _232\"> </span>71.7</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _10e\"> </span>144.2<span class=\"_ _46\"> </span>2.9<span class=\"_ _21a\"> </span>147.1<span class=\"_ _10a\"> </span>246.7<span class=\"_ _e9\"> </span>5.0<span class=\"_ _77\"> </span>251.7</span><span style=\"display:inherit;clear:left;\">2023<span class=\"_ _2a3\"> </span>2022</span><span style=\"display:inherit;clear:left;\">Items </span><span style=\"display:inherit;clear:left;\">Items </span><span style=\"display:inherit;clear:left;\">affecting </span><span style=\"display:inherit;clear:left;\">affecting </span><span style=\"display:inherit;clear:left;\">compara-</span><span style=\"display:inherit;clear:left;\">compara-</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _ac\"> </span><span class=\"ws0\">Reported</span></span><span style=\"display:inherit;clear:left;\">bility<span class=\"_ _26a\"> </span>Comparable<span class=\"_ _19\"> </span>Reported</span><span style=\"display:inherit;clear:left;\">bility<span class=\"_ _26a\"> </span>Comparable</span><span style=\"display:inherit;clear:left;\">Revenue<span class=\"_ _2a4\"> </span>2,988.5<span class=\"_ _f3\"> </span><span class=\"ff3\">-<span class=\"_ _77\"> </span></span>2,988.5<span class=\"_ _dc\"> </span>2,356.6<span class=\"_ _f3\"> </span><span class=\"ff3\">-<span class=\"_ _77\"> </span></span>2,356.6</span><span style=\"display:inherit;clear:left;\">Other operating income<span class=\"_ _66\"> </span><span class=\"ws0\">130.5<span class=\"_ _66\"> </span>-13.5<span class=\"_ _42\"> </span>117.0<span class=\"_ _124\"> </span>153.5<span class=\"_ _f7\"> </span>-6.8<span class=\"_ _fd\"> </span>146.7</span></span><span style=\"display:inherit;clear:left;\">Operating expenses</span><span style=\"display:inherit;clear:left;\">Staff and other crew </span><span style=\"display:inherit;clear:left;\">related costs<span class=\"_ _150\"> </span><span class=\"ws0\">-498.1<span class=\"_ _50\"> </span>-<span class=\"_ _232\"> </span>-498.1<span class=\"_ _e3\"> </span>-449.6<span class=\"_ _fc\"> </span>2.5<span class=\"_ _e9\"> </span>-447.1</span></span><span style=\"display:inherit;clear:left;\">Fuel costs<span class=\"_ _c3\"> </span><span class=\"ws0\">-898.9<span class=\"_ _f7\"> </span>-0.7<span class=\"_ _204\"> </span>-899.6<span class=\"_ _b7\"> </span>-835.1<span class=\"_ _59\"> </span>-0.9<span class=\"_ _204\"> </span>-836.0</span></span><span style=\"display:inherit;clear:left;\">Capacity rents<span class=\"_ _8a\"> </span><span class=\"ws0\">-107.2<span class=\"_ _f3\"> </span>-<span class=\"_ _c1\"> </span>-107.2<span class=\"_ _68\"> </span>-102.5<span class=\"_ _f3\"> </span>-<span class=\"_ _232\"> </span>-102.5</span></span><span style=\"display:inherit;clear:left;\">Aircraft materials and </span><span style=\"display:inherit;clear:left;\">overhaul<span class=\"_ _191\"> </span>-200.1<span class=\"_ _39\"> </span>-7.1<span class=\"_ _59\"> </span>-207.2<span class=\"_ _68\"> </span>-192.4<span class=\"_ _10a\"> </span>8.8<span class=\"_ _232\"> </span>-183.6</span><span style=\"display:inherit;clear:left;\">Traffic charges<span class=\"_ _171\"> </span><span class=\"ws0\">-233.8<span class=\"_ _f3\"> </span>-<span class=\"_ _59\"> </span>-233.8<span class=\"_ _103\"> </span>-206.5<span class=\"_ _50\"> </span>-<span class=\"_ _b5\"> </span>-206.5</span></span><span style=\"display:inherit;clear:left;\">Sales, marketing and </span><span style=\"display:inherit;clear:left;\">distribution costs<span class=\"_ _16a\"> </span><span class=\"ws0\">-117.1<span class=\"_ _f3\"> </span>-<span class=\"_ _10c\"> </span>-117.1<span class=\"_ _87\"> </span>-103.1<span class=\"_ _f3\"> </span>-<span class=\"_ _5a\"> </span>-103.1</span></span><span style=\"display:inherit;clear:left;\">Passenger and handling </span><span style=\"display:inherit;clear:left;\">services<span class=\"_ _2a5\"> </span>-414.1<span class=\"_ _f3\"> </span>-<span class=\"_ _39\"> </span>-414.1<span class=\"_ _e3\"> </span>-348.0<span class=\"_ _50\"> </span>-<span class=\"_ _b5\"> </span>-348.0</span><span style=\"display:inherit;clear:left;\">Property, IT and other </span><span style=\"display:inherit;clear:left;\">expenses<span class=\"_ _2a6\"> </span>-112.1<span class=\"_ _e1\"> </span>0.1<span class=\"_ _fd\"> </span>-111.9<span class=\"_ _104\"> </span>-123.7<span class=\"_ _bf\"> </span>0.4<span class=\"_ _e9\"> </span>-123.3</span><span style=\"display:inherit;clear:left;\">EBITDA<span class=\"_ _2a7\"> </span>-<span class=\"_ _f3\"> </span><span class=\"ff3\">-<span class=\"_ _39\"> </span></span>516.5<span class=\"_ _50\"> </span>-<span class=\"_ _f3\"> </span><span class=\"ff3\">-<span class=\"_ _10a\"> </span></span>153.2</span><span style=\"display:inherit;clear:left;\">Depreciation and </span><span style=\"display:inherit;clear:left;\">impairment<span class=\"_ _2a8\"> </span>-346.2<span class=\"_ _232\"> </span>13.7<span class=\"_ _59\"> </span>-332.6<span class=\"_ _103\"> </span>-349.8<span class=\"_ _58\"> </span>32.7<span class=\"_ _fc\"> </span>-317.1</span><span style=\"display:inherit;clear:left;\">Operating result<span class=\"_ _26\"> </span><span class=\"ws0\">191.4<span class=\"_ _57\"> </span>-7.5<span class=\"_ _46\"> </span>184.0<span class=\"_ _82\"> </span>-200.6<span class=\"_ _e8\"> </span>36.6<span class=\"_ _58\"> </span>-163.9</span></span><span style=\"display:inherit;clear:left;\">1.3.8 Employee benefits</span><span style=\"display:inherit;clear:left;\">1.3.8.1 Employee benefit expenses and share-based payments</span><span style=\"display:inherit;clear:left;\">  Share-based payments</span><span style=\"display:inherit;clear:left;\">Finnair provides several share-based compensation plans for its employees, under which the Group receives </span><span style=\"display:inherit;clear:left;\">services from employees as consideration for share-based payments. Regarding share-based incentive plans for </span><span style=\"display:inherit;clear:left;\">key personnel, the awards are paid only if performance criteria set by the Board of Directors is met. Share-based </span><span style=\"display:inherit;clear:left;\">savings plan for employees (FlyShare) requires the employees to remain in Finnair\u2019s service for the defined period, but </span><span style=\"display:inherit;clear:left;\">payment does not depend on any performance criteria.</span><span style=\"display:inherit;clear:left;\">The total expense for share-based payments is recognised over the vesting period, which is the period over which </span><span style=\"display:inherit;clear:left;\">all of the specified vesting conditions, such as the fulfilment of goals and a valid employment relationship, are to </span><span style=\"display:inherit;clear:left;\">be satisfied. Share-based payments that are settled net of taxes are considered in their entirety as equity-settled </span><span style=\"display:inherit;clear:left;\">share-based payment transactions. The reward is valued based on the market price of the Finnair share as of the </span><span style=\"display:inherit;clear:left;\">grant date, and recognised as an employee benefit expense over the vesting period with corresponding entry in the </span><span style=\"display:inherit;clear:left;\">equity. Income tax paid to tax authorities on behalf of employee is measured based on the market price of the  <span class=\"_ _0\"></span>Finnair </span><span style=\"display:inherit;clear:left;\">share at the delivery date and recognised as a decrease in equity. If the reward includes the portion settled in cash, </span><span style=\"display:inherit;clear:left;\">it is accounted for as a cash-settled transaction. The liability resulting from the cash-settled transactions is measured </span><span style=\"display:inherit;clear:left;\">based on the market price of the Finnair share at the balance sheet date and accrued as an employee benefit </span><span style=\"display:inherit;clear:left;\">expense for service period with corresponding entry in the liabilities until the settlement date.</span><span style=\"display:inherit;clear:left;\">Termination benefits</span><span style=\"display:inherit;clear:left;\">Termination benefits are payable when employment is terminated by the Group before the normal retirement date, </span><span style=\"display:inherit;clear:left;\">or whenever an employee accepts voluntary redundancy in exchange for these benefits. The Group recognises </span><span style=\"display:inherit;clear:left;\">termination benefits when it is demonstrably committed to a termination. Group is demonstrably committed when </span><span style=\"display:inherit;clear:left;\">it has a detailed formal plan to terminate the employment of current employees without possibility of withdrawal. In </span><span style=\"display:inherit;clear:left;\">the case of an offer made to encourage voluntary redundancy, the termination benefits are measured based on the </span><span style=\"display:inherit;clear:left;\">number of employees expected to accept the offer.</span><span style=\"display:inherit;clear:left;\">Accounting principles related to pension benefits are described in the note 1.3.8.2 Pensions.  </span><span style=\"display:inherit;clear:left;\">Staff and other crew related costs</span><span style=\"display:inherit;clear:left;\">At Finnair, the total salary of personnel consists of fixed pay, allowances, short- and long-term incentives, fringe </span><span style=\"display:inherit;clear:left;\">benefits and other personnel benefits.</span><span style=\"display:inherit;clear:left;\">In the long-term Rebuild incentive plan for 1 July 2020 \u2013 30 June 2023, employee could earn a cash reward </span><span style=\"display:inherit;clear:left;\">equaling to 1\u20132 month base salary, when the targets set by the Board of Directors are met or exceeded. The </span><span style=\"display:inherit;clear:left;\">performance criteria were the same as those of the Rebuild incentive plan established for the Executive </span><span style=\"display:inherit;clear:left;\">Board, which is described in the section Share-based payments of this note. The program is available to those </span><span style=\"display:inherit;clear:left;\">employee groups which have agreed to actions related to staff cost savings.</span><span style=\"display:inherit;clear:left;\">A new long-term incentive plan (Staff Incentive Plan) for 2023\u20132025 was commenced for the personnel, </span><span style=\"display:inherit;clear:left;\">which was prepared as part of the cost-saving program in 2022. The incentive plan returns half of the one year\u2019s </span><span style=\"display:inherit;clear:left;\">permanent savings made by the personnel group, if the goal of the incentive plan set by Finnair\u2019s board of </span><span style=\"display:inherit;clear:left;\">Directors is met.</span><span style=\"display:inherit;clear:left;\">The total amount of the short-term and above-mentioned long-term incentives excluding social security costs</span><span style=\"display:inherit;clear:left;\">recognised for 2023 were 19.1 million euro (10.0). Staff and other crew related costs include one-off personnel </span><span style=\"display:inherit;clear:left;\">related restructuring costs of 2.5 million euro in the comparison period, during the reporting period these costs </span><span style=\"display:inherit;clear:left;\">did not exist.</span><span style=\"display:inherit;clear:left;\">Profit-sharing Plan (Personnel fund)</span><span style=\"display:inherit;clear:left;\">Finnair has a profit-sharing plan in which a share of Finnair\u2019s profits is allocated to the personnel. The share of </span><span style=\"display:inherit;clear:left;\">profit is determined on the basis of targets set by the Board of Directors. All Finnair employees are eligible for </span><span style=\"display:inherit;clear:left;\">the profit-sharing plan, excluding the CEO, other members of the Executive Board and the participants of the </span><span style=\"display:inherit;clear:left;\">performance share plan. The targets for the profit-sharing plan in years 2021\u20132023 were not set.</span><span style=\"display:inherit;clear:left;\">Liabilities related to employee benefits</span><span style=\"display:inherit;clear:left;\">Other employee related accrued expenses mainly include withholding tax and accrued expenses related to </span><span style=\"display:inherit;clear:left;\">social security costs and remunerations. Other non-current liabilities include the long-term Staff incentive plan of </span><span style=\"display:inherit;clear:left;\">1.5 million euro, there were no long-term liabilities in the comparison period. In addition, restructuring provisions </span><span style=\"display:inherit;clear:left;\">related to termination benefits (see note 1.3.6 Provisions) amounted to 0.2 million euro (2.3).</span><span style=\"display:inherit;clear:left;\">Management remuneration</span><span style=\"display:inherit;clear:left;\">The President and CEO and Executive Board remuneration</span><span style=\"display:inherit;clear:left;\">* Statutory pensions include Finnair\u2019s share of the payment to Finnish statutory \u201cTyel\u201d pension plan.</span><span style=\"display:inherit;clear:left;\">Management remuneration is presented on an accrual basis. Share-based payments include long-term </span><span style=\"display:inherit;clear:left;\">incentive plans and employee share savings plans and are recognised over the vesting period until the end </span><span style=\"display:inherit;clear:left;\">of the lock-up period, according to IFRS 2. Therefore the costs accrued and recognised for the financial year </span><span style=\"display:inherit;clear:left;\">include effects from several share-based payment plans independent of when the shares are delivered. </span><span style=\"display:inherit;clear:left;\">Management has not been provided any other long-term incentives in addition to share-based payments.</span><span style=\"display:inherit;clear:left;\">In conjunction with the rights offering in 2020, the EU commission set restrictions to CEO and Executive </span><span style=\"display:inherit;clear:left;\">Board remuneration covering years 2020-2022. The restrictions cover variable compensation payouts and </span><span style=\"display:inherit;clear:left;\">any changes to fixed compensation during the years 2020-2022. As a result, the Board of Directors decided </span><span style=\"display:inherit;clear:left;\">to cancel the 2018-2020, 2019-2021 and 2020-2022 LTI plans as well as the 2020-2022 STI plan for the CEO and </span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Wages and salaries<span class=\"_ _249\"> </span><span class=\"ws0\">348.6<span class=\"_ _eb\"> </span>297.3</span></span><span style=\"display:inherit;clear:left;\">Defined contribution schemes<span class=\"_ _2a9\"> </span><span class=\"ws0\">61.7<span class=\"_ _42\"> </span>55.4</span></span><span style=\"display:inherit;clear:left;\">Defined benefit schemes<span class=\"_ _2aa\"> </span><span class=\"ws0\">8.3<span class=\"_ _3a\"> </span>11.4</span></span><span style=\"display:inherit;clear:left;\">Pension expenses total<span class=\"_ _2ab\"> </span><span class=\"ws0\">70.0<span class=\"_ _10c\"> </span>66.8</span></span><span style=\"display:inherit;clear:left;\">Other social expenses<span class=\"_ _2ac\"> </span><span class=\"ws0\">16.3<span class=\"_ _41\"> </span>31.6</span></span><span style=\"display:inherit;clear:left;\">Salaries, pension and social costs<span class=\"_ _126\"> </span><span class=\"ws0\">435.0<span class=\"_ _57\"> </span>395.7</span></span><span style=\"display:inherit;clear:left;\">Operative staff related costs<span class=\"_ _216\"> </span><span class=\"ws0\">30.5<span class=\"_ _47\"> </span>27.6</span></span><span style=\"display:inherit;clear:left;\">Leased and outsourced crew<span class=\"_ _2ad\"> </span><span class=\"ws0\">26.0<span class=\"_ _102\"> </span>19.0</span></span><span style=\"display:inherit;clear:left;\">Other personnel related costs<span class=\"_ _24b\"> </span><span class=\"ws0\">6.5<span class=\"_ _2ae\"> </span>7.3</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _27b\"> </span>498.1<span class=\"_ _b5\"> </span>449.6</span><span style=\"display:inherit;clear:left;\">President </span><span style=\"display:inherit;clear:left;\">President </span><span style=\"display:inherit;clear:left;\">and CEO </span><span style=\"display:inherit;clear:left;\">Executive </span><span style=\"display:inherit;clear:left;\">and CEO </span><span style=\"display:inherit;clear:left;\">Executive </span><span style=\"display:inherit;clear:left;\">Topi Manner</span><span style=\"display:inherit;clear:left;\">Board<span class=\"_ _1f0\"> </span><span class=\"wse5\">Total 2022</span></span><span style=\"display:inherit;clear:left;\">Thousand euros</span><span style=\"display:inherit;clear:left;\">Topi Manner</span><span style=\"display:inherit;clear:left;\">Board<span class=\"_ _1f0\"> </span><span class=\"wse5\">Total 2023</span></span><span style=\"display:inherit;clear:left;\">Fixed pay<span class=\"_ _2b2\"> </span><span class=\"ws0\">771<span class=\"_ _129\"> </span>2,050<span class=\"_ _104\"> </span>2,820<span class=\"_ _3b\"> </span>734<span class=\"_ _e8\"> </span>1,712<span class=\"_ _87\"> </span>2,446</span></span><span style=\"display:inherit;clear:left;\">Short-term incentives<span class=\"_ _1dc\"> </span><span class=\"ws0\">372<span class=\"_ _124\"> </span>1,057<span class=\"_ _124\"> </span>1,428<span class=\"_ _22\"> </span>-<span class=\"_ _50\"> </span>-<span class=\"_ _f3\"> </span>-</span></span><span style=\"display:inherit;clear:left;\">Fringe benefits<span class=\"_ _142\"> </span><span class=\"ws0\">19<span class=\"_ _10c\"> </span>92<span class=\"_ _10c\"> </span>111<span class=\"_ _d2\"> </span>20<span class=\"_ _e9\"> </span>105<span class=\"_ _149\"> </span>125</span></span><span style=\"display:inherit;clear:left;\">Share-based payments<span class=\"_ _152\"> </span><span class=\"ws0\">756<span class=\"_ _189\"> </span>1,651<span class=\"_ _87\"> </span>2,407<span class=\"_ _3b\"> </span>287<span class=\"_ _f1\"> </span>789<span class=\"_ _21a\"> </span>1,076</span></span><span style=\"display:inherit;clear:left;\">Pensions (statutory)*<span class=\"_ _a8\"> </span><span class=\"ws0\">189<span class=\"_ _eb\"> </span>519<span class=\"_ _f7\"> </span>708<span class=\"_ _297\"> </span>124<span class=\"_ _f7\"> </span>298<span class=\"_ _46\"> </span>421</span></span><span style=\"display:inherit;clear:left;\">Pensions (voluntary, </span><span style=\"display:inherit;clear:left;\">defined contribution)<span class=\"_ _a2\"> </span><span class=\"ws0\">-<span class=\"_ _3c\"> </span>32<span class=\"_ _3c\"> </span>32<span class=\"_ _22\"> </span>-<span class=\"_ _10d\"> </span>20<span class=\"_ _10d\"> </span>20</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _251\"> </span>2,106<span class=\"_ _6e\"> </span>5,401<span class=\"_ _6e\"> </span>7,507<span class=\"_ _bf\"> </span>1,165<span class=\"_ _129\"> </span>2,923<span class=\"_ _6f\"> </span>4,088</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Holiday payments<span class=\"_ _2af\"> </span><span class=\"ws0\">72.4<span class=\"_ _10c\"> </span>66.8</span></span><span style=\"display:inherit;clear:left;\">Other employee related accrued expenses<span class=\"_ _2b0\"> </span><span class=\"ws0\">44.1<span class=\"_ _10c\"> </span>44.4</span></span><span style=\"display:inherit;clear:left;\">Liabilities related to employee benefits<span class=\"_ _2b1\"> </span><span class=\"ws0\">116.5<span class=\"_ _e1\"> </span>111.2</span></span><span style=\"display:inherit;clear:left;\">Executive Board. A new share-based long-term Rebuild incentive program was established for the CEO and </span><span style=\"display:inherit;clear:left;\">Executive Board for the period 7/2020-6/2023.</span><span style=\"display:inherit;clear:left;\">The voluntary pension plans of one member of the Executive Board have been arranged through a Finnish </span><span style=\"display:inherit;clear:left;\">pension insurance company. The retirement age for this member of the Executive Board is 63 years. The plan is </span><span style=\"display:inherit;clear:left;\">a defined contribution plan.</span><span style=\"display:inherit;clear:left;\">More information on share-based payment schemes can be found later in this note and in a separate </span><span style=\"display:inherit;clear:left;\">Remuneration report as well as on company website.</span><span style=\"display:inherit;clear:left;\">Remuneration paid to Board of Directors</span><span style=\"display:inherit;clear:left;\">The remuneration of the Board of Directors is presented on an accrual basis. The compensation paid to the </span><span style=\"display:inherit;clear:left;\">members of the Board of Directors include annual remuneration and meeting compensation. The members of </span><span style=\"display:inherit;clear:left;\">the Board of Directors are entitled to a compensation for travel expenses in accordance with Finnair\u2019s general </span><span style=\"display:inherit;clear:left;\">travel rules. In addition, the members of the Board of Directors and their spouses have a limited right to use staff </span><span style=\"display:inherit;clear:left;\">tickets in accordance with Finnair\u2019s staff ticket rules. These tickets constitute taxable income in Finland and are </span><span style=\"display:inherit;clear:left;\">reported as fringe benefits in the table above.</span><span style=\"display:inherit;clear:left;\">Share-based payments</span><span style=\"display:inherit;clear:left;\">This note provides description and information on effects of the Group\u2019s share-based incentive schemes. More </span><span style=\"display:inherit;clear:left;\">information on share-based personnel bonus schemes can be found in Remuneration report.</span><span style=\"display:inherit;clear:left;\">Performance share plan (LTI)</span><span style=\"display:inherit;clear:left;\">Finnair\u2019s share-based incentive plan is a performance-based, annually commencing long-term incentive (LTI) </span><span style=\"display:inherit;clear:left;\">arrangement, and the commencement of each new plan is subject to a separate decision made by Finnair\u2019s </span><span style=\"display:inherit;clear:left;\">Board of Directors. The purpose of these plans is to encourage the management to work to increase long-term </span><span style=\"display:inherit;clear:left;\">shareholder value. The Finnish Government\u2019s guidance regarding the remuneration of executive management </span><span style=\"display:inherit;clear:left;\">and key individuals have been taken into consideration when designing the plans.</span><span style=\"display:inherit;clear:left;\">All ongoing LTI plans include three years earning period. The potential reward will be delivered in Finnair </span><span style=\"display:inherit;clear:left;\">shares. The shares are delivered to the participants during the year following the performance period, except </span><span style=\"display:inherit;clear:left;\">for the Rebuild incentive where the performance period ended in June 2023 and the share of year 2023 reward </span><span style=\"display:inherit;clear:left;\">was delivered at the end of the same year.</span><span style=\"display:inherit;clear:left;\">The members of Finnair\u2019s Executive Board are expected to accumulate their share ownership in Finnair until </span><span style=\"display:inherit;clear:left;\">it corresponds to their annual gross base salary and thereafter retain it for as long as they are members of the </span><span style=\"display:inherit;clear:left;\">Executive Board.</span><span style=\"display:inherit;clear:left;\">The target levels and maximum levels set for the criteria are based on the long-term strategic objectives set </span><span style=\"display:inherit;clear:left;\">by the company\u2019s Board of Directors. Criteria are monitored against the performance on a quarterly basis. The </span><span style=\"display:inherit;clear:left;\">performance criteria of the plan for 2020\u20132022 were not reached. In the comparison period, the performance </span><span style=\"display:inherit;clear:left;\">criteria applied to the 2019\u20132021 plan was met at 54% level while the target was at 100% and the maximum </span><span style=\"display:inherit;clear:left;\">earning level at 200%.</span><span style=\"display:inherit;clear:left;\">The expense recognised for 2023 amounted to 3.8 million euros (0.9). The amount expected to be transferred </span><span style=\"display:inherit;clear:left;\">to the tax authority to settle the employee\u2019s tax obligation is 3.4 million euros (3.0). The cost related to share-</span><span style=\"display:inherit;clear:left;\">based payments is recognised in staff and other crew related costs and unrestricted equity funds, except the </span><span style=\"display:inherit;clear:left;\">cash-settled portion of the Rebuild incentive plan in liabilities related to employee benefits.</span><span style=\"display:inherit;clear:left;\">Rebuild incentive plan 7/2020-6/2023</span><span style=\"display:inherit;clear:left;\">In 2020, a new share-based Rebuild incentive plan for CEO and Executive Board was launched. The program </span><span style=\"display:inherit;clear:left;\">contains a three-year performance period (7/2020\u20136/2023) and it is designed to contain only this one plan. The </span><span style=\"display:inherit;clear:left;\">potential share rewards will be delivered to the participants in a pre-determined proportion of shares and cash </span><span style=\"display:inherit;clear:left;\">after the end of the performance period and the rewards are at the participants\u2019 free disposal after delivery.</span><span style=\"display:inherit;clear:left;\">If the combined value of incentive rewards in 2023 exceeds 120% of executive\u2019s annual salary, the exceeding </span><span style=\"display:inherit;clear:left;\">part is deferred to coming years so that the combined incentive payout in any year does not exceed 120% of </span><span style=\"display:inherit;clear:left;\">the annual base salary. The total expense for the plan is recognised over the vesting period between the grant </span><span style=\"display:inherit;clear:left;\">date and each tranche of share deliveries. The grant date is at the beginning of performance period and the </span><span style=\"display:inherit;clear:left;\">compensation is measured in shares.</span><span style=\"display:inherit;clear:left;\">The payout opportunity of the Rebuild plan was defined in the beginning of each plan in relation to the </span><span style=\"display:inherit;clear:left;\">participants annual base salary. If the performance criteria set for the plan would have been met at the </span><span style=\"display:inherit;clear:left;\">target level, the incentive paid in Finnair shares to the President and CEO or other member of the Executive </span><span style=\"display:inherit;clear:left;\">Board participating in the plans would have been a total of 180% of the participant\u2019s annual base salary. If the </span><span style=\"display:inherit;clear:left;\">performance criteria set for the plan would have been at the maximum level, the incentive paid in Finnair shares </span><span style=\"display:inherit;clear:left;\">will be a total of 360% of the participant\u2019s annual base salary. The performance criteria of the plan were met at </span><span style=\"display:inherit;clear:left;\">69.5% of the maximum level.</span><span style=\"display:inherit;clear:left;\">The amount corresponding to tax payable at the time of payment was first deducted from the gross reward </span><span style=\"display:inherit;clear:left;\">defined as shares. The net reward was delivered in a combination of cash and shares in a proportion decided </span><span style=\"display:inherit;clear:left;\">by the Board of Directors. As a result of the rights issue in 2023 prior to the share delivery, the share allocation for </span><span style=\"display:inherit;clear:left;\">Compensation paid </span><span style=\"display:inherit;clear:left;\">Fixed </span><span style=\"display:inherit;clear:left;\">Meeting </span><span style=\"display:inherit;clear:left;\">Fringe <span class=\"_ _8\"></span> </span><span style=\"display:inherit;clear:left;\">for board service, EUR<span class=\"_ _2b3\"> </span>Total 2023</span><span style=\"display:inherit;clear:left;\">remuneration</span><span style=\"display:inherit;clear:left;\">compensation</span><span style=\"display:inherit;clear:left;\">benefits <span class=\"_ _270\"> </span><span class=\"wse5\">Total 2022</span></span><span style=\"display:inherit;clear:left;\">Board of Directors<span class=\"_ _259\"> </span><span class=\"ws0\">445,830<span class=\"_ _58\"> </span>282,300<span class=\"_ _232\"> </span>156,600<span class=\"_ _39\"> </span>6,930<span class=\"_ _fa\"> </span>416,222</span></span><span style=\"display:inherit;clear:left;\">Alahuhta-Kasko Tiina<span class=\"_ _25b\"> </span><span class=\"ws0\">45,300<span class=\"_ _3c\"> </span>30,300<span class=\"_ _30\"> </span>15,000<span class=\"_ _43\"> </span>-</span></span><span style=\"display:inherit;clear:left;\">Brewer Montie<span class=\"_ _262\"> </span><span class=\"ws0\">56,834<span class=\"_ _102\"> </span>32,700<span class=\"_ _42\"> </span>22,800<span class=\"_ _282\"> </span>1,334</span></span><span style=\"display:inherit;clear:left;\">Erlund Jukka<span class=\"_ _194\"> </span><span class=\"ws0\">47,100<span class=\"_ _102\"> </span>32,700<span class=\"_ _30\"> </span>12,000<span class=\"_ _fc\"> </span>2,400</span></span><span style=\"display:inherit;clear:left;\">Jakosuo-Jansson Hannele<span class=\"_ _59\"> </span><span class=\"ws0\">50,896<span class=\"_ _102\"> </span>32,700<span class=\"_ _30\"> </span>15,000<span class=\"_ _42\"> </span>3,196</span></span><span style=\"display:inherit;clear:left;\">Karvinen Jouko, until 23 </span><span style=\"display:inherit;clear:left;\">March 2023<span class=\"_ _119\"> </span><span class=\"ws0\">21,150<span class=\"_ _3a\"> </span>15,750<span class=\"_ _51\"> </span>5,400<span class=\"_ _43\"> </span>-</span></span><span style=\"display:inherit;clear:left;\">Kjellberg Henrik<span class=\"_ _2b4\"> </span><span class=\"ws0\">53,100<span class=\"_ _3c\"> </span>30,300<span class=\"_ _47\"> </span>22,800<span class=\"_ _43\"> </span>-</span></span><span style=\"display:inherit;clear:left;\">Large Simon<span class=\"_ _191\"> </span><span class=\"ws0\">53,100<span class=\"_ _3c\"> </span>30,300<span class=\"_ _47\"> </span>22,800<span class=\"_ _43\"> </span>-</span></span><span style=\"display:inherit;clear:left;\">Pajumaa Minna, from 24 </span><span style=\"display:inherit;clear:left;\">March 2023 onwards<span class=\"_ _5b\"> </span><span class=\"ws0\">34,725<span class=\"_ _3b\"> </span>22,725<span class=\"_ _30\"> </span>12,000<span class=\"_ _43\"> </span>-</span></span><span style=\"display:inherit;clear:left;\">Strandberg Maija, until 23 </span><span style=\"display:inherit;clear:left;\">March 2023<span class=\"_ _e2\"> </span><span class=\"ws0\">11,175<span class=\"_ _109\"> </span>7,575<span class=\"_ _5e\"> </span>3,600<span class=\"_ _43\"> </span>-</span></span><span style=\"display:inherit;clear:left;\">Suvanto-Harsaae Sanna, </span><span style=\"display:inherit;clear:left;\">from 24 March 2023 </span><span style=\"display:inherit;clear:left;\">onwards<span class=\"_ _2b5\"> </span>72,450<span class=\"_ _30\"> </span>47,250<span class=\"_ _47\"> </span>25,200<span class=\"_ _43\"> </span>-</span><span style=\"display:inherit;clear:left;\">the Rebuild plan was adjusted in accordance with the decision of the Board of Directors in order for the earning </span><span style=\"display:inherit;clear:left;\">opportunities to retain their value.</span><span style=\"display:inherit;clear:left;\">The performance criteria were set for the whole 3-year period as well as for three 12-month mid-term periods:</span><span style=\"display:inherit;clear:left;\">7/2020\u20136/2021: comparable EBITDA (40% weight), gearing (40% weight), lost-time injury frequency (10% </span><span style=\"display:inherit;clear:left;\">weight) and CO</span><span style=\"display:inherit;clear:left;\"> emissions measured through fuel efficiency (10% weight),</span><span style=\"display:inherit;clear:left;\">2</span><span style=\"display:inherit;clear:left;\">7/2021\u20136/2022: comparable EBIT (60% weight), revenue (20% weight), employee retention (10% weight) and </span><span style=\"display:inherit;clear:left;\">CO</span><span style=\"display:inherit;clear:left;\"> emissions measured through fuel efficiency (10% weight) as well as</span><span style=\"display:inherit;clear:left;\">2</span><span style=\"display:inherit;clear:left;\">7/2022\u20136/2023: comparable EBITDA (40% weight), net promoter score (NPS, 40% weight), lost-time injury </span><span style=\"display:inherit;clear:left;\">frequency (10% weight) and employee retention (10% weight).</span><span style=\"display:inherit;clear:left;\">The criteria for the whole 3-year period, was cash flow from operating activities which functioned as a multiplier </span><span style=\"display:inherit;clear:left;\">(0-2) for the whole program. This meaned that the threshold level needed to be reached in order for any reward to </span><span style=\"display:inherit;clear:left;\">be paid.</span><span style=\"display:inherit;clear:left;\">Other long-term incentive plans</span><span style=\"display:inherit;clear:left;\">There are two long-term incentive plans ongoing (2021\u20132023 and 2023\u20132025 with two performance periods </span><span style=\"display:inherit;clear:left;\">2023\u20132024 and 2023\u20132025). In 2022, no new long-term incentive plan was launched due to continuous business </span><span style=\"display:inherit;clear:left;\">environment changes caused by the war in Ukraine.</span><span style=\"display:inherit;clear:left;\">The annually commencing performance share plans retain the three-year performance period, the </span><span style=\"display:inherit;clear:left;\">exception is the two-year performance period of the 2023-2025 plan. The potential share rewards will be </span><span style=\"display:inherit;clear:left;\">delivered to the participants in one tranche after the performance period and they are at the participants\u2019 free </span><span style=\"display:inherit;clear:left;\">disposal after delivery.</span><span style=\"display:inherit;clear:left;\">The pay-out opportunity is defined as a fixed share amount in the beginning of each plan in relation to the </span><span style=\"display:inherit;clear:left;\">participants annual base salary. Therefore, changes in the share price during the performance period impacts </span><span style=\"display:inherit;clear:left;\">the value of the pay-out opportunity. If the performance criteria set for the plan are met at the target level, the </span><span style=\"display:inherit;clear:left;\">incentive paid in Finnair shares to the President and CEO or other member of the Executive Board participating </span><span style=\"display:inherit;clear:left;\">in the plans will be 20% of the participant\u2019s annual base salary. If the performance criteria set for the plan are </span><span style=\"display:inherit;clear:left;\">met at the maximum level, the incentive paid in Finnair shares will be 60% of the participant\u2019s annual base salary.</span><span style=\"display:inherit;clear:left;\">The maximum level for incentives for other key personnel is 20\u201350% of the person\u2019s annual base salary. As a </span><span style=\"display:inherit;clear:left;\">result of the rights issue in 2023, the share allocations for the ongoing 2021\u20132023 and 2023\u20132025 plans were </span><span style=\"display:inherit;clear:left;\">adjusted 6.32-fold in order for the earning opportunities to retain their value.</span><span style=\"display:inherit;clear:left;\">The maximum combined value of all variable compensation (including both short- and long-term incentives) </span><span style=\"display:inherit;clear:left;\">paid to an individual participant in any given calendar year may not exceed 120% of the participant\u2019s annual </span><span style=\"display:inherit;clear:left;\">gross base salary. The amounts of shares paid are stated before tax. The number of shares delivered will be </span><span style=\"display:inherit;clear:left;\">deducted by an amount corresponding to the income tax payable for the incentive at the time of payment. </span><span style=\"display:inherit;clear:left;\">In conjunction with the rights offering in 2020, according to the restrictions set by EU commission, the Board of </span><span style=\"display:inherit;clear:left;\">Directors decided to cancel the 2018\u20132020, 2019\u20132021 and 2020\u20132022 LTI plans for the CEO and Executive </span><span style=\"display:inherit;clear:left;\">Board.</span><span style=\"display:inherit;clear:left;\">The performance criteria applied to the plans are:</span><span style=\"display:inherit;clear:left;\">2020\u20132022 plan: earnings per share (EPS, 50% weight) and unit cost with constant currencies and fuel price </span><span style=\"display:inherit;clear:left;\">(CASK, 50% weight),</span><span style=\"display:inherit;clear:left;\">2021\u20132023 plan: earnings per share (EPS, 45% weight), unit cost with constant currencies and fuel price (CASK, </span><span style=\"display:inherit;clear:left;\">45% weight) and fuel efficiency (10% weight) as well as</span><span style=\"display:inherit;clear:left;\">2023\u20132025 plan: operating result.</span><span style=\"display:inherit;clear:left;\">The total expense for the plans is recognised over the vesting period, which is three years. The grant date is at </span><span style=\"display:inherit;clear:left;\">the beginning of performance period and the compensation is measured in shares.</span><span style=\"display:inherit;clear:left;\"> * Grant price in the plan 2020-2022 has been adjusted by the bonus elements included in the rights issues in 2020 and 2023, and </span><span style=\"display:inherit;clear:left;\">the other plans have been adjusted by a bonus element included in the rights issue in 2023.</span><span style=\"display:inherit;clear:left;\">** As a result of the rights issue in 2023, the share allocations for the 2020\u20132023 Rebuild, 2021\u20132023 and 2023\u20132025 plans were </span><span style=\"display:inherit;clear:left;\">adjusted based on the decision of the Board of Directors in order for the earning opportunities to retain their value. The 2020\u2013</span><span style=\"display:inherit;clear:left;\">2022 and 2021\u20132023 plans were cancelled for the CEO and Executive Board.</span><span style=\"display:inherit;clear:left;\">FlyShare employee share savings plan</span><span style=\"display:inherit;clear:left;\">The saving period of the last plan of the share savings plans offered for Finnair\u2019s employees is ongoing. In 2022, </span><span style=\"display:inherit;clear:left;\">Finnair\u2019s Board of Directors decided to terminate commencing the new FlyShare programs as a part of savings </span><span style=\"display:inherit;clear:left;\">program.</span><span style=\"display:inherit;clear:left;\">Plan consisted of one year savings period followed by two year lock-up period. Through the plan, each </span><span style=\"display:inherit;clear:left;\">eligible Finnair employee was offered the opportunity to save part of his or her salary to be invested in Finnair </span><span style=\"display:inherit;clear:left;\">shares. The maximum monthly savings were 8% and the minimum 2% of each participant\u2019s gross base salary per</span><span style=\"display:inherit;clear:left;\">month. Shares were purchased with the accumulated savings at the market price quarterly, after the release of </span><span style=\"display:inherit;clear:left;\">Finnair\u2019s interim reports.</span><span style=\"display:inherit;clear:left;\">The plan lasts for three years, and Finnair awards each participating employee with one share for each two </span><span style=\"display:inherit;clear:left;\">shares purchased and held at the end of three-year period. The awarded bonus and additional shares are </span><span style=\"display:inherit;clear:left;\">taxable income for the recipient. The number of shares delivered will be deducted by an amount corresponding</span><span style=\"display:inherit;clear:left;\">to the income tax payable for the shares at the time of payment. The cost related to additional shares delivered </span><span style=\"display:inherit;clear:left;\">is recognised as expense during vesting period.</span><span style=\"display:inherit;clear:left;\">The expense recognised for FlyShare employee share saving plans in 2023 amounted to 0.7 million euros </span><span style=\"display:inherit;clear:left;\">(0.9). The amount expected to be transferred to the tax authority to settle the employee\u2019s tax obligation is 0.3 </span><span style=\"display:inherit;clear:left;\">million euros (0.9). The cost related to employee share saving plans is recognised in staff and other crew related </span><span style=\"display:inherit;clear:left;\">costs and unrestricted equity funds.</span><span style=\"display:inherit;clear:left;\">Rebuild <span class=\"_ _8\"></span> </span><span style=\"display:inherit;clear:left;\">2020\u20132022</span><span style=\"display:inherit;clear:left;\">2020\u20132023<span class=\"_ _128\"> </span>2021\u20132023<span class=\"_ _13c\"> </span>2023\u20132025<span class=\"_ _39\"> </span>Total</span><span style=\"display:inherit;clear:left;\">Grant date<span class=\"_ _191\"> </span>7 Feb 2020<span class=\"_ _67\"> </span>9 Oct 2020<span class=\"_ _2b3\"> </span>26 Jan 2021<span class=\"_ _6c\"> </span>23 Jan 2023</span><span style=\"display:inherit;clear:left;\">Grant price, euros*<span class=\"_ _164\"> </span><span class=\"ws0\">0.1759<span class=\"_ _b5\"> </span>0.0663<span class=\"_ _232\"> </span>0.1049<span class=\"_ _b5\"> </span>0.0856</span></span><span style=\"display:inherit;clear:left;\">Number of persons at the </span><span style=\"display:inherit;clear:left;\">end of the reporting year<span class=\"_ _150\"> </span><span class=\"ws0\">-<span class=\"_ _8f\"> </span>6<span class=\"_ _4f\"> </span>52<span class=\"_ _2b9\"> </span>66</span></span><span style=\"display:inherit;clear:left;\">Expenses recognised for </span><span style=\"display:inherit;clear:left;\">the financial year, LTI\u2019s total </span><span style=\"display:inherit;clear:left;\">(million euros)<span class=\"_ _2ba\"> </span><span class=\"ws0\">-<span class=\"_ _91\"> </span>1.8<span class=\"_ _31\"> </span>-<span class=\"_ _24e\"> </span>2.0<span class=\"_ _2bb\"> </span>3.8</span></span><span style=\"display:inherit;clear:left;\">of which share-settled </span><span style=\"display:inherit;clear:left;\">(net of taxes)<span class=\"_ _2bc\"> </span><span class=\"ws0\">-<span class=\"_ _152\"> </span>0.8<span class=\"_ _44\"> </span>-<span class=\"_ _24e\"> </span>2.0<span class=\"_ _2bb\"> </span>2.9</span></span><span style=\"display:inherit;clear:left;\">of which cash-settled<span class=\"_ _2b4\"> </span><span class=\"ws0\">-<span class=\"_ _25\"> </span>0.9<span class=\"_ _44\"> </span>-<span class=\"_ _44\"> </span>-<span class=\"_ _152\"> </span>0.9</span></span><span style=\"display:inherit;clear:left;\">Liability related to LTI\u2019s total<span class=\"_ _256\"> </span><span class=\"ws0\">-<span class=\"_ _25\"> </span>0.5<span class=\"_ _31\"> </span>-<span class=\"_ _44\"> </span>-<span class=\"_ _24e\"> </span>0.5</span></span><span style=\"display:inherit;clear:left;\">Shares granted, million </span><span style=\"display:inherit;clear:left;\">shares<span class=\"_ _2bd\"> </span>-<span class=\"_ _295\"> </span>66.5<span class=\"_ _56\"> </span>38.5<span class=\"_ _182\"> </span>96.6<span class=\"_ _2be\"> </span>201.6</span><span style=\"display:inherit;clear:left;\">1.3.8.2 Pensions</span><span style=\"display:inherit;clear:left;\">  Defined benefit and defined contribution plans</span><span style=\"display:inherit;clear:left;\">Pension plans are classified as defined benefit and defined contribution plans. Payments made into defined </span><span style=\"display:inherit;clear:left;\">contribution pension plans are recognised in the income statement in the period to which the payment applies. </span><span style=\"display:inherit;clear:left;\">Typically defined benefit plans define an amount of pension benefit that an employee will receive on retirement, </span><span style=\"display:inherit;clear:left;\">usually dependent on one or more factors such as age, years of service and compensation. Current service cost is the </span><span style=\"display:inherit;clear:left;\">present value of the post employment benefit, which is earned by the employees during the year and it is recognised </span><span style=\"display:inherit;clear:left;\">as staff and other crew related costs. The liability recognised in the balance sheet in respect of defined pension plans </span><span style=\"display:inherit;clear:left;\">is the present value of the defined benefit obligation at the end of the reporting period less the fair value of plan </span><span style=\"display:inherit;clear:left;\">assets. The defined benefit obligation is calculated annually by independent actuaries using the projected unit credit </span><span style=\"display:inherit;clear:left;\">method. The present value of the defined benefit obligations is determined by discounting the estimated future cash </span><span style=\"display:inherit;clear:left;\">flows using interest rates of high-quality corporate bonds that are denominated in the currency in which the benefits </span><span style=\"display:inherit;clear:left;\">will be paid, and that have terms to maturity approximating to the terms of the related pension obligation. Actuarial </span><span style=\"display:inherit;clear:left;\">gains and losses arising from experience adjustments and changes in actuarial assumptions are charged or credited </span><span style=\"display:inherit;clear:left;\">to equity in other comprehensive income in the period in which they arise. If fair value of plan assets is higher than </span><span style=\"display:inherit;clear:left;\">present value of funded obligations, the net amount is presented as pension assets in the Group\u2019s balance sheet.  </span><span style=\"display:inherit;clear:left;\">  Pension obligations</span><span style=\"display:inherit;clear:left;\">The present value of the pension obligations depends on a number of factors that are determined on an actuarial </span><span style=\"display:inherit;clear:left;\">basis using a number of assumptions. Any changes in these assumptions will impact the carrying amount of pension </span><span style=\"display:inherit;clear:left;\">obligations. The note below includes a description of exposure to most significant risks and a sensitivity analysis on </span><span style=\"display:inherit;clear:left;\">impacts of changes in actuarial assumptions.  </span><span style=\"display:inherit;clear:left;\">Description of pension plans at Finnair</span><span style=\"display:inherit;clear:left;\">The statutory pension cover of the employees of the Group\u2019s Finnish companies has been arranged in a Finnish </span><span style=\"display:inherit;clear:left;\">pension insurance company. The statutory pension cover is a defined contribution plan. The Group\u2019s foreign </span><span style=\"display:inherit;clear:left;\">sales offices and subsidiaries have various defined contribution plans that comply with local rules and practices.</span><span style=\"display:inherit;clear:left;\">CEO has no supplementary pension plan. The supplementary defined contribution pension plan of one member</span><span style=\"display:inherit;clear:left;\">of the Executive Board is arranged in a pension insurance company. The retirement age for this member is 63 </span><span style=\"display:inherit;clear:left;\">years.</span><span style=\"display:inherit;clear:left;\">Other supplementary pension cover of the Group\u2019s domestic companies has been arranged mainly in the </span><span style=\"display:inherit;clear:left;\">Finnair Pension Fund, in which the pension schemes are defined benefit plans. These pension plans cover old </span><span style=\"display:inherit;clear:left;\">age supplementary pensions and disability pensions exceeding the pension cover under the Employment </span><span style=\"display:inherit;clear:left;\">Pensions Act. The survivors\u2019 pensions under the supplementary pension cover applies on a limited basis to </span><span style=\"display:inherit;clear:left;\">pensioners who have retired on 1 January 2005 at the latest, as well as to recipients of benefits previously in </span><span style=\"display:inherit;clear:left;\">accordance with Finnair Plc\u2019s survivor\u2019s pension rules who transferred to the pension fund on 31 December 2015. </span><span style=\"display:inherit;clear:left;\">The Pension Fund\u2019s old age pension scheme has been closed to other employees since 1 February 1992 and </span><span style=\"display:inherit;clear:left;\">to pilots since 1 January 2010. Pilots recruited between 1 January 2010 to 31 May 2021 , have only been covered </span><span style=\"display:inherit;clear:left;\">by the limited occupational disability pension scheme if they are not switched to another work offered by the </span><span style=\"display:inherit;clear:left;\">employer. The pension fund as a whole has been closed on 31 May 2021.</span><span style=\"display:inherit;clear:left;\">Old age pensions of pilots recruited in 2015 or later are defined contribution schemes arranged in a life </span><span style=\"display:inherit;clear:left;\">insurance company. Supplementary pension cover has also vested pension right on a limited basis and </span><span style=\"display:inherit;clear:left;\">the retirement age of the pension fund\u2019s vested pension is tied to a change in the retirement age under the </span><span style=\"display:inherit;clear:left;\">Employment Pensions Act that came into force in 2017 or an event under disability pension cover under the </span><span style=\"display:inherit;clear:left;\">Employment Pensions Act. Beginning from 2021, the earnings or supplementary pensions payable on which </span><span style=\"display:inherit;clear:left;\">the pension fund\u2019s defined benefit supplementary pension cover is based are not adjusted by the pension </span><span style=\"display:inherit;clear:left;\">index increment. The supplementary pension liability of the pension fund is fully covered in accordance with </span><span style=\"display:inherit;clear:left;\">Finnish legislation. In addition, approximately 500 Finnair pilots have the right to a separate defined contribution </span><span style=\"display:inherit;clear:left;\">supplementary pension arranged in a life insurance company after reaching the age of 55 years in addition to </span><span style=\"display:inherit;clear:left;\">the pension fund\u2019s defined benefit old age pension cover, if the pilot continues to work as pilot over the age of 55 </span><span style=\"display:inherit;clear:left;\">years and retires from his/her job.</span><span style=\"display:inherit;clear:left;\">Exposure to most significant risks</span><span style=\"display:inherit;clear:left;\">Volatility of plan assets: Some of the plan assets are invested in equities which causes volatility but are in the long</span><span style=\"display:inherit;clear:left;\">run expected to provide higher returns than corporate bonds. The discount rate of plan obligations is defined </span><span style=\"display:inherit;clear:left;\">based on the interest rates of corporate bonds.</span><span style=\"display:inherit;clear:left;\">Changes in bond yield: A decrease in corporate bond yields increases plan obligations due to the fact that </span><span style=\"display:inherit;clear:left;\">the pension obligation is discounted to net present value with a rate that is based on corporate bond rates. This </span><span style=\"display:inherit;clear:left;\">increase in plan obligations is partially mitigated by a corresponding increase in the value of corporate bonds in </span><span style=\"display:inherit;clear:left;\">plan assets.</span><span style=\"display:inherit;clear:left;\">Life expectancy: The most significant part of the provided pension benefits relate to old age pensions. </span><span style=\"display:inherit;clear:left;\">Therefore, an increase in the life expectancy rate results in an increase of plan obligations.</span><span style=\"display:inherit;clear:left;\">Defined benefit pension plans</span><span style=\"display:inherit;clear:left;\">Items recognised in the balance sheet</span><span style=\"display:inherit;clear:left;\">Pension assets 128.0 million euro (120.0) includes 127.9 million euro (119.7) related to defined benefit plans insured </span><span style=\"display:inherit;clear:left;\">through the pension fund and 0.1 million euro (0.4) related to other defined benefit plans. Pension obligations </span><span style=\"display:inherit;clear:left;\">includes 0.8 million euro (0.7) related to other defined benefit plans. The change during 2023 mainly is due to </span><span style=\"display:inherit;clear:left;\">change in discounting rate to 3.01% (3.69%), net return on plan assets and exprerience adjustments.</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2bf\"> </span><span class=\"ws0\">2023<span class=\"_ _58\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Items recognised in the income statement</span><span style=\"display:inherit;clear:left;\">Current service costs<span class=\"_ _2c0\"> </span><span class=\"ws0\">3.8<span class=\"_ _51\"> </span>6.2</span></span><span style=\"display:inherit;clear:left;\">Past service cost<span class=\"_ _2c1\"> </span><span class=\"ws0\">4.4<span class=\"_ _5e\"> </span>5.3</span></span><span style=\"display:inherit;clear:left;\">Settlements and curtailments<span class=\"_ _2c2\"> </span><span class=\"ws0\">-<span class=\"_ _2c3\"> </span>-0.1</span></span><span style=\"display:inherit;clear:left;\">Service cost total, recognised in staff costs<span class=\"_ _2b0\"> </span><span class=\"ws0\">8.3<span class=\"_ _41\"> </span>11.4</span></span><span style=\"display:inherit;clear:left;\">Net interest expenses and foreign exchange differences<span class=\"_ _2c4\"> </span><span class=\"ws0\">-4.4<span class=\"_ _102\"> </span>-0.6</span></span><span style=\"display:inherit;clear:left;\">Total included in the income statement<span class=\"_ _2c5\"> </span><span class=\"ws0\">3.8<span class=\"_ _42\"> </span>10.8</span></span><span style=\"display:inherit;clear:left;\">Amounts recognised through other comprehensive income</span><span style=\"display:inherit;clear:left;\">Experience adjustment on plan obligation<span class=\"_ _2c6\"> </span><span class=\"ws0\">-5.7<span class=\"_ _d2\"> </span>1.5</span></span><span style=\"display:inherit;clear:left;\">Changes in financial actuarial assumptions<span class=\"_ _205\"> </span><span class=\"ws0\">15.2<span class=\"_ _149\"> </span>-86.4</span></span><span style=\"display:inherit;clear:left;\">Net return on plan assets<span class=\"_ _2c7\"> </span><span class=\"ws0\">-21.1<span class=\"_ _3c\"> </span>34.9</span></span><span style=\"display:inherit;clear:left;\">Amounts recognised through other comprehensive income total<span class=\"_ _20c\"> </span><span class=\"ws0\">-11.6<span class=\"_ _c1\"> </span>-49.9</span></span><span style=\"display:inherit;clear:left;\">Number of persons involved, pension fund<span class=\"_ _2c8\"> </span><span class=\"ws0\">3,893<span class=\"_ _232\"> </span>4,258</span></span><span style=\"display:inherit;clear:left;\">Number of persons involved, other defined benefit plans<span class=\"_ _1af\"> </span><span class=\"ws0\">51<span class=\"_ _d2\"> </span>53</span></span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _24\"> </span><span class=\"ws0\">2023<span class=\"_ _159\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Pension </span><span style=\"display:inherit;clear:left;\">Pension </span><span style=\"display:inherit;clear:left;\">Pension </span><span style=\"display:inherit;clear:left;\">Pension </span><span style=\"display:inherit;clear:left;\">assets</span><span style=\"display:inherit;clear:left;\">obligations</span><span style=\"display:inherit;clear:left;\">assets</span><span style=\"display:inherit;clear:left;\">obligations</span><span style=\"display:inherit;clear:left;\">Present value of funded obligations<span class=\"_ _2c9\"> </span><span class=\"ws0\">-260.6<span class=\"_ _fa\"> </span>-5.9<span class=\"_ _dc\"> </span>-263.2<span class=\"_ _226\"> </span>-1.1</span></span><span style=\"display:inherit;clear:left;\">Fair value of plan assets<span class=\"_ _1a0\"> </span><span class=\"ws0\">388.5<span class=\"_ _22a\"> </span>5.1<span class=\"_ _155\"> </span>383.3<span class=\"_ _189\"> </span>0.5</span></span><span style=\"display:inherit;clear:left;\">Pension assets (+) / pension obligations (-) in the balance </span><span style=\"display:inherit;clear:left;\">sheet<span class=\"_ _2ad\"> </span>128.0<span class=\"_ _129\"> </span>-0.8<span class=\"_ _65\"> </span>120.0<span class=\"_ _87\"> </span>-0.7</span><span style=\"display:inherit;clear:left;\">Changes in pension obligations</span><span style=\"display:inherit;clear:left;\">Changes in plan assets</span><span style=\"display:inherit;clear:left;\">Plan assets are comprised as follows</span><span style=\"display:inherit;clear:left;\">Plan assets of the pension fund include Finnair Plc shares with a fair value of 0.9 million euros (0.6) and buildings </span><span style=\"display:inherit;clear:left;\">used by the Group with a fair value of 22.0 million euros (13.0).</span><span style=\"display:inherit;clear:left;\">Defined benefit plans: principal actuarial assumptions</span><span style=\"display:inherit;clear:left;\">Sensitivity analysis</span><span style=\"display:inherit;clear:left;\">The sensitivity analysis describes the effect of a change in actuarial assumptions on the net defined benefit </span><span style=\"display:inherit;clear:left;\">obligation. The analyses are based on the change in the assumption while holding all other assumptions </span><span style=\"display:inherit;clear:left;\">constant. The method used is the same as that which has been applied when measuring the defined benefit </span><span style=\"display:inherit;clear:left;\">obligation recognised in the balance sheet.</span><span style=\"display:inherit;clear:left;\">Sensitivity analysis on principal actuarial assumptions</span><span style=\"display:inherit;clear:left;\">According to Finnish legislation, the pension fund needs to be fully funded. Finnair does not expect to pay </span><span style=\"display:inherit;clear:left;\">contributions to the pension fund in 2024. The duration of defined benefit obligation is 8 years. The duration is </span><span style=\"display:inherit;clear:left;\">calculated by using a discount rate of 3.01%.</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Fair value of pension obligations at 1 January<span class=\"_ _2ca\"> </span><span class=\"ws0\">264.4<span class=\"_ _39\"> </span>361.2</span></span><span style=\"display:inherit;clear:left;\">Current service costs<span class=\"_ _1c6\"> </span><span class=\"ws0\">3.3<span class=\"_ _107\"> </span>5.7</span></span><span style=\"display:inherit;clear:left;\">Past service cost<span class=\"_ _2af\"> </span><span class=\"ws0\">4.4<span class=\"_ _5e\"> </span>5.3</span></span><span style=\"display:inherit;clear:left;\">Settlements and curtailments<span class=\"_ _2cb\"> </span><span class=\"ws0\">-<span class=\"_ _30\"> </span>-0.5</span></span><span style=\"display:inherit;clear:left;\">Interest expenses and foreign exchange differences<span class=\"_ _1af\"> </span><span class=\"ws0\">9.4<span class=\"_ _2cc\"> </span>2.3</span></span><span style=\"display:inherit;clear:left;\">Expense recognised in income statement<span class=\"_ _221\"> </span><span class=\"ws0\">17.2<span class=\"_ _282\"> </span>12.8</span></span><span style=\"display:inherit;clear:left;\">Changes in actuarial assumptions<span class=\"_ _126\"> </span><span class=\"ws0\">15.2<span class=\"_ _5a\"> </span>-86.4</span></span><span style=\"display:inherit;clear:left;\">Experience adjustment on plan obligation<span class=\"_ _45\"> </span><span class=\"ws0\">-5.7<span class=\"_ _d2\"> </span>1.5</span></span><span style=\"display:inherit;clear:left;\">Remeasurements recognised through OCI<span class=\"_ _2b0\"> </span><span class=\"ws0\">9.5<span class=\"_ _232\"> </span>-84.9</span></span><span style=\"display:inherit;clear:left;\">Benefits paid<span class=\"_ _1b8\"> </span><span class=\"ws0\">-24.6<span class=\"_ _bf\"> </span>-24.8</span></span><span style=\"display:inherit;clear:left;\">Net present value of pension obligations<span class=\"_ _2cd\"> </span><span class=\"ws0\">266.5<span class=\"_ _b5\"> </span>264.4</span></span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Fair value of plan assets at 1 January<span class=\"_ _2ce\"> </span><span class=\"ws0\">383.7<span class=\"_ _149\"> </span>441.4</span></span><span style=\"display:inherit;clear:left;\">Administration expenses<span class=\"_ _237\"> </span><span class=\"ws0\">-0.5<span class=\"_ _30\"> </span>-0.5</span></span><span style=\"display:inherit;clear:left;\">Settlements and curtailments<span class=\"_ _2cb\"> </span><span class=\"ws0\">-<span class=\"_ _30\"> </span>-0.4</span></span><span style=\"display:inherit;clear:left;\">Interest income and foreign exchange differences<span class=\"_ _268\"> </span><span class=\"ws0\">13.8<span class=\"_ _51\"> </span>2.9</span></span><span style=\"display:inherit;clear:left;\">Items recognised through profit and loss<span class=\"_ _234\"> </span><span class=\"ws0\">13.3<span class=\"_ _297\"> </span>2.0</span></span><span style=\"display:inherit;clear:left;\">Acturial gain (loss) on plan assets<span class=\"_ _246\"> </span><span class=\"ws0\">21.1<span class=\"_ _39\"> </span>-34.9</span></span><span style=\"display:inherit;clear:left;\">Items recognised through OCI<span class=\"_ _2cf\"> </span><span class=\"ws0\">21.1<span class=\"_ _e9\"> </span>-34.9</span></span><span style=\"display:inherit;clear:left;\">Contributions paid<span class=\"_ _28a\"> </span><span class=\"ws0\">0.1<span class=\"_ _182\"> </span>0.0</span></span><span style=\"display:inherit;clear:left;\">Benefits paid<span class=\"_ _1b8\"> </span><span class=\"ws0\">-24.6<span class=\"_ _bf\"> </span>-24.8</span></span><span style=\"display:inherit;clear:left;\">Fair value of plan assets at 31 December<span class=\"_ _224\"> </span><span class=\"ws0\">393.7<span class=\"_ _f7\"> </span>383.7</span></span><span style=\"display:inherit;clear:left;\">%<span class=\"_ _1c2\"> </span>2023<span class=\"_ _59\"> </span>2022</span><span style=\"display:inherit;clear:left;\">Listed shares<span class=\"_ _2d0\"> </span><span class=\"ws0\">14.8<span class=\"_ _2d1\"> </span>12.2</span></span><span style=\"display:inherit;clear:left;\">Debt instruments<span class=\"_ _18c\"> </span><span class=\"ws0\">56.7<span class=\"_ _47\"> </span>59.7</span></span><span style=\"display:inherit;clear:left;\">Property<span class=\"_ _2d2\"> </span>25.2<span class=\"_ _47\"> </span>24.2</span><span style=\"display:inherit;clear:left;\">Other<span class=\"_ _296\"> </span>3.3<span class=\"_ _5e\"> </span>3.9</span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _284\"> </span>100.0<span class=\"_ _59\"> </span>100.0</span><span style=\"display:inherit;clear:left;\">%<span class=\"_ _1c2\"> </span>2023<span class=\"_ _59\"> </span>2022</span><span style=\"display:inherit;clear:left;\">Discount rate %<span class=\"_ _22e\"> </span>3.01 %<span class=\"_ _c5\"> </span><span class=\"ws0\">3.69%</span></span><span style=\"display:inherit;clear:left;\">Annual rate of future salary increases %<span class=\"_ _222\"> </span>0.90 %<span class=\"_ _66\"> </span><span class=\"ws0\">0.60%</span></span><span style=\"display:inherit;clear:left;\">Future pension increases %<span class=\"_ _230\"> </span>0.00 %<span class=\"_ _189\"> </span><span class=\"ws0\">0.00%</span></span><span style=\"display:inherit;clear:left;\">Estimated remaining years of service<span class=\"_ _121\"> </span><span class=\"ws0\">8<span class=\"_ _4f\"> </span>8</span></span><span style=\"display:inherit;clear:left;\">Impact when </span><span style=\"display:inherit;clear:left;\">Impact when </span><span style=\"display:inherit;clear:left;\">increase in </span><span style=\"display:inherit;clear:left;\">decrease in </span><span style=\"display:inherit;clear:left;\">Change in </span><span style=\"display:inherit;clear:left;\">assumption, </span><span style=\"display:inherit;clear:left;\">assumption, </span><span style=\"display:inherit;clear:left;\">Actuarial assumption</span><span style=\"display:inherit;clear:left;\">assumption</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _4c\"> </span><span class=\"ws0\">%</span></span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _4c\"> </span><span class=\"ws0\">%</span></span><span style=\"display:inherit;clear:left;\">Discount rate %<span class=\"_ _264\"> </span><span class=\"ws0\">0.25%<span class=\"_ _2ae\"> </span>-5.2<span class=\"_ _f1\"> </span>-2.0%<span class=\"_ _4c\"> </span>5.4<span class=\"_ _3c\"> </span>2.1%</span></span><span style=\"display:inherit;clear:left;\">Annual rate of future salary </span><span style=\"display:inherit;clear:left;\">increases %<span class=\"_ _2d3\"> </span><span class=\"ws0\">0.25%<span class=\"_ _2b9\"> </span>1.3<span class=\"_ _bf\"> </span>0.5%<span class=\"_ _168\"> </span>-1.3<span class=\"_ _57\"> </span>-0.5%</span></span><span style=\"display:inherit;clear:left;\">Life expectancy at birth<span class=\"_ _141\"> </span>1 year<span class=\"_ _152\"> </span><span class=\"ws0\">5.6<span class=\"_ _3c\"> </span>2.1%<span class=\"_ _43\"> </span>-<span class=\"_ _22\"> </span>-</span></span><span style=\"display:inherit;clear:left;\">2 Fleet and other fixed assets and leasing </span><span style=\"display:inherit;clear:left;\">arrangements</span><span style=\"display:inherit;clear:left;\">  Fleet and other fixed assets and leasing arrangements include notes particularly related to the aircraft fleet. </span><span style=\"display:inherit;clear:left;\">Notes related to the aircraft operated by the Group are combined in this section so that the general view of the </span><span style=\"display:inherit;clear:left;\">fleet is easier to understand. In addition to owned aircraft, the notes cover leased aircraft under different kinds </span><span style=\"display:inherit;clear:left;\">of aircraft lease arrangements. </span><span style=\"display:inherit;clear:left;\">The assets owned and leased by Finnair consist mostly of aircraft operated by Finnair and Norra. In 2023, the </span><span style=\"display:inherit;clear:left;\">number of owned aircraft was 46 (37) and leased aircraft 33 (43). During the financial year, Finnair purchased </span><span style=\"display:inherit;clear:left;\">two A320 and seven A321 aircraft that it had been leasing in. All aircraft were in operative use as at the balance </span><span style=\"display:inherit;clear:left;\">sheet date.</span><span style=\"display:inherit;clear:left;\">Fleet in Finnair balance sheet</span><span style=\"display:inherit;clear:left;\">2.1 Fleet and other fixed assets </span><span style=\"display:inherit;clear:left;\">  Fleet and other fixed assets are stated at historical cost less accumulated depreciation and accumulated </span><span style=\"display:inherit;clear:left;\">impairment loss if applicable. Fleet includes aircraft and aircraft prepayments. The acquisition cost of aircraft </span><span style=\"display:inherit;clear:left;\">is allocated to the aircraft frame, cabin components, engines and maintenace components as separate assets. </span><span style=\"display:inherit;clear:left;\">Maintenance components include heavy maintenance, C-checks, APU (auxiliary power unit) restorations, landing </span><span style=\"display:inherit;clear:left;\">gear overhauls and thrust reversers of aircraft frames, as well as performance restoration and maintenance of </span><span style=\"display:inherit;clear:left;\">life limited parts of engines. Aircraft frames and engines are depreciated over the useful life of the aircraft. The </span><span style=\"display:inherit;clear:left;\">maintenance components are depreciated during the maintenance cycle. Cabin components are depreciated over </span><span style=\"display:inherit;clear:left;\">their expected useful life. Significant modifications of owned or leased aircraft are capitalised as separate items </span><span style=\"display:inherit;clear:left;\">and depreciated over their expected useful life, which in the case of leased aircraft cannot exceed the lease period. </span><span style=\"display:inherit;clear:left;\">Replaced components are derecognised from the balance sheet. </span><span style=\"display:inherit;clear:left;\">Advance payments for aircraft are recorded as fleet fixed assets. Interest costs related to advance payments are </span><span style=\"display:inherit;clear:left;\">capitalised as acquisition cost for the period at which Finnair is financing the manufacturing of the aircraft. Hedging </span><span style=\"display:inherit;clear:left;\">gains or losses related to the fair value changes of firm, USD nominated purchase commitments for aircraft are </span><span style=\"display:inherit;clear:left;\">recognised in advance payments. Advance payments, realised foreign exchange hedges and capitalised interests </span><span style=\"display:inherit;clear:left;\">are recognised as part of the aircraft acquisition cost once the aircraft is delivered and taken to commercial use.</span><span style=\"display:inherit;clear:left;\">Other fixed assets include rotable aircraft spare parts, other fixed assets and their prepayments. Other fixed assets </span><span style=\"display:inherit;clear:left;\">are depreciated during their expected useful life.</span><span style=\"display:inherit;clear:left;\">Intangible assets mainly include computer software and connection fees. Connection fees are not depreciated. </span><span style=\"display:inherit;clear:left;\">Gains and losses on disposal of tangible and intangible assets are included in other operating income and expenses.</span><span style=\"display:inherit;clear:left;\">Useful life and residual value</span><span style=\"display:inherit;clear:left;\">Depreciation of fleet and other fixed assets is based on the following expected economic lifetimes:</span><span style=\"display:inherit;clear:left;\">New aircraft and engines (fleet) as well as flight simulators (other equipment) on a straight-line basis as follows:</span><span style=\"display:inherit;clear:left;\">Airbus A350 fleet, over 20 years to a residual value of 10%</span><span style=\"display:inherit;clear:left;\">Airbus A320 and Embraer fleet, over 20 years to a residual value of 10%</span><span style=\"display:inherit;clear:left;\">Airbus A330 fleet, over 18 years to a residual value of 10%</span><span style=\"display:inherit;clear:left;\">Turboprop aircraft (ATR fleet), over 20 years to a residual value of 10%</span><span style=\"display:inherit;clear:left;\">Heavy maintenance, C-checks, APU and landing gear restorations and thrust reversers of aircraft frame, as well </span><span style=\"display:inherit;clear:left;\">as performance maintenance and life limited parts of the engines, on a straight-line basis during the maintenance </span><span style=\"display:inherit;clear:left;\">period</span><span style=\"display:inherit;clear:left;\">Cabin components, over 7\u201320 years</span><span style=\"display:inherit;clear:left;\">Rotable spare parts and components, over 15 years to a residual value of 0%</span><span style=\"display:inherit;clear:left;\">Buildings, over 10\u201350 years from the time of acquisition to a residual value of 10%</span><span style=\"display:inherit;clear:left;\">Other tangible assets, over 3\u201315 years</span><span style=\"display:inherit;clear:left;\">Computer software, over 3\u20138 years</span><span style=\"display:inherit;clear:left;\">The residual values and estimated useful lives of the assets are assessed at each closing date and if they differ </span><span style=\"display:inherit;clear:left;\">significantly from previous estimates, the depreciation periods and residual values are changed accordingly.</span><span style=\"display:inherit;clear:left;\">Assets held for sale</span><span style=\"display:inherit;clear:left;\">Non-current assets (or disposal groups) are classified as assets held for sale when their carrying amount is to be </span><span style=\"display:inherit;clear:left;\">recovered principally through a sale transaction, a sale is considered highly probable and expected to take place </span><span style=\"display:inherit;clear:left;\">within the next twelve months. Assets classified as held for sale are stated at the lower of the carrying amount or fair </span><span style=\"display:inherit;clear:left;\">value less cost to sell. Assets classified as held for sale are no longer depreciated.  </span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2d4\"> </span><span class=\"ws0\">2023<span class=\"_ _58\"> </span>2022<span class=\"_ _73\"> </span>Change</span></span><span style=\"display:inherit;clear:left;\">Advances paid for aircraft<span class=\"_ _221\"> </span><span class=\"ws0\">95.8<span class=\"_ _47\"> </span>111.2<span class=\"_ _fd\"> </span>-15.4</span></span><span style=\"display:inherit;clear:left;\">Owned aircraft<span class=\"_ _2d5\"> </span><span class=\"ws0\">957.2<span class=\"_ _e9\"> </span>783.6<span class=\"_ _bf\"> </span>173.6</span></span><span style=\"display:inherit;clear:left;\">Right-of-use fleet<span class=\"_ _121\"> </span><span class=\"ws0\">775.0<span class=\"_ _232\"> </span>932.9<span class=\"_ _59\"> </span>-157.9</span></span><span style=\"display:inherit;clear:left;\">Fleet total<span class=\"_ _230\"> </span><span class=\"ws0\">1,828.0<span class=\"_ _fa\"> </span>1,827.6<span class=\"_ _2c3\"> </span>0.4</span></span><span style=\"display:inherit;clear:left;\">Fleet lease liabilities<span class=\"_ _2d6\"> </span><span class=\"ws0\">940.3<span class=\"_ _189\"> </span>1,164.4<span class=\"_ _57\"> </span>-224.1</span></span><span style=\"display:inherit;clear:left;\">Depreciation and impairment from fleet during the period</span><span style=\"display:inherit;clear:left;\">Depreciation for the period of owned aircraft<span class=\"_ _2d7\"> </span><span class=\"ws0\">-139.5<span class=\"_ _b5\"> </span>-120.9<span class=\"_ _fd\"> </span>-18.6</span></span><span style=\"display:inherit;clear:left;\">Depreciation for the period of right-of-use fleet<span class=\"_ _2d8\"> </span><span class=\"ws0\">-156.9<span class=\"_ _b5\"> </span>-156.0<span class=\"_ _102\"> </span>-0.9</span></span><span style=\"display:inherit;clear:left;\">Impairment for the period related to owned aircraft<span class=\"_ _10e\"> </span><span class=\"ws0\">-<span class=\"_ _fc\"> </span>-32.7<span class=\"_ _2be\"> </span>32.7</span></span><span style=\"display:inherit;clear:left;\">Fleet 2023</span><span style=\"display:inherit;clear:left;\">Additions to fleet in 2023 relate mainly to purchase of two A320 and seven A321 aircrafts that were previously </span><span style=\"display:inherit;clear:left;\">leased by Finnair, cabin refurbishment of the wide-body aircraft, and investments in aircraft maintenance. </span><span style=\"display:inherit;clear:left;\">Currency hedging of aircraft acquisitions is described in the notes 3.5 Management of financial risks and 3.8 </span><span style=\"display:inherit;clear:left;\">Derivatives.</span><span style=\"display:inherit;clear:left;\">Fleet 2022</span><span style=\"display:inherit;clear:left;\">Other fixed assets 2023</span><span style=\"display:inherit;clear:left;\">In addition to the aircraft rotable parts included in the other fixed assets, Finnair\u2019s inventories include non-</span><span style=\"display:inherit;clear:left;\">rotable aircraft parts amounting to 26.7 million euro (24.4). </span><span style=\"display:inherit;clear:left;\">Other fixed assets 2022</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2db\"> </span><span class=\"ws0\">Aircraft<span class=\"_ _13c\"> </span>Advances<span class=\"_ _c5\"> </span>Total</span></span><span style=\"display:inherit;clear:left;\">Acquisition cost 1 Jan 2023<span class=\"_ _2dc\"> </span><span class=\"ws0\">1,828.1<span class=\"_ _47\"> </span>111.2<span class=\"_ _138\"> </span>1,939.3</span></span><span style=\"display:inherit;clear:left;\">Additions<span class=\"_ _2dd\"> </span>348.0<span class=\"_ _10c\"> </span>49.6<span class=\"_ _5a\"> </span>397.7</span><span style=\"display:inherit;clear:left;\">Disposals<span class=\"_ _2de\"> </span>-44.6<span class=\"_ _22\"> </span>-<span class=\"_ _39\"> </span>-44.6</span><span style=\"display:inherit;clear:left;\">Currency hedging of aircraft acquisitions<span class=\"_ _2df\"> </span><span class=\"ws0\">-<span class=\"_ _fd\"> </span>-10.2<span class=\"_ _fd\"> </span>-10.2</span></span><span style=\"display:inherit;clear:left;\">Reclassifications<span class=\"_ _16b\"> </span>-34.7<span class=\"_ _39\"> </span>-54.8<span class=\"_ _39\"> </span>-89.5</span><span style=\"display:inherit;clear:left;\">Acquisition cost 31 Dec 2023<span class=\"_ _2e0\"> </span><span class=\"ws0\">2,096.8<span class=\"_ _e1\"> </span>95.8<span class=\"_ _21a\"> </span>2,192.7</span></span><span style=\"display:inherit;clear:left;\">Accumulated depreciation and impairment 1 Jan 2023<span class=\"_ _2b4\"> </span><span class=\"ws0\">-1,044.5<span class=\"_ _2e1\"> </span>-<span class=\"_ _b7\"> </span>-1,044.5</span></span><span style=\"display:inherit;clear:left;\">Disposals<span class=\"_ _27\"> </span>44.3<span class=\"_ _2e1\"> </span>-<span class=\"_ _47\"> </span>44.3</span><span style=\"display:inherit;clear:left;\">Depreciation for the financial year<span class=\"_ _27c\"> </span><span class=\"ws0\">-139.5<span class=\"_ _2e1\"> </span>-<span class=\"_ _57\"> </span>-139.5</span></span><span style=\"display:inherit;clear:left;\">Accumulated depreciation and impairment 31 Dec 2023<span class=\"_ _3e\"> </span><span class=\"ws0\">-1,139.7<span class=\"_ _22\"> </span><span class=\"ff3\">-<span class=\"_ _104\"> </span></span>-1,139.7</span></span><span style=\"display:inherit;clear:left;\">Book value 31 Dec 2023<span class=\"_ _2e2\"> </span><span class=\"ws0\">957.2<span class=\"_ _e1\"> </span>95.8<span class=\"_ _87\"> </span>1,053.0</span></span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2db\"> </span><span class=\"ws0\">Aircraft<span class=\"_ _13c\"> </span>Advances<span class=\"_ _c5\"> </span>Total</span></span><span style=\"display:inherit;clear:left;\">Acquisition cost 1 Jan 2022<span class=\"_ _4e\"> </span><span class=\"ws0\">1,749.4<span class=\"_ _e6\"> </span>127.7<span class=\"_ _b5\"> </span>1,877.1</span></span><span style=\"display:inherit;clear:left;\">Additions<span class=\"_ _2e3\"> </span>69.1<span class=\"_ _2d1\"> </span>12.2<span class=\"_ _10b\"> </span>81.2</span><span style=\"display:inherit;clear:left;\">Disposals<span class=\"_ _2e4\"> </span>-39.5<span class=\"_ _2e1\"> </span>-<span class=\"_ _10a\"> </span>-39.5</span><span style=\"display:inherit;clear:left;\">Currency hedging of aircraft acquisitions<span class=\"_ _2df\"> </span><span class=\"ws0\">-<span class=\"_ _10c\"> </span>20.4<span class=\"_ _42\"> </span>20.4</span></span><span style=\"display:inherit;clear:left;\">Reclassifications<span class=\"_ _2e5\"> </span>49.2<span class=\"_ _39\"> </span>-49.2<span class=\"_ _e5\"> </span>-</span><span style=\"display:inherit;clear:left;\">Acquisition cost 31 Dec 2022<span class=\"_ _1a0\"> </span><span class=\"ws0\">1,828.1<span class=\"_ _10d\"> </span>111.2<span class=\"_ _fa\"> </span>1,939.3</span></span><span style=\"display:inherit;clear:left;\">Accumulated depreciation and impairment 1 Jan 2022<span class=\"_ _2a4\"> </span><span class=\"ws0\">-930.8<span class=\"_ _22\"> </span>-<span class=\"_ _66\"> </span>-930.8</span></span><span style=\"display:inherit;clear:left;\">Disposals<span class=\"_ _27\"> </span>39.5<span class=\"_ _22\"> </span>-<span class=\"_ _47\"> </span>39.5</span><span style=\"display:inherit;clear:left;\">Reclassifications<span class=\"_ _2e6\"> </span>0.4<span class=\"_ _2e1\"> </span>-<span class=\"_ _51\"> </span>0.4</span><span style=\"display:inherit;clear:left;\">Depreciation for the financial year<span class=\"_ _2d9\"> </span><span class=\"ws0\">-120.9<span class=\"_ _2e1\"> </span>-<span class=\"_ _58\"> </span>-120.9</span></span><span style=\"display:inherit;clear:left;\">Impairment for the financial year <span class=\"_ _2e7\"> </span><span class=\"ws0\">-32.7<span class=\"_ _2e1\"> </span>-<span class=\"_ _e6\"> </span>-32.7</span></span><span style=\"display:inherit;clear:left;\">Accumulated depreciation and impairment 31 Dec 2022<span class=\"_ _94\"> </span><span class=\"ws0\">-1,044.5<span class=\"_ _22\"> </span><span class=\"ff3\">-<span class=\"_ _103\"> </span></span>-1,044.5</span></span><span style=\"display:inherit;clear:left;\">Book value 31 Dec 2022<span class=\"_ _2e2\"> </span><span class=\"ws0\">783.6<span class=\"_ _e1\"> </span>111.2<span class=\"_ _58\"> </span>894.8</span></span><span style=\"display:inherit;clear:left;\">Aircraft </span><span style=\"display:inherit;clear:left;\">rotable </span><span style=\"display:inherit;clear:left;\">Buildings </span><span style=\"display:inherit;clear:left;\">Other </span><span style=\"display:inherit;clear:left;\">Intangible </span><span style=\"display:inherit;clear:left;\">EUR mill.</span><span style=\"display:inherit;clear:left;\">parts</span><span style=\"display:inherit;clear:left;\">and land</span><span style=\"display:inherit;clear:left;\">equipment</span><span style=\"display:inherit;clear:left;\">assets<span class=\"_ _2e8\"> </span>Advances<span class=\"_ _f9\"> </span>Total</span><span style=\"display:inherit;clear:left;\">Acquisition cost 1 Jan 2023<span class=\"_ _2cc\"> </span><span class=\"ws0\">35.3<span class=\"_ _b5\"> </span>74.5<span class=\"_ _11a\"> </span>122.5<span class=\"_ _c5\"> </span>40.7<span class=\"_ _bf\"> </span>0.4<span class=\"_ _fa\"> </span>273.4</span></span><span style=\"display:inherit;clear:left;\">Additions<span class=\"_ _2e9\"> </span>3.6<span class=\"_ _f3\"> </span>-<span class=\"_ _fc\"> </span>2.5<span class=\"_ _2ea\"> </span>0.3<span class=\"_ _39\"> </span>0.8<span class=\"_ _fd\"> </span>7.3</span><span style=\"display:inherit;clear:left;\">Disposals<span class=\"_ _2eb\"> </span>-1.7<span class=\"_ _f3\"> </span>-<span class=\"_ _58\"> </span>-0.6<span class=\"_ _59\"> </span>-9.0<span class=\"_ _f3\"> </span>-<span class=\"_ _22a\"> </span>-11.3</span><span style=\"display:inherit;clear:left;\">Reclassifications<span class=\"_ _119\"> </span>-<span class=\"_ _f3\"> </span>-<span class=\"_ _e1\"> </span>0.1<span class=\"_ _e1\"> </span>0.1<span class=\"_ _eb\"> </span>-0.1<span class=\"_ _5a\"> </span>0,0</span><span style=\"display:inherit;clear:left;\">Acquisition cost <span class=\"ws0\"> </span></span><span style=\"display:inherit;clear:left;\">31 Dec 2023<span class=\"_ _25a\"> </span><span class=\"ws0\">37.2<span class=\"_ _e8\"> </span>74.5<span class=\"_ _77\"> </span>124.5<span class=\"_ _189\"> </span>32.0<span class=\"_ _2ec\"> </span>1.0<span class=\"_ _b7\"> </span>269.3</span></span><span style=\"display:inherit;clear:left;\">Accumulated depreciation </span><span style=\"display:inherit;clear:left;\">and impairment 1 Jan 2023<span class=\"_ _47\"> </span><span class=\"ws0\">-22.3<span class=\"_ _20d\"> </span>-12.7<span class=\"_ _21a\"> </span>-50.5<span class=\"_ _b6\"> </span>-37.7<span class=\"_ _f3\"> </span>-<span class=\"_ _129\"> </span>-123.3</span></span><span style=\"display:inherit;clear:left;\">Disposals<span class=\"_ _e4\"> </span>1.4<span class=\"_ _50\"> </span>-<span class=\"_ _bf\"> </span>0.6<span class=\"_ _39\"> </span>9.0<span class=\"_ _f3\"> </span>-<span class=\"_ _e9\"> </span>11.0</span><span style=\"display:inherit;clear:left;\">Depreciation for the </span><span style=\"display:inherit;clear:left;\">financial year<span class=\"_ _32\"> </span><span class=\"ws0\">-3.1<span class=\"_ _eb\"> </span>-1.8<span class=\"_ _f7\"> </span>-9.4<span class=\"_ _eb\"> </span>-1.0<span class=\"_ _f3\"> </span>-<span class=\"_ _66\"> </span>-15.3</span></span><span style=\"display:inherit;clear:left;\">Accumulated depreciation </span><span style=\"display:inherit;clear:left;\">and impairment <span class=\"ws0\"> </span></span><span style=\"display:inherit;clear:left;\">31 Dec 2023<span class=\"_ _32\"> </span><span class=\"ws0\">-24.1<span class=\"_ _11a\"> </span>-14.5<span class=\"_ _fb\"> </span>-59.3<span class=\"_ _c0\"> </span>-29.7<span class=\"_ _50\"> </span>-<span class=\"_ _b9\"> </span>-127.5</span></span><span style=\"display:inherit;clear:left;\">Book value 31 Dec 2023<span class=\"_ _9b\"> </span><span class=\"ws0\">13.2<span class=\"_ _c5\"> </span>60.1<span class=\"_ _e8\"> </span>65.2<span class=\"_ _bf\"> </span>2.3<span class=\"_ _fc\"> </span>1.0<span class=\"_ _124\"> </span>141.8</span></span><span style=\"display:inherit;clear:left;\">Aircraft </span><span style=\"display:inherit;clear:left;\">rotable </span><span style=\"display:inherit;clear:left;\">Buildings </span><span style=\"display:inherit;clear:left;\">Other </span><span style=\"display:inherit;clear:left;\">Intangible </span><span style=\"display:inherit;clear:left;\">EUR mill.</span><span style=\"display:inherit;clear:left;\">parts</span><span style=\"display:inherit;clear:left;\">and land</span><span style=\"display:inherit;clear:left;\">equipment</span><span style=\"display:inherit;clear:left;\">assets<span class=\"_ _2e8\"> </span>Advances<span class=\"_ _f9\"> </span>Total</span><span style=\"display:inherit;clear:left;\">Acquisition cost 1 Jan 2022<span class=\"_ _4b\"> </span><span class=\"ws0\">34.2<span class=\"_ _22a\"> </span>74.5<span class=\"_ _b6\"> </span>119.5<span class=\"_ _b5\"> </span>47.8<span class=\"_ _39\"> </span>0.8<span class=\"_ _c0\"> </span>276.7</span></span><span style=\"display:inherit;clear:left;\">Additions<span class=\"_ _2d3\"> </span>2.3<span class=\"_ _f3\"> </span>-<span class=\"_ _2ea\"> </span>4.4<span class=\"_ _2ea\"> </span>0.2<span class=\"_ _bf\"> </span>0.4<span class=\"_ _fd\"> </span>7.2</span><span style=\"display:inherit;clear:left;\">Disposals<span class=\"_ _2d3\"> </span>-1.1<span class=\"_ _f3\"> </span>-<span class=\"_ _46\"> </span>-1.4<span class=\"_ _232\"> </span>-7.9<span class=\"_ _f3\"> </span>-<span class=\"_ _b6\"> </span>-10.5</span><span style=\"display:inherit;clear:left;\">Reclassifications<span class=\"_ _119\"> </span>-<span class=\"_ _f3\"> </span>-<span class=\"_ _e1\"> </span>0.1<span class=\"_ _39\"> </span>0.6<span class=\"_ _59\"> </span>-0.8<span class=\"_ _f3\"> </span>-</span><span style=\"display:inherit;clear:left;\">Transfers to/from assets held </span><span style=\"display:inherit;clear:left;\">for sale<span class=\"_ _2ed\"> </span><span class=\"ws0\">-<span class=\"_ _f3\"> </span>-<span class=\"_ _e1\"> </span>0.1<span class=\"_ _f3\"> </span>-<span class=\"_ _f3\"> </span>-<span class=\"_ _5a\"> </span>0,0</span></span><span style=\"display:inherit;clear:left;\">Acquisition cost <span class=\"ws0\"> </span></span><span style=\"display:inherit;clear:left;\">31 Dec 2022<span class=\"_ _2ee\"> </span><span class=\"ws0\">35.3<span class=\"_ _e8\"> </span>74.5<span class=\"_ _fb\"> </span>122.5<span class=\"_ _189\"> </span>40.7<span class=\"_ _46\"> </span>0.4<span class=\"_ _129\"> </span>273.4</span></span><span style=\"display:inherit;clear:left;\">Accumulated depreciation </span><span style=\"display:inherit;clear:left;\">and impairment 1 Jan 2022<span class=\"_ _41\"> </span><span class=\"ws0\">-19.2<span class=\"_ _c4\"> </span>-10.8<span class=\"_ _189\"> </span>-41.9<span class=\"_ _124\"> </span>-42.5<span class=\"_ _f3\"> </span>-<span class=\"_ _77\"> </span>-114.4</span></span><span style=\"display:inherit;clear:left;\">Disposals<span class=\"_ _265\"> </span>1.0<span class=\"_ _f3\"> </span>-<span class=\"_ _39\"> </span>0.9<span class=\"_ _2ec\"> </span>7.9<span class=\"_ _f3\"> </span>-<span class=\"_ _2ea\"> </span>9.8</span><span style=\"display:inherit;clear:left;\">Transfer to/from assets held </span><span style=\"display:inherit;clear:left;\">for sale<span class=\"_ _2ef\"> </span><span class=\"ws0\">0.3<span class=\"_ _f3\"> </span>-<span class=\"_ _f3\"> </span>-<span class=\"_ _50\"> </span>-<span class=\"_ _f3\"> </span>-<span class=\"_ _2ea\"> </span>0.3</span></span><span style=\"display:inherit;clear:left;\">Depreciation for the </span><span style=\"display:inherit;clear:left;\">financial year<span class=\"_ _119\"> </span><span class=\"ws0\">-4.5<span class=\"_ _149\"> </span>-1.8<span class=\"_ _f7\"> </span>-9.5<span class=\"_ _5a\"> </span>-3.1<span class=\"_ _f3\"> </span>-<span class=\"_ _189\"> </span>-18.9</span></span><span style=\"display:inherit;clear:left;\">Accumulated depreciation </span><span style=\"display:inherit;clear:left;\">and impairment <span class=\"ws0\"> </span></span><span style=\"display:inherit;clear:left;\">31 Dec 2022<span class=\"_ _69\"> </span><span class=\"ws0\">-22.3<span class=\"_ _c4\"> </span>-12.7<span class=\"_ _77\"> </span>-50.5<span class=\"_ _124\"> </span>-37.7<span class=\"_ _2ae\"> </span>-<span class=\"_ _b9\"> </span>-123.3</span></span><span style=\"display:inherit;clear:left;\">Book value 31 Dec 2022<span class=\"_ _2b\"> </span><span class=\"ws0\">12.9<span class=\"_ _22a\"> </span>61.8<span class=\"_ _66\"> </span>72.0<span class=\"_ _5a\"> </span>3.0<span class=\"_ _eb\"> </span>0.4<span class=\"_ _21a\"> </span>150.1</span></span><span style=\"display:inherit;clear:left;\">Capitalised borrowing costs</span><span style=\"display:inherit;clear:left;\">In 2023 borrowing costs of 2.9 million euro (1.8) were capitalised in tangible assets related to the Airbus A350 </span><span style=\"display:inherit;clear:left;\">investment program. Finnair uses the effective interest rate to calculate the capitalised borrowing costs, that </span><span style=\"display:inherit;clear:left;\">represents the costs of the loans used to finance the investment. The average yearly interest rate in 2023 was </span><span style=\"display:inherit;clear:left;\">5.1% (4.2%). The general borrowings used to fund the acquisition of capital assets are included in the calculation </span><span style=\"display:inherit;clear:left;\">of the capitalisation rate. </span><span style=\"display:inherit;clear:left;\">Assets and liabilities held for sale</span><span style=\"display:inherit;clear:left;\">Finnair had no assets classified as held for sale at the end of the financial year 2023. </span><span style=\"display:inherit;clear:left;\">Pledged assets and other restrictions on fixed assets</span><span style=\"display:inherit;clear:left;\">Finnair does not have fixed assets pledged as a security for bank loans. Fleet assets include three A350 aircraft </span><span style=\"display:inherit;clear:left;\">financed with JOLCO-loans and one A350 aircraft where the legal title is transferred to Finnair after loans are </span><span style=\"display:inherit;clear:left;\">repaid. More details on these arrangements are presented in the note 3.3. Financial liabilities. </span><span style=\"display:inherit;clear:left;\">Investment commitments</span><span style=\"display:inherit;clear:left;\">Investment commitments as at the end of the year totalled 313.7 million euro (366.1) and it includes firm aircraft </span><span style=\"display:inherit;clear:left;\">orders, other aircraft related investments as well as committed maintenance investments. Out of the total </span><span style=\"display:inherit;clear:left;\">investment commitments 175.6 million euro is expected to take place within the next 12 months and 138.1 million </span><span style=\"display:inherit;clear:left;\">euro during the following 1-5 years. The amount of the total commitments fluctuates between the order and the </span><span style=\"display:inherit;clear:left;\">delivery date of the aircraft mainly due to EUR/USD exchange rate changes and escalation clauses included in </span><span style=\"display:inherit;clear:left;\">airline purchase agreements. The exact amount of the commitments in relation to each aircraft is only known at </span><span style=\"display:inherit;clear:left;\">the time of the delivery.</span><span style=\"display:inherit;clear:left;\">At the commencement date of a lease, Finnair recognises both a right-of-use asset and a lease liability.</span><span style=\"display:inherit;clear:left;\">The lease liability is the present value of future lease payments. At Finnair, lease payments for aircraft leases typically </span><span style=\"display:inherit;clear:left;\">contain variable payments that depend on interest rates and indices. The variable payments are included in the </span><span style=\"display:inherit;clear:left;\">measurement of the lease liability from the commencement date of the lease. </span><span style=\"display:inherit;clear:left;\">The right-of-use asset is measured at cost, comprising </span><span style=\"display:inherit;clear:left;\">the amount of the initial measurement of the lease liability;</span><span style=\"display:inherit;clear:left;\">any lease payments made at or before the commencement date, less any incentives received;</span><span style=\"display:inherit;clear:left;\">any initial direct costs incurred by Finnair; and </span><span style=\"display:inherit;clear:left;\">an estimate of costs to be incurred by Finnair in restoring the assets to the condition required by the terms and </span><span style=\"display:inherit;clear:left;\">conditions of the lease.</span><span style=\"display:inherit;clear:left;\">In most cases, Finnair is obliged to return leased aircraft and their engines according to the redelivery condition set </span><span style=\"display:inherit;clear:left;\">in the lease agreement. If at the time of redelivery, the condition of the aircraft and its engines differs from the agreed </span><span style=\"display:inherit;clear:left;\">redelivery condition, Finnair needs to either maintain the aircraft so that it meets the agreed redelivery condition or </span><span style=\"display:inherit;clear:left;\">settle the difference in cash to the lessor. </span><span style=\"display:inherit;clear:left;\">The maintenance costs can be divided into two main groups: </span><span style=\"display:inherit;clear:left;\">1) costs that are incurred independent of the usage of the aircraft / leasing period and </span><span style=\"display:inherit;clear:left;\">2) costs that are incurred dependent on the usage of the aircraft / leasing period </span><span style=\"display:inherit;clear:left;\">The final check and painting required at redelivery are considered unavoidable maintenance costs that realise </span><span style=\"display:inherit;clear:left;\">when the aircraft is redelivered to the lessor, irrespective of the time or flight hours. The counterpart of the provision is </span><span style=\"display:inherit;clear:left;\">recorded in the book value of the right-of-use asset at the commencement of the lease. </span><span style=\"display:inherit;clear:left;\">Respectively, costs depending on the usage of the aircraft are not considered as part of the right-of-use asset cost.</span><span style=\"display:inherit;clear:left;\">Finnair remeasures the lease liability when there is a lease modification that changes the scope of a lease or the </span><span style=\"display:inherit;clear:left;\">consideration for the lease, that was not part of the original terms and conditions of the lease (including changes in </span><span style=\"display:inherit;clear:left;\">lease payments resulting from a change in indices and rates used in variable aircraft lease payments) or when the </span><span style=\"display:inherit;clear:left;\">the likehood of Finnair using a purchase-option is changed. The amount of the remeasurement of the lease liability </span><span style=\"display:inherit;clear:left;\">is generally recognised as an adjustment to the right-of-use asset. However, if the carrying amount of the right-of-</span><span style=\"display:inherit;clear:left;\">use asset is reduced to zero and there is a further reduction in the measurement of the lease liability, the remaining </span><span style=\"display:inherit;clear:left;\">measurement is recognised in profit or loss.</span><span style=\"display:inherit;clear:left;\">After initial recognition, right-of-use assets are measured at cost less any accumulated depreciations and accumulated </span><span style=\"display:inherit;clear:left;\">impairment losses. The assets are depreciated with a straight-line method from the commencement date to the shorter </span><span style=\"display:inherit;clear:left;\">of end of useful life of the right-of-use asset and the end of lease term. However, if the lease transfers ownership of the </span><span style=\"display:inherit;clear:left;\">asset to Finnair by the end of lease term or if the cost of the right-of-use asset reflects that Finnair will exercise a purchase </span><span style=\"display:inherit;clear:left;\">option, the right-of-use asset is depreciated from the commencement date to the end of useful life of the asset.</span><span style=\"display:inherit;clear:left;\">At Finnair aircraft lease contracts contain the interest rate implicit in the lease, even if the aircraft lease agreements </span><span style=\"display:inherit;clear:left;\">do not clearly define the interest rate implicit in the lease. Since the fair values of the aircraft are provided publicly </span><span style=\"display:inherit;clear:left;\">by third parties, Finnair is able to calculate the implicit interest rate for each qualifying aircraft operating lease. The </span><span style=\"display:inherit;clear:left;\">rate implicit in the lease is defined as the rate that causes the sum of the present value of the lease payments and the </span><span style=\"display:inherit;clear:left;\">present value of the unguaranteed residual value of the underlying asset at the end of the lease to equal the sum of </span><span style=\"display:inherit;clear:left;\">the fair value of the underlying asset and any initial direct costs of the lessor. The implicit interest rate is determined by </span><span style=\"display:inherit;clear:left;\">each aircraft lease contract separately.</span><span style=\"display:inherit;clear:left;\">For other lease contracts, an implicit interest rate cannot be usually determined. The incremental borrowing rate is </span><span style=\"display:inherit;clear:left;\">therefore used and it is determined by each class of assets separately, based on management estimate. </span><span style=\"display:inherit;clear:left;\">Aircraft lease contracts are usually denominated in foreign currency (US dollars) and the foreign currency lease </span><span style=\"display:inherit;clear:left;\">liabilities are revalued at each balance sheet date to the spot rate. The lease payments (lease payments made) are </span><span style=\"display:inherit;clear:left;\">accounted for as repayments of the lease liability and as interest expense.</span><span style=\"display:inherit;clear:left;\">The Group as lessor</span><span style=\"display:inherit;clear:left;\">Agreements, where the Group is the lessor, are accounted for as operating leases, when a substantial part of the risks </span><span style=\"display:inherit;clear:left;\">and rewards of ownership are not transferred to the lessee. The assets leased under operating lease are included </span><span style=\"display:inherit;clear:left;\">in the tangible assets and they are depreciated during their useful life. Depreciation is calculated using the same </span><span style=\"display:inherit;clear:left;\">principles as the tangible assets for own use. Under the provisions of certain aircraft lease agreements, the lessee </span><span style=\"display:inherit;clear:left;\">is required to pay periodic maintenance reserves which accumulate funds for aircraft maintenance. Advances </span><span style=\"display:inherit;clear:left;\">received for maintenance are recognised as liability, which is charged, when maintenance is done. The rents for </span><span style=\"display:inherit;clear:left;\">premises and aircraft are recognised in the income statement as other operating income over the lease term.</span><span style=\"display:inherit;clear:left;\">Agreements, where the Group is the lessor, are accounted for as finance leases, when a substantial part of the risks </span><span style=\"display:inherit;clear:left;\">and rewards of ownership are transferred to the lessee. Finnair recognises assets held under a finance lease in its </span><span style=\"display:inherit;clear:left;\">balance sheet and presents them as a receivable at an amount equal to the net investment of the lease which is equal </span><span style=\"display:inherit;clear:left;\">to the sum of the present values  <span class=\"_ _0\"></span> <span class=\"_ _0\"></span>of the lease income it will receive in the future and the unguaranteed residual value.</span><span style=\"display:inherit;clear:left;\">Finnair subleases aircraft and buildings as well as ground equipment from time to time,  which are classified either as </span><span style=\"display:inherit;clear:left;\">finance leases or operating leases based on the individual contract terms. A lease is classified on its commencement </span><span style=\"display:inherit;clear:left;\">2.2 Leasing arrangements</span><span style=\"display:inherit;clear:left;\">  The Group as lessee </span><span style=\"display:inherit;clear:left;\">Finnair assesses whether a contract that relates to tangible assets is, or contains, a lease in accordance with the IFRS </span><span style=\"display:inherit;clear:left;\">16. Lease agreements for tangible assets, where the contract conveys the right to use an identified asset for a period </span><span style=\"display:inherit;clear:left;\">of time in exchange for consideration, are classified as leases.</span><span style=\"display:inherit;clear:left;\">The lease term is the non-cancellable period for which a lessee has the right to use an underlying asset, together </span><span style=\"display:inherit;clear:left;\">with both periods covered by an option to extend the lease if Finnair is reasonably certain to exercise that option; and </span><span style=\"display:inherit;clear:left;\">periods covered by an option to terminate the lease if Finnair is reasonably certain not to exercise the option.</span><span style=\"display:inherit;clear:left;\">The lease recognition requirements are not applied to short-term leases, where at the commencement date, the </span><span style=\"display:inherit;clear:left;\">lease term is 12 months or less and does not contain a purchase option. Finnair considers the lease period to be the </span><span style=\"display:inherit;clear:left;\">period that is enforceable. Hence, for contracts where the contract term is non-fixed and Finnair has the right to </span><span style=\"display:inherit;clear:left;\">terminate the contract without the permission from the other party with no more than an insignificant penalty and </span><span style=\"display:inherit;clear:left;\">there are no other indications that the contract is enforceable, Finnair classifies these contracts as short-term. The </span><span style=\"display:inherit;clear:left;\">lease recognition requirements are also not applied to leases that are not material to Finnair.</span><span style=\"display:inherit;clear:left;\">For short-term leases and immaterial leases to which these exemptions are applied, the lease payments are </span><span style=\"display:inherit;clear:left;\">recognised as an expense on either a straight-line basis over the lease term, or on another systematic basis if that </span><span style=\"display:inherit;clear:left;\">basis is more representative of the pattern of Finnair\u2019s benefit.</span><span style=\"display:inherit;clear:left;\">Aircraft<span class=\"_ _4d\"> </span>Advances<span class=\"_ _95\"> </span>Total</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2f0\"> </span><span class=\"ws0\">2023<span class=\"_ _b7\"> </span>2022<span class=\"_ _b7\"> </span>2023<span class=\"_ _b7\"> </span>2022<span class=\"_ _b7\"> </span>2023<span class=\"_ _b7\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Book value 1 Jan<span class=\"_ _191\"> </span><span class=\"ws0\">8.3<span class=\"_ _bf\"> </span>8.8<span class=\"_ _fc\"> </span>4.5<span class=\"_ _e6\"> </span>2.7<span class=\"_ _f1\"> </span>12.8<span class=\"_ _46\"> </span>11.5</span></span><span style=\"display:inherit;clear:left;\">Additions<span class=\"_ _15c\"> </span>-<span class=\"_ _50\"> </span>-<span class=\"_ _fc\"> </span>2.9<span class=\"_ _10d\"> </span>1.8<span class=\"_ _fc\"> </span>2.9<span class=\"_ _10d\"> </span>1.8</span><span style=\"display:inherit;clear:left;\">Depreciation<span class=\"_ _32\"> </span>-0.5<span class=\"_ _59\"> </span>-0.5<span class=\"_ _f3\"> </span>-<span class=\"_ _f3\"> </span>-<span class=\"_ _59\"> </span>-0.5<span class=\"_ _57\"> </span>-0.5</span><span style=\"display:inherit;clear:left;\">Book value 31 Dec<span class=\"_ _127\"> </span><span class=\"ws0\">7.8<span class=\"_ _bf\"> </span>8.3<span class=\"_ _bf\"> </span>7.4<span class=\"_ _5a\"> </span>4.5<span class=\"_ _58\"> </span>15.3<span class=\"_ _22a\"> </span>12.8</span></span><span style=\"display:inherit;clear:left;\">date and is reassessed only if the lease is amended. At the commencement date, for the subleases, a net investment </span><span style=\"display:inherit;clear:left;\">(lease receivable), equaling to the present value of lease payments and the present value of the unguaranteed </span><span style=\"display:inherit;clear:left;\">residual value, is recognised. The proportion of the right-of-use asset subleased is derecognised from the balance </span><span style=\"display:inherit;clear:left;\">sheet and the difference between the right-of-use asset and the net investment is recognised in the profit or loss, in </span><span style=\"display:inherit;clear:left;\">other operating income and expenses. Subsequently, the lease payments received are accounted for as repayments </span><span style=\"display:inherit;clear:left;\">of the lease receivable and as interest income. </span><span style=\"display:inherit;clear:left;\">Sale and leaseback </span><span style=\"display:inherit;clear:left;\">In sale and leaseback transactions, where Finnair sells and then leases back aircraft, Finnair measures the right-of-</span><span style=\"display:inherit;clear:left;\">use asset arising from the leaseback at the proportion of the previous carrying amount of the asset that relates to the </span><span style=\"display:inherit;clear:left;\">right-of-use retained by the Group. Accordingly, Finnair recognises only the amount of any gain or loss that relates to </span><span style=\"display:inherit;clear:left;\">the rights transferred to the buyer-lessor.  <span class=\"_ _2f1\"> </span> </span><span style=\"display:inherit;clear:left;\">Leasing arrangements </span><span style=\"display:inherit;clear:left;\">Determining the interest rate and lease term used in discounting the lease payments, estimating the redelivery </span><span style=\"display:inherit;clear:left;\">obligations of aircraft leases and the classification of sublease agreements to operating and financial leases require </span><span style=\"display:inherit;clear:left;\">management discretion in interpretation and application of accounting standards. </span><span style=\"display:inherit;clear:left;\">The carrying value of the right-of-use assets are tested for impairment as part of cash generating unit at the balance </span><span style=\"display:inherit;clear:left;\">sheet date. More details is presented in the note 2.3.</span><span style=\"display:inherit;clear:left;\">Right-of-use assets 2023</span><span style=\"display:inherit;clear:left;\">Reassesments and modifications are mainly related to index changes in existing lease contracts and changes </span><span style=\"display:inherit;clear:left;\">of office and parking space contracts. Disposals are related to purchase of two leased A320 and seven leased </span><span style=\"display:inherit;clear:left;\">A321 aircraft, for which the leasing contracts were terminated in connection with the acquisition.</span><span style=\"display:inherit;clear:left;\">Lease liabilities</span><span style=\"display:inherit;clear:left;\">The Group leases aircraft, premises and other fixed assets, for which the lease liability is recorded on the </span><span style=\"display:inherit;clear:left;\">balance sheet. The lease agreements have different terms of renewal and include index-linked terms and </span><span style=\"display:inherit;clear:left;\">conditions. The Group was operating 33 leased aircraft at the end of the year with lease agreements of different</span><span style=\"display:inherit;clear:left;\">tenors.</span><span style=\"display:inherit;clear:left;\">Finance lease receivables, Group as lessor</span><span style=\"display:inherit;clear:left;\">During the period the Group had finance lease receivable related to the buildings and land area located in the </span><span style=\"display:inherit;clear:left;\">airport area. </span><span style=\"display:inherit;clear:left;\">Leasing arrangements in profit and loss</span><span style=\"display:inherit;clear:left;\">Operating expenses include costs related to short-term and capacity based rental agreements, that are not </span><span style=\"display:inherit;clear:left;\">material for the Group or do not contain a lease according to IFRS 16, and are therefore not recognised in the </span><span style=\"display:inherit;clear:left;\">balance sheet. In the income statement, the short-term wet leases and variable purchase traffic and cargo </span><span style=\"display:inherit;clear:left;\">capacity rents are included in capacity rents and the short-term office rents are included in property, IT and </span><span style=\"display:inherit;clear:left;\">other expenses. Gains related to sale and leaseback transactions are recorded in other operating income in </span><span style=\"display:inherit;clear:left;\">profit and loss. Total cash outflow relating to leases was -376.3 million euro (-376.7).</span><span style=\"display:inherit;clear:left;\">Buildings <span class=\"_ _8\"></span> </span><span style=\"display:inherit;clear:left;\">Other </span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _27c\"> </span><span class=\"ws0\">Aircraft</span></span><span style=\"display:inherit;clear:left;\">and land</span><span style=\"display:inherit;clear:left;\">equipment<span class=\"_ _10c\"> </span>Total</span><span style=\"display:inherit;clear:left;\">Book value 1 Jan 2023<span class=\"_ _260\"> </span><span class=\"ws0\">932.9<span class=\"_ _b0\"> </span>114<span class=\"_ _4a\"> </span>31.4<span class=\"_ _226\"> </span>1,078.20</span></span><span style=\"display:inherit;clear:left;\">New contracts<span class=\"_ _2f2\"> </span><span class=\"ws0\">0.2<span class=\"_ _152\"> </span>18.6<span class=\"_ _1e1\"> </span>5.5<span class=\"_ _168\"> </span>24.3</span></span><span style=\"display:inherit;clear:left;\">Reassessments and modifications<span class=\"_ _266\"> </span><span class=\"ws0\">45.0<span class=\"_ _4f\"> </span>9.0<span class=\"_ _4a\"> </span>-3.5<span class=\"_ _108\"> </span>50.5</span></span><span style=\"display:inherit;clear:left;\">Disposals<span class=\"_ _a3\"> </span>-46.2<span class=\"_ _8e\"> </span>-<span class=\"_ _26\"> </span>-<span class=\"_ _56\"> </span>-46.2</span><span style=\"display:inherit;clear:left;\">Depreciation for the financial year<span class=\"_ _250\"> </span><span class=\"ws0\">-156.9<span class=\"_ _168\"> </span>-13.1<span class=\"_ _2f3\"> </span>-7.7<span class=\"_ _10b\"> </span>-177.8</span></span><span style=\"display:inherit;clear:left;\">Impairment<span class=\"_ _2f4\"> </span>-<span class=\"_ _d2\"> </span>-13.7<span class=\"_ _8e\"> </span>-<span class=\"_ _108\"> </span>-13.7</span><span style=\"display:inherit;clear:left;\">Book value 31 Dec 2023<span class=\"_ _13d\"> </span><span class=\"ws0\">775.0<span class=\"_ _295\"> </span>114.8<span class=\"_ _d2\"> </span>25.6<span class=\"_ _d4\"> </span>915.3</span></span><span style=\"display:inherit;clear:left;\">Buildings <span class=\"_ _8\"></span> </span><span style=\"display:inherit;clear:left;\">Other </span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _27c\"> </span><span class=\"ws0\">Aircraft</span></span><span style=\"display:inherit;clear:left;\">and land</span><span style=\"display:inherit;clear:left;\">equipment<span class=\"_ _10c\"> </span>Total</span><span style=\"display:inherit;clear:left;\">Book value 1 Jan 2022<span class=\"_ _2f5\"> </span><span class=\"ws0\">1,025.3<span class=\"_ _182\"> </span>123.0<span class=\"_ _168\"> </span>33.4<span class=\"_ _30\"> </span>1,181.7</span></span><span style=\"display:inherit;clear:left;\">Additions<span class=\"_ _2f6\"> </span>0.0<span class=\"_ _cf\"> </span>0.5<span class=\"_ _4f\"> </span>9.0<span class=\"_ _b0\"> </span>9.5</span><span style=\"display:inherit;clear:left;\">Changes in contracts<span class=\"_ _2f7\"> </span><span class=\"ws0\">63.5<span class=\"_ _b0\"> </span>3.8<span class=\"_ _24e\"> </span>-3.0<span class=\"_ _109\"> </span>64.3</span></span><span style=\"display:inherit;clear:left;\">Depreciation for the financial year<span class=\"_ _ee\"> </span><span class=\"ws0\">-156.0<span class=\"_ _f3\"> </span>-13.3<span class=\"_ _4c\"> </span>-8.0<span class=\"_ _3b\"> </span>-177.3</span></span><span style=\"display:inherit;clear:left;\">Book value 31 Dec 2022<span class=\"_ _2f8\"> </span><span class=\"ws0\">932.9<span class=\"_ _297\"> </span>114.0<span class=\"_ _168\"> </span>31.4<span class=\"_ _e9\"> </span>1,078.2</span></span><span style=\"display:inherit;clear:left;\">Aircraft<span class=\"_ _108\"> </span><span class=\"wse5\">Buildings and land<span class=\"_ _103\"> </span>Other equipment</span></span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2f0\"> </span><span class=\"ws0\">2023<span class=\"_ _b7\"> </span>2022<span class=\"_ _b7\"> </span>2023<span class=\"_ _b7\"> </span>2022<span class=\"_ _b7\"> </span>2023<span class=\"_ _b7\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">less than one year<span class=\"_ _15a\"> </span><span class=\"ws0\">143.2<span class=\"_ _21a\"> </span>183.0<span class=\"_ _59\"> </span>14.8<span class=\"_ _232\"> </span>12.2<span class=\"_ _39\"> </span>6.0<span class=\"_ _2ec\"> </span>7.4</span></span><span style=\"display:inherit;clear:left;\">1\u20135 years<span class=\"_ _2f9\"> </span><span class=\"ws0\">464.8<span class=\"_ _6e\"> </span>605.5<span class=\"_ _f7\"> </span>51.5<span class=\"_ _46\"> </span>41.1<span class=\"_ _20d\"> </span>20.5<span class=\"_ _22a\"> </span>22.3</span></span><span style=\"display:inherit;clear:left;\">more than 5 years<span class=\"_ _15d\"> </span><span class=\"ws0\">332.3<span class=\"_ _fb\"> </span>375.9<span class=\"_ _57\"> </span>81.9<span class=\"_ _e8\"> </span>80.8<span class=\"_ _5a\"> </span>0.0<span class=\"_ _fc\"> </span>2.5</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _165\"> </span>940.3<span class=\"_ _82\"> </span>1,164.4<span class=\"_ _87\"> </span>148.2<span class=\"_ _124\"> </span>134.1<span class=\"_ _66\"> </span>26.6<span class=\"_ _e8\"> </span>32.2</span><span style=\"display:inherit;clear:left;\">Buildings and land</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">less than 12 months<span class=\"_ _2fa\"> </span><span class=\"ws0\">0.3<span class=\"_ _1cf\"> </span>0.3</span></span><span style=\"display:inherit;clear:left;\">13\u201324 months<span class=\"_ _2fb\"> </span><span class=\"ws0\">0.3<span class=\"_ _1cf\"> </span>0.3</span></span><span style=\"display:inherit;clear:left;\">25\u201336 months<span class=\"_ _2fc\"> </span><span class=\"ws0\">0.0<span class=\"_ _1cf\"> </span>0.3</span></span><span style=\"display:inherit;clear:left;\">37\u201348 months<span class=\"_ _1da\"> </span><span class=\"ws0\">0.0<span class=\"_ _182\"> </span>0.0</span></span><span style=\"display:inherit;clear:left;\">49\u201360 months<span class=\"_ _1cb\"> </span><span class=\"ws0\">0.0<span class=\"_ _295\"> </span>0.0</span></span><span style=\"display:inherit;clear:left;\">more than 60 months<span class=\"_ _2fd\"> </span><span class=\"ws0\">0.1<span class=\"_ _50\"> </span>0.1</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _296\"> </span>0.8<span class=\"_ _ed\"> </span>1.1</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Depreciation expense of right-of-use assets<span class=\"_ _2fe\"> </span><span class=\"ws0\">-177.8<span class=\"_ _232\"> </span>-177.3</span></span><span style=\"display:inherit;clear:left;\">Interest expense on lease liabilities<span class=\"_ _173\"> </span><span class=\"ws0\">-70.7<span class=\"_ _2ec\"> </span>-80.1</span></span><span style=\"display:inherit;clear:left;\">Interest income on sublease receivables<span class=\"_ _2ff\"> </span><span class=\"ws0\">0.0<span class=\"_ _50\"> </span>0.1</span></span><span style=\"display:inherit;clear:left;\">Exchange rate changes of lease liabilities<span class=\"_ _300\"> </span><span class=\"ws0\">37.0<span class=\"_ _10d\"> </span>-76.1</span></span><span style=\"display:inherit;clear:left;\">Hedging result of lease liabilities<span class=\"_ _29f\"> </span><span class=\"ws0\">-4.6<span class=\"_ _2c3\"> </span>19.1</span></span><span style=\"display:inherit;clear:left;\">Short-term wet leases<span class=\"_ _1c6\"> </span><span class=\"ws0\">-26.9<span class=\"_ _39\"> </span>-28.4</span></span><span style=\"display:inherit;clear:left;\">Short-term office rents<span class=\"_ _301\"> </span><span class=\"ws0\">-3.8<span class=\"_ _2d1\"> </span>-3.2</span></span><span style=\"display:inherit;clear:left;\">Variable purchase traffic and cargo capacity rents<span class=\"_ _302\"> </span><span class=\"ws0\">-80.3<span class=\"_ _39\"> </span>-74.0</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _303\"> </span>-327.1<span class=\"_ _66\"> </span>-419.9</span><span style=\"display:inherit;clear:left;\">Off-balance sheet lease commitments, Group as lessee</span><span style=\"display:inherit;clear:left;\">Off-balance sheet lease commitments are short-term lease agreements and other lease agreements for which </span><span style=\"display:inherit;clear:left;\">the underlying asset is of low value or contracts that do not contain a lease according to IFRS 16. Therefore, </span><span style=\"display:inherit;clear:left;\">these contracts are not recognised as right-of-use assets and lease liabilities in the balance sheet. The most </span><span style=\"display:inherit;clear:left;\">significant item in the rents for premises is the right-to-use a test cell, which is excluded from the lease liabilty </span><span style=\"display:inherit;clear:left;\">on the basis that it is not for the exclusive use of Finnair. Other rents include IT equipment leases, that are not </span><span style=\"display:inherit;clear:left;\">material.</span><span style=\"display:inherit;clear:left;\">Off-balance sheet lease receivables, Group as lessor</span><span style=\"display:inherit;clear:left;\">The Group has leased 15 owned aircraft as well as premises with irrevocable lease agreements. Additionally, </span><span style=\"display:inherit;clear:left;\">Finnair has subleased 9 aircraft classified as operating leases. These agreements have different terms of </span><span style=\"display:inherit;clear:left;\">renewal and other index-linked terms and conditions. </span><span style=\"display:inherit;clear:left;\">2.3 Depreciation and impairment</span><span style=\"display:inherit;clear:left;\">Depreciation</span><span style=\"display:inherit;clear:left;\">Depreciation of assets is determined based on their expected useful life or maintenance cycle and residual value. </span><span style=\"display:inherit;clear:left;\">Depreciation for all assets is calculated using straight-line method. Depreciation is started when the asset is available </span><span style=\"display:inherit;clear:left;\">for use. Depreciation is ceased when the asset is either classified as held for sale or derecognised. The useful life and </span><span style=\"display:inherit;clear:left;\">residual value for assets are described in more detail in the note 2.1. </span><span style=\"display:inherit;clear:left;\">Depreciation and impairment include both planned depreciations on fixed assets as well as impairment. The </span><span style=\"display:inherit;clear:left;\">depreciation of own fleet increased mainly due to nine purchased aircrafts.</span><span style=\"display:inherit;clear:left;\">An impairment of 13.7 million euro was recorded in 2023 related to lease agreements a land area and the </span><span style=\"display:inherit;clear:left;\">related building located in the airport area. The impairment was caused by low utilization of the leased property</span><span style=\"display:inherit;clear:left;\">resulting from reorganization of certain operational activities in cooperation with Nordic Regional Airlines AB. At </span><span style=\"display:inherit;clear:left;\">the end of the review period, the respective lease liability related to the property reported on the consolidated </span><span style=\"display:inherit;clear:left;\">balance sheet totalled to 13.4 million euro. </span><span style=\"display:inherit;clear:left;\">Impairment testing</span><span style=\"display:inherit;clear:left;\">Impairment testing </span><span style=\"display:inherit;clear:left;\">Finnair reviews its fleet, other fixed assets and other non-current assets for indication of impairment on each balance </span><span style=\"display:inherit;clear:left;\">sheet date. The recoverable amount of an asset or a cash generating unit is determined as the higher of value in use </span><span style=\"display:inherit;clear:left;\">and the fair value less cost to sell. An impairment loss is recognized if an asset\u2019s recoverable amount is less than its </span><span style=\"display:inherit;clear:left;\">carrying amount. </span><span style=\"display:inherit;clear:left;\">The recoverable amount is defined for the cash generating unit, and the impairment is evaluated at the cash </span><span style=\"display:inherit;clear:left;\">generating unit level. Finnair is a network carrier with highly integrated fleet operations and it considers all its fleet </span><span style=\"display:inherit;clear:left;\">(including the right-of-use fleet) and other closely related assets as one cash-generating unit. Also intangible assets </span><span style=\"display:inherit;clear:left;\">with indefinite useful life have been identified to belong to the one cash-generating unit. Assets that are either idle or </span><span style=\"display:inherit;clear:left;\">held for sale are excluded from the cash-generating unit and reviewed for impairment separately.  </span><span style=\"display:inherit;clear:left;\">Premises rents<span class=\"_ _3e\"> </span>Other rents</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _304\"> </span><span class=\"ws0\">2023<span class=\"_ _58\"> </span>2022<span class=\"_ _59\"> </span>2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">less than one year<span class=\"_ _305\"> </span><span class=\"ws0\">2.6<span class=\"_ _4b\"> </span>2.5<span class=\"_ _295\"> </span>0.9<span class=\"_ _108\"> </span>1.5</span></span><span style=\"display:inherit;clear:left;\">1\u20135 years<span class=\"_ _247\"> </span><span class=\"ws0\">4.7<span class=\"_ _4b\"> </span>5.5<span class=\"_ _56\"> </span>0.5<span class=\"_ _56\"> </span>0.9</span></span><span style=\"display:inherit;clear:left;\">more than 5 years<span class=\"_ _305\"> </span><span class=\"ws0\">7.0<span class=\"_ _2cc\"> </span>6.7<span class=\"_ _22\"> </span>-<span class=\"_ _22\"> </span>-</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _306\"> </span>14.3<span class=\"_ _2be\"> </span>14.7<span class=\"_ _2ae\"> </span>1.5<span class=\"_ _182\"> </span>2.4</span><span style=\"display:inherit;clear:left;\">Aircraft<span class=\"_ _13e\"> </span><span class=\"wse5\">Buildings and land</span></span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _304\"> </span><span class=\"ws0\">2023<span class=\"_ _58\"> </span>2022<span class=\"_ _59\"> </span>2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">less than 12 months<span class=\"_ _9c\"> </span><span class=\"ws0\">23.5<span class=\"_ _47\"> </span>23.5<span class=\"_ _2cc\"> </span>2.3<span class=\"_ _108\"> </span>2.1</span></span><span style=\"display:inherit;clear:left;\">13\u201324 months <span class=\"_ _2f6\"> </span><span class=\"ws0\">23.5<span class=\"_ _47\"> </span>23.5<span class=\"_ _2cc\"> </span>2.2<span class=\"_ _108\"> </span>2.1</span></span><span style=\"display:inherit;clear:left;\">25\u201336 months<span class=\"_ _2f6\"> </span><span class=\"ws0\">23.5<span class=\"_ _47\"> </span>23.5<span class=\"_ _f3\"> </span>1.9<span class=\"_ _108\"> </span>2.1</span></span><span style=\"display:inherit;clear:left;\">37\u201348 months<span class=\"_ _200\"> </span><span class=\"ws0\">11.3<span class=\"_ _47\"> </span>23.5<span class=\"_ _d2\"> </span>1.9<span class=\"_ _d2\"> </span>2.1</span></span><span style=\"display:inherit;clear:left;\">49\u201360 months<span class=\"_ _307\"> </span><span class=\"ws0\">3.4<span class=\"_ _297\"> </span>11.3<span class=\"_ _56\"> </span>0.8<span class=\"_ _d2\"> </span>1.8</span></span><span style=\"display:inherit;clear:left;\">more than 60 months<span class=\"_ _268\"> </span><span class=\"ws0\">0.4<span class=\"_ _5e\"> </span>3.8<span class=\"_ _182\"> </span>0.0<span class=\"_ _2cc\"> </span>2.5</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _308\"> </span>85.6<span class=\"_ _57\"> </span>109.0<span class=\"_ _2ae\"> </span>9.1<span class=\"_ _30\"> </span>12.7</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Amortisation of intangible assets<span class=\"_ _309\"> </span><span class=\"ws0\">1.0<span class=\"_ _108\"> </span>3.1</span></span><span style=\"display:inherit;clear:left;\">Depreciation of own fleet<span class=\"_ _30a\"> </span><span class=\"ws0\">139.5<span class=\"_ _149\"> </span>120.9</span></span><span style=\"display:inherit;clear:left;\">Depreciation of right-of-use fleet<span class=\"_ _30b\"> </span><span class=\"ws0\">156.9<span class=\"_ _46\"> </span>156.0</span></span><span style=\"display:inherit;clear:left;\">Depreciation of other tangible assets<span class=\"_ _30c\"> </span><span class=\"ws0\">14.3<span class=\"_ _41\"> </span>15.8</span></span><span style=\"display:inherit;clear:left;\">Depreciation of other right-of-use assets<span class=\"_ _247\"> </span><span class=\"ws0\">20.9<span class=\"_ _2d1\"> </span>21.3</span></span><span style=\"display:inherit;clear:left;\">Amortisation and depreciation<span class=\"_ _9a\"> </span><span class=\"ws0\">332.6<span class=\"_ _fc\"> </span>317.1</span></span><span style=\"display:inherit;clear:left;\">Impairment of assets<span class=\"_ _30d\"> </span><span class=\"ws0\">13.7<span class=\"_ _2be\"> </span>32.7</span></span><span style=\"display:inherit;clear:left;\">Impairment<span class=\"_ _2f\"> </span>13.7<span class=\"_ _3c\"> </span>32.7</span><span style=\"display:inherit;clear:left;\">Total <span class=\"_ _30e\"> </span>346.2<span class=\"_ _22a\"> </span>349.8</span><span style=\"display:inherit;clear:left;\">Total depreciation and impairment in income statement<span class=\"_ _30f\"> </span><span class=\"ws0\">346.2<span class=\"_ _22a\"> </span>349.8</span></span><span style=\"display:inherit;clear:left;\">Calculation of the recoverable amount</span><span style=\"display:inherit;clear:left;\">Finnair applies the value in use model as its primary method for determining the recoverable amount of the assets. </span><span style=\"display:inherit;clear:left;\">The value in use measurement is based on a discounted cash flow model where the cash flow projections are </span><span style=\"display:inherit;clear:left;\">based on Finnair\u2019s strategy approved by the Board of Directors and a management forecast covering a five-year </span><span style=\"display:inherit;clear:left;\">period. The cash flow projections beyond the five-year period are based on the management\u2019s long-term growth </span><span style=\"display:inherit;clear:left;\">assumptions. Preparation of the calculations used for impairment testing requires the use of significant management </span><span style=\"display:inherit;clear:left;\">judgement and estimates, which is why the actual outcome may differ from the current management estimates and </span><span style=\"display:inherit;clear:left;\">assumptions made. </span><span style=\"display:inherit;clear:left;\">Finnair has not identified indications of possible impairment in connection with the preparation of its 2023 </span><span style=\"display:inherit;clear:left;\">consolidated financial statements. As part of Finnair\u2019s internal process, in addition to the evaluation of separate </span><span style=\"display:inherit;clear:left;\">impairment indicators, Finnair\u2019s management prepares an annual impairment test which indicated no need </span><span style=\"display:inherit;clear:left;\">for impairment. In impairment testing, a possible change in any single key assumption would not result in an </span><span style=\"display:inherit;clear:left;\">impairment.</span><span style=\"display:inherit;clear:left;\">In 2022, Finnair still considered the adverse economic and business implications relating to the COVID-19 </span><span style=\"display:inherit;clear:left;\">pandemic and the closure of the Russian airspace as indications of possible impairment. Based on the </span><span style=\"display:inherit;clear:left;\">impairment test performed as at the end of 2022, the recoverable amount of the CGU (2,059.2 million euros) </span><span style=\"display:inherit;clear:left;\">exceeded the carrying value of the assets (1 ,635.0 million euros). The post-tax discount rate based on weighted </span><span style=\"display:inherit;clear:left;\">average cost of capital was 8.5% and pre-tax discount rate 9,9%. In order to consider the hightened uncertainty, </span><span style=\"display:inherit;clear:left;\">Finnair applied the expected cash flow approach which considered three forecast scenarios for which the </span><span style=\"display:inherit;clear:left;\">management had assigned different probabilities. The impairment testing and its assumptions are described in </span><span style=\"display:inherit;clear:left;\">more detail in the consolidated financial statements 2022.</span><span style=\"display:inherit;clear:left;\">3 Capital structure and financing costs</span><span style=\"display:inherit;clear:left;\">3.1 Financial income and expenses</span><span style=\"display:inherit;clear:left;\">The notes related to financial assets, liabilities and equity have been gathered into the capital structure and </span><span style=\"display:inherit;clear:left;\">financing costs-section in order to give a better overview of the Group\u2019s financial position. The note \u00b4Earnings </span><span style=\"display:inherit;clear:left;\">per share\u00b4 has been added to the equity section.</span><span style=\"display:inherit;clear:left;\">Interest income and expenses</span><span style=\"display:inherit;clear:left;\">Interest income and expenses are recognised on a time-proportion basis using the effective interest method. Interest </span><span style=\"display:inherit;clear:left;\">expenses related to the financing of significant investments are capitalised as part of the asset acquisition cost and </span><span style=\"display:inherit;clear:left;\">depreciated over the useful life of the asset.</span><span style=\"display:inherit;clear:left;\">More detailed information about financial assets can be found in note 3.2 and about interest bearing liabilities in </span><span style=\"display:inherit;clear:left;\">note  3.3. </span><span style=\"display:inherit;clear:left;\">In the effectiveness testing of the Group\u2019s hedge accounting, both cash flow and fair value hedging were found </span><span style=\"display:inherit;clear:left;\">to be effective at year end 2023. Thus, as in the comparison year 2022, no inefficiency is included in the financial </span><span style=\"display:inherit;clear:left;\">items for 2023. Financial income and expenses include an identical amount of profit and loss for fair value </span><span style=\"display:inherit;clear:left;\">hedging instruments and for hedged items resulting from the hedged risk.</span><span style=\"display:inherit;clear:left;\">In 2023, foreign exchange gains and losses recognised in financial expenses consist of a net realised </span><span style=\"display:inherit;clear:left;\">exchange loss of 1.1 million euro and a net unrealised exchange gain of 14.8 million euro which were mostly </span><span style=\"display:inherit;clear:left;\">caused by strenghtening of US dollar relative to euro. During the year 2023, 3.0 million euros of interest expense </span><span style=\"display:inherit;clear:left;\">was capitalised in connection with the A350 investment program (1.8). More information about the capitalised </span><span style=\"display:inherit;clear:left;\">interest can be found in note 2.1 Fleet and other fixed assets.</span><span style=\"display:inherit;clear:left;\">Other financial expenses include for example guarantee fees as well as interest and penalties related to </span><span style=\"display:inherit;clear:left;\">taxes.</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Interest income on leases <span class=\"_ _310\"> </span><span class=\"ws0\">0.0<span class=\"_ _50\"> </span>0.1</span></span><span style=\"display:inherit;clear:left;\">Gains on investment instruments held at FVPL<span class=\"_ _200\"> </span><span class=\"ws0\">38.0<span class=\"_ _107\"> </span>3.7</span></span><span style=\"display:inherit;clear:left;\">Interest from assets held at amortised cost<span class=\"_ _311\"> </span><span class=\"ws0\">14.7<span class=\"_ _107\"> </span>2.7</span></span><span style=\"display:inherit;clear:left;\">Other interest income<span class=\"_ _208\"> </span><span class=\"ws0\">0.0<span class=\"_ _182\"> </span>0.0</span></span><span style=\"display:inherit;clear:left;\">Other financial income<span class=\"_ _2ac\"> </span><span class=\"ws0\">3.4<span class=\"_ _50\"> </span>0.1</span></span><span style=\"display:inherit;clear:left;\">Dividend income<span class=\"_ _312\"> </span><span class=\"ws0\">0.0<span class=\"_ _182\"> </span>0.0</span></span><span style=\"display:inherit;clear:left;\">Financial income total<span class=\"_ _313\"> </span><span class=\"ws0\">56.2<span class=\"_ _295\"> </span>6.5</span></span><span style=\"display:inherit;clear:left;\">Interest on leases<span class=\"_ _21\"> </span><span class=\"ws0\">-70.7<span class=\"_ _2ec\"> </span>-80.1</span></span><span style=\"display:inherit;clear:left;\">Other financial expenses<span class=\"_ _27\"> </span><span class=\"ws0\">-25.4<span class=\"_ _10a\"> </span>-29.7</span></span><span style=\"display:inherit;clear:left;\">Interest expenses for liabilities measured at amortised cost<span class=\"_ _314\"> </span><span class=\"ws0\">-46.0<span class=\"_ _e1\"> </span>-28.1</span></span><span style=\"display:inherit;clear:left;\">Financial expenses total<span class=\"_ _315\"> </span><span class=\"ws0\">-142.2<span class=\"_ _204\"> </span>-137.9</span></span><span style=\"display:inherit;clear:left;\">Foreign exchange gains and losses<span class=\"_ _316\"> </span><span class=\"ws0\">13.7<span class=\"_ _39\"> </span>-38.8</span></span><span style=\"display:inherit;clear:left;\">Financial expenses, net<span class=\"_ _2e3\"> </span><span class=\"ws0\">-72.3<span class=\"_ _20d\"> </span>-170.2</span></span><span style=\"display:inherit;clear:left;\">3.2 Financial assets</span><span style=\"display:inherit;clear:left;\">Financial assets</span><span style=\"display:inherit;clear:left;\">In the Group, financial assets have been classified into the following categories according to the IFRS 9 standard </span><span style=\"display:inherit;clear:left;\">\u201cFinancial Instruments\u201d: amortised cost and fair value through profit and loss. The classification is made at the time of </span><span style=\"display:inherit;clear:left;\">the original acquisition based on the objective of the business model and the characteristics of contractual cash flows </span><span style=\"display:inherit;clear:left;\">of the investment, or by applying a fair value option. All purchases and sales of financial assets are recognised on the </span><span style=\"display:inherit;clear:left;\">trade date. </span><span style=\"display:inherit;clear:left;\">Financial assets at fair value through profit and loss include such assets as investments in bonds and money market </span><span style=\"display:inherit;clear:left;\">funds. Financial assets at fair value through profit and loss have mainly been acquired to obtain a gain from short-</span><span style=\"display:inherit;clear:left;\">term changes in market prices. All those derivatives that do not fulfil the conditions for the application of hedge </span><span style=\"display:inherit;clear:left;\">accounting are classified as financial assets at fair value through profit and loss and are valued at fair value in each </span><span style=\"display:inherit;clear:left;\">financial statement. Realised and unrealised gains and losses arising from changes in fair value are recognised in the </span><span style=\"display:inherit;clear:left;\">income statement in the period in which they arise. Financial assets recognised at fair value through profit and loss, as </span><span style=\"display:inherit;clear:left;\">well as those maturing within 12 months, are included in current assets. </span><span style=\"display:inherit;clear:left;\">In Finnair Group, unquoted shares are valued at their acquisition price in the absence of a reliable fair value. </span><span style=\"display:inherit;clear:left;\">Investments in debt securities are measured at amortised cost, but only when the objective of the business model is </span><span style=\"display:inherit;clear:left;\">to hold the asset to collect the contractual cash flows and the asset\u2019s contractual cash flows represent only payments </span><span style=\"display:inherit;clear:left;\">of principal and interest. Financial assets recognised at amortised cost are valued using the effective interest method. </span><span style=\"display:inherit;clear:left;\">Financial assets valued at amortised cost include trade receivables and security deposits for aircraft operating lease </span><span style=\"display:inherit;clear:left;\">agreements. Due to the nature of short-term receivables and other receivables, their book value is expected to be </span><span style=\"display:inherit;clear:left;\">equal to the fair value.</span><span style=\"display:inherit;clear:left;\">Derecognition of financial assets takes place when the Group has lost its contractual right to receive cash flows or </span><span style=\"display:inherit;clear:left;\">when it has substantially transferred the risks and rewards outside the Group.</span><span style=\"display:inherit;clear:left;\">Impairment of financial assets</span><span style=\"display:inherit;clear:left;\">Finnair Group recognises impairment provisions based on lifetime expected credit losses from trade receivables </span><span style=\"display:inherit;clear:left;\">in accordance with IFRS 9. Finnair has chosen to apply a simplified credit loss matrix for trade receivables as trade </span><span style=\"display:inherit;clear:left;\">receivables do not have a significant financing component. Accordingly, the credit loss allowance is measured at an </span><span style=\"display:inherit;clear:left;\">amount equal to the lifetime expected credit losses. The expected credit loss model is forward-looking, and expected </span><span style=\"display:inherit;clear:left;\">default rates are based on historical realised credit losses. The lifetime expected credit loss allowance is calculated </span><span style=\"display:inherit;clear:left;\">using the gross carrying amount of outstanding trade receivables in each aging bucket and an expected default rate. </span><span style=\"display:inherit;clear:left;\">The changes in expected credit losses are recognised in other expenses in the consolidated income statement. More </span><span style=\"display:inherit;clear:left;\">information on the credit loss provision on trade receivables can be found in note 1.2.3. Receivables related to revenue.</span><span style=\"display:inherit;clear:left;\">The impairment model does not apply to financial investments, such as bonds and money market funds, included </span><span style=\"display:inherit;clear:left;\">in other financial assets as those are measured at fair value through profit and loss under IFRS 9, which already </span><span style=\"display:inherit;clear:left;\">takes into account expected credit losses. With respect to the assets measured at amortised cost, Finnair is actively </span><span style=\"display:inherit;clear:left;\">following such instruments and will recognise impairment through profit and loss if there is evidence of deterioration in </span><span style=\"display:inherit;clear:left;\">credit quality.</span><span style=\"display:inherit;clear:left;\">Cash and cash equivalents</span><span style=\"display:inherit;clear:left;\">Cash and cash equivalents consist of cash reserves and short-term bank deposits with maturity of less than three </span><span style=\"display:inherit;clear:left;\">months. Foreign exchange-denominated items have been converted to euro using the mid-market exchange rates on </span><span style=\"display:inherit;clear:left;\">the closing date.</span><span style=\"display:inherit;clear:left;\">3.2.1 Other current financial assets</span><span style=\"display:inherit;clear:left;\">As of 31 December 2023, investments in instruments issued by unrated counterparties mostly include investments</span><span style=\"display:inherit;clear:left;\">in money market funds (EUR 723.4 million euro).</span><span style=\"display:inherit;clear:left;\">The Group\u2019s financial asset investments and risk management policy are described in more detail in Note 3.5 </span><span style=\"display:inherit;clear:left;\">Management of financial risks. The IFRS classifications and fair values of the financial assets are presented in </span><span style=\"display:inherit;clear:left;\">Note 3.6 Classification of financial assets and liabilities.</span><span style=\"display:inherit;clear:left;\">3.2.2 Cash and cash equivalents</span><span style=\"display:inherit;clear:left;\">The items include cash and bank deposits realised on demand. Foreign currency cash and bank deposits have </span><span style=\"display:inherit;clear:left;\">been valued using the closing date mid-market exchange rates. The reconciliation of cash and cash equivalents</span><span style=\"display:inherit;clear:left;\">is illustrated in the notes of the consolidated cash flow statement.</span><span style=\"display:inherit;clear:left;\">3.3 Financial liabilities</span><span style=\"display:inherit;clear:left;\">   Financial liabilities</span><span style=\"display:inherit;clear:left;\">Finnair Group\u2019s financial liabilities are classified into two different classes: amortised cost and fair value through profit </span><span style=\"display:inherit;clear:left;\">and loss. Financial liabilities are initially recognised at fair value on the basis of the original consideration received. </span><span style=\"display:inherit;clear:left;\">Transaction costs have been included in the original book value of financial liabilities. Thereafter, all non-derivative </span><span style=\"display:inherit;clear:left;\">financial liabilities are valued at amortised cost using the effective interest method. Financial liabilities are included </span><span style=\"display:inherit;clear:left;\">in long- and short-term liabilities, and they can be interest-bearing or non-interest-bearing. Loans that are due for </span><span style=\"display:inherit;clear:left;\">payment within 12 months are presented in the short-term liabilities. Foreign currency loans are valued at the mid-</span><span style=\"display:inherit;clear:left;\">market exchange rate on the closing date, and translation differences are recognised in the financial items.</span><span style=\"display:inherit;clear:left;\">Accounts payable are initially recognised at fair value and subsequently measured at amortised cost using the </span><span style=\"display:inherit;clear:left;\">effective interest method.</span><span style=\"display:inherit;clear:left;\">Derecognition of financial liabilities takes place when the Group has fulfilled the contractual obligations. </span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Commercial paper, certificates and bonds<span class=\"_ _317\"> </span><span class=\"ws0\">53.4<span class=\"_ _47\"> </span>47.8</span></span><span style=\"display:inherit;clear:left;\">Money market funds<span class=\"_ _318\"> </span><span class=\"ws0\">723.4<span class=\"_ _59\"> </span>690.8</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _319\"> </span>776.8<span class=\"_ _57\"> </span>738.6</span><span style=\"display:inherit;clear:left;\">Ratings of counterparties</span><span style=\"display:inherit;clear:left;\">Better than A</span><span style=\"display:inherit;clear:left;\">A<span class=\"_ _31a\"> </span>-<span class=\"_ _2c3\"> </span>11.0</span><span style=\"display:inherit;clear:left;\">BBB<span class=\"_ _1c2\"> </span>21.7<span class=\"_ _41\"> </span>12.0</span><span style=\"display:inherit;clear:left;\">BB<span class=\"_ _31b\"> </span>3.9<span class=\"_ _1cf\"> </span>2.0</span><span style=\"display:inherit;clear:left;\">Unrated<span class=\"_ _31c\"> </span>751.2<span class=\"_ _2ec\"> </span>713.7</span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _319\"> </span>776.8<span class=\"_ _57\"> </span>738.6</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Cash and bank deposits<span class=\"_ _31d\"> </span><span class=\"ws0\">145.1<span class=\"_ _c1\"> </span>785.8</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _289\"> </span>145.1<span class=\"_ _f7\"> </span>785.8</span><span style=\"display:inherit;clear:left;\">Non-current liabilities</span><span style=\"display:inherit;clear:left;\">Finnair\u2019s interest-bearing liabilies decreased during the financial year 2023. Most significant financing </span><span style=\"display:inherit;clear:left;\">transactions affecting interest-bearing liabilities during 2023 were the repayments of the pension premium loan </span><span style=\"display:inherit;clear:left;\">of 100 million euro during June 2023 and 220 million euro during December 2023. Non-interest-bearing liabilities </span><span style=\"display:inherit;clear:left;\">mainly include leases and maintenance reserves related to the aircraft leased to other airlines.</span><span style=\"display:inherit;clear:left;\">The Group\u2019s JOLCO loans and other include the JOLCO loans (Japanese Operating Lease with Call </span><span style=\"display:inherit;clear:left;\">Option) for three A350 aircraft and export credit support for one A350 aircraft. Export credit support is a </span><span style=\"display:inherit;clear:left;\">debt arrangement to finance aircraft. The transactions are treated as loans and owned aircraft in Finnair\u2019s </span><span style=\"display:inherit;clear:left;\">accounting. Non-interest-bearing liabilities mainly include leases and maintenance reserves related to the </span><span style=\"display:inherit;clear:left;\">aircraft leased to other airlines.</span><span style=\"display:inherit;clear:left;\">Current interest-bearing liabilities</span><span style=\"display:inherit;clear:left;\">JOLCO loans and other include the JOLCO loans (Japanese Operating Lease with Call Option) for three A350 </span><span style=\"display:inherit;clear:left;\">aircraft and export credit support for one A350 aircraft. The transactions are treated as loans and owned </span><span style=\"display:inherit;clear:left;\">aircraft in Finnair\u2019s accounting.</span><span style=\"display:inherit;clear:left;\">Fair values of interest-bearing liabilities (excluding lease liabilities) have been calculated by discounting the </span><span style=\"display:inherit;clear:left;\">expected cash flows using the market interest rate and company\u2019s credit risk premium at the reporting date. </span><span style=\"display:inherit;clear:left;\">Fair value of bonds has been calculated by using the quoted price of reporting date (97.2).</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Loans from financial institutions, non-current<span class=\"_ _31e\"> </span><span class=\"ws0\">199.8<span class=\"_ _232\"> </span>399.2</span></span><span style=\"display:inherit;clear:left;\">JOLCO loans and other<span class=\"_ _31d\"> </span><span class=\"ws0\">209.2<span class=\"_ _39\"> </span>261.3</span></span><span style=\"display:inherit;clear:left;\">Bonds<span class=\"_ _31f\"> </span>381.3<span class=\"_ _c1\"> </span>397.9</span><span style=\"display:inherit;clear:left;\">Lease liabilities<span class=\"_ _320\"> </span><span class=\"ws0\">951.0<span class=\"_ _189\"> </span>1,128.0</span></span><span style=\"display:inherit;clear:left;\">Interest-bearing liabilities total<span class=\"_ _316\"> </span><span class=\"ws0\">1,741.3<span class=\"_ _77\"> </span>2,186.4</span></span><span style=\"display:inherit;clear:left;\">Non-interest-bearing liabilities<span class=\"_ _321\"> </span><span class=\"ws0\">6.9<span class=\"_ _295\"> </span>6.3</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _322\"> </span>1,748.1<span class=\"_ _c0\"> </span>2,192.7</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Loans from financial institutions, current<span class=\"_ _323\"> </span><span class=\"ws0\">80.0<span class=\"_ _46\"> </span>199.6</span></span><span style=\"display:inherit;clear:left;\">JOLCO loans and other<span class=\"_ _ad\"> </span><span class=\"ws0\">40.4<span class=\"_ _10c\"> </span>40.4</span></span><span style=\"display:inherit;clear:left;\">Lease liabilities<span class=\"_ _320\"> </span><span class=\"ws0\">164.0<span class=\"_ _c1\"> </span>202.7</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _284\"> </span>284.3<span class=\"_ _58\"> </span>442.7</span><span style=\"display:inherit;clear:left;\">Fair value<span class=\"_ _167\"> </span>Book value</span><span style=\"display:inherit;clear:left;\">Interest-bearing liabilities, EUR in millions<span class=\"_ _40\"> </span> 2023<span class=\"_ _226\"> </span> 2022<span class=\"_ _226\"> </span> 2023<span class=\"_ _59\"> </span><span class=\"ws0\">2022</span></span><span style=\"display:inherit;clear:left;\">Lease liabilities<span class=\"_ _1a2\"> </span><span class=\"ws0\">1115.0<span class=\"_ _226\"> </span>1330.7<span class=\"_ _f1\"> </span>1115.0<span class=\"_ _20d\"> </span>1330.7</span></span><span style=\"display:inherit;clear:left;\">Loans from financial institutions<span class=\"_ _19e\"> </span><span class=\"ws0\">272.1<span class=\"_ _39\"> </span>512.9<span class=\"_ _149\"> </span>279.7<span class=\"_ _f1\"> </span>598.8</span></span><span style=\"display:inherit;clear:left;\">Bonds<span class=\"_ _2c5\"> </span>371.9<span class=\"_ _f7\"> </span>298.0<span class=\"_ _39\"> </span>381.3<span class=\"_ _e9\"> </span>397.9</span><span style=\"display:inherit;clear:left;\">JOLCO loans and other<span class=\"_ _324\"> </span><span class=\"ws0\">231.9<span class=\"_ _fc\"> </span>217.3<span class=\"_ _232\"> </span>249.5<span class=\"_ _46\"> </span>301.8</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _325\"> </span>1,990.9<span class=\"_ _129\"> </span>2,358.9<span class=\"_ _1fa\"> </span>2,025.6<span class=\"_ _b7\"> </span>2,629.2</span><span style=\"display:inherit;clear:left;\">Maturity dates of interest-bearing financial </span><span style=\"display:inherit;clear:left;\">liabilities 31 Dec 2023 EUR mill.<span class=\"_ _95\"> </span><span class=\"ws0\">2024<span class=\"_ _114\"> </span>2025<span class=\"_ _113\"> </span>2026<span class=\"_ _11c\"> </span>2027<span class=\"_ _d8\"> </span>2028<span class=\"_ _1ef\"> </span>Later<span class=\"_ _19\"> </span>Total</span></span><span style=\"display:inherit;clear:left;\">JOLCO loans and other, fixed interest<span class=\"_ _2b4\"> </span><span class=\"ws0\">-<span class=\"_ _32a\"> </span>23.4<span class=\"_ _106\"> </span>11.7<span class=\"_ _b9\"> </span>-<span class=\"_ _12f\"> </span>-<span class=\"_ _12f\"> </span>-<span class=\"_ _6c\"> </span>35.1</span></span><span style=\"display:inherit;clear:left;\">JOLCO loans and other, variable interest<span class=\"_ _2bb\"> </span><span class=\"ws0\">40.4<span class=\"_ _bd\"> </span>85.9<span class=\"_ _be\"> </span>31.9<span class=\"_ _18\"> </span>10.0<span class=\"_ _32b\"> </span>10.1<span class=\"_ _32a\"> </span>39.3<span class=\"_ _32c\"> </span>217.5</span></span><span style=\"display:inherit;clear:left;\">Loans from financial institutions, variable interest<span class=\"_ _70\"> </span><span class=\"ws0\">80.0<span class=\"_ _114\"> </span>200.0<span class=\"_ _12f\"> </span>-<span class=\"_ _12f\"> </span>-<span class=\"_ _12f\"> </span>-<span class=\"_ _12f\"> </span>-<span class=\"_ _7a\"> </span>280.0</span></span><span style=\"display:inherit;clear:left;\">Bonds, fixed interest<span class=\"_ _32d\"> </span><span class=\"ws0\">-<span class=\"_ _e\"> </span>382.5<span class=\"_ _b9\"> </span>-<span class=\"_ _12f\"> </span>-<span class=\"_ _12f\"> </span>-<span class=\"_ _12f\"> </span>-<span class=\"_ _e\"> </span>382.5</span></span><span style=\"display:inherit;clear:left;\">Lease liabilities, fixed interest<span class=\"_ _1ea\"> </span><span class=\"ws0\">127.6<span class=\"_ _bc\"> </span>131.9<span class=\"_ _11d\"> </span>101.8<span class=\"_ _32a\"> </span>89.7<span class=\"_ _bd\"> </span>68.5<span class=\"_ _36\"> </span>329.0<span class=\"_ _36\"> </span>848.5</span></span><span style=\"display:inherit;clear:left;\">Lease liabilities, variable interest<span class=\"_ _186\"> </span><span class=\"ws0\">36.4<span class=\"_ _bd\"> </span>36.4<span class=\"_ _bd\"> </span>35.9<span class=\"_ _79\"> </span>37.7<span class=\"_ _122\"> </span>35.0<span class=\"_ _32a\"> </span>85.2<span class=\"_ _6a\"> </span>266.5</span></span><span style=\"display:inherit;clear:left;\">Interest-bearing financial liabilities total<span class=\"_ _e1\"> </span><span class=\"ws0\">284.4<span class=\"_ _36\"> </span>860.1<span class=\"_ _32e\"> </span>181.2<span class=\"_ _32f\"> </span>137.3<span class=\"_ _32c\"> </span>113.7<span class=\"_ _113\"> </span>453.4<span class=\"_ _1e\"> </span>2,030.1</span></span><span style=\"display:inherit;clear:left;\">Payments from currency derivatives<span class=\"_ _19c\"> </span><span class=\"ws0\">872.4<span class=\"_ _bb\"> </span>2.3<span class=\"_ _26e\"> </span>2.7<span class=\"_ _12f\"> </span>-<span class=\"_ _b3\"> </span>1.7<span class=\"_ _12f\"> </span>-<span class=\"_ _32e\"> </span>879.1</span></span><span style=\"display:inherit;clear:left;\">Income from currency derivatives<span class=\"_ _35\"> </span><span class=\"ws0\">-864.9<span class=\"_ _12f\"> </span>-<span class=\"_ _12f\"> </span>-<span class=\"_ _12f\"> </span>-<span class=\"_ _12f\"> </span>-<span class=\"_ _12f\"> </span>-<span class=\"_ _1ef\"> </span>-864.9</span></span><span style=\"display:inherit;clear:left;\">Commodity derivatives<span class=\"_ _330\"> </span><span class=\"ws0\">15.8<span class=\"_ _78\"> </span>1.5<span class=\"_ _12f\"> </span>-<span class=\"_ _b9\"> </span>-<span class=\"_ _12f\"> </span>-<span class=\"_ _12f\"> </span>-<span class=\"_ _26f\"> </span>17.4</span></span><span style=\"display:inherit;clear:left;\">Trade payables and other liabilities<span class=\"_ _141\"> </span><span class=\"ws0\">274.1<span class=\"_ _12f\"> </span>-<span class=\"_ _12f\"> </span>-<span class=\"_ _12f\"> </span>-<span class=\"_ _12f\"> </span>-<span class=\"_ _12f\"> </span>-<span class=\"_ _270\"> </span>274.1</span></span><span style=\"display:inherit;clear:left;\">Interest payments<span class=\"_ _139\"> </span><span class=\"ws0\">96.8<span class=\"_ _137\"> </span>73.2<span class=\"_ _be\"> </span>45.1<span class=\"_ _bd\"> </span>34.6<span class=\"_ _18\"> </span>27.6<span class=\"_ _79\"> </span>84.1<span class=\"_ _32e\"> </span>361.3</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _331\"> </span>678.5<span class=\"_ _11c\"> </span>937.2<span class=\"_ _e\"> </span>229.1<span class=\"_ _32c\"> </span>171.9<span class=\"_ _6a\"> </span>142.9<span class=\"_ _36\"> </span>537.5<span class=\"_ _2f1\"> </span>2,697.0</span><span style=\"display:inherit;clear:left;\">Short-</span><span style=\"display:inherit;clear:left;\">Long-</span><span style=\"display:inherit;clear:left;\">Short-term </span><span style=\"display:inherit;clear:left;\">Long-term </span><span style=\"display:inherit;clear:left;\">term lease </span><span style=\"display:inherit;clear:left;\">term lease </span><span style=\"display:inherit;clear:left;\">borrowings</span><span style=\"display:inherit;clear:left;\">borrowings</span><span style=\"display:inherit;clear:left;\">liabilities</span><span style=\"display:inherit;clear:left;\">liabilities<span class=\"_ _226\"> </span>Total</span><span style=\"display:inherit;clear:left;\">Total liabilities from financing </span><span style=\"display:inherit;clear:left;\">activities, 1 January 2022<span class=\"_ _a2\"> </span><span class=\"ws0\">441.7<span class=\"_ _58\"> </span>986.2<span class=\"_ _eb\"> </span>176.9<span class=\"_ _21a\"> </span>1,204.1<span class=\"_ _12f\"> </span>2,808.9</span></span><span style=\"display:inherit;clear:left;\">Repayments<span class=\"_ _2d7\"> </span>-144.0<span class=\"_ _22\"> </span>-<span class=\"_ _58\"> </span>-193.4<span class=\"_ _22\"> </span>-<span class=\"_ _204\"> </span>-337.4</span><span style=\"display:inherit;clear:left;\">Additions<span class=\"_ _1ae\"> </span>-<span class=\"_ _22\"> </span>-<span class=\"_ _5e\"> </span>3.9<span class=\"_ _3c\"> </span>69.2<span class=\"_ _329\"> </span>73.1</span><span style=\"display:inherit;clear:left;\">Decreases<span class=\"_ _25c\"> </span>-<span class=\"_ _2e1\"> </span>-<span class=\"_ _22\"> </span>-<span class=\"_ _329\"> </span>-5.7<span class=\"_ _3b\"> </span>-5.7</span><span style=\"display:inherit;clear:left;\">Foreign exchange adjustments<span class=\"_ _a6\"> </span><span class=\"ws0\">-<span class=\"_ _41\"> </span>14.4<span class=\"_ _f3\"> </span>9.1<span class=\"_ _3c\"> </span>66.5<span class=\"_ _e1\"> </span>90.0</span></span><span style=\"display:inherit;clear:left;\">Reclassification between short-</span><span style=\"display:inherit;clear:left;\">term and long-term liabilities<span class=\"_ _9d\"> </span><span class=\"ws0\">-57.2<span class=\"_ _2be\"> </span>57.2<span class=\"_ _149\"> </span>206.1<span class=\"_ _b5\"> </span>-206.1<span class=\"_ _295\"> </span>0.0</span></span><span style=\"display:inherit;clear:left;\">Other non-cash movements<span class=\"_ _127\"> </span><span class=\"ws0\">-<span class=\"_ _56\"> </span>0.6<span class=\"_ _2e1\"> </span>-<span class=\"_ _22\"> </span>-<span class=\"_ _51\"> </span>0.2</span></span><span style=\"display:inherit;clear:left;\">Total liabilities from financing </span><span style=\"display:inherit;clear:left;\">activities, 31 December 2022<span class=\"_ _b0\"> </span><span class=\"ws0\">240.0<span class=\"_ _104\"> </span>1,058.4<span class=\"_ _59\"> </span>202.7<span class=\"_ _21a\"> </span>1,128.0<span class=\"_ _fb\"> </span>2,629.1</span></span><span style=\"display:inherit;clear:left;\">Short-</span><span style=\"display:inherit;clear:left;\">Long-</span><span style=\"display:inherit;clear:left;\">Short-term </span><span style=\"display:inherit;clear:left;\">Long-term </span><span style=\"display:inherit;clear:left;\">term lease </span><span style=\"display:inherit;clear:left;\">term lease </span><span style=\"display:inherit;clear:left;\">borrowings</span><span style=\"display:inherit;clear:left;\">borrowings</span><span style=\"display:inherit;clear:left;\">liabilities</span><span style=\"display:inherit;clear:left;\">liabilities<span class=\"_ _226\"> </span>Total</span><span style=\"display:inherit;clear:left;\">Total liabilities from financing </span><span style=\"display:inherit;clear:left;\">activities, 1 January 2023<span class=\"_ _326\"> </span><span class=\"ws0\">240.0<span class=\"_ _104\"> </span>1,058.4<span class=\"_ _59\"> </span>202.7<span class=\"_ _21a\"> </span>1,128.0<span class=\"_ _77\"> </span>2,629.1</span></span><span style=\"display:inherit;clear:left;\">Repayments<span class=\"_ _327\"> </span>-239.8<span class=\"_ _f7\"> </span>-137.5<span class=\"_ _c1\"> </span>-198.1<span class=\"_ _22\"> </span>-<span class=\"_ _204\"> </span>-575.5</span><span style=\"display:inherit;clear:left;\">Acquisitions<span class=\"_ _328\"> </span>-<span class=\"_ _2e1\"> </span>-<span class=\"_ _108\"> </span>3.1<span class=\"_ _d4\"> </span>73.1<span class=\"_ _10b\"> </span>76.1</span><span style=\"display:inherit;clear:left;\">Decreases<span class=\"_ _25c\"> </span>-<span class=\"_ _2e1\"> </span>-<span class=\"_ _22\"> </span>-<span class=\"_ _5a\"> </span>-56.9<span class=\"_ _39\"> </span>-56.9</span><span style=\"display:inherit;clear:left;\">Foreign exchange adjustments<span class=\"_ _a6\"> </span><span class=\"ws0\">-<span class=\"_ _e1\"> </span>-12.4<span class=\"_ _d4\"> </span>-5.7<span class=\"_ _2ec\"> </span>-31.0<span class=\"_ _fd\"> </span>-49.1</span></span><span style=\"display:inherit;clear:left;\">Reclassification between short-</span><span style=\"display:inherit;clear:left;\">term and long-term liabilities<span class=\"_ _97\"> </span><span class=\"ws0\">120.0<span class=\"_ _b5\"> </span>-120.0<span class=\"_ _fd\"> </span>162.1<span class=\"_ _e9\"> </span>-162.1<span class=\"_ _182\"> </span>0.0</span></span><span style=\"display:inherit;clear:left;\">Other non-cash movements<span class=\"_ _6d\"> </span><span class=\"ws0\">0.1<span class=\"_ _109\"> </span>1.7<span class=\"_ _22\"> </span>-<span class=\"_ _2e1\"> </span>-<span class=\"_ _d2\"> </span>1.8</span></span><span style=\"display:inherit;clear:left;\">Total liabilities from financing </span><span style=\"display:inherit;clear:left;\">activities, 31 December 2023<span class=\"_ _259\"> </span><span class=\"ws0\">120.3<span class=\"_ _59\"> </span>790.2<span class=\"_ _f7\"> </span>164.0<span class=\"_ _bf\"> </span>951.1<span class=\"_ _68\"> </span>2,025.6</span></span><span style=\"display:inherit;clear:left;\">The interest rate re-fixing period is three months for variable interest loans and for variable interest lease </span><span style=\"display:inherit;clear:left;\">liabilities. The bonds maturing do not include the amortised cost of 1.2 million paid in 2021 and due on 2025. </span><span style=\"display:inherit;clear:left;\">JOLCO loans do not include the amortised cost of 3.1 million euros paid on 2016 and due in 2025 and loans from </span><span style=\"display:inherit;clear:left;\">financial institutions do not include 0.3 million euros paid as an arrangement fee from the pension premium loan </span><span style=\"display:inherit;clear:left;\">in 2022. Therefore, the total amount of interest-bearing financial liabilities differs from the book value by the </span><span style=\"display:inherit;clear:left;\">amount equal to the amortised costs. Finnair has repaid 320 million euro of the pension premium loan during </span><span style=\"display:inherit;clear:left;\">2023. The remaining loan amount is 280 million euros and has an amortization schedule of one 80 million euro </span><span style=\"display:inherit;clear:left;\">and one 200 million euro instalments. The first instalment of 80 million euro is due during the second quarter of </span><span style=\"display:inherit;clear:left;\">2024 and the second one of 200 million euro is due during the second quarter of 2025.</span><span style=\"display:inherit;clear:left;\">The minimum lease payments, discount values and present values of lease liabilities are presented in note 2.2 </span><span style=\"display:inherit;clear:left;\">Leasing arrangements.</span><span style=\"display:inherit;clear:left;\">The currency mix of interest-bearing liabilities is as follows:</span><span style=\"display:inherit;clear:left;\">The weighted average effective interest rate on interest-bearing liabilities was 5.0% (4.0%).</span><span style=\"display:inherit;clear:left;\">Interest rate re-fixing period of interest-bearing liabilities</span><span style=\"display:inherit;clear:left;\">State aid relating to Finnair\u2019s refinancing</span><span style=\"display:inherit;clear:left;\">State aid in rights issue</span><span style=\"display:inherit;clear:left;\">Finnair announced on 27 October 2023 the terms and conditions of the planned rights issue and completed the </span><span style=\"display:inherit;clear:left;\">rights issue on 23 November 2023. The gross proceeds from the rights issue were announced to be approximately </span><span style=\"display:inherit;clear:left;\">570 million euros by offering up to 19,012,413,069 offer shares for subscription in the Offering with pre-emptive </span><span style=\"display:inherit;clear:left;\">rights for existing shareholders in Finnair.</span><span style=\"display:inherit;clear:left;\">State of Finland irrevocably committed to subscribe for their respective pro rata share of the offering subject </span><span style=\"display:inherit;clear:left;\">to customary terms and conditions of the right issue. The participation of the State of Finland to the rights issue </span><span style=\"display:inherit;clear:left;\">was paid by offsetting the aggregate subscription price against a corresponding amount of the principal of the </span><span style=\"display:inherit;clear:left;\">capital loan. The overall offset amount was approximately 318.6 million euros and after the completion of the </span><span style=\"display:inherit;clear:left;\">rights issue Finnair repaid the remainder of the capital loan of approximately 81.4 million euros, to the State of </span><span style=\"display:inherit;clear:left;\">Finland. In addition, Finnair paid the related interest and other fees of 48.9 million euros to the State. Therefore the </span><span style=\"display:inherit;clear:left;\">capital loan has been fully repaid and is no longer part of Finnair\u2019s balance sheet.</span><span style=\"display:inherit;clear:left;\">State aid in pension premium loan extension</span><span style=\"display:inherit;clear:left;\">The EU Commission\u2019s competition authority approved the extension of the 540-million-euro guarantee related </span><span style=\"display:inherit;clear:left;\">to the pension premium loan on 20 June 2022. The pension premium loan maturity is extended until 2025 and the </span><span style=\"display:inherit;clear:left;\">repayment schedule is amended so that the company will amortise the loan by 100 million euros every 6 months. </span><span style=\"display:inherit;clear:left;\">However, the remaining two 100-million-euro tranches will be paid in full on 15 May 2025. In accordance with the </span><span style=\"display:inherit;clear:left;\">loan terms, the pension premium loan is required to have a guarantee. The guarantee is granted by the State of </span><span style=\"display:inherit;clear:left;\">Finland and a commercial bank..</span><span style=\"display:inherit;clear:left;\">Maturity dates of interest-bearing financial </span><span style=\"display:inherit;clear:left;\">liabilities 31 Dec 2022 EUR mill.<span class=\"_ _b1\"> </span><span class=\"ws0\">2023<span class=\"_ _113\"> </span>2024<span class=\"_ _114\"> </span>2025<span class=\"_ _113\"> </span>2026<span class=\"_ _11c\"> </span>2027<span class=\"_ _1ef\"> </span>Later<span class=\"_ _1f1\"> </span>Total</span></span><span style=\"display:inherit;clear:left;\">JOLCO loans and other, fixed interest<span class=\"_ _2b4\"> </span><span class=\"ws0\">-<span class=\"_ _b9\"> </span>-<span class=\"_ _14a\"> </span>26.0<span class=\"_ _be\"> </span>13.0<span class=\"_ _b9\"> </span>-<span class=\"_ _b9\"> </span>-<span class=\"_ _122\"> </span>39.0</span></span><span style=\"display:inherit;clear:left;\">JOLCO loans and other, variable interest<span class=\"_ _2bb\"> </span><span class=\"ws0\">40.4<span class=\"_ _be\"> </span>41.8<span class=\"_ _ea\"> </span>89.0<span class=\"_ _bd\"> </span>33.0<span class=\"_ _79\"> </span>10.3<span class=\"_ _6c\"> </span>51.2<span class=\"_ _6a\"> </span>265.8</span></span><span style=\"display:inherit;clear:left;\">Loans from financial institutions, variable interest<span class=\"_ _bc\"> </span><span class=\"ws0\">200.0<span class=\"_ _114\"> </span>200.0<span class=\"_ _113\"> </span>200.0<span class=\"_ _12f\"> </span>-<span class=\"_ _12f\"> </span>-<span class=\"_ _12f\"> </span>-<span class=\"_ _d8\"> </span>600.0</span></span><span style=\"display:inherit;clear:left;\">Bonds, fixed interest<span class=\"_ _32d\"> </span><span class=\"ws0\">-<span class=\"_ _b9\"> </span>-<span class=\"_ _d8\"> </span>400.0<span class=\"_ _12f\"> </span>-<span class=\"_ _12f\"> </span>-<span class=\"_ _12f\"> </span>-<span class=\"_ _d8\"> </span>400.0</span></span><span style=\"display:inherit;clear:left;\">Lease liabilities, fixed interest<span class=\"_ _196\"> </span><span class=\"ws0\">144.4<span class=\"_ _271\"> </span>148.0<span class=\"_ _6b\"> </span>150.0<span class=\"_ _271\"> </span>104.6<span class=\"_ _bd\"> </span>86.3<span class=\"_ _6b\"> </span>353.7<span class=\"_ _6a\"> </span>987.0</span></span><span style=\"display:inherit;clear:left;\">Lease liabilities, variable interest<span class=\"_ _332\"> </span><span class=\"ws0\">58.2<span class=\"_ _137\"> </span>61.0<span class=\"_ _6c\"> </span>51.5<span class=\"_ _32a\"> </span>32.9<span class=\"_ _bd\"> </span>34.6<span class=\"_ _32f\"> </span>105.5<span class=\"_ _6b\"> </span>343.7</span></span><span style=\"display:inherit;clear:left;\">Interest-bearing financial liabilities total<span class=\"_ _47\"> </span><span class=\"ws0\">443.1<span class=\"_ _112\"> </span>450.8<span class=\"_ _e\"> </span>916.5<span class=\"_ _e\"> </span>183.6<span class=\"_ _32e\"> </span>131.2<span class=\"_ _36\"> </span>510.4<span class=\"_ _333\"> </span>2,635.5</span></span><span style=\"display:inherit;clear:left;\">Payments from currency derivatives<span class=\"_ _1c3\"> </span><span class=\"ws0\">809.4<span class=\"_ _12f\"> </span>-<span class=\"_ _12f\"> </span>-<span class=\"_ _12f\"> </span>-<span class=\"_ _b9\"> </span>-<span class=\"_ _12f\"> </span>-<span class=\"_ _11c\"> </span>809.4</span></span><span style=\"display:inherit;clear:left;\">Income from currency derivatives<span class=\"_ _95\"> </span><span class=\"ws0\">-792.1<span class=\"_ _26f\"> </span>-8.7<span class=\"_ _12f\"> </span>-<span class=\"_ _12f\"> </span>-<span class=\"_ _b9\"> </span>-<span class=\"_ _12f\"> </span>-<span class=\"_ _334\"> </span>-800.8</span></span><span style=\"display:inherit;clear:left;\">Commodity derivatives<span class=\"_ _1b6\"> </span><span class=\"ws0\">4.4<span class=\"_ _67\"> </span>0.2<span class=\"_ _12f\"> </span>-<span class=\"_ _b9\"> </span>-<span class=\"_ _12f\"> </span>-<span class=\"_ _12f\"> </span>-<span class=\"_ _67\"> </span>4.6</span></span><span style=\"display:inherit;clear:left;\">Trade payables and other liabilities<span class=\"_ _ac\"> </span><span class=\"ws0\">234.7<span class=\"_ _12f\"> </span>-<span class=\"_ _12f\"> </span>-<span class=\"_ _b9\"> </span>-<span class=\"_ _12f\"> </span>-<span class=\"_ _12f\"> </span>-<span class=\"_ _6b\"> </span>234.7</span></span><span style=\"display:inherit;clear:left;\">Interest payments<span class=\"_ _335\"> </span><span class=\"ws0\">121.4<span class=\"_ _14a\"> </span>98.9<span class=\"_ _bd\"> </span>69.5<span class=\"_ _122\"> </span>39.9<span class=\"_ _bd\"> </span>29.8<span class=\"_ _bd\"> </span>92.8<span class=\"_ _e\"> </span>452.3</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _1a1\"> </span>820.9<span class=\"_ _e\"> </span>541.2<span class=\"_ _112\"> </span>986.0<span class=\"_ _11c\"> </span>223.5<span class=\"_ _36\"> </span>160.9<span class=\"_ _d8\"> </span>603.2<span class=\"_ _1e\"> </span>3,335.7</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">EUR<span class=\"_ _277\"> </span>841.2<span class=\"_ _c5\"> </span>1,170.7</span><span style=\"display:inherit;clear:left;\">USD<span class=\"_ _28f\"> </span>1,149.2<span class=\"_ _e8\"> </span>1,418.7</span><span style=\"display:inherit;clear:left;\">JPY<span class=\"_ _336\"> </span>35.1<span class=\"_ _3c\"> </span>39.6</span><span style=\"display:inherit;clear:left;\">HKD<span class=\"_ _337\"> </span>0.1<span class=\"_ _50\"> </span>0.1</span><span style=\"display:inherit;clear:left;\">SGD<span class=\"_ _195\"> </span>-<span class=\"_ _182\"> </span>0.0</span><span style=\"display:inherit;clear:left;\">2,025.6<span class=\"_ _77\"> </span>2,629.1</span><span style=\"display:inherit;clear:left;\">2023<span class=\"_ _58\"> </span>2022</span><span style=\"display:inherit;clear:left;\">Up to 6 months<span class=\"_ _338\"> </span><span class=\"ws0\">22.2%<span class=\"_ _b5\"> </span>23.6%</span></span><span style=\"display:inherit;clear:left;\">6\u201312 months<span class=\"_ _339\"> </span><span class=\"ws0\">0.1%<span class=\"_ _fc\"> </span>3.9%</span></span><span style=\"display:inherit;clear:left;\">1\u20135 years<span class=\"_ _33a\"> </span><span class=\"ws0\">43.9%<span class=\"_ _b5\"> </span>43.2%</span></span><span style=\"display:inherit;clear:left;\">More than 5 years<span class=\"_ _239\"> </span><span class=\"ws0\">33.8%<span class=\"_ _b5\"> </span>29.3%</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _279\"> </span>100.0%<span class=\"_ _b7\"> </span>100.0%</span><span style=\"display:inherit;clear:left;\">3.4 Contingent liabilities</span><span style=\"display:inherit;clear:left;\">3.5 Management of financial risks</span><span style=\"display:inherit;clear:left;\">Principles of financial risk management</span><span style=\"display:inherit;clear:left;\">The nature of Finnair Group\u2019s business operations exposes the company to a variety of financial risks: foreign </span><span style=\"display:inherit;clear:left;\">exchange, interest rate, credit, liquidity and commodity price risks. The Group\u2019s policy is to limit the uncertainty </span><span style=\"display:inherit;clear:left;\">caused by such risks on cash flow, financial performance, balance sheet items and equity.</span><span style=\"display:inherit;clear:left;\">The management of financial risks is based on the risk management policy prepared by the Financial Risk </span><span style=\"display:inherit;clear:left;\">Steering Committee and approved by the Board of Directors. The policy specifies the minimum and maximum </span><span style=\"display:inherit;clear:left;\">levels permitted for each type of risk. Financial risk management is directed and supervised by the Financial Risk</span><span style=\"display:inherit;clear:left;\">Steering Committee. Practical implementation of the risk management policy and risk management have been </span><span style=\"display:inherit;clear:left;\">centralized to the parent company\u2019s treasury department.</span><span style=\"display:inherit;clear:left;\">For the management of foreign exchange, interest rate and jet fuel the company uses different derivative </span><span style=\"display:inherit;clear:left;\">instruments, such as forward contracts, swaps and options. At inception, derivatives are designated as hedges </span><span style=\"display:inherit;clear:left;\">of highly probable cash flows (cash flow hedges), hedges of firm orders (hedges of the fair value of firm </span><span style=\"display:inherit;clear:left;\">commitments) or as financial derivatives where the hedging relationship does not qualify for hedge accounting </span><span style=\"display:inherit;clear:left;\">(economic hedges). Finnair Group implements cash flow hedging through foreign exchange hedging of highly </span><span style=\"display:inherit;clear:left;\">probable forecasted sales and costs denominated in foreign currencies and jet fuel price risk, in accordance </span><span style=\"display:inherit;clear:left;\">with the hedge accounting principles of IFRS 9. Hedge accounting compliant fair value hedges of Finnair Group </span><span style=\"display:inherit;clear:left;\">consist of interest rate hedges of the issued bond and fair value hedges of firm aircraft purchase commitments. </span><span style=\"display:inherit;clear:left;\">Fuel price risk in flight operations</span><span style=\"display:inherit;clear:left;\">Fuel price risk means the cash flow and financial performance uncertainty arising from fuel price fluctuations.</span><span style=\"display:inherit;clear:left;\">Finnair hedges against jet fuel price fluctuations using jet fuel forward contracts and options. The Jet Fuel </span><span style=\"display:inherit;clear:left;\">CIF Cargoes NWE index is used as the underlying asset of jet fuel derivatives, since approximately 64 per cent </span><span style=\"display:inherit;clear:left;\">of Finnair\u2019s fuel purchase contracts are based on the benchmark price index for Northwest Europe jet fuel </span><span style=\"display:inherit;clear:left;\">deliveries.</span><span style=\"display:inherit;clear:left;\">Finnair applies the principle of time-diversification in its fuel hedging. Finnair updated its risk management </span><span style=\"display:inherit;clear:left;\">policy in December 2023, and hedging horizon was extended from 12 months to 18 months. The risk </span><span style=\"display:inherit;clear:left;\">management policy states that hedging ratio must be increased during each quarter of the year, so that for the </span><span style=\"display:inherit;clear:left;\">first three months of the hedging period the hedge ratio is approximately between 70 per cent and 95 per cent, </span><span style=\"display:inherit;clear:left;\">with target ratio being 80 per cent. Thereafter, lower hedge ratio limits apply for each quarter. Due to hedging, </span><span style=\"display:inherit;clear:left;\">the fuel cost per period is not as low as the spot-based price when prices fall, but when spot prices rise, the fuel </span><span style=\"display:inherit;clear:left;\">cost rises more slowly. </span><span style=\"display:inherit;clear:left;\">The hedges of jet fuel consumption are treated as cash flow hedges in accounting, in accordance with the </span><span style=\"display:inherit;clear:left;\">hedge accounting principles of IFRS 9. During 2023, Finnair has hedged the jet fuel price risk in its entirety, without</span><span style=\"display:inherit;clear:left;\">separating it into underlying risk components, such as crude oil price risk. However, Finnair has used proxy </span><span style=\"display:inherit;clear:left;\">hedging for certain layer components of its jet fuel consumption, as described below. </span><span style=\"display:inherit;clear:left;\">In the hedging of jet fuel price risk, Finnair Group designates layer components of its jet fuel consumption </span><span style=\"display:inherit;clear:left;\">as hedged items. The layer components are defined as jet fuel consumption linked to different jet fuel price </span><span style=\"display:inherit;clear:left;\">benchmarks. The first layer is defined as jet fuel purchases based on the Jet Fuel CIF Cargoes NWE index, with </span><span style=\"display:inherit;clear:left;\">consumption linked to other price benchmarks, notably Cargoes FOB Singapore, representing other layers. </span><span style=\"display:inherit;clear:left;\">Since the Jet Fuel CIF Cargoes NWE index is used as the underlying of all jet fuel derivatives, they are designated </span><span style=\"display:inherit;clear:left;\">as proxy hedges for consumption based on other price benchmarks. Therefore, ineffectiveness may arise if </span><span style=\"display:inherit;clear:left;\">the correlation between the NWE index and the price benchmark for the underlying consumption is not high </span><span style=\"display:inherit;clear:left;\">enough for the fair value changes in the hedged item and the hedging instrument to be exactly offsetting. Any </span><span style=\"display:inherit;clear:left;\">ineffectiveness resulting from overhedging or insufficient correlation is recognised in fair value changes in </span><span style=\"display:inherit;clear:left;\">derivatives and changes in exchange rates of fleet overhauls.</span><span style=\"display:inherit;clear:left;\">Update in financial risk management</span><span style=\"display:inherit;clear:left;\">During the year 2023 Finnair has continued normal hedging operations. Finnair increased the hedging ratios in </span><span style=\"display:inherit;clear:left;\">jet fuel and foreign exchange steadily during the year 2023 and revised the risk management policy during the </span><span style=\"display:inherit;clear:left;\">the last quarter of 2023. The risk management policy was updated so that the hedging limits and target level </span><span style=\"display:inherit;clear:left;\">were increased by 5% for each of the hedged quarters. Furthermore, hedging horizon was extended from 12 </span><span style=\"display:inherit;clear:left;\">months to 18 months.</span><span style=\"display:inherit;clear:left;\">The average hedged price of the instruments hedging highly probable jet fuel purchases is calculated by taking into account </span><span style=\"display:inherit;clear:left;\">only the hedging (bought) leg of collar option structures, and therefore represents the least favorable hedged rate. The most </span><span style=\"display:inherit;clear:left;\">favorable rate, calculated by including only the sold leg of collar option structures, is 798.96 US dollars per tonne for NWE </span><span style=\"display:inherit;clear:left;\">consumption, and 809.38 US dollars for SING consumption. Options excluded from hedge accounting are excluded in both </span><span style=\"display:inherit;clear:left;\">cases.</span><span style=\"display:inherit;clear:left;\">At the end of the financial year, Finnair had hedged 73 per cent of its forecasted fuel purchases for the first </span><span style=\"display:inherit;clear:left;\">six months of 2024 and 42 per cent of the purchases for the second half of the year. In the financial year 2023, </span><span style=\"display:inherit;clear:left;\">fuel used in flight operations accounted for approximately 30 per cent of Group\u2019s turnover. At the end of the </span><span style=\"display:inherit;clear:left;\">financial year, the forecast for 2024 is approximately 29 per cent of the Group\u2019s turnover. On the closing date, </span><span style=\"display:inherit;clear:left;\">a 10 per cent rise in the market price of jet fuel \u2013 excluding hedging activity \u2013 increases annual fuel costs by an </span><span style=\"display:inherit;clear:left;\">estimated 77 million euro. On the closing date \u2013 taking hedging into account \u2013 a 10 per cent rise in the market </span><span style=\"display:inherit;clear:left;\">price of jet fuel lowers the operating profit by around 49 million euro. </span><span style=\"display:inherit;clear:left;\">Foreign exchange risk</span><span style=\"display:inherit;clear:left;\">Foreign exchange risk means the uncertainty in cash flows and financial performance arising from exchange </span><span style=\"display:inherit;clear:left;\">rate fluctuations. </span><span style=\"display:inherit;clear:left;\">Finnair Group\u2019s foreign exchange risk mainly arises from fuel purchases, aircraft lease liabilities, acquisition </span><span style=\"display:inherit;clear:left;\">and divestment of aircraft, aircraft maintenance, overflight royalties and foreign currency revenue. About 59 </span><span style=\"display:inherit;clear:left;\">per cent of the Group\u2019s revenue is denominated in euros. The most important foreign revenue currencies are </span><span style=\"display:inherit;clear:left;\">the US dollar (9 per cent, percentage of revenue), the Japanese yen (4 per cent) and the British pound sterling (4 </span><span style=\"display:inherit;clear:left;\">per cent). Approximately 40 per cent Group\u2019s operating costs are denominated in foreign currencies. The most </span><span style=\"display:inherit;clear:left;\">important purchasing currency is the US dollar, which accounts for approximately 34 per cent of all operating </span><span style=\"display:inherit;clear:left;\">costs. The most significant US dollar-denominated expense is fuel costs. The largest investments \u2013 aircraft and </span><span style=\"display:inherit;clear:left;\">their spare parts \u2013 are also mainly made in US dollars.</span><span style=\"display:inherit;clear:left;\">The risk management policy divides the foreign exchange position into three parts, namely exposure to </span><span style=\"display:inherit;clear:left;\">forecasted cash flows, balance sheet position and investment position. </span><span style=\"display:inherit;clear:left;\">The cash flow exposure mainly consists of sales denominated in a number of different currencies and US </span><span style=\"display:inherit;clear:left;\">dollar-denominated expenses. Forecasted jet fuel purchases, aircraft materials and overhaul expenses and </span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Guarantees on behalf of group companies<span class=\"_ _8d\"> </span><span class=\"ws0\">51.5<span class=\"_ _42\"> </span>52.5</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _33b\"> </span>51.5<span class=\"_ _10d\"> </span>52.5</span><span style=\"display:inherit;clear:left;\">Maturity</span><span style=\"display:inherit;clear:left;\">Timing of the notional <span class=\"ws0\"> </span></span><span style=\"display:inherit;clear:left;\">Hedged price <span class=\"_ _0\"></span><span class=\"ws0\"> </span></span><span style=\"display:inherit;clear:left;\">Notional amount </span><span style=\"display:inherit;clear:left;\">and hedged price</span><span style=\"display:inherit;clear:left;\">$/tonne</span><span style=\"display:inherit;clear:left;\">(tonnes)</span><span style=\"display:inherit;clear:left;\">Under 1 year<span class=\"_ _114\"> </span>1 to 2 years</span><span style=\"display:inherit;clear:left;\">31 December 2023</span><span style=\"display:inherit;clear:left;\">Jet fuel consumption priced with NWE index<span class=\"_ _182\"> </span> 892.1 <span class=\"_ _297\"> </span> 655,264 <span class=\"_ _82\"> </span> 626,264 <span class=\"_ _6f\"> </span> 29,000 </span><span style=\"display:inherit;clear:left;\">Jet fuel consumption priced with SING index<span class=\"_ _3a\"> </span> 918.3 <span class=\"_ _4f\"> </span> 21,736 <span class=\"_ _21a\"> </span> 21,736 <span class=\"_ _2f3\"> </span> - </span><span style=\"display:inherit;clear:left;\">31 December 2022</span><span style=\"display:inherit;clear:left;\">Jet fuel consumption priced with NWE index<span class=\"_ _5a\"> </span> 1,042.9 <span class=\"_ _3b\"> </span> 358,000 <span class=\"_ _151\"> </span> 338,000 <span class=\"_ _76\"> </span> 20,000 </span><span style=\"display:inherit;clear:left;\">Jet fuel consumption priced with SING index<span class=\"_ _13e\"> </span><span class=\"ws0\"> <span class=\"_ _ee\"> </span> <span class=\"_ _2c\"> </span> <span class=\"_ _259\"> </span> </span></span><span style=\"display:inherit;clear:left;\">traffic charges form a group of similar items that are hedged with the same hedging instrument. The purpose </span><span style=\"display:inherit;clear:left;\">of currency risk hedging \u2013 for cash flow exposure \u2013 is to reduce the volatility of cash flows and the comparable </span><span style=\"display:inherit;clear:left;\">operating result due to fluctuating currency prices. This is done using a layered hedging strategy for the two </span><span style=\"display:inherit;clear:left;\">biggest sources of currency risk and utilising diversification benefits of the portfolio of various currencies. The </span><span style=\"display:inherit;clear:left;\">contracts are timed to mature when the cash flows from operating expenses are expected to be settled. The </span><span style=\"display:inherit;clear:left;\">hedging limits are set only for the main contributors to currency risk: the Japanese yen and the US dollar basket </span><span style=\"display:inherit;clear:left;\">consisting of the US dollar and the Hong Kong dollar. Finnair updated its risk management policy in December </span><span style=\"display:inherit;clear:left;\">2023, and hedging horizon for both Japanese yen and US dollar basket was extended from 12 months to 18 </span><span style=\"display:inherit;clear:left;\">months. The hedging horizon of 18 months is divided into six three-month periods. The risk management policy </span><span style=\"display:inherit;clear:left;\">states that hedging ratio must be increased during each quarter of the year, so that for the first three months </span><span style=\"display:inherit;clear:left;\">of the hedging period the hedge ratio is approximately between 70 per cent and 95 per cent, with target ratio </span><span style=\"display:inherit;clear:left;\">being 80 per cent. Thereafter, lower hedge ratio limits apply for each quarter.</span><span style=\"display:inherit;clear:left;\">The investment position includes all foreign currency denominated aircraft investments for which a binding </span><span style=\"display:inherit;clear:left;\">purchase agreement has been signed as well as commitments for sale and leaseback transactions in the next </span><span style=\"display:inherit;clear:left;\">four years. According to its risk management policy, Finnair Group hedges 50-100% of its aircraft investment </span><span style=\"display:inherit;clear:left;\">exposure. New hedges of investments in aircraft are made as an IFRS 9 fair value hedge of a firm commitment.</span><span style=\"display:inherit;clear:left;\">Balance sheet exposure consists of foreign currency denominated financial assets and liabilities, as well as </span><span style=\"display:inherit;clear:left;\">other foreign currency denominated balance sheet items, such as provisions, trade receivables, trade payables </span><span style=\"display:inherit;clear:left;\">and assets held for sale. Maximum hedge ratio for balance sheet position is 100% and minimum is 0%.</span><span style=\"display:inherit;clear:left;\">At the end of the financial year, Finnair had a hedge level for net operating cash flows of 57 per cent in the </span><span style=\"display:inherit;clear:left;\">USD-basket and 50 per cent in JPY for the coming 12 months. On the closing date \u2013 excluding hedges \u2013 a 10 per </span><span style=\"display:inherit;clear:left;\">cent strengthening of the US dollar against the euro has a negative impact on the 12-month operating result of </span><span style=\"display:inherit;clear:left;\">around 62 million euro and a 10 per cent weakening of the Japanese yen against the euro has a negative impact</span><span style=\"display:inherit;clear:left;\">of around 12 million euro. On the closing date \u2013 taking hedging into account \u2013 a 10 per cent strengthening of the </span><span style=\"display:inherit;clear:left;\">US dollar weakens the operating result by around 29 million euro and a 10 per cent weakening of the Japanese </span><span style=\"display:inherit;clear:left;\">yen weakens the operating result by around 5 million euro. In the above numbers, the USD-basket risk includes </span><span style=\"display:inherit;clear:left;\">the Hong Kong dollar, which historical correlation with the US dollar is high.</span><span style=\"display:inherit;clear:left;\">The hedge levels for balance sheet position at the end of the financial year were 89 per cent for USD and 86 </span><span style=\"display:inherit;clear:left;\">per cent for Japanese yen. On the closing date \u2013 excluding hedges \u2013 a 10 per cent strengthening of the US dollar</span><span style=\"display:inherit;clear:left;\">against the euro has a negative impact on the result of around 115 million euro and a 10 per cent strengthening of</span><span style=\"display:inherit;clear:left;\">the Japanese yen against the euro has a negative impact of around 4 million euro. On the closing date \u2013 taking </span><span style=\"display:inherit;clear:left;\">hedging into account \u2013 a 10 per cent strengthening of the US dollar weakens the result by around 13 million euro </span><span style=\"display:inherit;clear:left;\">and a 10 per cent strengthening of the Japanese yen weakens the result by around 0.6 million euro.</span><span style=\"display:inherit;clear:left;\">Cross-currency interest rate swaps are included in the nominal amount calculation.</span><span style=\"display:inherit;clear:left;\">The average exchange rate of the instruments hedging highly probable forecasted sales and purchases </span><span style=\"display:inherit;clear:left;\">denominated in foreign currencies is calculated by taking into account only the hedging (bought) leg of collar </span><span style=\"display:inherit;clear:left;\">option structures, and therefore represents the least favorable hedged rate. The most favorable rate, calculated</span><span style=\"display:inherit;clear:left;\">by including only the sold leg of collar option structures, is 1.10 for USD contracts and 152.09 for JPY instruments.</span><span style=\"display:inherit;clear:left;\">Foreign exchange investment exposure <span class=\"ws0\"> </span></span><span style=\"display:inherit;clear:left;\">EUR mill. 31 December 2023<span class=\"_ _33f\"> </span><span class=\"ws0\">USD</span></span><span style=\"display:inherit;clear:left;\">Net investment position<span class=\"_ _340\"> </span><span class=\"ws0\">-289.2</span></span><span style=\"display:inherit;clear:left;\">Net hedges of investment position<span class=\"_ _341\"> </span><span class=\"ws0\">158.9</span></span><span style=\"display:inherit;clear:left;\">Weighted average exchange rate of hedging instruments against the euro<span class=\"_ _101\"> </span><span class=\"ws0\">1.11</span></span><span style=\"display:inherit;clear:left;\">Foreign exchange exposure from investment position after hedging<span class=\"_ _342\"> </span><span class=\"ws0\">-130.3</span></span><span style=\"display:inherit;clear:left;\">Foreign exchange P&amp;L exposure <span class=\"ws0\"> </span></span><span style=\"display:inherit;clear:left;\">EUR mill. 31 December 2022<span class=\"_ _321\"> </span><span class=\"ws0\">JPY<span class=\"_ _1f0\"> </span>USD-basket</span></span><span style=\"display:inherit;clear:left;\">Net forecasted operating cash flows, next 12m<span class=\"_ _343\"> </span><span class=\"ws0\">83.4<span class=\"_ _f7\"> </span>-707.1</span></span><span style=\"display:inherit;clear:left;\">Net operating cash flow hedges, next 12m<span class=\"_ _344\"> </span><span class=\"ws0\">-26.2<span class=\"_ _232\"> </span>258.5</span></span><span style=\"display:inherit;clear:left;\">Weighted average exchange rate of hedging instruments against the euro<span class=\"_ _16e\"> </span><span class=\"ws0\">141.05<span class=\"_ _30\"> </span>1.05</span></span><span style=\"display:inherit;clear:left;\">Foreign exchange exposure from operating cash flows after hedging, next 12m<span class=\"_ _295\"> </span><span class=\"ws0\">57.1<span class=\"_ _26c\"> </span>-448.7</span></span><span style=\"display:inherit;clear:left;\">Foreign exchange balance sheet exposure <span class=\"ws0\"> </span></span><span style=\"display:inherit;clear:left;\">EUR mill. 31 December 2023<span class=\"_ _309\"> </span><span class=\"ws0\">JPY<span class=\"_ _149\"> </span>USD</span></span><span style=\"display:inherit;clear:left;\">Net balance sheet items<span class=\"_ _29a\"> </span><span class=\"ws0\">-39.3<span class=\"_ _59\"> </span>-718.6</span></span><span style=\"display:inherit;clear:left;\">Net hedges of balance sheet items<span class=\"_ _88\"> </span><span class=\"ws0\">33.4<span class=\"_ _57\"> </span>590.9</span></span><span style=\"display:inherit;clear:left;\">Weighted average exchange rate of hedging instruments against the euro<span class=\"_ _a4\"> </span><span class=\"ws0\">155.92<span class=\"_ _2be\"> </span>1.09</span></span><span style=\"display:inherit;clear:left;\">Foreign exchange exposure from balance sheet items after hedging<span class=\"_ _1b9\"> </span><span class=\"ws0\">-5.9<span class=\"_ _22a\"> </span>-127.7</span></span><span style=\"display:inherit;clear:left;\">Foreign exchange P&amp;L exposure <span class=\"ws0\"> </span></span><span style=\"display:inherit;clear:left;\">EUR mill. 31 December 2023<span class=\"_ _321\"> </span><span class=\"ws0\">JPY<span class=\"_ _1f0\"> </span>USD-basket</span></span><span style=\"display:inherit;clear:left;\">Net forecasted operating cash flows, next 12m<span class=\"_ _8b\"> </span><span class=\"ws0\">136.3<span class=\"_ _c5\"> </span>-639.7</span></span><span style=\"display:inherit;clear:left;\">Net operating cash flow hedges, next 12m<span class=\"_ _33e\"> </span><span class=\"ws0\">-69.8<span class=\"_ _46\"> </span>373.2</span></span><span style=\"display:inherit;clear:left;\">Weighted average exchange rate of hedging instruments against the euro<span class=\"_ _cd\"> </span><span class=\"ws0\">152.09<span class=\"_ _102\"> </span>1.09</span></span><span style=\"display:inherit;clear:left;\">Foreign exchange exposure from operating cash flows after hedging, next 12m<span class=\"_ _41\"> </span><span class=\"ws0\">66.6<span class=\"_ _138\"> </span>-266.5</span></span><span style=\"display:inherit;clear:left;\">Maturity</span><span style=\"display:inherit;clear:left;\">Timing of the notional <span class=\"ws0\"> </span></span><span style=\"display:inherit;clear:left;\">Notional amount </span><span style=\"display:inherit;clear:left;\">Less than <span class=\"_ _0\"></span><span class=\"ws0\"> </span></span><span style=\"display:inherit;clear:left;\">EUR mill. 31 December 2023</span><span style=\"display:inherit;clear:left;\">(gross)</span><span style=\"display:inherit;clear:left;\">1 year<span class=\"_ _114\"> </span>1 to 2 years<span class=\"_ _1ef\"> </span>2 to 4 years</span><span style=\"display:inherit;clear:left;\">USD<span class=\"_ _33c\"> </span>1,179.8<span class=\"_ _232\"> </span>923.4<span class=\"_ _fc\"> </span>114.0<span class=\"_ _bf\"> </span>142.5</span><span style=\"display:inherit;clear:left;\">JPY<span class=\"_ _33d\"> </span>103.1<span class=\"_ _2ec\"> </span>103.1<span class=\"_ _22\"> </span>-<span class=\"_ _22\"> </span>-</span><span style=\"display:inherit;clear:left;\">Foreign exchange balance sheet exposure <span class=\"ws0\"> </span></span><span style=\"display:inherit;clear:left;\">EUR mill. 31 December 2022<span class=\"_ _309\"> </span><span class=\"ws0\">JPY<span class=\"_ _149\"> </span>USD</span></span><span style=\"display:inherit;clear:left;\">Net balance sheet items<span class=\"_ _29a\"> </span><span class=\"ws0\">-43.8<span class=\"_ _189\"> </span>-988.5</span></span><span style=\"display:inherit;clear:left;\">Net hedges of balance sheet items<span class=\"_ _345\"> </span><span class=\"ws0\">38.9<span class=\"_ _5a\"> </span>564.1</span></span><span style=\"display:inherit;clear:left;\">Weighted average exchange rate of hedging instruments against the euro<span class=\"_ _326\"> </span><span class=\"ws0\">141.36<span class=\"_ _2c3\"> </span>1.10</span></span><span style=\"display:inherit;clear:left;\">Foreign exchange exposure from balance sheet items after hedging<span class=\"_ _346\"> </span><span class=\"ws0\">-4.9<span class=\"_ _11a\"> </span>-424.5</span></span><span style=\"display:inherit;clear:left;\">Foreign exchange investment exposure <span class=\"ws0\"> </span></span><span style=\"display:inherit;clear:left;\">EUR mill. 31 December 2022<span class=\"_ _33f\"> </span><span class=\"ws0\">USD</span></span><span style=\"display:inherit;clear:left;\">Net investment position<span class=\"_ _22d\"> </span><span class=\"ws0\">-320.8</span></span><span style=\"display:inherit;clear:left;\">Net hedges of investment position<span class=\"_ _347\"> </span><span class=\"ws0\">183.7</span></span><span style=\"display:inherit;clear:left;\">Weighted average exchange rate of hedging instruments against the euro<span class=\"_ _34\"> </span><span class=\"ws0\">1.01</span></span><span style=\"display:inherit;clear:left;\">Foreign exchange exposure from investment position after hedging<span class=\"_ _25c\"> </span><span class=\"ws0\">-137.1</span></span><span style=\"display:inherit;clear:left;\">Interest rate risk</span><span style=\"display:inherit;clear:left;\">Interest rate risk means the cash flow, financial performance and balance sheet uncertainty arising from interest</span><span style=\"display:inherit;clear:left;\">rate fluctuations.</span><span style=\"display:inherit;clear:left;\">In Finnair Group, the interest rate risk is measured using the interest rate re-fixing period. If necessary, </span><span style=\"display:inherit;clear:left;\">interest rate derivatives are used to adjust the interest rate re-fixing period. According to the risk management </span><span style=\"display:inherit;clear:left;\">policy, the mandate for the investment portfolio\u2019s interest rate re-fixing period is 0-12 months and for interest-</span><span style=\"display:inherit;clear:left;\">bearing liabilities 36-72 months. On the closing date, the investment portfolio\u2019s interest rate re-fixing period </span><span style=\"display:inherit;clear:left;\">was approximately 3 months and approximately 57 months for interest-bearing liabilities. On the closing date, </span><span style=\"display:inherit;clear:left;\">a one percentage point rise in interest rates increases the annual interest income of the investment portfolio </span><span style=\"display:inherit;clear:left;\">by approximately 7.0 million euros and the interest expenses of the loan portfolio by approximately 3.7 million </span><span style=\"display:inherit;clear:left;\">euros. The situation as of December 31 2023 is a reasonable representation of conditions throughout the year </span><span style=\"display:inherit;clear:left;\">given the current market environment.</span><span style=\"display:inherit;clear:left;\">Future lease agreements expose the group to interest rate risk, as the interest rate is one component of the </span><span style=\"display:inherit;clear:left;\">lease price. The interest rate is fixed when the lease payments start. If necessary, the group can hedge this </span><span style=\"display:inherit;clear:left;\">exposure with cash flow hedges.</span><span style=\"display:inherit;clear:left;\">Cross-currency interest rate swaps are included in the nominal amount calculation. Finnair has not entered into </span><span style=\"display:inherit;clear:left;\">any interest rate derivatives on which it is paying a fixed rate.</span><span style=\"display:inherit;clear:left;\">Credit risk</span><span style=\"display:inherit;clear:left;\">The Group is exposed to counterparty risk when investing its cash reserves and when using derivative </span><span style=\"display:inherit;clear:left;\">instruments. The credit risk is managed by only making contracts with financially sound domestic and foreign </span><span style=\"display:inherit;clear:left;\">banks, financial institutions and brokers, within the framework of the risk management policy for counterparty </span><span style=\"display:inherit;clear:left;\">risk limits. Liquid assets are also invested in money market funds, bonds and commercial papers issued by </span><span style=\"display:inherit;clear:left;\">conservatively selected companies, according to company-specific limits. This way, risk exposure to any single </span><span style=\"display:inherit;clear:left;\">counterparty is not significant. Changes in the fair value of Group loans arises from changes in FX and interest </span><span style=\"display:inherit;clear:left;\">rates, not from credit risk. The Group\u2019s credit risk exposure arises from other current financial assets presented </span><span style=\"display:inherit;clear:left;\">in note 3.2.1, cash and cash equivalents presented in note 3.2.2, trade receivables presented in note 1.2.3 and </span><span style=\"display:inherit;clear:left;\">derivatives presented in note 3.8.</span><span style=\"display:inherit;clear:left;\">Liquidity risk</span><span style=\"display:inherit;clear:left;\">The goal of the Finnair Group is to maintain good liquidity. Liquidity is ensured by cash reserves, bank account </span><span style=\"display:inherit;clear:left;\">limits, liquid money market investments and committed credit facilities. Counterparties of groups\u2019 long term </span><span style=\"display:inherit;clear:left;\">loans are solid financial institutions with good reputations.</span><span style=\"display:inherit;clear:left;\">The war in Ukraine has not had a direct impact on the basic principles of Finnair\u2019s liquidity risk management. </span><span style=\"display:inherit;clear:left;\">Finnair executed several financing transactions to strenghten its balance sheet and maintain liquidity levels. </span><span style=\"display:inherit;clear:left;\">The most significant financing transactions during the year 2023 were the rights issue of net proceeds of </span><span style=\"display:inherit;clear:left;\">approximately 558 million euros, conversion and repayment of the 400 million euro capital loan, repayment of </span><span style=\"display:inherit;clear:left;\">the 200 million euro hybrid bond, and amortisations of the pension premium loan totalling 320 million euro.</span><span style=\"display:inherit;clear:left;\">The Group\u2019s cash funds were 922.0 million euro at the end of financial year 2023. Finnair Plc has a domestic </span><span style=\"display:inherit;clear:left;\">commercial paper program of 200 million euro, which was not in use as of the closing date.</span><span style=\"display:inherit;clear:left;\">Capital management</span><span style=\"display:inherit;clear:left;\">The aim of Finnair\u2019s capital management is to secure access to the capital markets at all times despite the </span><span style=\"display:inherit;clear:left;\">volatile business environment, as well as to support future business development. Through maintaining an </span><span style=\"display:inherit;clear:left;\">optimal capital structure the Group also aims to minimize the cost of capital and maximize the return on capital </span><span style=\"display:inherit;clear:left;\">employed. The capital structure is influenced via, for example, dividend distribution and share issues. The Group </span><span style=\"display:inherit;clear:left;\">can vary and adjust the level of dividends paid to shareholders, the amount of capital returned to them or the </span><span style=\"display:inherit;clear:left;\">number of new shares issued. The Group can also decide on sales of asset items in order to reduce debt.</span><span style=\"display:inherit;clear:left;\">During the year 2023 Finnair strenghtened its capital structure with the rights issue of net proceeds of </span><span style=\"display:inherit;clear:left;\">approximately 558 million euros, conversion and repayment of the 400 million euro capital loan, repayment of </span><span style=\"display:inherit;clear:left;\">the 200 million euro hybrid bond and amortisations of the pension premium loan totalling 320 million euro. The </span><span style=\"display:inherit;clear:left;\">development of the Group\u2019s capital structure is continuously monitored using the adjusted gearing ratio. When </span><span style=\"display:inherit;clear:left;\">calculating adjusted gearing, adjusted interest-bearing net debt is divided by the amount of shareholders\u2019 </span><span style=\"display:inherit;clear:left;\">equity. The Group\u2019s adjusted gearing at the end of 2023 was 193.2 per cent (266.4).</span><span style=\"display:inherit;clear:left;\">Sensitivity analysis of the fair value reserve</span><span style=\"display:inherit;clear:left;\">If the price of Jet fuel CIF NWE had been 10 per cent higher, the balance of the reserve would have been 27.9 </span><span style=\"display:inherit;clear:left;\">million euro (16.1) higher. Correspondingly, a 10 per cent weaker Jet fuel CIF NWE price would have reduced the </span><span style=\"display:inherit;clear:left;\">reserve by 35.3 million euro (17.6). In terms of the US dollar, a 10 per cent weaker level would have lowered the </span><span style=\"display:inherit;clear:left;\">balance of the fair value reserve by 35.9 million euro (25.4) and a 10 per cent stronger dollar would have had a </span><span style=\"display:inherit;clear:left;\">positive impact of 33.3 million euro (25.4). In terms of Japanese yen, a 10 per cent stronger yen would have had a </span><span style=\"display:inherit;clear:left;\">negative impact of 6.8 million euro (2.6), and a 10 per cent weaker level would have increased the balance of the</span><span style=\"display:inherit;clear:left;\">fair value reserve by 6.8 million euro (2.6). The effect of change in interests to the fair value reserve in own equity </span><span style=\"display:inherit;clear:left;\">is not material. The enclosed sensitivity figures do not take into account any change in deferred tax liability (tax </span><span style=\"display:inherit;clear:left;\">assets).</span><span style=\"display:inherit;clear:left;\">Maturity</span><span style=\"display:inherit;clear:left;\">Timing of the notional <span class=\"ws0\"> </span></span><span style=\"display:inherit;clear:left;\">Notional amount </span><span style=\"display:inherit;clear:left;\">Less than <span class=\"_ _0\"></span><span class=\"ws0\"> </span></span><span style=\"display:inherit;clear:left;\">EUR mill. 31 December 2023</span><span style=\"display:inherit;clear:left;\">(gross)</span><span style=\"display:inherit;clear:left;\">1 year<span class=\"_ _114\"> </span>1 to 2 years<span class=\"_ _1ef\"> </span>2 to 4 years</span><span style=\"display:inherit;clear:left;\">Interest rate derivatives<span class=\"_ _101\"> </span><span class=\"ws0\">310.4<span class=\"_ _42\"> </span>53.9<span class=\"_ _fc\"> </span>114.0<span class=\"_ _39\"> </span>142.5</span></span><span style=\"display:inherit;clear:left;\">3.6 Classification of financial assets and liabilities</span><span style=\"display:inherit;clear:left;\">In this note interest rate derivatives (currency and interest-rate swaps) are included in derivatives. Item </span><span style=\"display:inherit;clear:left;\">Receivables mainly includes USD-denominated security deposits for leased aircraft. Trade payables and other </span><span style=\"display:inherit;clear:left;\">liabilities include: trade payables and other interest-bearing and non-interest-bearing liabilities.</span><span style=\"display:inherit;clear:left;\">Derivatives are valued at fair value, with further details in the fair value hierarchy. Financial assets valued at </span><span style=\"display:inherit;clear:left;\">fair value are money market funds (fair value hierarchy level 1) and bonds, or commercial papers (fair value </span><span style=\"display:inherit;clear:left;\">hierarchy level 2). Receivables are mainly current and the book value is equivalent to the fair value, because </span><span style=\"display:inherit;clear:left;\">the discount effect is not significant. Pension premium loan and issued bond make the most significant part of </span><span style=\"display:inherit;clear:left;\">the loans valued at amortised cost. Breakdown of fair values of financial liabilities is presented in note 3.3. The </span><span style=\"display:inherit;clear:left;\">valuation principles of financial assets and liabilities are outlined in the accounting principles.</span><span style=\"display:inherit;clear:left;\">Fair value hierarchy of financial assets and liabilities valued at fair value</span><span style=\"display:inherit;clear:left;\">Fair values at the end of the reporting period</span><span style=\"display:inherit;clear:left;\">During the financial year, no significant transfers took place between fair value hierarchy Levels 1 and 2.</span><span style=\"display:inherit;clear:left;\">The fair values of hierarchy Level 1 are fully based on quoted (unadjusted) prices in active markets of the </span><span style=\"display:inherit;clear:left;\">same assets and liabilities.</span><span style=\"display:inherit;clear:left;\">The fair values of Level 2 instruments are, to a significant extent, based on input data other than the quoted </span><span style=\"display:inherit;clear:left;\">prices included in Level 1, but still mainly based on directly observable data (price) or indirectly observable data </span><span style=\"display:inherit;clear:left;\">(derived from price) for the particular asset or liability.</span><span style=\"display:inherit;clear:left;\">On the other hand, the fair values of Level 3 instruments are based on asset or liability input data that is not </span><span style=\"display:inherit;clear:left;\">based on observable market information (unobservable inputs). The fair values are based on confirmations </span><span style=\"display:inherit;clear:left;\">supplied by counterparties, based on generally accepted valuation models.</span><span style=\"display:inherit;clear:left;\">Hedge </span><span style=\"display:inherit;clear:left;\">Fair value </span><span style=\"display:inherit;clear:left;\">accounting </span><span style=\"display:inherit;clear:left;\">through profit </span><span style=\"display:inherit;clear:left;\">Amortised </span><span style=\"display:inherit;clear:left;\">EUR mill.</span><span style=\"display:inherit;clear:left;\">items</span><span style=\"display:inherit;clear:left;\">and loss</span><span style=\"display:inherit;clear:left;\">cost<span class=\"_ _14a\"> </span><span class=\"wse5\">Book value</span></span><span style=\"display:inherit;clear:left;\">31 Dec 2023</span><span style=\"display:inherit;clear:left;\">Financial assets</span><span style=\"display:inherit;clear:left;\">Receivables<span class=\"_ _54\"> </span>-<span class=\"_ _8e\"> </span>-<span class=\"_ _b0\"> </span>2.6<span class=\"_ _1e1\"> </span>2.6</span><span style=\"display:inherit;clear:left;\">Other financial assets<span class=\"_ _348\"> </span><span class=\"ws0\">-<span class=\"_ _2c3\"> </span>776.8<span class=\"_ _8e\"> </span>-<span class=\"_ _2c3\"> </span>776.8</span></span><span style=\"display:inherit;clear:left;\">Trade receivables and other receivables<span class=\"_ _95\"> </span><span class=\"ws0\">-<span class=\"_ _8e\"> </span>-<span class=\"_ _41\"> </span>289.0<span class=\"_ _41\"> </span>289.0</span></span><span style=\"display:inherit;clear:left;\">Derivatives<span class=\"_ _1a9\"> </span>10.0<span class=\"_ _e5\"> </span>1.8<span class=\"_ _8e\"> </span>-<span class=\"_ _2b9\"> </span>11.8</span><span style=\"display:inherit;clear:left;\">Cash and cash equivalents<span class=\"_ _349\"> </span><span class=\"ws0\">-<span class=\"_ _26\"> </span>-<span class=\"_ _2ae\"> </span>145.1<span class=\"_ _2ae\"> </span>145.1</span></span><span style=\"display:inherit;clear:left;\">Book value total<span class=\"_ _1cd\"> </span><span class=\"ws0\">10.0<span class=\"_ _10b\"> </span>778.6<span class=\"_ _30\"> </span>436.7<span class=\"_ _eb\"> </span>1,225.3</span></span><span style=\"display:inherit;clear:left;\">Fair value total<span class=\"_ _34a\"> </span><span class=\"ws0\">10.0<span class=\"_ _10b\"> </span>778.6<span class=\"_ _30\"> </span>436.7<span class=\"_ _eb\"> </span>1,225.3</span></span><span style=\"display:inherit;clear:left;\">Financial liabilities</span><span style=\"display:inherit;clear:left;\">Interest-bearing liabilities<span class=\"_ _34b\"> </span><span class=\"ws0\">-<span class=\"_ _26\"> </span>-<span class=\"_ _3a\"> </span>910.6<span class=\"_ _2c3\"> </span>910.6</span></span><span style=\"display:inherit;clear:left;\">Lease liabilities<span class=\"_ _34c\"> </span><span class=\"ws0\">-<span class=\"_ _26\"> </span>-<span class=\"_ _282\"> </span>1,115.0<span class=\"_ _47\"> </span>1,115.0</span></span><span style=\"display:inherit;clear:left;\">Derivatives<span class=\"_ _19f\"> </span>34.4<span class=\"_ _cf\"> </span>8.9<span class=\"_ _8e\"> </span>-<span class=\"_ _109\"> </span>43.4</span><span style=\"display:inherit;clear:left;\">Trade payables and other liabilities<span class=\"_ _16c\"> </span><span class=\"ws0\">-<span class=\"_ _8e\"> </span>-<span class=\"_ _51\"> </span>274.1<span class=\"_ _51\"> </span>274.1</span></span><span style=\"display:inherit;clear:left;\">Book value total<span class=\"_ _1ec\"> </span><span class=\"ws0\">34.4<span class=\"_ _4f\"> </span>8.9<span class=\"_ _57\"> </span>2,299.7<span class=\"_ _22a\"> </span>2,343.0</span></span><span style=\"display:inherit;clear:left;\">Fair value total<span class=\"_ _34d\"> </span><span class=\"ws0\">34.4<span class=\"_ _4f\"> </span>8.9<span class=\"_ _f7\"> </span>1,990.9<span class=\"_ _22a\"> </span>2,034.2</span></span><span style=\"display:inherit;clear:left;\">Hedge </span><span style=\"display:inherit;clear:left;\">Fair value </span><span style=\"display:inherit;clear:left;\">accounting </span><span style=\"display:inherit;clear:left;\">through profit </span><span style=\"display:inherit;clear:left;\">Amortised </span><span style=\"display:inherit;clear:left;\">EUR mill.</span><span style=\"display:inherit;clear:left;\">items</span><span style=\"display:inherit;clear:left;\">and loss</span><span style=\"display:inherit;clear:left;\">cost<span class=\"_ _14a\"> </span><span class=\"wse5\">Book value</span></span><span style=\"display:inherit;clear:left;\">31 Dec 2022</span><span style=\"display:inherit;clear:left;\">Financial assets</span><span style=\"display:inherit;clear:left;\">Receivables<span class=\"_ _54\"> </span>-<span class=\"_ _8e\"> </span>-<span class=\"_ _9b\"> </span>3.7<span class=\"_ _25b\"> </span>3.7</span><span style=\"display:inherit;clear:left;\">Other financial assets<span class=\"_ _348\"> </span><span class=\"ws0\">-<span class=\"_ _d4\"> </span>738.6<span class=\"_ _26\"> </span>-<span class=\"_ _d4\"> </span>738.6</span></span><span style=\"display:inherit;clear:left;\">Trade receivables and other receivables<span class=\"_ _95\"> </span><span class=\"ws0\">-<span class=\"_ _8e\"> </span>-<span class=\"_ _2d1\"> </span>256.9<span class=\"_ _2d1\"> </span>256.9</span></span><span style=\"display:inherit;clear:left;\">Derivatives<span class=\"_ _34e\"> </span>8.6<span class=\"_ _25\"> </span>14.9<span class=\"_ _26\"> </span>-<span class=\"_ _168\"> </span>23.5</span><span style=\"display:inherit;clear:left;\">Cash and cash equivalents<span class=\"_ _349\"> </span><span class=\"ws0\">-<span class=\"_ _26\"> </span>-<span class=\"_ _d4\"> </span>785.8<span class=\"_ _d4\"> </span>785.8</span></span><span style=\"display:inherit;clear:left;\">Book value total<span class=\"_ _34f\"> </span><span class=\"ws0\">8.6<span class=\"_ _10b\"> </span>753.5<span class=\"_ _f1\"> </span>1,046.3<span class=\"_ _232\"> </span>1,808.5</span></span><span style=\"display:inherit;clear:left;\">Fair value total<span class=\"_ _350\"> </span><span class=\"ws0\">8.6<span class=\"_ _10b\"> </span>753.5<span class=\"_ _f1\"> </span>1,046.3<span class=\"_ _232\"> </span>1,808.5</span></span><span style=\"display:inherit;clear:left;\">Financial liabilities</span><span style=\"display:inherit;clear:left;\">Interest-bearing liabilities<span class=\"_ _34b\"> </span><span class=\"ws0\">-<span class=\"_ _26\"> </span>-<span class=\"_ _10a\"> </span>1,298.5<span class=\"_ _2ea\"> </span>1,298.5</span></span><span style=\"display:inherit;clear:left;\">Lease liabilities<span class=\"_ _34c\"> </span><span class=\"ws0\">-<span class=\"_ _26\"> </span>-<span class=\"_ _fc\"> </span>1,330.7<span class=\"_ _fc\"> </span>1,330.7</span></span><span style=\"display:inherit;clear:left;\">Derivatives<span class=\"_ _49\"> </span>33.1<span class=\"_ _1e1\"> </span>3.5<span class=\"_ _8e\"> </span>-<span class=\"_ _168\"> </span>36.7</span><span style=\"display:inherit;clear:left;\">Trade payables and other liabilities<span class=\"_ _16c\"> </span><span class=\"ws0\">-<span class=\"_ _8e\"> </span>-<span class=\"_ _2c3\"> </span>234.7<span class=\"_ _2c3\"> </span>234.7</span></span><span style=\"display:inherit;clear:left;\">Book value total<span class=\"_ _f8\"> </span><span class=\"ws0\">33.1<span class=\"_ _4f\"> </span>3.5<span class=\"_ _59\"> </span>2,863.8<span class=\"_ _b5\"> </span>2,900.5</span></span><span style=\"display:inherit;clear:left;\">Fair value total<span class=\"_ _351\"> </span><span class=\"ws0\">33.1<span class=\"_ _cf\"> </span>3.5<span class=\"_ _59\"> </span>2,358.9<span class=\"_ _59\"> </span>2,395.6</span></span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _173\"> </span>31 Dec 2023<span class=\"_ _b9\"> </span>Level 1<span class=\"_ _e3\"> </span>Level 2</span><span style=\"display:inherit;clear:left;\">Assets</span><span style=\"display:inherit;clear:left;\">Financial assets at fair value</span><span style=\"display:inherit;clear:left;\">Securities held for trading<span class=\"_ _352\"> </span><span class=\"ws0\">776.8<span class=\"_ _eb\"> </span>723.4<span class=\"_ _42\"> </span>53.4</span></span><span style=\"display:inherit;clear:left;\">Derivatives</span><span style=\"display:inherit;clear:left;\">Currency derivatives<span class=\"_ _353\"> </span><span class=\"ws0\">2.3<span class=\"_ _2e1\"> </span>-<span class=\"_ _2cc\"> </span>2.3</span></span><span style=\"display:inherit;clear:left;\"> - of which in fair value hedge accounting<span class=\"_ _354\"> </span><span class=\"ws0\">0.1<span class=\"_ _2e1\"> </span>-<span class=\"_ _f3\"> </span>0.1</span></span><span style=\"display:inherit;clear:left;\"> - of which in cash flow hedge accounting<span class=\"_ _355\"> </span><span class=\"ws0\">2.0<span class=\"_ _2e1\"> </span>-<span class=\"_ _51\"> </span>2.0</span></span><span style=\"display:inherit;clear:left;\">Commodity derivatives<span class=\"_ _356\"> </span><span class=\"ws0\">9.5<span class=\"_ _2e1\"> </span>-<span class=\"_ _5e\"> </span>9.5</span></span><span style=\"display:inherit;clear:left;\"> - of which in cash flow hedge accounting<span class=\"_ _348\"> </span><span class=\"ws0\">7.9<span class=\"_ _22\"> </span>-<span class=\"_ _4b\"> </span>7.9</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _1f7\"> </span>788.7<span class=\"_ _57\"> </span>723.4<span class=\"_ _10d\"> </span>65.3</span><span style=\"display:inherit;clear:left;\">Liabilities</span><span style=\"display:inherit;clear:left;\">Financial liabilities at fair value</span><span style=\"display:inherit;clear:left;\">Derivatives</span><span style=\"display:inherit;clear:left;\">Currency and interest rate swaps and options<span class=\"_ _357\"> </span><span class=\"ws0\">8.9<span class=\"_ _2e1\"> </span>-<span class=\"_ _51\"> </span>8.9</span></span><span style=\"display:inherit;clear:left;\">Currency derivatives<span class=\"_ _353\"> </span><span class=\"ws0\">7.6<span class=\"_ _2e1\"> </span>-<span class=\"_ _2cc\"> </span>7.6</span></span><span style=\"display:inherit;clear:left;\"> - of which in fair value hedge accounting<span class=\"_ _358\"> </span><span class=\"ws0\">1.5<span class=\"_ _2e1\"> </span>-<span class=\"_ _108\"> </span>1.5</span></span><span style=\"display:inherit;clear:left;\"> - of which in cash flow hedge accounting<span class=\"_ _359\"> </span><span class=\"ws0\">6.1<span class=\"_ _2e1\"> </span>-<span class=\"_ _d2\"> </span>6.1</span></span><span style=\"display:inherit;clear:left;\">Commodity derivatives<span class=\"_ _20f\"> </span><span class=\"ws0\">26.8<span class=\"_ _2e1\"> </span>-<span class=\"_ _42\"> </span>26.8</span></span><span style=\"display:inherit;clear:left;\"> - of which in cash flow hedge accounting<span class=\"_ _35a\"> </span><span class=\"ws0\">26.8<span class=\"_ _2e1\"> </span>-<span class=\"_ _42\"> </span>26.8</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _301\"> </span>43.4<span class=\"_ _2e1\"> </span><span class=\"ff3\">-<span class=\"_ _fd\"> </span></span>43.4</span><span style=\"display:inherit;clear:left;\">3.7 Offsetting financial assets and liabilities</span><span style=\"display:inherit;clear:left;\">For the above financial assets and liabilities, subject to enforceable master netting arrangements or similar </span><span style=\"display:inherit;clear:left;\">arrangements, each agreement between the Group and the counterparty allows net settlement of the relevant </span><span style=\"display:inherit;clear:left;\">financial assets and liabilities when both parties choose to settle on a net basis. In the absence of such mutual </span><span style=\"display:inherit;clear:left;\">decision, financial assets and liabilities will be settled on a gross basis. However, each party of the master netting </span><span style=\"display:inherit;clear:left;\">agreement, or similar agreement, will have the option to settle on a net basis in the event of default of the other party. </span><span style=\"display:inherit;clear:left;\">Depending on the terms of each agreement, an event of default includes failure by a party to make a payment when </span><span style=\"display:inherit;clear:left;\">due, failure by a party to perform any obligation required by the agreement (other than payment), if such failure is </span><span style=\"display:inherit;clear:left;\">not remedied within periods of 30 to 60 days after notice of such failure is given to the party, or bankruptcy.</span><span style=\"display:inherit;clear:left;\">3.8 Derivatives</span><span style=\"display:inherit;clear:left;\">  Derivative contracts and hedge accounting</span><span style=\"display:inherit;clear:left;\">According to its risk management policy, Finnair Group uses foreign currency, interest rate and commodity derivatives to </span><span style=\"display:inherit;clear:left;\">reduce the exchange rate, interest rate and commodity risks which arise from the Group\u2019s balance sheet items, foreign </span><span style=\"display:inherit;clear:left;\">currency denominated purchase agreements, anticipated foreign currency denominated purchases and sales as well as </span><span style=\"display:inherit;clear:left;\">future jet fuel purchases. It is the Group\u2019s policy not to enter into derivative financial contracts for speculative purposes.</span><span style=\"display:inherit;clear:left;\">The derivatives are initially recognised as well as subsequently valued at fair value in each financial statement and </span><span style=\"display:inherit;clear:left;\">interim report. The fair values of the derivatives are based on the value at which the instrument could be exchanged </span><span style=\"display:inherit;clear:left;\">between knowledgeable, willing and independent parties, with no compulsion to sell or buy in the sales situation. The fair </span><span style=\"display:inherit;clear:left;\">values of derivatives are determined as follows:</span><span style=\"display:inherit;clear:left;\">The fair values of all derivatives are calculated using the exchange rates, interest rates, volatilities and commodity </span><span style=\"display:inherit;clear:left;\">price quotations on the closing date. The fair values of currency forward contracts are calculated as the present value </span><span style=\"display:inherit;clear:left;\">of future cash flows. The fair values of currency options are calculated using the Black-Scholes option pricing model. The </span><span style=\"display:inherit;clear:left;\">fair values of interest rate swap contracts are calculated as the present value of future cash flows. The fair values of cross-</span><span style=\"display:inherit;clear:left;\">currency interest rate swap contracts are calculated as the present value of future cash flows. The fair values of interest </span><span style=\"display:inherit;clear:left;\">rate options are calculated using generally accepted option valuation models. The fair values of commodity forward </span><span style=\"display:inherit;clear:left;\">contracts are calculated as the present value of future cash flows. The fair values of commodity options are calculated </span><span style=\"display:inherit;clear:left;\">using generally accepted option valuation models.</span><span style=\"display:inherit;clear:left;\">The Group uses credit valuation adjustment for cross-currency interest rate swaps as the maturities of these derivatives </span><span style=\"display:inherit;clear:left;\">are long. The credit valuation adjustment is not done for the rest of the derivatives as the maturities for these are short and </span><span style=\"display:inherit;clear:left;\">the impact would not be material. Credit risk management is described in more detail in note 3.5.</span><span style=\"display:inherit;clear:left;\">Gains and losses arising from changes in the fair value are presented in the financial statements according to the </span><span style=\"display:inherit;clear:left;\">original classification of the derivative. Gains and losses on derivatives qualifying for hedge accounting are recognised </span><span style=\"display:inherit;clear:left;\">in accordance with the nature of the risk being hedged. At inception, derivative contracts are designated as hedges of </span><span style=\"display:inherit;clear:left;\">future cash flows, hedges of the fair value of recognised assets or liabilities and binding purchase contracts (cash flow </span><span style=\"display:inherit;clear:left;\">hedges or fair value hedges) or as derivatives not meeting the hedge accounting criteria or to which hedge accounting </span><span style=\"display:inherit;clear:left;\">is not applied (economic hedges). Hedging of the fair value of net investments of foreign units or embedded derivatives </span><span style=\"display:inherit;clear:left;\">have not been used. </span><span style=\"display:inherit;clear:left;\">At the inception of hedge accounting, Finnair Group documents the economic relationship and the hedge ratio </span><span style=\"display:inherit;clear:left;\">between the hedged item and the hedging instrument, as well as the Group\u2019s risk management objectives and the </span><span style=\"display:inherit;clear:left;\">strategy for the inception of hedging. At the inception of hedging, and at least at the time of each financial statement, </span><span style=\"display:inherit;clear:left;\">the Group documents and assesses the effectiveness of hedge relationships by examining the past and prospective </span><span style=\"display:inherit;clear:left;\">capacity of the hedging instrument to offset changes in the fair value of the hedged item or changes in cash flows. The </span><span style=\"display:inherit;clear:left;\">values of derivatives in a hedging relationship are presented in the balance sheet item Short\u2013term financial asset and </span><span style=\"display:inherit;clear:left;\">liabilities.</span><span style=\"display:inherit;clear:left;\">Finnair Group implements the IFRS hedge accounting principles in the hedging of future cash flows (cash flow hedging). </span><span style=\"display:inherit;clear:left;\">The principles are applied to the price and foreign currency risk of jet fuel, the foreign currency risk of lease payments </span><span style=\"display:inherit;clear:left;\">and the foreign currency risk of highly probable future sales and costs denominated in foreign currencies. The IFRS fair </span><span style=\"display:inherit;clear:left;\">value hedge accounting principles are applied to the hedging of foreign exchange and interest rate risk of aircraft.</span><span style=\"display:inherit;clear:left;\">The change in the fair value of the effective portion of derivative instruments that have been designated and qualify </span><span style=\"display:inherit;clear:left;\">as cash flow hedges are recognised in comprehensive income and presented within equity in the fair value reserve, to </span><span style=\"display:inherit;clear:left;\">the extent that the requirements for the application of hedge accounting have been fulfilled and the hedge is effective. </span><span style=\"display:inherit;clear:left;\">The gains and losses, recognised in the fair value reserve, are transferred to the income statement in the period in which </span><span style=\"display:inherit;clear:left;\">the hedged item is recognised in the income statement. When a hedging instrument expires or is sold, terminated or </span><span style=\"display:inherit;clear:left;\">exercised, or the criteria for cash flow hedge accounting are no longer fulfilled, but the hedged forecast transaction </span><span style=\"display:inherit;clear:left;\">is still expected to occur, the cumulative gain or loss at that point remains in the hedge reserve and is recognised in </span><span style=\"display:inherit;clear:left;\">accordance with the above policy when the transaction occurs. If the underlying hedged transaction is no longer </span><span style=\"display:inherit;clear:left;\">expected to take place, the cumulative unrealised gain or loss recognised in the hedge reserve with respect to the </span><span style=\"display:inherit;clear:left;\">hedging instrument is recognised immediately in the consolidated income statement.</span><span style=\"display:inherit;clear:left;\">The effectiveness of hedging is tested on a quarterly basis. The effective portion of the hedges is recognised in the fair </span><span style=\"display:inherit;clear:left;\">value reserve of other comprehensive income, from which it is transferred to the income statement when the hedged </span><span style=\"display:inherit;clear:left;\">item is realised or, in terms of investments, as an acquisition cost adjustment.</span><span style=\"display:inherit;clear:left;\">Fair value hedging is implemented on firm orders of new aircraft, and in order to hedge the fixed interest rate bond. </span><span style=\"display:inherit;clear:left;\">The binding purchase agreements for new aircraft are treated as firm commitments under IFRS, and therefore, the fair </span><span style=\"display:inherit;clear:left;\">value changes of the hedged part arising from foreign currency movements are recognised in the balance sheet as an </span><span style=\"display:inherit;clear:left;\">asset item, and corresponding gains or losses recognised through profit and loss. Similarly, the fair value of instruments </span><span style=\"display:inherit;clear:left;\">hedging these purchases is presented in the balance sheet as a liability or receivable, and the change in fair value is </span><span style=\"display:inherit;clear:left;\">recognised in profit and loss. </span><span style=\"display:inherit;clear:left;\">The gain or loss related to the effective portion of the interest rate swap, which hedges the fixed interest rate bond, is </span><span style=\"display:inherit;clear:left;\">recognised as financial income or expenses in the income statement. The gain or loss related to the ineffective portion </span><span style=\"display:inherit;clear:left;\">is recognised within other operating income and expenses in the income statement. The change in the fair value </span><span style=\"display:inherit;clear:left;\">attributable to the interest rate risk of the hedged fixed interest rate loans is recognised in the financial expenses in the </span><span style=\"display:inherit;clear:left;\">income statement.</span><span style=\"display:inherit;clear:left;\">If the hedge no longer meets the criteria for hedge accounting, the adjustment to the carrying amount of a hedged </span><span style=\"display:inherit;clear:left;\">item, for which the effective interest method is used, is amortized to profit or loss over the period to maturity.</span><span style=\"display:inherit;clear:left;\">Finnair Group uses cross-currency interest rate swaps in the hedging of the interest rate and foreign exchange risks </span><span style=\"display:inherit;clear:left;\">of foreign currency denominated loans. Cross-currency interest rate swaps are excluded from hedge accounting, </span><span style=\"display:inherit;clear:left;\">and therefore the fair value changes are recognised in derivative assets and liabilities in the balance sheet, as well as </span><span style=\"display:inherit;clear:left;\">in the financial income and expenses in the income statement. The fair value changes of the loans are simultaneously </span><span style=\"display:inherit;clear:left;\">recognised in the financial income and expenses. Realised foreign exchange rate differences, as well as interest income </span><span style=\"display:inherit;clear:left;\">and expenses, are recognised in the financial income and expenses against the exchange rate differences and interest </span><span style=\"display:inherit;clear:left;\">income and expenses of the loan</span><span style=\"display:inherit;clear:left;\">Finnair Group uses jet fuel swaps (forward contracts) and options in the hedging of jet fuel price risk. Unrealised gains </span><span style=\"display:inherit;clear:left;\">and losses on derivatives hedging jet fuel, which are designated as cash flow hedges and fulfil the requirements of IFRS </span><span style=\"display:inherit;clear:left;\">hedge accounting, are recognised in the hedging reserve within other comprehensive income. Accrued derivative </span><span style=\"display:inherit;clear:left;\">gains and losses, recognised in shareholders\u2019 equity, are recognised as income or expense in the income statement </span><span style=\"display:inherit;clear:left;\">in the same financial period as the hedged item is recognised in the income statement. If a forecasted cash flow is no </span><span style=\"display:inherit;clear:left;\">longer expected to occur, and as a result the IFRS hedge accounting criteria are not fulfilled, the fair value changes </span><span style=\"display:inherit;clear:left;\">and the accrued gains and losses reported in shareholders\u2019 equity are transferred to the items affecting comparability </span><span style=\"display:inherit;clear:left;\">in the income statement. Changes in the fair value of jet fuel swaps and options excluded from hedge accounting are </span><span style=\"display:inherit;clear:left;\">recognised in fair value changes in derivatives in the income statement, while the realised result is presented in fuel costs. </span><span style=\"display:inherit;clear:left;\">For forward and option contracts, an economic relationship exists between the hedged item and the hedging </span><span style=\"display:inherit;clear:left;\">instrument as the hedging instrument and the hedged item are expected to move in opposite directions because of </span><span style=\"display:inherit;clear:left;\">the same underlying exposure. This is true for all hedge relationships except for the SING consumption hedged with </span><span style=\"display:inherit;clear:left;\">NWE hedges (as described in section 3.5). In that case, the underlying is different, but the underlying hedged item (SING) </span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Derivative assets gross amounts<span class=\"_ _29c\"> </span><span class=\"ws0\">11.8<span class=\"_ _47\"> </span>23.5</span></span><span style=\"display:inherit;clear:left;\">Amounts of financial assets presented in the balance sheet<span class=\"_ _81\"> </span><span class=\"ws0\">11.8<span class=\"_ _10d\"> </span>23.5</span></span><span style=\"display:inherit;clear:left;\">Enforceable master netting agreement<span class=\"_ _2ff\"> </span><span class=\"ws0\">-11.8<span class=\"_ _10c\"> </span>-21.2</span></span><span style=\"display:inherit;clear:left;\">Derivative assets net amount<span class=\"_ _35b\"> </span><span class=\"ws0\">0.0<span class=\"_ _56\"> </span>2.3</span></span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Derivative liabilities gross amounts<span class=\"_ _35c\"> </span><span class=\"ws0\">-43.4<span class=\"_ _10a\"> </span>-36.7</span></span><span style=\"display:inherit;clear:left;\">Amounts of financial liabilities presented in the balance sheet<span class=\"_ _de\"> </span><span class=\"ws0\">-43.4<span class=\"_ _149\"> </span>-36.7</span></span><span style=\"display:inherit;clear:left;\">Enforceable master netting agreement<span class=\"_ _35d\"> </span><span class=\"ws0\">11.8<span class=\"_ _2d1\"> </span>21.2</span></span><span style=\"display:inherit;clear:left;\">Derivative liabilities net amount<span class=\"_ _35e\"> </span><span class=\"ws0\">-31.5<span class=\"_ _10a\"> </span>-15.5</span></span><span style=\"display:inherit;clear:left;\">and the hedge (NWE) have a historical correlation of 0.99. Therefore, it can be classified as a relationship where the </span><span style=\"display:inherit;clear:left;\">underlying and the hedge are economically closely related. Ineffectiveness on fuel derivatives can also arise from timing </span><span style=\"display:inherit;clear:left;\">differences on the notional amount between the hedged instrument and hedged item, significant changes in credit risk </span><span style=\"display:inherit;clear:left;\">of parties to the hedging relationship and changes in the total amount of the hedged item, for instance if the underlying </span><span style=\"display:inherit;clear:left;\">fuel consumption forecast is not accurate enough, that can result in overhedging. However, as Finnair usually hedges less </span><span style=\"display:inherit;clear:left;\">than 100% of its exposure, the risk of overhedging is insignificant. Finnair has established a hedge ratio of 1:1 for hedging </span><span style=\"display:inherit;clear:left;\">relationships.</span><span style=\"display:inherit;clear:left;\">Finnair uses forward contracts and options to hedge its exposure to foreign currency denominated cash flows. The </span><span style=\"display:inherit;clear:left;\">hedges of cash flows denominated in foreign currencies are treated as cash flow hedges in accounting, in accordance </span><span style=\"display:inherit;clear:left;\">with the hedge accounting principles of IFRS 9. Unrealised gains and losses on hedges of forecasted cash flows </span><span style=\"display:inherit;clear:left;\">qualifying for hedge accounting are recognised in the hedging reserve in OCI, while the change in the fair value of such </span><span style=\"display:inherit;clear:left;\">hedges not qualifying for hedge accounting is recognised in Fair value changes in derivatives and changes in exchange </span><span style=\"display:inherit;clear:left;\">rates of fleet overhauls in the income statement. The change in fair value recognised in the hedging reserve in equity is </span><span style=\"display:inherit;clear:left;\">transferred to the income statement when the hedged transaction is realised. Forward points are included in the hedging </span><span style=\"display:inherit;clear:left;\">instrument and in the hedge relationship. Potential sources of ineffectiveness include changes in the timing of the hedged </span><span style=\"display:inherit;clear:left;\">item, significant changes in the credit risk of parties to the hedging relationship and changes in the total amount of the </span><span style=\"display:inherit;clear:left;\">hedged item, for instance if the underlying cash flow forecast is not accurate enough, that can result in overhedging. </span><span style=\"display:inherit;clear:left;\">However, as Finnair usually hedges less than 100% of its exposure, the risk of overhedging is insignificant. Realised profit </span><span style=\"display:inherit;clear:left;\">or loss on derivatives hedging JPY-denominated operating cash flows is presented in revenue, realised profit or loss on </span><span style=\"display:inherit;clear:left;\">derivatives hedging a group of similar USD costs is proportionally recognised in corresponding expense lines, while profit </span><span style=\"display:inherit;clear:left;\">or loss on derivatives hedging cash flows denominated in other currencies is presented in Other expenses.</span><span style=\"display:inherit;clear:left;\">The hedge ratio is defined as the relationship between the quantity of the hedging instrument and the quantity of </span><span style=\"display:inherit;clear:left;\">the hedged item in terms of their relative weighting. With currency hedging, the hedge ratio is typically 1:1. For forward </span><span style=\"display:inherit;clear:left;\">and option contracts, an economic relationship exists between the hedged item and the hedging instrument as there </span><span style=\"display:inherit;clear:left;\">is an expectation that the value of the hedging instrument and the value of the hedged item would move in opposite </span><span style=\"display:inherit;clear:left;\">directions because of the common underlying exposure. </span><span style=\"display:inherit;clear:left;\">Changes in the fair value of interest rate derivatives not qualifying for hedge accounting are recognised in financial </span><span style=\"display:inherit;clear:left;\">income and expenses in the income statement. Changes in the fair value as well as realised gain or loss on forward </span><span style=\"display:inherit;clear:left;\">contracts used to hedge foreign currency denominated balance sheet items of Finnair Group are recognised in financial </span><span style=\"display:inherit;clear:left;\">expenses. Changes in the fair value and the realised result of hedges of assets held for sale are recognised in Items </span><span style=\"display:inherit;clear:left;\">affecting comparability. </span><span style=\"display:inherit;clear:left;\">Cost of hedging</span><span style=\"display:inherit;clear:left;\">At Finnair, the time value of an option is excluded from the designation of a financial instrument and accounted for as </span><span style=\"display:inherit;clear:left;\">a cost of hedging. Upon initial recognition, Finnair defers any paid premium in the cost of hedging reserve within other </span><span style=\"display:inherit;clear:left;\">comprehensive income. The fair value changes of the time value are recognised in the cost of hedging reserve within </span><span style=\"display:inherit;clear:left;\">other comprehensive income. The premium will be transferred to the consolidated income statement in the same period </span><span style=\"display:inherit;clear:left;\">that the underlying transaction affects the consolidated income statement for transaction-related hedges. As of 31 </span><span style=\"display:inherit;clear:left;\">December 2023, Finnair has deferred premiums only on transaction-related hedges.</span><span style=\"display:inherit;clear:left;\">Critical accounting estimates and sources of uncertainty</span><span style=\"display:inherit;clear:left;\">Finnair accounts for its cash flow hedges of forecasted foreign currency denominated purchases and sales and future </span><span style=\"display:inherit;clear:left;\">jet fuel purchases in accordance with the IFRS 9. Under the hedge accounting principles, a forecast transaction can be </span><span style=\"display:inherit;clear:left;\">designated as a hedged item only if that transaction is considered as highly probable. The evaluation of probability </span><span style=\"display:inherit;clear:left;\">is based on the management forecasts about the future level of Finnair\u2019s operations and cash flows. Such forecasts </span><span style=\"display:inherit;clear:left;\">require the use of management judgement and assumptions, which inherently contain some degree of uncertainty. </span><span style=\"display:inherit;clear:left;\">Should the expected circumstances or outcome change in the future, the management would need to reassess whether </span><span style=\"display:inherit;clear:left;\">a hedged forecast transaction is still highly likely to occur. This could be the case if, for example, the expected recovery </span><span style=\"display:inherit;clear:left;\">and thus the expected jet fuel consumption levels would not realize as expected. Should the forecast transaction no </span><span style=\"display:inherit;clear:left;\">longer be highly probable, it would no longer qualify as an eligible hedged item and hedge accounting would need to </span><span style=\"display:inherit;clear:left;\">be discontinued. Should it no longer be expected to occur at all, the balance of the cash flow hedge reserve included in </span><span style=\"display:inherit;clear:left;\">other comprehensive income would need to be reclassified to profit or loss.</span><span style=\"display:inherit;clear:left;\">* Positive (negative) fair value of hedging instruments as of 31.12.2023 is presented in the statement of financial position in the item </span><span style=\"display:inherit;clear:left;\">derivative financial instruments within current assets (derivative financial instruments within current liabilities). However, during the</span><span style=\"display:inherit;clear:left;\">year 2023 Finnair has resumed normal hedging operations.</span><span style=\"display:inherit;clear:left;\">2023<span class=\"_ _30f\"> </span>2022</span><span style=\"display:inherit;clear:left;\">Positive </span><span style=\"display:inherit;clear:left;\">Negative </span><span style=\"display:inherit;clear:left;\">Positive </span><span style=\"display:inherit;clear:left;\">Negative </span><span style=\"display:inherit;clear:left;\">Nominal </span><span style=\"display:inherit;clear:left;\">fair </span><span style=\"display:inherit;clear:left;\">fair </span><span style=\"display:inherit;clear:left;\">Fair net </span><span style=\"display:inherit;clear:left;\">Nominal </span><span style=\"display:inherit;clear:left;\">fair </span><span style=\"display:inherit;clear:left;\">fair </span><span style=\"display:inherit;clear:left;\">Fair net </span><span style=\"display:inherit;clear:left;\">EUR mill.</span><span style=\"display:inherit;clear:left;\">value</span><span style=\"display:inherit;clear:left;\">values</span><span style=\"display:inherit;clear:left;\">values</span><span style=\"display:inherit;clear:left;\">value</span><span style=\"display:inherit;clear:left;\">value</span><span style=\"display:inherit;clear:left;\">values</span><span style=\"display:inherit;clear:left;\">values</span><span style=\"display:inherit;clear:left;\">value</span><span style=\"display:inherit;clear:left;\">Currency derivatives</span><span style=\"display:inherit;clear:left;\">Jet fuel currency hedging</span><span style=\"display:inherit;clear:left;\">Operational cash flow hedging </span><span style=\"display:inherit;clear:left;\">(forward contracts)<span class=\"_ _360\"> </span><span class=\"ws0\">389.7<span class=\"_ _7d\"> </span>2.0<span class=\"_ _7b\"> </span>-5.5<span class=\"_ _106\"> </span>-3.5<span class=\"_ _32a\"> </span>284.7<span class=\"_ _d\"> </span>0.1<span class=\"_ _7c\"> </span>-7.4<span class=\"_ _26d\"> </span>-7.3</span></span><span style=\"display:inherit;clear:left;\">Operational cash flow hedging, </span><span style=\"display:inherit;clear:left;\">bought options<span class=\"_ _1e8\"> </span><span class=\"ws0\">53.3<span class=\"_ _26b\"> </span>0.0<span class=\"_ _e8\"> </span>-<span class=\"_ _26b\"> </span>0.0<span class=\"_ _c0\"> </span>-<span class=\"_ _129\"> </span>-<span class=\"_ _66\"> </span>-<span class=\"_ _129\"> </span>-</span></span><span style=\"display:inherit;clear:left;\">Operational cash flow hedging, sold </span><span style=\"display:inherit;clear:left;\">options<span class=\"_ _2c9\"> </span>48.9<span class=\"_ _129\"> </span>-<span class=\"_ _83\"> </span>-0.6<span class=\"_ _2b3\"> </span>-0.6<span class=\"_ _c0\"> </span>-<span class=\"_ _361\"> </span>-<span class=\"_ _e8\"> </span>-<span class=\"_ _b7\"> </span>-</span><span style=\"display:inherit;clear:left;\">Fair value hedging of aircraft </span><span style=\"display:inherit;clear:left;\">acquisitions<span class=\"_ _362\"> </span><span class=\"ff1\">158.9<span class=\"_ _78\"> </span>0.1<span class=\"_ _82\"> </span>-1.5<span class=\"_ _106\"> </span>-1.4<span class=\"_ _60\"> </span>183.7<span class=\"_ _b7\"> </span>-<span class=\"_ _7d\"> </span>-11.6<span class=\"_ _79\"> </span>-11.6</span></span><span style=\"display:inherit;clear:left;\">Hedge accounting items total<span class=\"_ _10c\"> </span><span class=\"ws0\">650.7<span class=\"_ _b3\"> </span>2.1<span class=\"_ _64\"> </span>-7.6<span class=\"_ _2b3\"> </span>-5.5<span class=\"_ _11d\"> </span>468.4<span class=\"_ _78\"> </span>0.1<span class=\"_ _106\"> </span>-19.0<span class=\"_ _122\"> </span>-18.9</span></span><span style=\"display:inherit;clear:left;\">Balance sheet hedging (forward </span><span style=\"display:inherit;clear:left;\">contracts)<span class=\"_ _23d\"> </span>321.8<span class=\"_ _7d\"> </span>0.2<span class=\"_ _155\"> </span>-0.1<span class=\"_ _73\"> </span>0.2<span class=\"_ _137\"> </span>337.7<span class=\"_ _71\"> </span>0.4<span class=\"_ _80\"> </span>-0.7<span class=\"_ _2b8\"> </span>-0.3</span><span style=\"display:inherit;clear:left;\">Items outside hedge accounting </span><span style=\"display:inherit;clear:left;\">total<span class=\"_ _17c\"> </span>321.8<span class=\"_ _bb\"> </span>0.2<span class=\"_ _7b\"> </span>-0.1<span class=\"_ _26b\"> </span>0.2<span class=\"_ _122\"> </span>337.7<span class=\"_ _18f\"> </span>0.4<span class=\"_ _100\"> </span>-0.7<span class=\"_ _61\"> </span>-0.3</span><span style=\"display:inherit;clear:left;\">Currency derivatives total<span class=\"_ _b0\"> </span><span class=\"ws0\">972.6<span class=\"_ _71\"> </span>2.3<span class=\"_ _64\"> </span>-7.6<span class=\"_ _2b3\"> </span>-5.3<span class=\"_ _14a\"> </span>806.1<span class=\"_ _26b\"> </span>0.5<span class=\"_ _26d\"> </span>-19.8<span class=\"_ _bd\"> </span>-19.3</span></span><span style=\"display:inherit;clear:left;\">Commodity derivatives</span><span style=\"display:inherit;clear:left;\">Jet fuel forward contracts, tonnes<span class=\"_ _80\"> </span><span class=\"ws0\">422,000<span class=\"_ _78\"> </span>5.3<span class=\"_ _26b\"> </span>-14.9<span class=\"_ _2b8\"> </span>-9.6<span class=\"_ _211\"> </span>209,000<span class=\"_ _78\"> </span>3.4<span class=\"_ _83\"> </span>-6.0<span class=\"_ _106\"> </span>-2.5</span></span><span style=\"display:inherit;clear:left;\">Bought options, jet fuel, tonnes<span class=\"_ _20d\"> </span><span class=\"ws0\">255,000<span class=\"_ _78\"> </span>2.6<span class=\"_ _e8\"> </span>-<span class=\"_ _73\"> </span>2.6<span class=\"_ _7e\"> </span>149,000<span class=\"_ _71\"> </span>4.9<span class=\"_ _80\"> </span>-0.2<span class=\"_ _7d\"> </span>4.8</span></span><span style=\"display:inherit;clear:left;\">Sold options, jet fuel, tonnes<span class=\"_ _d4\"> </span><span class=\"ws0\">255,000<span class=\"_ _361\"> </span>-<span class=\"_ _26e\"> </span>-12.0<span class=\"_ _18\"> </span>-12.0<span class=\"_ _363\"> </span>149,000<span class=\"_ _7d\"> </span>0.2<span class=\"_ _65\"> </span>-7.9<span class=\"_ _26d\"> </span>-7.8</span></span><span style=\"display:inherit;clear:left;\">Hedge accounting items total<span class=\"_ _13f\"> </span><span class=\"ws0\">-<span class=\"_ _7d\"> </span>7.9<span class=\"_ _2b3\"> </span>-26.8<span class=\"_ _14a\"> </span>-18.9<span class=\"_ _c0\"> </span>-<span class=\"_ _26b\"> </span>8.6<span class=\"_ _71\"> </span>-14.1<span class=\"_ _32b\"> </span>-5.6</span></span><span style=\"display:inherit;clear:left;\">Bought options, jet fuel, tonnes<span class=\"_ _59\"> </span><span class=\"ws0\">187,000<span class=\"_ _83\"> </span>1.6<span class=\"_ _e8\"> </span>-<span class=\"_ _83\"> </span>1.6<span class=\"_ _363\"> </span>149,000<span class=\"_ _71\"> </span>0.9<span class=\"_ _e8\"> </span>-<span class=\"_ _71\"> </span>0.9</span></span><span style=\"display:inherit;clear:left;\">Items outside hedge accounting </span><span style=\"display:inherit;clear:left;\">total<span class=\"_ _364\"> </span>-<span class=\"_ _b3\"> </span>1.6<span class=\"_ _66\"> </span>-<span class=\"_ _b3\"> </span>1.6<span class=\"_ _c0\"> </span>-<span class=\"_ _18f\"> </span>0.9<span class=\"_ _66\"> </span>-<span class=\"_ _bb\"> </span>0.9</span><span style=\"display:inherit;clear:left;\">Commodity derivatives total<span class=\"_ _97\"> </span><span class=\"ws0\">-<span class=\"_ _26b\"> </span>9.5<span class=\"_ _2b3\"> </span>-26.8<span class=\"_ _bd\"> </span>-17.4<span class=\"_ _fa\"> </span>-<span class=\"_ _71\"> </span>9.5<span class=\"_ _71\"> </span>-14.1<span class=\"_ _26f\"> </span>-4.6</span></span><span style=\"display:inherit;clear:left;\">Cross currency interest rate swaps<span class=\"_ _77\"> </span><span class=\"ws0\">310.4<span class=\"_ _b7\"> </span>-<span class=\"_ _151\"> </span>-8.9<span class=\"_ _2b8\"> </span>-8.9<span class=\"_ _be\"> </span>253.1<span class=\"_ _70\"> </span>13.5<span class=\"_ _7b\"> </span>-2.8<span class=\"_ _70\"> </span>10.7</span></span><span style=\"display:inherit;clear:left;\">Items outside hedge accounting </span><span style=\"display:inherit;clear:left;\">total<span class=\"_ _365\"> </span>310.4<span class=\"_ _b7\"> </span>-<span class=\"_ _100\"> </span>-8.9<span class=\"_ _61\"> </span>-8.9<span class=\"_ _60\"> </span>253.1<span class=\"_ _61\"> </span>13.5<span class=\"_ _83\"> </span>-2.8<span class=\"_ _61\"> </span>10.7</span><span style=\"display:inherit;clear:left;\">Interest rate derivatives total<span class=\"_ _41\"> </span><span class=\"ws0\">310.4<span class=\"_ _68\"> </span>-<span class=\"_ _100\"> </span>-8.9<span class=\"_ _32b\"> </span>-8.9<span class=\"_ _32a\"> </span>253.1<span class=\"_ _32b\"> </span>13.5<span class=\"_ _83\"> </span>-2.8<span class=\"_ _26f\"> </span>10.7</span></span><span style=\"display:inherit;clear:left;\">Derivatives total *<span class=\"_ _366\"> </span><span class=\"ws0\">-<span class=\"_ _106\"> </span>11.8<span class=\"_ _2b3\"> </span>-43.3<span class=\"_ _bd\"> </span>-31.5<span class=\"_ _fa\"> </span>-<span class=\"_ _367\"> </span>23.5<span class=\"_ _2b8\"> </span>-36.7<span class=\"_ _bd\"> </span>-13.2</span></span><span style=\"display:inherit;clear:left;\">Hedged items in hedge relationships</span><span style=\"display:inherit;clear:left;\">Ratings of derivative counterparties</span><span style=\"display:inherit;clear:left;\">Derivatives realised through profit and loss</span><span style=\"display:inherit;clear:left;\">3.9 Equity-related information</span><span style=\"display:inherit;clear:left;\">  Shareholders\u2019 equity</span><span style=\"display:inherit;clear:left;\">The nominal value of shares had been recognised in the share capital before an amendment to the Articles of </span><span style=\"display:inherit;clear:left;\">Association registered on 22 March 2007. Share issue profit and gains on sale of own shares had been recognised in </span><span style=\"display:inherit;clear:left;\">other restricted funds before the change in the Limited Liability Company Act in 2006.</span><span style=\"display:inherit;clear:left;\">The subscription proceeds from the 2007 share issue less transaction costs after taxes as well as share-based </span><span style=\"display:inherit;clear:left;\">payments according to IFRS 2 have been recognised in the unrestricted equity funds.</span><span style=\"display:inherit;clear:left;\">The rights issue proceeds from 2020 and 2023 less the transaction costs has been recognized in the unrestricted </span><span style=\"display:inherit;clear:left;\">equity funds. </span><span style=\"display:inherit;clear:left;\">Hedging reserve and other OCI items include changes in the fair value of derivative instruments used in cash-flow </span><span style=\"display:inherit;clear:left;\">hedging, in addition to actuarial gains and losses related to defined benefit pension plans, cost of hedging and </span><span style=\"display:inherit;clear:left;\">translation differences.</span><span style=\"display:inherit;clear:left;\">The acquisition cost of repurchased owned shares less transaction costs after taxes is charged to equity until the </span><span style=\"display:inherit;clear:left;\">shares are cancelled or reissued. The consideration received for sale or issue of own shares is included in equity.</span><span style=\"display:inherit;clear:left;\">The dividend proposed by the Board of Directors is not deducted from distributable equity until approved at the </span><span style=\"display:inherit;clear:left;\">Annual General Meeting.</span><span style=\"display:inherit;clear:left;\">Finnair Plc\u2019s share capital, paid in its entirety and registered in the trade register, was at 75,442,904.30 euros at </span><span style=\"display:inherit;clear:left;\">the end of 2022 and 2023. The shares have no nominal value. During the year 2023, Finnair transferred a total </span><span style=\"display:inherit;clear:left;\">of 1,487,760 shares to FlyShare participants, total of 10,670,826 shares to Executive Board Rebuild Incentive Plan </span><span style=\"display:inherit;clear:left;\">participants.</span><span style=\"display:inherit;clear:left;\">Changes in </span><span style=\"display:inherit;clear:left;\">Changes in </span><span style=\"display:inherit;clear:left;\">fair value of </span><span style=\"display:inherit;clear:left;\">Line item </span><span style=\"display:inherit;clear:left;\">fair value of </span><span style=\"display:inherit;clear:left;\">the hedging </span><span style=\"display:inherit;clear:left;\">in the </span><span style=\"display:inherit;clear:left;\">the hedged </span><span style=\"display:inherit;clear:left;\">instrument </span><span style=\"display:inherit;clear:left;\">Accumulated </span><span style=\"display:inherit;clear:left;\">statement </span><span style=\"display:inherit;clear:left;\">item used for </span><span style=\"display:inherit;clear:left;\">used for </span><span style=\"display:inherit;clear:left;\">amount of fair value </span><span style=\"display:inherit;clear:left;\">of financial </span><span style=\"display:inherit;clear:left;\">calculating </span><span style=\"display:inherit;clear:left;\">calculating </span><span style=\"display:inherit;clear:left;\">hedge adjustments </span><span style=\"display:inherit;clear:left;\">position in </span><span style=\"display:inherit;clear:left;\">hedge inef-</span><span style=\"display:inherit;clear:left;\">hedge inef-</span><span style=\"display:inherit;clear:left;\">included in the </span><span style=\"display:inherit;clear:left;\">which the </span><span style=\"display:inherit;clear:left;\">fectiveness, </span><span style=\"display:inherit;clear:left;\">fectiveness, </span><span style=\"display:inherit;clear:left;\">Carrying amount of </span><span style=\"display:inherit;clear:left;\">carrying amount of </span><span style=\"display:inherit;clear:left;\">hedged item </span><span style=\"display:inherit;clear:left;\">previous <span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">previous <span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">the hedged item</span><span style=\"display:inherit;clear:left;\">the hedged item</span><span style=\"display:inherit;clear:left;\">is included</span><span style=\"display:inherit;clear:left;\">12 months</span><span style=\"display:inherit;clear:left;\">12 months</span><span style=\"display:inherit;clear:left;\">31 December 2023<span class=\"_ _e8\"> </span><span class=\"ws0\">Assets<span class=\"_ _368\"> </span>Liabilities<span class=\"_ _32c\"> </span>Assets<span class=\"_ _26a\"> </span>Liabilities</span></span><span style=\"display:inherit;clear:left;\">Cash flow hedges</span><span style=\"display:inherit;clear:left;\">Jet fuel price risk</span><span style=\"display:inherit;clear:left;\">- Forecasted jet fuel </span><span style=\"display:inherit;clear:left;\">purchases<span class=\"_ _2b4\"> </span>-<span class=\"_ _59\"> </span>-<span class=\"_ _58\"> </span>-<span class=\"_ _59\"> </span>-<span class=\"_ _38\"> </span>-<span class=\"_ _b5\"> </span>145.6<span class=\"_ _fd\"> </span>-9.7</span><span style=\"display:inherit;clear:left;\">Foreign exchange risk</span><span style=\"display:inherit;clear:left;\">- Forecasted sales </span><span style=\"display:inherit;clear:left;\">and purchases, USD<span class=\"_ _fd\"> </span><span class=\"ws0\">-<span class=\"_ _58\"> </span>-<span class=\"_ _59\"> </span>-<span class=\"_ _58\"> </span>-<span class=\"_ _1d3\"> </span>-<span class=\"_ _149\"> </span>24.6<span class=\"_ _10a\"> </span>-0.9</span></span><span style=\"display:inherit;clear:left;\">- Forecasted sales </span><span style=\"display:inherit;clear:left;\">and purchases, JPY<span class=\"_ _10b\"> </span><span class=\"ws0\">-<span class=\"_ _58\"> </span>-<span class=\"_ _59\"> </span>-<span class=\"_ _58\"> </span>-<span class=\"_ _1d3\"> </span>-<span class=\"_ _2ec\"> </span>-8.4<span class=\"_ _41\"> </span>2.3</span></span><span style=\"display:inherit;clear:left;\">Fair value hedges</span><span style=\"display:inherit;clear:left;\">Foreign exchange risk</span><span style=\"display:inherit;clear:left;\">Non-current </span><span style=\"display:inherit;clear:left;\">- Aircraft acquisitions<span class=\"_ _3c\"> </span><span class=\"ws0\">1.4<span class=\"_ _153\"> </span>1.4</span></span><span style=\"display:inherit;clear:left;\">assets<span class=\"_ _41\"> </span>11.1<span class=\"_ _fc\"> </span>-3.0</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Better than A<span class=\"_ _2fb\"> </span><span class=\"ws0\">-3.9<span class=\"_ _5e\"> </span>0.7</span></span><span style=\"display:inherit;clear:left;\">A<span class=\"_ _369\"> </span>-20.9<span class=\"_ _47\"> </span>-11.9</span><span style=\"display:inherit;clear:left;\">BBB<span class=\"_ _27e\"> </span>-6.7<span class=\"_ _41\"> </span>-2.0</span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _2a0\"> </span>-31.5<span class=\"_ _fc\"> </span>-13.2</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Jet fuel hedging<span class=\"_ _314\"> </span>Fuel costs<span class=\"_ _2c9\"> </span><span class=\"ws0\">0.6<span class=\"_ _2d1\"> </span>21.3</span></span><span style=\"display:inherit;clear:left;\">Operational cash flow hedging<span class=\"_ _167\"> </span>Fuel costs<span class=\"_ _36a\"> </span><span class=\"ws0\">-7.2<span class=\"_ _51\"> </span>8.4</span></span><span style=\"display:inherit;clear:left;\">Operational cash flow hedging<span class=\"_ _167\"> </span>Aircraft materials and overhaul<span class=\"_ _41\"> </span><span class=\"ws0\">-0.8<span class=\"_ _56\"> </span>0.4</span></span><span style=\"display:inherit;clear:left;\">Operational cash flow hedging<span class=\"_ _167\"> </span>Traffic charges<span class=\"_ _2f9\"> </span><span class=\"ws0\">-0.2<span class=\"_ _1cf\"> </span>0.5</span></span><span style=\"display:inherit;clear:left;\">Operational cash flow hedging<span class=\"_ _167\"> </span><span class=\"ws0\">Revenue<span class=\"_ _2f7\"> </span>4.2<span class=\"_ _1cf\"> </span>0.3</span></span><span style=\"display:inherit;clear:left;\">Expenses of hedge accounting items total<span class=\"_ _227\"> </span><span class=\"ws0\">-3.3<span class=\"_ _47\"> </span>31.0</span></span><span style=\"display:inherit;clear:left;\">Jet fuel hedging<span class=\"_ _314\"> </span>Fuel costs<span class=\"_ _260\"> </span><span class=\"ws0\">-6.1<span class=\"_ _2d1\"> </span>-3.2</span></span><span style=\"display:inherit;clear:left;\">Balance sheet hedging<span class=\"_ _263\"> </span>Financial expenses<span class=\"_ _36b\"> </span><span class=\"ws0\">-8.4<span class=\"_ _30\"> </span>16.6</span></span><span style=\"display:inherit;clear:left;\">Cross-currency interest rate swaps<span class=\"_ _44\"> </span>Financial expenses<span class=\"_ _36c\"> </span><span class=\"ws0\">3.7<span class=\"_ _5e\"> </span>5.5</span></span><span style=\"display:inherit;clear:left;\">Expenses of items outside <span class=\"ws0\"> </span></span><span style=\"display:inherit;clear:left;\">hedge accounting total<span class=\"_ _36d\"> </span><span class=\"ws0\">-10.8<span class=\"_ _47\"> </span>18.9</span></span><span style=\"display:inherit;clear:left;\">Number of shares<span class=\"_ _36e\"> </span><span class=\"ws0\">2023<span class=\"_ _58\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Number of outstanding shares in the beginning of the financial year<span class=\"_ _fe\"> </span><span class=\"ws0\">1,407,001,962<span class=\"_ _19\"> </span>1,405,980,132</span></span><span style=\"display:inherit;clear:left;\">Rights issue<span class=\"_ _36f\"> </span><span class=\"ws0\">19,012,413,069<span class=\"_ _2e1\"> </span>-</span></span><span style=\"display:inherit;clear:left;\">Shares granted from the share-bonus scheme 2019-2021<span class=\"_ _183\"> </span><span class=\"ws0\">-<span class=\"_ _11a\"> </span>119,737</span></span><span style=\"display:inherit;clear:left;\">Shares granted from FlyShare employee share savings plans<span class=\"_ _da\"> </span><span class=\"ws0\">1,487,760<span class=\"_ _e3\"> </span>902,093</span></span><span style=\"display:inherit;clear:left;\">Executive Board Rebuild Incentive Plan<span class=\"_ _187\"> </span><span class=\"ws0\">10,670,826<span class=\"_ _2e1\"> </span>-</span></span><span style=\"display:inherit;clear:left;\">Number of outstanding shares at the end of the financial year<span class=\"_ _15a\"> </span><span class=\"ws0\">20,431,573,617<span class=\"_ _1f0\"> </span>1,407,001,962</span></span><span style=\"display:inherit;clear:left;\">Own shares held by the parent company<span class=\"_ _370\"> </span><span class=\"ws0\">49,565,650<span class=\"_ _f9\"> </span>399,303</span></span><span style=\"display:inherit;clear:left;\">Total number of shares at the end of the financial year<span class=\"_ _371\"> </span><span class=\"ws0\">20,481,139,267<span class=\"_ _211\"> </span>1,407,401,265</span></span><span style=\"display:inherit;clear:left;\">Group\u2019s hedging reserve and other OCI items</span><span style=\"display:inherit;clear:left;\">*Forward and option contracts hedging forecasted sales and purchases denominated in foreign currencies are hedges of </span><span style=\"display:inherit;clear:left;\">a group of similar hedged items, and the amounts reclassified from OCI to P&amp;L are proportionally allocated to different cost </span><span style=\"display:inherit;clear:left;\">lines based on the realised cost amounts. Amounts reclassified to revenue and different cost lines are specified in the table </span><span style=\"display:inherit;clear:left;\">\u201dDerivatives realised through profit or loss\u201d in note 3.8.</span><span style=\"display:inherit;clear:left;\">Maturity dates of fair values recognised in the hedging reserve</span><span style=\"display:inherit;clear:left;\">Rights issue</span><span style=\"display:inherit;clear:left;\">During third quarter of 2023, Finnair organised a rights issue to strenghten its financial position. The aim of the </span><span style=\"display:inherit;clear:left;\">rights issue was reducing Finnair\u2019s financing costs, supporting the implementation of the strategy for sustainable </span><span style=\"display:inherit;clear:left;\">profitable growth in the new operating environment shaped by the COVID-19 pandemic and the closure of </span><span style=\"display:inherit;clear:left;\">Russian airspace and ensuring the Company\u2019s ability for future investments. Through the rights issue Finnair also </span><span style=\"display:inherit;clear:left;\">seeked to reinstate its ability for shareholder distributions. </span><span style=\"display:inherit;clear:left;\">According to the final results of the rights issue, a total of 19,038,769,224 new shares were subscribed for in </span><span style=\"display:inherit;clear:left;\">the offering, corresponding to approximately 100.14 per cent of the offer shares, and thus, the offering was </span><span style=\"display:inherit;clear:left;\">oversubscribed. A total of 18,102,803,535 offer shares were subscribed for pursuant to the exercise of subscription </span><span style=\"display:inherit;clear:left;\">rights. The remaining 909,609,534 offer shares subscribed for without subscription rights were allocated in the </span><span style=\"display:inherit;clear:left;\">secondary subscription in accordance with the terms and conditions of the offering. The subscription price was </span><span style=\"display:inherit;clear:left;\">EUR 0.03 per Offer Share. Gross proceeds of the rights issue were approximately 570.4 million euro, and net </span><span style=\"display:inherit;clear:left;\">proceeds of the rights issue were approximately 558.2 million euro. Gross and net proceeds include the 318.6 million</span><span style=\"display:inherit;clear:left;\">euro pro rata subscription by the State of Finland through the offset of a corresponding amount of the capital loan, </span><span style=\"display:inherit;clear:left;\">granted to Finnair by the State of Finland, which did not generate any proceeds in cash to Finnair.</span><span style=\"display:inherit;clear:left;\">Hybrid bond</span><span style=\"display:inherit;clear:left;\">Finnair issued a 200 million euro hybrid bond during 2020, which was booked to shareholders\u2019 equity (after equity</span><span style=\"display:inherit;clear:left;\">belonging to the holders). The hybrid bond was redeemed in full during third quarter of 2023.</span><span style=\"display:inherit;clear:left;\">Capital loan</span><span style=\"display:inherit;clear:left;\">During 2022 Finnair withdrew a 400 million euro capital loan, which was booked to equity. In Finnair\u2019s rights offering </span><span style=\"display:inherit;clear:left;\">of approximately 558 million euros executed in November 2023, the State of Finland subscribed for its pro rata </span><span style=\"display:inherit;clear:left;\">share of the new shares on the basis of subscription rights allocated to it. The State of Finland paid the subscription </span><span style=\"display:inherit;clear:left;\">price of the shares by offsetting it against a corresponding amount of the principal of the capital loan. This totaled </span><span style=\"display:inherit;clear:left;\">318.6 million euros. Finnair repaid the remainder of the capital loan, i.e. 81.4 million euros, on 24 November 2023 to </span><span style=\"display:inherit;clear:left;\">the State of Finland. In addition, Finnair paid the related interest and other fees of 48.9 million euros to the State.</span><span style=\"display:inherit;clear:left;\">Earnings per share</span><span style=\"display:inherit;clear:left;\">The basic earnings per share figure is calculated by dividing the result for the financial year attributable to the </span><span style=\"display:inherit;clear:left;\">parent company\u2019s shareholders by the weighted average number of shares outstanding during the financial </span><span style=\"display:inherit;clear:left;\">year. The result for the financial year is adjusted for the after-tax amounts of hybrid bond interests and capital </span><span style=\"display:inherit;clear:left;\">loan interests and other fees regardless of payment date, as well as transaction costs of the new hybrid bond </span><span style=\"display:inherit;clear:left;\">issued and premium paid, when a hybrid bond is redeemed. When calculating the earnings per share adjusted </span><span style=\"display:inherit;clear:left;\">for dilution, the weighted average of the number of shares takes into account the diluting effect resulting from </span><span style=\"display:inherit;clear:left;\">the conversion into shares all potentially diluting shares. Finnair has not granted any options.</span><span style=\"display:inherit;clear:left;\">Dividend</span><span style=\"display:inherit;clear:left;\">The Board of Directors proposes to the Annual General Meeting that no dividend is paid for 2023. In accordance </span><span style=\"display:inherit;clear:left;\">with the proposal of the Board of Directors, the Annual General Meeting on 23 March 2023 resolved that no </span><span style=\"display:inherit;clear:left;\">dividend be paid based on the balance sheet adopted for the year 2022.</span><span style=\"display:inherit;clear:left;\">Finnair Plc\u2019s distributable equity </span><span style=\"display:inherit;clear:left;\">Unrealised </span><span style=\"display:inherit;clear:left;\">Line item </span><span style=\"display:inherit;clear:left;\">Amounts </span><span style=\"display:inherit;clear:left;\">gains and </span><span style=\"display:inherit;clear:left;\">affected in </span><span style=\"display:inherit;clear:left;\">reclassified </span><span style=\"display:inherit;clear:left;\">losses </span><span style=\"display:inherit;clear:left;\">profit or loss </span><span style=\"display:inherit;clear:left;\">to profit or </span><span style=\"display:inherit;clear:left;\">recognised </span><span style=\"display:inherit;clear:left;\">because of the </span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _372\"> </span><span class=\"ws0\">2023</span></span><span style=\"display:inherit;clear:left;\">loss</span><span style=\"display:inherit;clear:left;\">in OCI<span class=\"_ _100\"> </span><span class=\"ws0\">2022</span></span><span style=\"display:inherit;clear:left;\">reclassification</span><span style=\"display:inherit;clear:left;\">Jet fuel price hedging<span class=\"_ _16f\"> </span><span class=\"ws0\">-13.2<span class=\"_ _102\"> </span>-0.6<span class=\"_ _41\"> </span>-6.8<span class=\"_ _129\"> </span>-5.9<span class=\"_ _189\"> </span></span>Fuel costs</span><span style=\"display:inherit;clear:left;\">Revenue and cost </span><span style=\"display:inherit;clear:left;\">Operating cash flow hedging<span class=\"_ _a8\"> </span><span class=\"ws0\">-3.5<span class=\"_ _5e\"> </span>3.9<span class=\"_ _2c3\"> </span>-0.1<span class=\"_ _77\"> </span>-7.3</span></span><span style=\"display:inherit;clear:left;\">lines*</span><span style=\"display:inherit;clear:left;\">Hedging of interest related to future </span><span style=\"display:inherit;clear:left;\">Lease payments </span><span style=\"display:inherit;clear:left;\">lease payments<span class=\"_ _2d3\"> </span><span class=\"ws0\">-2.8<span class=\"_ _5e\"> </span>0.7<span class=\"_ _22\"> </span>-<span class=\"_ _104\"> </span>-3.6</span></span><span style=\"display:inherit;clear:left;\">for aircraft</span><span style=\"display:inherit;clear:left;\">The actuarial gains and losses of </span><span style=\"display:inherit;clear:left;\">defined benefit plan<span class=\"_ _373\"> </span><span class=\"ws0\">82.0<span class=\"_ _2e1\"> </span>-<span class=\"_ _3a\"> </span>11.6<span class=\"_ _b9\"> </span>70.4</span></span><span style=\"display:inherit;clear:left;\">Cost of hedging reserve<span class=\"_ _1e5\"> </span><span class=\"ws0\">-1.7<span class=\"_ _2e1\"> </span>-<span class=\"_ _41\"> </span>-4.9<span class=\"_ _c4\"> </span>3.3</span></span><span style=\"display:inherit;clear:left;\">Tax effect<span class=\"_ _63\"> </span><span class=\"ws0\">-12.2<span class=\"_ _22\"> </span>-<span class=\"_ _d2\"> </span>1.9<span class=\"_ _b9\"> </span>-14.1</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _228\"> </span>48.6<span class=\"_ _107\"> </span>4.1<span class=\"_ _f3\"> </span>1.7<span class=\"_ _e3\"> </span>42.8</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _374\"> </span><span class=\"ws0\">2024<span class=\"_ _122\"> </span>2025<span class=\"_ _14a\"> </span>2026<span class=\"_ _32a\"> </span>2027<span class=\"_ _14a\"> </span>2028<span class=\"_ _32e\"> </span>Later<span class=\"_ _128\"> </span>Total</span></span><span style=\"display:inherit;clear:left;\">Jet fuel price hedging<span class=\"_ _375\"> </span><span class=\"ws0\">-11.7<span class=\"_ _7c\"> </span>-1.5<span class=\"_ _66\"> </span>-<span class=\"_ _66\"> </span>-<span class=\"_ _66\"> </span>-<span class=\"_ _66\"> </span>-<span class=\"_ _18f\"> </span>-13.2</span></span><span style=\"display:inherit;clear:left;\">Operating cash flow hedging<span class=\"_ _a8\"> </span><span class=\"ws0\">-3.5<span class=\"_ _66\"> </span>-<span class=\"_ _66\"> </span>-<span class=\"_ _66\"> </span>-<span class=\"_ _66\"> </span>-<span class=\"_ _66\"> </span>-<span class=\"_ _83\"> </span>-3.5</span></span><span style=\"display:inherit;clear:left;\">Hedging of interest related to future </span><span style=\"display:inherit;clear:left;\">lease payments<span class=\"_ _2d3\"> </span><span class=\"ws0\">-0.7<span class=\"_ _100\"> </span>-0.7<span class=\"_ _100\"> </span>-0.7<span class=\"_ _100\"> </span>-0.7<span class=\"_ _82\"> </span>0.0<span class=\"_ _189\"> </span>-<span class=\"_ _100\"> </span>-2.8</span></span><span style=\"display:inherit;clear:left;\">The actuarial gains and losses of </span><span style=\"display:inherit;clear:left;\">defined benefit plan<span class=\"_ _373\"> </span><span class=\"ws0\">82.0<span class=\"_ _66\"> </span>-<span class=\"_ _66\"> </span>-<span class=\"_ _66\"> </span>-<span class=\"_ _66\"> </span>-<span class=\"_ _66\"> </span>-<span class=\"_ _bb\"> </span>82.0</span></span><span style=\"display:inherit;clear:left;\">Cost of hedging reserve<span class=\"_ _1e5\"> </span><span class=\"ws0\">-1.7<span class=\"_ _66\"> </span>-<span class=\"_ _66\"> </span>-<span class=\"_ _66\"> </span>-<span class=\"_ _66\"> </span>-<span class=\"_ _66\"> </span>-<span class=\"_ _155\"> </span>-1.7</span></span><span style=\"display:inherit;clear:left;\">Tax effect<span class=\"_ _376\"> </span><span class=\"ws0\">-12.9<span class=\"_ _23\"> </span>0.5<span class=\"_ _e3\"> </span>0.1<span class=\"_ _103\"> </span>0.1<span class=\"_ _377\"> </span>0.0<span class=\"_ _66\"> </span>-<span class=\"_ _18f\"> </span>-12.2</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _378\"> </span>51.5<span class=\"_ _64\"> </span>-1.8<span class=\"_ _7d\"> </span>-0.6<span class=\"_ _7d\"> </span>-0.6<span class=\"_ _7b\"> </span>0.0<span class=\"_ _189\"> </span>-<span class=\"_ _26d\"> </span>48.6</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Result for the financial year, EUR mill.<span class=\"_ _2d6\"> </span><span class=\"ws0\">254.3<span class=\"_ _20d\"> </span>-476.2</span></span><span style=\"display:inherit;clear:left;\">Hybrid bond interest, EUR mill.<span class=\"_ _35b\"> </span><span class=\"ws0\">-13.7<span class=\"_ _39\"> </span>-20.5</span></span><span style=\"display:inherit;clear:left;\">Capital loan cost, EUR mill.<span class=\"_ _29d\"> </span><span class=\"ws0\">-32.9<span class=\"_ _fd\"> </span>-15.9</span></span><span style=\"display:inherit;clear:left;\">Tax effect<span class=\"_ _31c\"> </span><span class=\"ws0\">9.3<span class=\"_ _107\"> </span>7.3</span></span><span style=\"display:inherit;clear:left;\">Adjusted result for the financial year<span class=\"_ _379\"> </span><span class=\"ws0\">216.9<span class=\"_ _26c\"> </span>-505.3</span></span><span style=\"display:inherit;clear:left;\">Weighted average number of shares, mill. Pcs<span class=\"_ _49\"> </span><span class=\"ws0\">9,640.7<span class=\"_ _87\"> </span>8,380.5</span></span><span style=\"display:inherit;clear:left;\">Basic earnings per share, EUR<span class=\"_ _209\"> </span><span class=\"ws0\">0.022<span class=\"_ _11a\"> </span>-0.060</span></span><span style=\"display:inherit;clear:left;\">Diluted earnings per share, EUR<span class=\"_ _2d5\"> </span><span class=\"ws0\">0.022<span class=\"_ _26c\"> </span>-0.060</span></span><span style=\"display:inherit;clear:left;\">Effect of own shares, EUR<span class=\"_ _37a\"> </span><span class=\"ws0\">0.000<span class=\"_ _204\"> </span>0.000</span></span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _37b\"> </span><span class=\"ws0\">2023</span></span><span style=\"display:inherit;clear:left;\">Hedging reserve<span class=\"_ _37c\"> </span><span class=\"ws0\">-14.7</span></span><span style=\"display:inherit;clear:left;\">Unrestricted equity funds<span class=\"_ _18b\"> </span><span class=\"ws0\">1,344.4</span></span><span style=\"display:inherit;clear:left;\">Retained earnings<span class=\"_ _37d\"> </span><span class=\"ws0\">-1,088.0</span></span><span style=\"display:inherit;clear:left;\">Result for the financial year<span class=\"_ _220\"> </span><span class=\"ws0\">231.5</span></span><span style=\"display:inherit;clear:left;\">Distributable equity total<span class=\"_ _299\"> </span><span class=\"ws0\">473.1</span></span><span style=\"display:inherit;clear:left;\">4 Consolidation</span><span style=\"display:inherit;clear:left;\">  Notes under the Consolidation section include a description of the general consolidation principles and </span><span style=\"display:inherit;clear:left;\">methods of consolidation. The aim of the section is to provide an overall picture of the group\u2019s structure and </span><span style=\"display:inherit;clear:left;\">principles applied in preparing consolidated financial statements and classifying ownership interests. In </span><span style=\"display:inherit;clear:left;\">addition, notes include information about subsidiaries and joint ventures held, acquired or sold by the group.  </span><span style=\"display:inherit;clear:left;\">4.1 General consolidation principles</span><span style=\"display:inherit;clear:left;\">Consolidation</span><span style=\"display:inherit;clear:left;\">Consolidation, the consolidation method and classification of ownership interests depend on whether Group </span><span style=\"display:inherit;clear:left;\">has power to control or jointly control the entity or if it has significant influence or other interests in the entity. </span><span style=\"display:inherit;clear:left;\">When Group has the power to control the entity, it is consolidated as a subsidiary in the group according to </span><span style=\"display:inherit;clear:left;\">principles described in the note 4.2 Subsidiaries. When Group has joint control or significant influence over an </span><span style=\"display:inherit;clear:left;\">entity but does not have the power to control, an entity is accounted for by using the equity method according </span><span style=\"display:inherit;clear:left;\">to principles set in note 4.4 Investments in associates and  joint ventures. If Group does not have power to control </span><span style=\"display:inherit;clear:left;\">nor significant influence in the entity, its ownership interests are classified as financial assets available for sale </span><span style=\"display:inherit;clear:left;\">and accounted for according to principles described in the note 3.2 Financial assets.</span><span style=\"display:inherit;clear:left;\">4.2 Subsidiaries</span><span style=\"display:inherit;clear:left;\">  Consolidation principles of subsidiaries</span><span style=\"display:inherit;clear:left;\">Finnair Plc\u2019s consolidated financial statements include the parent company Finnair Plc and all of its subsidiaries. </span><span style=\"display:inherit;clear:left;\">Subsidiaries are defined as companies in which Finnair has control. Control exists when Finnair has rights to variable </span><span style=\"display:inherit;clear:left;\">returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. </span><span style=\"display:inherit;clear:left;\">Usually Finnair has power over the entity when it owns more than 50% of the votes or where Finnair otherwise has </span><span style=\"display:inherit;clear:left;\">the power to govern the financial and operating policies. The acquired subsidiaries are included in the consolidated </span><span style=\"display:inherit;clear:left;\">financial statements from the day the Group has control, and disposed subsidiaries until the control ceases.</span><span style=\"display:inherit;clear:left;\">Acquired and established companies are accounted for using the acquisition method of accounting. Accordingly, </span><span style=\"display:inherit;clear:left;\">the acquired company\u2019s identifiable assets, liabilities and contingent liabilities are measured at fair value on the date </span><span style=\"display:inherit;clear:left;\">of acquisition. The excess between purchase price and fair value of the Group\u2019s share of the identifiable net assets is </span><span style=\"display:inherit;clear:left;\">recognised as goodwill.</span><span style=\"display:inherit;clear:left;\">All inter-company transactions, balances and unrealised gains on transactions between group companies are </span><span style=\"display:inherit;clear:left;\">eliminated. Unrealised losses are also eliminated unless there is evidence of impairment related to the transferred </span><span style=\"display:inherit;clear:left;\">asset. The accounting principles of subsidiaries have been changed to correspond Group\u2019s accounting policies.  </span><span style=\"display:inherit;clear:left;\">Subsidiaries</span><span style=\"display:inherit;clear:left;\">4.3 Acquisitions and divestments</span><span style=\"display:inherit;clear:left;\">There were no business acquisitions or divestments in 2023 and 2022. </span><span style=\"display:inherit;clear:left;\">4.4 Investments in joint ventures</span><span style=\"display:inherit;clear:left;\">  Companies where the Group has joint control with another entity and significant decisions require both parties </span><span style=\"display:inherit;clear:left;\">approval are considered as joint ventures and those are accounted for using the equity method. The group has </span><span style=\"display:inherit;clear:left;\">no joint arrangements classified as joint operations in which the group would have rights to shares in the assets or </span><span style=\"display:inherit;clear:left;\">liabilities of the joint ventures and which it would combine with its balance sheet.</span><span style=\"display:inherit;clear:left;\">The investment in joint ventures include goodwill recognized at the time of acquisition. The Group recognises its </span><span style=\"display:inherit;clear:left;\">share of the post-acquisition results in joint ventures in the income statement. When the Group\u2019s share of losses in a </span><span style=\"display:inherit;clear:left;\">joint venture equals or exceeds its interest in the joint venture, the Group does not recognise further losses, unless it has </span><span style=\"display:inherit;clear:left;\">incurred obligations on behalf of the joint venture.</span><span style=\"display:inherit;clear:left;\">Results from the transactions between the Group and its joint ventures are recognised only to the extent of unrelated </span><span style=\"display:inherit;clear:left;\">investor\u2019s interests in the joint ventures. The Group determines at each reporting date whether there is any objective </span><span style=\"display:inherit;clear:left;\">evidence that the investment in the joint ventures is impaired. In case of such indications, Group calculates the amount </span><span style=\"display:inherit;clear:left;\">of impairment as the difference between the recoverable amount of the joint venture and its carrying value. The </span><span style=\"display:inherit;clear:left;\">impairment is recognised in share of results in joint ventures.</span><span style=\"display:inherit;clear:left;\">Accounting policies of joint ventures have been changed to correspond with the accounting policies adopted by </span><span style=\"display:inherit;clear:left;\">the Group. If financial statements for the period are not available, the share of the profit of certain joint ventures is </span><span style=\"display:inherit;clear:left;\">included in the consolidated accounts based on the preliminary financial statements or latest available information. </span><span style=\"display:inherit;clear:left;\">Information on the Group\u2019s joint ventures</span><span style=\"display:inherit;clear:left;\">Nordic Regional Airlines AB (Norra) operates mainly purchased traffic for Finnair. The owners (Finnair 40% and </span><span style=\"display:inherit;clear:left;\">Danish Air Transport 60%) have joint control over the entity. In the balance sheet of Finnair, Norra has been </span><span style=\"display:inherit;clear:left;\">classified as a joint venture.</span><span style=\"display:inherit;clear:left;\">The result of associated companies and joint ventures for 2023 was 0.5 (0.5) million euros, of which Finnair\u2019s </span><span style=\"display:inherit;clear:left;\">share was 0.0 (0.0) million euros. Investments in joint ventures in consolidated balance sheet were 0.0 (0.0) </span><span style=\"display:inherit;clear:left;\">million euros. More information on transactions with joint ventures can be found in the note 4.5 Related party </span><span style=\"display:inherit;clear:left;\">transactions.</span><span style=\"display:inherit;clear:left;\">4.5 Related party transactions</span><span style=\"display:inherit;clear:left;\">Related parties of the Finnair group includes its subsidiaries, management (the Board of Directors, the President </span><span style=\"display:inherit;clear:left;\">and CEO and the Executive Board), their close family members and companies controlled by them or their close</span><span style=\"display:inherit;clear:left;\">family members, associated companies and joint ventures, Finnair pension fund and Finnair Group sickness </span><span style=\"display:inherit;clear:left;\">fund. Subsidiaries are listed in the note 4.2 and joint ventures in note 4.4. Related party transactions include such </span><span style=\"display:inherit;clear:left;\">operations that are not eliminated in the group\u2019s consolidated financial statement.</span>The State of Finland <span style=\"display:inherit;clear:left;\">which has control over Finnair owns 55.7% (55.9%) of Finnair\u2019s shares. During financial </span><span style=\"display:inherit;clear:left;\">year 2023 the State of Finland participated in the rights issue in proportion to its holding by offsetting the </span><span style=\"display:inherit;clear:left;\">aggregate subscription price 318.6 million euros against a corresponding amount of the principal of the capital </span><span style=\"display:inherit;clear:left;\">loan. Guarantee related to the pension premium loan from the State of Finland and during the reporting period </span><span style=\"display:inherit;clear:left;\">repaid capital loan to the State of Finland are described in the note 3.3 Financial liabilities. All the transactions </span><span style=\"display:inherit;clear:left;\">with other government owned companies and other related parties are on arm\u2019s length basis, and are on similar</span><span style=\"display:inherit;clear:left;\">Group </span><span style=\"display:inherit;clear:left;\">Group </span><span style=\"display:inherit;clear:left;\">Name of the company</span><span style=\"display:inherit;clear:left;\">ownership %<span class=\"_ _272\"> </span>Name of the company</span><span style=\"display:inherit;clear:left;\">ownership %</span><span style=\"display:inherit;clear:left;\">Finnair Cargo Oy, Finland<span class=\"_ _37e\"> </span><span class=\"ws0\">100.0<span class=\"_ _272\"> </span></span>Amadeus Finland Oy, Finland<span class=\"_ _37f\"> </span><span class=\"ws0\">95.0</span></span><span style=\"display:inherit;clear:left;\">Oy Aurinkomatkat - Suntours Ltd Ab, </span><span style=\"display:inherit;clear:left;\">Finnair Aircraft Finance Oy, Finland<span class=\"_ _13f\"> </span><span class=\"ws0\">100.0</span></span><span style=\"display:inherit;clear:left;\">Finland<span class=\"_ _380\"> </span>100.0</span><span style=\"display:inherit;clear:left;\">Finnair Technical Services Oy, Finland<span class=\"_ _108\"> </span><span class=\"ws0\">100.0<span class=\"_ _272\"> </span></span>Aurinko O\u00fc, Estonia<span class=\"_ _165\"> </span><span class=\"ws0\">100.0</span></span><span style=\"display:inherit;clear:left;\">Finnair Engine Services Oy, Finland<span class=\"_ _86\"> </span><span class=\"ws0\">100.0<span class=\"_ _272\"> </span></span>Matkayhtym\u00e4 Oy, Finland<span class=\"_ _36c\"> </span><span class=\"ws0\">100.0</span></span><span style=\"display:inherit;clear:left;\">Finnair Kitchen Oy, Finland<span class=\"_ _18a\"> </span><span class=\"ws0\">100.0<span class=\"_ _381\"> </span></span>FTS Financial Services Oy, Finland<span class=\"_ _19c\"> </span><span class=\"ws0\">100.0</span></span><span style=\"display:inherit;clear:left;\">Kiinteist\u00f6 Oy Lentokonehuolto, Finland<span class=\"_ _51\"> </span><span class=\"ws0\">100.0<span class=\"_ _381\"> </span></span>Finnair Business Services O\u00fc, Estonia<span class=\"_ _2b\"> </span><span class=\"ws0\">100.0</span></span><span style=\"display:inherit;clear:left;\">Northport Oy, Finland<span class=\"_ _de\"> </span><span class=\"ws0\">100.0</span></span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _10e\"> </span><span class=\"ws0\">Domicile<span class=\"_ _d\"> </span>Assets<span class=\"_ _e\"> </span>Liabilities<span class=\"_ _74\"> </span>Revenue<span class=\"_ _363\"> </span>Profit/Loss<span class=\"_ _19\"> </span></span>Holding %</span><span style=\"display:inherit;clear:left;\">31 Dec 2023<span class=\"_ _20c\"> </span><span class=\"ws0\">Sweden<span class=\"_ _87\"> </span>110.7<span class=\"_ _361\"> </span>110.4<span class=\"_ _fb\"> </span>84.0<span class=\"_ _58\"> </span>0.5<span class=\"_ _155\"> </span>40.00</span></span><span style=\"display:inherit;clear:left;\">31 Dec 2022<span class=\"_ _20c\"> </span><span class=\"ws0\">Sweden<span class=\"_ _1fa\"> </span>133.9<span class=\"_ _1fa\"> </span>134.2<span class=\"_ _e8\"> </span>77.1<span class=\"_ _58\"> </span>0.5<span class=\"_ _155\"> </span>40.00</span></span><span style=\"display:inherit;clear:left;\">5 Other notes</span><span style=\"display:inherit;clear:left;\">  Other notes include all such notes that do not specifically relate to any previous subject matters.  </span><span style=\"display:inherit;clear:left;\">5.1 Income taxes</span><span style=\"display:inherit;clear:left;\">  The tax expense for the period includes current and deferred tax and adjustments to previous years\u2019 taxation. Tax </span><span style=\"display:inherit;clear:left;\">is  <span class=\"_ _0\"></span>recognised in the income statement, except to the extent that it relates to items recognised in other comprehensive </span><span style=\"display:inherit;clear:left;\">income or other equity items.</span><span style=\"display:inherit;clear:left;\">Deferred taxes are calculated for temporary differences between accounting and taxation using the valid tax </span><span style=\"display:inherit;clear:left;\">rates for future years at the closing date. Deferred tax asset is recognised to the extent that realisation of the related </span><span style=\"display:inherit;clear:left;\">tax benefit through future profits is probable. Temporary differences arise mainly from sales of tangible assets and </span><span style=\"display:inherit;clear:left;\">depreciation, right-of-use assets, lease liabilities and tax losses. Deferred tax is recognised for foreign subsidiaries\u2019 </span><span style=\"display:inherit;clear:left;\">undistributed earnings only when related tax effects are probable.</span><span style=\"display:inherit;clear:left;\">Deferred tax assets and liabilities are netted when they are levied by the same taxing authority and Finnair has a </span><span style=\"display:inherit;clear:left;\">legally enforceable right to set off the balances.  </span><span style=\"display:inherit;clear:left;\">  Deferred taxes</span><span style=\"display:inherit;clear:left;\">Recognition of deferred tax asset is based on management estimates and require the use of management </span><span style=\"display:inherit;clear:left;\">judgement in order to assess whether there will be sufficient taxable profits flowing to the company in the future. </span><span style=\"display:inherit;clear:left;\">The expectations used in the calculation are based on the latest management forecast at the reporting date and </span><span style=\"display:inherit;clear:left;\">use assumptions that are consistent with those used elsewhere in the financial statements. The level of uncertainty </span><span style=\"display:inherit;clear:left;\">in Finnair\u2019s operating environment has decreased significantly during 2023 as a result of the improved business </span><span style=\"display:inherit;clear:left;\">conditions and the successful execution of the new strategy. This has resulted in significant increase in passenger </span><span style=\"display:inherit;clear:left;\">revenue and profitability, on top of which the management\u2019s profitability outlook has improved. Although the closure </span><span style=\"display:inherit;clear:left;\">of Russian airspace is expected to affect the routings and operating costs of Finnair flights to Asia for a longer time, </span><span style=\"display:inherit;clear:left;\">the management estimated in connection with its strategy update made in the second quarter of 2023 that Finnair </span><span style=\"display:inherit;clear:left;\">will reach comparable operating profit margin target of 6 per cent by the end of 2025. As a result of the normalization </span><span style=\"display:inherit;clear:left;\">of the business environment, Finnair\u2019s management has prepared a single forecast scenario in connection with the </span><span style=\"display:inherit;clear:left;\">preparation of the consolidated financial statements as opposed to the multiple scenarios used in the prior year </span><span style=\"display:inherit;clear:left;\">financial statements. In financial year 2022, deferred tax asset was written down from the taxable losses of 2020-2021, </span><span style=\"display:inherit;clear:left;\">and deferred tax asset from the 2022 loss was not recognized. In financial year 2023, deferred tax asset written down </span><span style=\"display:inherit;clear:left;\">in the previous financial year was fully re-recognised and a major part of deferred tax asset for taxable loss of 2022 </span><span style=\"display:inherit;clear:left;\">was recognised in the balance sheet. Finnair expects to be able to use the tax losses remaining on balance sheet in </span><span style=\"display:inherit;clear:left;\">advance of 10 years expiry date.  </span><span style=\"display:inherit;clear:left;\">Global minimum tax framework (Pillar Two)</span><span style=\"display:inherit;clear:left;\">The OECD introduced Global Anti-Base Erosion (GloBE) Rules rules for a new global minimum tax framework </span><span style=\"display:inherit;clear:left;\">(Pillar Two) at the end of 2021 and in December 2022, the EU Minimum Tax Directive (Pillar Two) was entered into </span><span style=\"display:inherit;clear:left;\">force. The EU Directive is set to implement a global minimum tax rate of 15% for multinational enterprises and </span><span style=\"display:inherit;clear:left;\">large-scale domestic groups and it is applicable within EU starting from 2024. To provide transitional relief for </span><span style=\"display:inherit;clear:left;\">Pillar Two tax compliance and administrative burden, the OECD has introduced a Framework for Transitional </span><span style=\"display:inherit;clear:left;\">Safe CbCR Safe Harbours applicable for Transition Period covering fiscal years 2024\u20132026.</span><span style=\"display:inherit;clear:left;\">Finnair has taken measures for assessing its potential exposure to Pillar Two rules and based on its initial </span><span style=\"display:inherit;clear:left;\">assessment it does not anticipate material top-up tax adjustments during the transitional period 2024\u20132026. </span><span style=\"display:inherit;clear:left;\">Finnair will monitor the development of regulatory updates, as OECD is expected to publish additional guidance</span><span style=\"display:inherit;clear:left;\">and details concerning for example aviation industry, permanent safe harbours frameworks and Qualified </span><span style=\"display:inherit;clear:left;\">Domestic Minimum Tax Regimes.</span><span style=\"display:inherit;clear:left;\">terms than transactions carried out with independent parties. The following transactions have taken place with </span><span style=\"display:inherit;clear:left;\">related party entities:</span><span style=\"display:inherit;clear:left;\">Employee benefits and non-current receivables from pension fund are related to defined benefit pension </span><span style=\"display:inherit;clear:left;\">plans in Finnair pension fund. These are described more detailed in the note 1.3.8.2. Management remuneration </span><span style=\"display:inherit;clear:left;\">is presented in note 1.3.8. Management has not been granted any loans and there have not been any other </span><span style=\"display:inherit;clear:left;\">transactions with management. More information on joint venture can be found in the note 4.4.</span><span style=\"display:inherit;clear:left;\">Finnair pension fund</span><span style=\"display:inherit;clear:left;\">The Finnair pension fund in Finland is a stand-alone legal entity which mainly provides additional pension </span><span style=\"display:inherit;clear:left;\">coverage to Finnair\u2019s personnel in the form of defined benefit plan, and manages related pension assets. The </span><span style=\"display:inherit;clear:left;\">assets include Finnair\u2019s shares representing 0.1% (0.1%) of the company\u2019s outstanding shares. Real estate and </span><span style=\"display:inherit;clear:left;\">premises owned by the pension fund have been mainly leased to Finnair. In 2023 and 2022 Finnair did not pay </span><span style=\"display:inherit;clear:left;\">any contributions to the fund. Pension asset was 127.9 million euros (119.7) at the end of the financial year.</span><span style=\"display:inherit;clear:left;\">Finnair sickness fund</span><span style=\"display:inherit;clear:left;\">The Finnair sickness fund in Finland is a stand-alone legal entity which provides its members the possibility to </span><span style=\"display:inherit;clear:left;\">seek best possible care by compensating related medical costs. The fund\u2019s sphere of operation consists of </span><span style=\"display:inherit;clear:left;\">persons (members) employed by group companies (shareholders). The activities of the insurance fund are </span><span style=\"display:inherit;clear:left;\">financed by contributions collected from shareholders and members.</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Sales of goods and services</span><span style=\"display:inherit;clear:left;\">Joint venture<span class=\"_ _339\"> </span><span class=\"ws0\">25.4<span class=\"_ _2be\"> </span>25.7</span></span><span style=\"display:inherit;clear:left;\">Pension fund<span class=\"_ _382\"> </span><span class=\"ws0\">0.2<span class=\"_ _1cf\"> </span>0.3</span></span><span style=\"display:inherit;clear:left;\">Sickness fund<span class=\"_ _241\"> </span><span class=\"ws0\">0.3<span class=\"_ _297\"> </span>0.0</span></span><span style=\"display:inherit;clear:left;\">Employee benefits</span><span style=\"display:inherit;clear:left;\">Pension fund<span class=\"_ _383\"> </span><span class=\"ws0\">8.3<span class=\"_ _297\"> </span>11.2</span></span><span style=\"display:inherit;clear:left;\">Sickness fund<span class=\"_ _2fb\"> </span><span class=\"ws0\">0.8<span class=\"_ _56\"> </span>0.6</span></span><span style=\"display:inherit;clear:left;\">CEO and Executive Board<span class=\"_ _384\"> </span><span class=\"ws0\">7.5<span class=\"_ _d2\"> </span>4.1</span></span><span style=\"display:inherit;clear:left;\">The Board of Directors<span class=\"_ _21d\"> </span><span class=\"ws0\">0.4<span class=\"_ _295\"> </span>0.4</span></span><span style=\"display:inherit;clear:left;\">Purchases of goods and services</span><span style=\"display:inherit;clear:left;\">Joint venture<span class=\"_ _2d0\"> </span><span class=\"ws0\">84.7<span class=\"_ _282\"> </span>78.2</span></span><span style=\"display:inherit;clear:left;\">Pension fund<span class=\"_ _385\"> </span><span class=\"ws0\">1.6<span class=\"_ _1cf\"> </span>2.0</span></span><span style=\"display:inherit;clear:left;\">Financial income</span><span style=\"display:inherit;clear:left;\">Pension fund<span class=\"_ _382\"> </span><span class=\"ws0\">4.4<span class=\"_ _56\"> </span>0.6</span></span><span style=\"display:inherit;clear:left;\">Receivables</span><span style=\"display:inherit;clear:left;\">Joint venture<span class=\"_ _18b\"> </span><span class=\"ws0\">6.7<span class=\"_ _51\"> </span>6.4</span></span><span style=\"display:inherit;clear:left;\">Pension fund<span class=\"_ _386\"> </span><span class=\"ws0\">128.1<span class=\"_ _2ec\"> </span>119.9</span></span><span style=\"display:inherit;clear:left;\">Liabilities</span><span style=\"display:inherit;clear:left;\">Joint venture<span class=\"_ _220\"> </span><span class=\"ws0\">4.6<span class=\"_ _5e\"> </span>4.3</span></span><span style=\"display:inherit;clear:left;\">Pension fund<span class=\"_ _387\"> </span><span class=\"ws0\">25.6<span class=\"_ _30\"> </span>13.0</span></span><span style=\"display:inherit;clear:left;\">Sickness fund<span class=\"_ _2f\"> </span><span class=\"ws0\">0.1<span class=\"_ _2e1\"> </span>-</span></span><span style=\"display:inherit;clear:left;\">Income taxes</span><span style=\"display:inherit;clear:left;\">The reconciliation of income taxes to theoretical tax cost calculated at Finnish tax rate</span><span style=\"display:inherit;clear:left;\">Distributing retained earnings of foreign subsidiaries as dividends would cause a tax effect of 0.4 million euros (0.3).</span><span style=\"display:inherit;clear:left;\">Deferred tax assets and liabilities</span><span style=\"display:inherit;clear:left;\">The Group has evaluated the nature and classification of deferred tax assets. Based on the evaluation, </span><span style=\"display:inherit;clear:left;\">deferred tax assets and liabilities levied by the same taxing authority met the requirements for offset eligibility in </span><span style=\"display:inherit;clear:left;\">accordance with IAS 12 standard. The deferred tax assets and liabilities are shown net on the balance sheet.</span><span style=\"display:inherit;clear:left;\">Changes in deferred taxes during 2023:</span><span style=\"display:inherit;clear:left;\">* The deferred tax asset (145 million euros) related to confirmed losses recognised in the income statement during the reporting </span><span style=\"display:inherit;clear:left;\">period is offset against the deduction of the deferred tax asset recognised against taxable profit for the reporting period (29 </span><span style=\"display:inherit;clear:left;\">million euros). In addition, the deferred tax asset related to confirmed losses was recognized in equity for capital loan costs (9.8 </span><span style=\"display:inherit;clear:left;\">million euros).</span><span style=\"display:inherit;clear:left;\">** The amendment to IAS 12 applicable from 1 January 2023 requires that a separate deferred tax asset and deferred tax </span><span style=\"display:inherit;clear:left;\">liability are recognised related to lease agreements and aircraft presented as owned in Finnair\u2019s accounting and financed </span><span style=\"display:inherit;clear:left;\">by the JOLCO loans and export credit support, when the temporary differences arising on the initial recognition of an asset </span><span style=\"display:inherit;clear:left;\">and a liability are equal. The comparison period has been adjusted accordingly. The amendment has no effect on Finnair\u2019s </span><span style=\"display:inherit;clear:left;\">consolidated balance sheet, as deferred tax assets and liabilities can be netted.</span><span style=\"display:inherit;clear:left;\">Finnair\u2019s taxable result turned profitable in year 2023 and a part of tax losses for 2020\u20132021 were utilized. </span><span style=\"display:inherit;clear:left;\">Finnair\u2019s management is continuously monitoring the probability of utilizing deferred tax assets and considers </span><span style=\"display:inherit;clear:left;\">both positive and negative evidence in the assessment. Based on the criteria outlined in IAS 12 and the </span><span style=\"display:inherit;clear:left;\">management\u2019s assessment of the Finnair Group\u2019s forecasted future profits and performance, in the financial </span><span style=\"display:inherit;clear:left;\">year 2023 Finnair fully re-recognized to its balance sheet a deferred tax assets of 117 million euros, which </span><span style=\"display:inherit;clear:left;\">was written down in the financial year 2022. In addition, to the extent that the positive evidence supported, a </span><span style=\"display:inherit;clear:left;\">deferred tax asset of 28 million euros was recognized for part of the tax losses accumulated during 2022. The </span><span style=\"display:inherit;clear:left;\">management has concluded at the time of the preparation of the consolidated financial statements, that </span><span style=\"display:inherit;clear:left;\">Finnair\u2019s successful implementation of its renewed strategy and the re-established pattern of profitability as </span><span style=\"display:inherit;clear:left;\">well as the management forecast of future taxable profit provide positive evidence about its ability to utilize the </span><span style=\"display:inherit;clear:left;\">unused tax losses and other deductible temporary differences.</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Result before taxes<span class=\"_ _38a\"> </span><span class=\"ws0\">119.1<span class=\"_ _204\"> </span>-370.7</span></span><span style=\"display:inherit;clear:left;\">Taxes calculated using the Finnish tax rate 20%<span class=\"_ _38b\"> </span><span class=\"ws0\">-23.8<span class=\"_ _2d1\"> </span>74.1</span></span><span style=\"display:inherit;clear:left;\">Different tax rates of foreign subsidiaries<span class=\"_ _38c\"> </span><span class=\"ws0\">0.1<span class=\"_ _50\"> </span>0.1</span></span><span style=\"display:inherit;clear:left;\">Tax-exempt income<span class=\"_ _38d\"> </span><span class=\"ws0\">0.4<span class=\"_ _56\"> </span>0.4</span></span><span style=\"display:inherit;clear:left;\">Non-deductible expenses<span class=\"_ _31d\"> </span><span class=\"ws0\">3.2<span class=\"_ _10b\"> </span>-3.9</span></span><span style=\"display:inherit;clear:left;\">Non-capitalized tax loss carryforwards<span class=\"_ _38e\"> </span><span class=\"ws0\">-<span class=\"_ _bf\"> </span>-33.9</span></span><span style=\"display:inherit;clear:left;\">Non-capitalized temporary differences<span class=\"_ _38c\"> </span><span class=\"ws0\">-3.3<span class=\"_ _2ea\"> </span>-25.2</span></span><span style=\"display:inherit;clear:left;\">Write-down of deferred tax on taxable losses 2020-2021<span class=\"_ _350\"> </span><span class=\"ws0\">-<span class=\"_ _c1\"> </span>-117.0</span></span><span style=\"display:inherit;clear:left;\">Re-recognized deferred tax on taxable losses 2020-2021<span class=\"_ _342\"> </span><span class=\"ws0\">117.0<span class=\"_ _2e1\"> </span>-</span></span><span style=\"display:inherit;clear:left;\">Recognized temporary differences in taxation 2022<span class=\"_ _38f\"> </span><span class=\"ws0\">13.9<span class=\"_ _2e1\"> </span>-</span></span><span style=\"display:inherit;clear:left;\">Recognized deferred tax on taxable loss 2022<span class=\"_ _390\"> </span><span class=\"ws0\">27.7<span class=\"_ _2e1\"> </span>-</span></span><span style=\"display:inherit;clear:left;\">Adjustments recognised for taxes of prior periods<span class=\"_ _21b\"> </span><span class=\"ws0\">0.0<span class=\"_ _182\"> </span>0.0</span></span><span style=\"display:inherit;clear:left;\">Income taxes total<span class=\"_ _391\"> </span><span class=\"ws0\">135.2<span class=\"_ _189\"> </span>-105.4</span></span><span style=\"display:inherit;clear:left;\">Recognised </span><span style=\"display:inherit;clear:left;\">Recognised in </span><span style=\"display:inherit;clear:left;\">in the income </span><span style=\"display:inherit;clear:left;\">shareholders\u2019 </span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _1a9\"> </span><span class=\"ws0\">2022</span></span><span style=\"display:inherit;clear:left;\">statement</span><span style=\"display:inherit;clear:left;\">equity<span class=\"_ _102\"> </span>2023</span><span style=\"display:inherit;clear:left;\">Deferred tax assets</span><span style=\"display:inherit;clear:left;\">Confirmed losses<span class=\"_ _392\"> </span><span class=\"ws0\">93.7<span class=\"_ _42\"> </span></span>116.0 *<span class=\"_ _108\"> </span>9.8 *<span class=\"_ _56\"> </span><span class=\"ws0\">219.5</span></span><span style=\"display:inherit;clear:left;\">Property, plant and equipment**<span class=\"_ _393\"> </span><span class=\"ws0\">60.4<span class=\"_ _2cc\"> </span>-10.4<span class=\"_ _26\"> </span>-<span class=\"_ _108\"> </span>49.9</span></span><span style=\"display:inherit;clear:left;\">Leases**<span class=\"_ _38b\"> </span>279.2<span class=\"_ _f3\"> </span>-53.1<span class=\"_ _26\"> </span>-<span class=\"_ _2d1\"> </span>226.0</span><span style=\"display:inherit;clear:left;\">Valuation of derivatives at fair value<span class=\"_ _394\"> </span><span class=\"ws0\">-<span class=\"_ _26\"> </span>-<span class=\"_ _1e1\"> </span>4.2<span class=\"_ _1e1\"> </span>4.2</span></span><span style=\"display:inherit;clear:left;\">Other temporary differences<span class=\"_ _267\"> </span><span class=\"ws0\">16.9<span class=\"_ _91\"> </span>-6.1<span class=\"_ _cf\"> </span>6.4<span class=\"_ _38\"> </span>17.3</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _2fe\"> </span>450.2<span class=\"_ _2cc\"> </span>46.4<span class=\"_ _50\"> </span>20.5<span class=\"_ _d4\"> </span>517.0</span><span style=\"display:inherit;clear:left;\">Netted from deferred tax liabilities<span class=\"_ _123\"> </span><span class=\"ws0\">-369.6<span class=\"_ _108\"> </span>88.9<span class=\"_ _38\"> </span>-2.3<span class=\"_ _10d\"> </span>-283.0</span></span><span style=\"display:inherit;clear:left;\">Deferred tax assets in balance sheet<span class=\"_ _ac\"> </span><span class=\"ws0\">80.6<span class=\"_ _2c3\"> </span>135.3<span class=\"_ _2bb\"> </span>18.1<span class=\"_ _282\"> </span>234.0</span></span><span style=\"display:inherit;clear:left;\">Recognised </span><span style=\"display:inherit;clear:left;\">Recognised in </span><span style=\"display:inherit;clear:left;\">in the income </span><span style=\"display:inherit;clear:left;\">shareholders\u2019 </span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _169\"> </span><span class=\"ws0\">2022</span></span><span style=\"display:inherit;clear:left;\">statement</span><span style=\"display:inherit;clear:left;\">equity<span class=\"_ _102\"> </span>2023</span><span style=\"display:inherit;clear:left;\">Deferred tax liabilities</span><span style=\"display:inherit;clear:left;\">Defined benefit pension plans<span class=\"_ _395\"> </span><span class=\"ws0\">-24.0<span class=\"_ _4f\"> </span>0.8<span class=\"_ _38\"> </span>-2.3<span class=\"_ _1cf\"> </span>-25.5</span></span><span style=\"display:inherit;clear:left;\">Property, plant and equipment**<span class=\"_ _1e6\"> </span><span class=\"ws0\">-109.2<span class=\"_ _ed\"> </span>32.8<span class=\"_ _26\"> </span>-<span class=\"_ _1cf\"> </span>-76.4</span></span><span style=\"display:inherit;clear:left;\">Leases**<span class=\"_ _a3\"> </span>-236.4<span class=\"_ _168\"> </span>55.3<span class=\"_ _26\"> </span>-<span class=\"_ _1cf\"> </span>-181.1</span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _31e\"> </span>-369.6<span class=\"_ _50\"> </span>88.9<span class=\"_ _152\"> </span>-2.3<span class=\"_ _10a\"> </span>-283.0</span><span style=\"display:inherit;clear:left;\">Netted from deferred tax assets<span class=\"_ _394\"> </span><span class=\"ws0\">369.6<span class=\"_ _297\"> </span>-88.9<span class=\"_ _25b\"> </span>2.3<span class=\"_ _10b\"> </span>283.0</span></span><span style=\"display:inherit;clear:left;\">Deferred tax liabilities in balance sheet<span class=\"_ _153\"> </span><span class=\"ws0\">-<span class=\"_ _26\"> </span>-<span class=\"_ _26\"> </span>-<span class=\"_ _26\"> </span>-</span></span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Taxes for the financial year</span><span style=\"display:inherit;clear:left;\">Current tax<span class=\"_ _388\"> </span><span class=\"ws0\">-0.1<span class=\"_ _2e1\"> </span>-</span></span><span style=\"display:inherit;clear:left;\">Adjustments recognised for current tax of prior periods<span class=\"_ _1a5\"> </span><span class=\"ws0\">-<span class=\"_ _2e1\"> </span>-</span></span><span style=\"display:inherit;clear:left;\">Deferred taxes<span class=\"_ _291\"> </span><span class=\"ws0\">135.3<span class=\"_ _22a\"> </span>-105.4</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _389\"> </span>135.2<span class=\"_ _189\"> </span>-105.4</span><span style=\"display:inherit;clear:left;\">Changes in deferred taxes during 2022:</span><span style=\"display:inherit;clear:left;\">Finnair has not recognized deferred tax assets related to temporary differences as presented in the table </span><span style=\"display:inherit;clear:left;\">below.</span><span style=\"display:inherit;clear:left;\">Unrecognized deferred taxes:</span><span style=\"display:inherit;clear:left;\">The deferred tax asset is recognized up to the amount where it is probable that future taxable income will be </span><span style=\"display:inherit;clear:left;\">generated against which the temporary difference can be utilized, also taking into account the tax planning </span><span style=\"display:inherit;clear:left;\">methods available to Finnair relating to accumulated tax depreciations. The management\u2019s assessment of the </span><span style=\"display:inherit;clear:left;\">future taxable profit is based on the latest forecast approved by the Board of Directors in connection with the </span><span style=\"display:inherit;clear:left;\">financial statements. The statutory period of limitation relating to confirmed losses is 10 years and the respective </span><span style=\"display:inherit;clear:left;\">deferred tax currently recognized in the balance sheet are expiring in 2030\u20132032.</span><span style=\"display:inherit;clear:left;\">5.2 Disputes and litigation</span><span style=\"display:inherit;clear:left;\">Finnair reports only cases of which the interest is material and that are not insured. As of 31 December 2023 there</span><span style=\"display:inherit;clear:left;\">were no such disputes pending.</span><span style=\"display:inherit;clear:left;\">5.3 Events after the closing date</span><span style=\"display:inherit;clear:left;\">There were no events after the closing date that would have a material financial impact.</span><span style=\"display:inherit;clear:left;\">2023<span class=\"_ _35a\"> </span>2022</span><span style=\"display:inherit;clear:left;\">Expiry </span><span style=\"display:inherit;clear:left;\">Gross </span><span style=\"display:inherit;clear:left;\">Expiry </span><span style=\"display:inherit;clear:left;\">Gross </span><span style=\"display:inherit;clear:left;\">EUR mill.</span><span style=\"display:inherit;clear:left;\">year</span><span style=\"display:inherit;clear:left;\">amount<span class=\"_ _39b\"> </span><span class=\"wse5\">Tax effect</span></span><span style=\"display:inherit;clear:left;\">year</span><span style=\"display:inherit;clear:left;\">amount<span class=\"_ _39b\"> </span><span class=\"wse5\">Tax effect</span></span><span style=\"display:inherit;clear:left;\">Tax losses<span class=\"_ _263\"> </span><span class=\"ws0\">2032<span class=\"_ _5a\"> </span>31.1<span class=\"_ _fc\"> </span>6.2<span class=\"_ _110\"> </span>2030\u20132032<span class=\"_ _fb\"> </span>754.4<span class=\"_ _c0\"> </span>150.9</span></span><span style=\"display:inherit;clear:left;\">Leases<span class=\"_ _143\"> </span>-<span class=\"_ _d2\"> </span>-<span class=\"_ _f3\"> </span>-<span class=\"_ _11d\"> </span><span class=\"wse6\">No expiry<span class=\"_ _57\"> </span></span>64.1<span class=\"_ _f1\"> </span>12.8</span><span style=\"display:inherit;clear:left;\">Interest expenses under </span><span style=\"display:inherit;clear:left;\">the limitation of the right to </span><span style=\"display:inherit;clear:left;\">deduct interest<span class=\"_ _4d\"> </span>No expiry<span class=\"_ _e9\"> </span><span class=\"ws0\">73.1<span class=\"_ _57\"> </span>14.6<span class=\"_ _11d\"> </span></span>No expiry<span class=\"_ _b5\"> </span><span class=\"ws0\">56.7<span class=\"_ _39\"> </span>11.3</span></span><span style=\"display:inherit;clear:left;\">Valuation of derivatives at </span><span style=\"display:inherit;clear:left;\">fair value<span class=\"_ _2ef\"> </span><span class=\"ws0\">-<span class=\"_ _d2\"> </span>-<span class=\"_ _f3\"> </span>-<span class=\"_ _11d\"> </span></span>No expiry<span class=\"_ _f1\"> </span><span class=\"ws0\">13.5<span class=\"_ _e1\"> </span>2.7</span></span><span style=\"display:inherit;clear:left;\">Other temporary </span><span style=\"display:inherit;clear:left;\">differences<span class=\"_ _2e9\"> </span>-<span class=\"_ _f3\"> </span>-<span class=\"_ _f3\"> </span>-<span class=\"_ _128\"> </span><span class=\"wse6\">No expiry<span class=\"_ _10a\"> </span></span>5.4<span class=\"_ _30\"> </span>1.1</span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _39c\"> </span>-<span class=\"_ _104\"> </span>104.2<span class=\"_ _189\"> </span>20.8<span class=\"_ _f3\"> </span>-<span class=\"_ _77\"> </span>894.1<span class=\"_ _fa\"> </span>178.8</span><span style=\"display:inherit;clear:left;\">Recognised </span><span style=\"display:inherit;clear:left;\">Recognised in </span><span style=\"display:inherit;clear:left;\">in the income </span><span style=\"display:inherit;clear:left;\">shareholders\u2019 </span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _169\"> </span><span class=\"ws0\">2021</span></span><span style=\"display:inherit;clear:left;\">statement</span><span style=\"display:inherit;clear:left;\">equity<span class=\"_ _102\"> </span>2022</span><span style=\"display:inherit;clear:left;\">Deferred tax assets</span><span style=\"display:inherit;clear:left;\">Confirmed losses<span class=\"_ _25c\"> </span><span class=\"ws0\">216.6<span class=\"_ _30\"> </span>-122.8<span class=\"_ _8e\"> </span>-<span class=\"_ _168\"> </span>93.7</span></span><span style=\"display:inherit;clear:left;\">Property, plant and equipment**<span class=\"_ _194\"> </span><span class=\"ws0\">66.5<span class=\"_ _396\"> </span>-6.1<span class=\"_ _26\"> </span>-<span class=\"_ _d2\"> </span>60.4</span></span><span style=\"display:inherit;clear:left;\">Leases**<span class=\"_ _38b\"> </span>279.2<span class=\"_ _26\"> </span>-<span class=\"_ _8e\"> </span>-<span class=\"_ _2c3\"> </span>279.2</span><span style=\"display:inherit;clear:left;\">Valuation of derivatives at fair value<span class=\"_ _397\"> </span><span class=\"ws0\">0.9<span class=\"_ _26\"> </span>-<span class=\"_ _152\"> </span>-0.9<span class=\"_ _8e\"> </span>-</span></span><span style=\"display:inherit;clear:left;\">Other temporary differences<span class=\"_ _2f9\"> </span><span class=\"ws0\">16.2<span class=\"_ _2bb\"> </span>-3.3<span class=\"_ _e5\"> </span>4.1<span class=\"_ _25\"> </span>16.9</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _4e\"> </span>579.2<span class=\"_ _3c\"> </span>-132.3<span class=\"_ _cf\"> </span>3.2<span class=\"_ _47\"> </span>450.2</span><span style=\"display:inherit;clear:left;\">Netted from deferred tax liabilities<span class=\"_ _ee\"> </span><span class=\"ws0\">-387.4<span class=\"_ _109\"> </span>26.9<span class=\"_ _396\"> </span>-9.1<span class=\"_ _e1\"> </span>-369.6</span></span><span style=\"display:inherit;clear:left;\">Deferred tax assets in balance sheet<span class=\"_ _4d\"> </span><span class=\"ws0\">191.9<span class=\"_ _e1\"> </span>-105.4<span class=\"_ _4c\"> </span>-5.8<span class=\"_ _107\"> </span>80.6</span></span><span style=\"display:inherit;clear:left;\">Recognised </span><span style=\"display:inherit;clear:left;\">Recognised in </span><span style=\"display:inherit;clear:left;\">in the income </span><span style=\"display:inherit;clear:left;\">shareholders\u2019 </span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _398\"> </span><span class=\"ws0\">2021</span></span><span style=\"display:inherit;clear:left;\">statement</span><span style=\"display:inherit;clear:left;\">equity<span class=\"_ _102\"> </span>2022</span><span style=\"display:inherit;clear:left;\">Deferred tax liabilities</span><span style=\"display:inherit;clear:left;\">Defined benefit pension plans<span class=\"_ _399\"> </span><span class=\"ws0\">-16.1<span class=\"_ _2b\"> </span>2.2<span class=\"_ _5e\"> </span>-10.0<span class=\"_ _182\"> </span>-24.0</span></span><span style=\"display:inherit;clear:left;\">Property, plant and equipment**<span class=\"_ _1e6\"> </span><span class=\"ws0\">-134.0<span class=\"_ _168\"> </span>24.7<span class=\"_ _8e\"> </span>-<span class=\"_ _47\"> </span>-109.2</span></span><span style=\"display:inherit;clear:left;\">Leases**<span class=\"_ _a3\"> </span>-236.4<span class=\"_ _4f\"> </span>0.0<span class=\"_ _26\"> </span>-<span class=\"_ _10c\"> </span>-236.4</span><span style=\"display:inherit;clear:left;\">Valuation of derivatives at fair value<span class=\"_ _127\"> </span><span class=\"ws0\">-0.9<span class=\"_ _26\"> </span>-<span class=\"_ _4f\"> </span>0.9<span class=\"_ _8e\"> </span>-</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _39a\"> </span>-387.4<span class=\"_ _f3\"> </span>26.9<span class=\"_ _38\"> </span>-9.1<span class=\"_ _fc\"> </span>-369.6</span><span style=\"display:inherit;clear:left;\">Netted from deferred tax assets<span class=\"_ _393\"> </span><span class=\"ws0\">387.4<span class=\"_ _295\"> </span>-26.9<span class=\"_ _e5\"> </span>9.1<span class=\"_ _10b\"> </span>369.6</span></span><span style=\"display:inherit;clear:left;\">Deferred tax liabilities in balance sheet<span class=\"_ _153\"> </span><span class=\"ws0\">-<span class=\"_ _26\"> </span>-<span class=\"_ _26\"> </span>-<span class=\"_ _26\"> </span>-</span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNotesAndOtherExplanatoryInformationExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-28-2": {
   "value": "<span style=\"display:inherit;clear:left;\">Basis of preparation</span><span style=\"display:inherit;clear:left;\">Finnair</span>Plc<span style=\"display:inherit;clear:left;\">s consolidated financial statements for 2023 have been prepared in accordance with the </span><span style=\"display:inherit;clear:left;\">International Financial  <span class=\"_ _0\"></span>Reporting Standards (IFRS) as adopted by the European Union, and they comply with the </span><span style=\"display:inherit;clear:left;\">IAS and IFRS standards and respective SIC and IFRIC Interpretations effective on 31 December 2023.</span><span style=\"display:inherit;clear:left;\">The notes </span><span style=\"display:inherit;clear:left;\">to the consolidated financial statements also comply with Finnish accounting and corporate law. Changes </span><span style=\"display:inherit;clear:left;\">applied in accounting principles in 2023 and future periods are described in the below section Changes in </span><span style=\"display:inherit;clear:left;\">accounting principles.</span><span style=\"display:inherit;clear:left;\">The consolidated financial statements have been prepared on a going concern basis. The Board of Directors </span><span style=\"display:inherit;clear:left;\">has assessed Finnair Group\u2019s ability to continue as a going concern based on the Group\u2019s ability to meet its </span><span style=\"display:inherit;clear:left;\">obligations as they fall due at least 12 months after the consolidated financial statements are issued. </span><span style=\"display:inherit;clear:left;\">The consolidated financial statements are presented in euros, which is the parent company\u2019s functional </span><span style=\"display:inherit;clear:left;\">currency. Transactions denominated in foreign currencies are translated into functional currency by using the </span><span style=\"display:inherit;clear:left;\">exchange rates prevailing on the date of the transaction. Monetary assets and liabilities denominated in foreign </span><span style=\"display:inherit;clear:left;\">currencies and outstanding at the end of the reporting period are translated using the exchange rates of the </span><span style=\"display:inherit;clear:left;\">closing date. Foreign exchange gains and losses arising from monetary assets and liabilities as well as fair value </span><span style=\"display:inherit;clear:left;\">changes of related hedging instruments are recognized in the income statement. </span><span style=\"display:inherit;clear:left;\">The 2023 consolidated financial statements have been prepared based on original acquisition costs, except </span><span style=\"display:inherit;clear:left;\">for financial assets recognised through profit and loss at fair value and derivative contracts measured at fair </span><span style=\"display:inherit;clear:left;\">value. Financial statement data is presented in millions of euros and rounded to the nearest hundred thousand </span><span style=\"display:inherit;clear:left;\">euro, which is why the sum of the individual figures may differ from the total shown.</span><span style=\"display:inherit;clear:left;\">4 Consolidation</span><span style=\"display:inherit;clear:left;\">  Notes under the Consolidation section include a description of the general consolidation principles and </span><span style=\"display:inherit;clear:left;\">methods of consolidation. The aim of the section is to provide an overall picture of the group\u2019s structure and </span><span style=\"display:inherit;clear:left;\">principles applied in preparing consolidated financial statements and classifying ownership interests. In </span><span style=\"display:inherit;clear:left;\">addition, notes include information about subsidiaries and joint ventures held, acquired or sold by the group.  </span><span style=\"display:inherit;clear:left;\">4.1 General consolidation principles</span><span style=\"display:inherit;clear:left;\">Consolidation</span><span style=\"display:inherit;clear:left;\">Consolidation, the consolidation method and classification of ownership interests depend on whether Group </span><span style=\"display:inherit;clear:left;\">has power to control or jointly control the entity or if it has significant influence or other interests in the entity. </span><span style=\"display:inherit;clear:left;\">When Group has the power to control the entity, it is consolidated as a subsidiary in the group according to </span><span style=\"display:inherit;clear:left;\">principles described in the note 4.2 Subsidiaries. When Group has joint control or significant influence over an </span><span style=\"display:inherit;clear:left;\">entity but does not have the power to control, an entity is accounted for by using the equity method according </span><span style=\"display:inherit;clear:left;\">to principles set in note 4.4 Investments in associates and  joint ventures. If Group does not have power to control </span><span style=\"display:inherit;clear:left;\">nor significant influence in the entity, its ownership interests are classified as financial assets available for sale </span><span style=\"display:inherit;clear:left;\">and accounted for according to principles described in the note 3.2 Financial assets.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-29-3": {
   "value": "<span style=\"display:inherit;clear:left;\">Finnair</span>Plc<span style=\"display:inherit;clear:left;\">s consolidated financial statements for 2023 have been prepared in accordance with the </span><span style=\"display:inherit;clear:left;\">International Financial  <span class=\"_ _0\"></span>Reporting Standards (IFRS) as adopted by the European Union, and they comply with the </span><span style=\"display:inherit;clear:left;\">IAS and IFRS standards and respective SIC and IFRIC Interpretations effective on 31 December 2023.</span>",
   "dimensions": {
    "concept": "ifrs-full:StatementOfIFRSCompliance",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f29753": {
   "value": "Plc",
   "dimensions": {
    "concept": "ifrs-full:LegalFormOfEntity",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-68-2": {
   "value": "<span style=\"display:inherit;clear:left;\">Critical accounting estimates and sources of uncertainty</span><span style=\"display:inherit;clear:left;\">The preparation of IFRS financial statements requires Group management to make various judgements in </span><span style=\"display:inherit;clear:left;\">applying the accounting principles that affect the reported amounts of assets and liabilities as well as income </span><span style=\"display:inherit;clear:left;\">and expenses. Management judgement has to be exercised in applying the accounting principles especially </span><span style=\"display:inherit;clear:left;\">when the IFRS has alternative accounting, valuation or presentation methods.</span><span style=\"display:inherit;clear:left;\">The application of the accounting policies prescribed by IFRS require making estimates and assumptions </span><span style=\"display:inherit;clear:left;\">relating to the future where the actual outcome may differ from the earlier estimates and assumptions made. </span><span style=\"display:inherit;clear:left;\">The estimates and assumptions made are based on past experience and management\u2019s best estimate of future</span><span style=\"display:inherit;clear:left;\">events and other factors, that are believed to be reasonable given the current circumstances. The estimates </span><span style=\"display:inherit;clear:left;\">and assumptions are continuously evaluated and any changes therein are reflected in the period that the </span><span style=\"display:inherit;clear:left;\">changes occur. </span><span style=\"display:inherit;clear:left;\">The earlier hightened uncertaintly related to the COVID-19 pandemic and the closure of the Russian airspace </span><span style=\"display:inherit;clear:left;\">diminished during the financial year 2023, which was due to the easing of the COVID-19 pandemic following </span><span style=\"display:inherit;clear:left;\">increased immunity levels and Finnair\u2019s successful implementation of its renewed strategy. As a result of the </span><span style=\"display:inherit;clear:left;\">normalization of the business environment, Finnair\u2019s management has prepared a single forecast scenario in </span><span style=\"display:inherit;clear:left;\">connection with the preparation of the consolidated financial statements as opposed to the multiple scenarios </span><span style=\"display:inherit;clear:left;\">used in the prior year financial statements. </span><span style=\"display:inherit;clear:left;\">Finnair\u2019s management has taken the relevant risks and opportunities related to the business environment </span><span style=\"display:inherit;clear:left;\">into account in their estimates and assumptions, based on their best knowledge on the balance sheet date. </span><span style=\"display:inherit;clear:left;\">At the time of preparation of the financial statements, risks related to the effects of inflation and rising interest </span><span style=\"display:inherit;clear:left;\">rates on passenger demand and business costs, potential escalation of the conflict in the Middle East as well </span><span style=\"display:inherit;clear:left;\">as the somewhat elevated tensions in the Finnish labour markets are causing uncertainty in Finnair\u2019s operating </span><span style=\"display:inherit;clear:left;\">environment. In addition, changes in the price of jet fuel or foreign currency rates can have a material impact on </span><span style=\"display:inherit;clear:left;\">the company\u2019s financial result, balance sheet and cash flow.</span><span style=\"display:inherit;clear:left;\">Considerations related to the climate related impacts are decribed in more detail in the following chapter </span><span style=\"display:inherit;clear:left;\">Climate-related matters in the consolidated financial statements.</span><span style=\"display:inherit;clear:left;\">  The main identified critical estimates and sources of uncertainty related to separate sections of the financial </span><span style=\"display:inherit;clear:left;\">statements are presented in connection to the financial items considered to be affected and attached to the </span><span style=\"display:inherit;clear:left;\">corresponding note. The table below shows where to find more information about those estimates and uncertainties. </span><span style=\"display:inherit;clear:left;\">Critical accounting estimates <span class=\"ws0\"> </span></span><span style=\"display:inherit;clear:left;\">and sources of uncertainty<span class=\"_ _265\"> </span>Note number<span class=\"_ _80\"> </span><span class=\"ws0\">Note</span></span><span style=\"display:inherit;clear:left;\">Finnair Plus Customer Loyalty Program<span class=\"_ _266\"> </span><span class=\"ws0\">1.2<span class=\"_ _159\"> </span></span>Operating income</span><span style=\"display:inherit;clear:left;\">Maintenance reserves of the fleet<span class=\"_ _267\"> </span><span class=\"ws0\">1.3.6<span class=\"_ _cd\"> </span>Provisions</span></span><span style=\"display:inherit;clear:left;\">Pension obligations<span class=\"_ _268\"> </span><span class=\"ws0\">1.3.8.2<span class=\"_ _2e\"> </span>Pensions</span></span><span style=\"display:inherit;clear:left;\">Leasing arrangements<span class=\"_ _25c\"> </span><span class=\"ws0\">2.2<span class=\"_ _95\"> </span></span>Leasing arrangements</span><span style=\"display:inherit;clear:left;\">Impairment testing of the fleet and other fixed assets<span class=\"_ _124\"> </span><span class=\"ws0\">2.3<span class=\"_ _95\"> </span></span>Depreciation and impairment </span><span style=\"display:inherit;clear:left;\">Derivative contracts and hedge accounting<span class=\"_ _256\"> </span><span class=\"ws0\">3.8<span class=\"_ _1e7\"> </span></span>Derivatives  </span><span style=\"display:inherit;clear:left;\">Deferred taxes<span class=\"_ _269\"> </span><span class=\"ws0\">5.1<span class=\"_ _167\"> </span></span>Income taxes </span><span style=\"display:inherit;clear:left;\">  Maintenance reserves of the fleet</span><span style=\"display:inherit;clear:left;\">The measurement of aircraft maintenance provisions requires management judgement especially related to the </span><span style=\"display:inherit;clear:left;\">timing of maintenance events and the valuation of maintenance costs occurring in the future. The future maintenance </span><span style=\"display:inherit;clear:left;\">costs and their timing are dependent on, for example, how future traffic plans actually realise, the market price </span><span style=\"display:inherit;clear:left;\">development of maintenance costs and the actual condition of the aircraft at the time of the maintenance event.  </span><span style=\"display:inherit;clear:left;\">  Pension obligations</span><span style=\"display:inherit;clear:left;\">The present value of the pension obligations depends on a number of factors that are determined on an actuarial </span><span style=\"display:inherit;clear:left;\">basis using a number of assumptions. Any changes in these assumptions will impact the carrying amount of pension </span><span style=\"display:inherit;clear:left;\">obligations. The note below includes a description of exposure to most significant risks and a sensitivity analysis on </span><span style=\"display:inherit;clear:left;\">impacts of changes in actuarial assumptions.  </span><span style=\"display:inherit;clear:left;\">Leasing arrangements </span><span style=\"display:inherit;clear:left;\">Determining the interest rate and lease term used in discounting the lease payments, estimating the redelivery </span><span style=\"display:inherit;clear:left;\">obligations of aircraft leases and the classification of sublease agreements to operating and financial leases require </span><span style=\"display:inherit;clear:left;\">management discretion in interpretation and application of accounting standards. </span><span style=\"display:inherit;clear:left;\">The carrying value of the right-of-use assets are tested for impairment as part of cash generating unit at the balance </span><span style=\"display:inherit;clear:left;\">sheet date. More details is presented in the note 2.3.</span><span style=\"display:inherit;clear:left;\">Critical accounting estimates and sources of uncertainty</span><span style=\"display:inherit;clear:left;\">Finnair accounts for its cash flow hedges of forecasted foreign currency denominated purchases and sales and future </span><span style=\"display:inherit;clear:left;\">jet fuel purchases in accordance with the IFRS 9. Under the hedge accounting principles, a forecast transaction can be </span><span style=\"display:inherit;clear:left;\">designated as a hedged item only if that transaction is considered as highly probable. The evaluation of probability </span><span style=\"display:inherit;clear:left;\">is based on the management forecasts about the future level of Finnair\u2019s operations and cash flows. Such forecasts </span><span style=\"display:inherit;clear:left;\">require the use of management judgement and assumptions, which inherently contain some degree of uncertainty. </span><span style=\"display:inherit;clear:left;\">Should the expected circumstances or outcome change in the future, the management would need to reassess whether </span><span style=\"display:inherit;clear:left;\">a hedged forecast transaction is still highly likely to occur. This could be the case if, for example, the expected recovery </span><span style=\"display:inherit;clear:left;\">and thus the expected jet fuel consumption levels would not realize as expected. Should the forecast transaction no </span><span style=\"display:inherit;clear:left;\">longer be highly probable, it would no longer qualify as an eligible hedged item and hedge accounting would need to </span><span style=\"display:inherit;clear:left;\">be discontinued. Should it no longer be expected to occur at all, the balance of the cash flow hedge reserve included in </span><span style=\"display:inherit;clear:left;\">other comprehensive income would need to be reclassified to profit or loss.</span><span style=\"display:inherit;clear:left;\">  Deferred taxes</span><span style=\"display:inherit;clear:left;\">Recognition of deferred tax asset is based on management estimates and require the use of management </span><span style=\"display:inherit;clear:left;\">judgement in order to assess whether there will be sufficient taxable profits flowing to the company in the future. </span><span style=\"display:inherit;clear:left;\">The expectations used in the calculation are based on the latest management forecast at the reporting date and </span><span style=\"display:inherit;clear:left;\">use assumptions that are consistent with those used elsewhere in the financial statements. The level of uncertainty </span><span style=\"display:inherit;clear:left;\">in Finnair\u2019s operating environment has decreased significantly during 2023 as a result of the improved business </span><span style=\"display:inherit;clear:left;\">conditions and the successful execution of the new strategy. This has resulted in significant increase in passenger </span><span style=\"display:inherit;clear:left;\">revenue and profitability, on top of which the management\u2019s profitability outlook has improved. Although the closure </span><span style=\"display:inherit;clear:left;\">of Russian airspace is expected to affect the routings and operating costs of Finnair flights to Asia for a longer time, </span><span style=\"display:inherit;clear:left;\">the management estimated in connection with its strategy update made in the second quarter of 2023 that Finnair </span><span style=\"display:inherit;clear:left;\">will reach comparable operating profit margin target of 6 per cent by the end of 2025. As a result of the normalization </span><span style=\"display:inherit;clear:left;\">of the business environment, Finnair\u2019s management has prepared a single forecast scenario in connection with the </span><span style=\"display:inherit;clear:left;\">preparation of the consolidated financial statements as opposed to the multiple scenarios used in the prior year </span><span style=\"display:inherit;clear:left;\">financial statements. In financial year 2022, deferred tax asset was written down from the taxable losses of 2020-2021, </span><span style=\"display:inherit;clear:left;\">and deferred tax asset from the 2022 loss was not recognized. In financial year 2023, deferred tax asset written down </span><span style=\"display:inherit;clear:left;\">in the previous financial year was fully re-recognised and a major part of deferred tax asset for taxable loss of 2022 </span><span style=\"display:inherit;clear:left;\">was recognised in the balance sheet. Finnair expects to be able to use the tax losses remaining on balance sheet in </span><span style=\"display:inherit;clear:left;\">advance of 10 years expiry date.  </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-82-2": {
   "value": "<span style=\"display:inherit;clear:left;\">Accounting principles</span><span style=\"display:inherit;clear:left;\">How should Finnair\u2019s accounting principles be read?</span><span style=\"display:inherit;clear:left;\">Finnair describes the accounting principles in conjunction with each note with the aim of providing an enhanced </span><span style=\"display:inherit;clear:left;\">understanding of each accounting area. The basis of preparation is described as part of this note at a general level, </span><span style=\"display:inherit;clear:left;\">while the principles more directly related to a specific note are attached to the corresponding note. The Group </span><span style=\"display:inherit;clear:left;\">focuses on describing the accounting choices made within the framework of the prevailing IFRS policy and avoids </span><span style=\"display:inherit;clear:left;\">repeating the actual text of the standard, unless Finnair considers it particularly important to the understanding of the </span><span style=\"display:inherit;clear:left;\">note\u2019s content. The table below shows in which notes the related accounting principles are presented and to which </span><span style=\"display:inherit;clear:left;\">IFRS standard the accounting principle is primarily based on.</span><span style=\"display:inherit;clear:left;\">Company information</span>Finnair Group engages in worldwide air transport operations and supporting services.<span style=\"display:inherit;clear:left;\">The Group\u2019s parent </span><span style=\"display:inherit;clear:left;\">company is</span>Finnair Plc<span style=\"display:inherit;clear:left;\">which is domiciled in</span>Helsinki <span style=\"display:inherit;clear:left;\">at the registered address </span>Tietotie 9, VantaaFinland<span style=\"display:inherit;clear:left;\">The </span><span style=\"display:inherit;clear:left;\">parent company is listed on the NASDAQ OMX Helsinki Stock Exchange. </span><span style=\"display:inherit;clear:left;\">The consolidated financial statements of Finnair Group for the year ended 31 December 2023 were </span><span style=\"display:inherit;clear:left;\">authorized for issue by the Board of Directors of Finnair Plc on 13 February 2024.</span><span style=\"display:inherit;clear:left;\">Under Finland\u2019s Limited Liability </span><span style=\"display:inherit;clear:left;\">Companies Act, shareholders have the option to accept, or reject the financial statements in the Annual General</span><span style=\"display:inherit;clear:left;\">Meeting of the shareholders, which will be held after the publication of the financial statements.</span><span style=\"display:inherit;clear:left;\">Accounting principle<span class=\"_ _25a\"> </span><span class=\"ws0\">Note<span class=\"_ _81\"> </span>Nr.<span class=\"_ _3d\"> </span>IFRS</span></span><span style=\"display:inherit;clear:left;\">Segment reporting<span class=\"_ _147\"> </span>Segment information<span class=\"_ _6d\"> </span><span class=\"ws0\">1.1<span class=\"_ _25b\"> </span></span>IFRS 8</span><span style=\"display:inherit;clear:left;\">Revenue recognition, other income and trade </span><span style=\"display:inherit;clear:left;\">IFRS 15, IFRS 9, <span class=\"_ _0\"></span><span class=\"ws0\"> </span></span><span style=\"display:inherit;clear:left;\">receivables<span class=\"_ _25c\"> </span><span class=\"wse6\">Operating income<span class=\"_ _184\"> </span></span>1.2</span><span style=\"display:inherit;clear:left;\">IFRS 7</span><span style=\"display:inherit;clear:left;\">Provisions and contingent liabilities<span class=\"_ _28\"> </span><span class=\"ws0\">Provisions<span class=\"_ _15f\"> </span>1.3.6<span class=\"_ _25b\"> </span></span>IAS 37</span><span style=\"display:inherit;clear:left;\">Employee benefits and share-based payments<span class=\"_ _d8\"> </span>Employee benefits<span class=\"_ _f2\"> </span><span class=\"ws0\">1.3.8<span class=\"_ _b7\"> </span></span>IAS 19, IFRS 2</span><span style=\"display:inherit;clear:left;\">Pensions<span class=\"_ _25d\"> </span>Pensions<span class=\"_ _ba\"> </span>1.3.8.2<span class=\"_ _22\"> </span><span class=\"wse6\">IAS 19</span></span><span style=\"display:inherit;clear:left;\">Tangible and intangible assets<span class=\"_ _15d\"> </span>Fleet and other fixed assets<span class=\"_ _50\"> </span><span class=\"ws0\">2.1<span class=\"_ _25e\"> </span></span>IAS 16, IAS 36, IAS 38</span><span style=\"display:inherit;clear:left;\">Leases<span class=\"_ _9c\"> </span><span class=\"wse6\">Leasing arrangements<span class=\"_ _48\"> </span></span>2.2<span class=\"_ _38\"> </span><span class=\"wse6\">IFRS 16</span></span><span style=\"display:inherit;clear:left;\">Impairment of assets<span class=\"_ _de\"> </span>Depreciation and impairment<span class=\"_ _59\"> </span><span class=\"ws0\">2.3<span class=\"_ _b0\"> </span></span>IAS 36</span><span style=\"display:inherit;clear:left;\">Interest income and expenses<span class=\"_ _123\"> </span>Financial income and expenses<span class=\"_ _77\"> </span><span class=\"ws0\">3.1<span class=\"_ _25f\"> </span></span>IFRS 7, IFRS 9, IAS 32</span><span style=\"display:inherit;clear:left;\">Financial assets <span class=\"_ _260\"> </span>Financial assets<span class=\"_ _142\"> </span><span class=\"ws0\">3.2<span class=\"_ _1fa\"> </span></span>IFRS 9, IFRS 7</span><span style=\"display:inherit;clear:left;\">Cash and cash equivalents<span class=\"_ _1e5\"> </span>Financial assets<span class=\"_ _142\"> </span><span class=\"ws0\">3.2<span class=\"_ _1fa\"> </span></span>IFRS 9, IFRS 7</span><span style=\"display:inherit;clear:left;\">Financial liabilities<span class=\"_ _261\"> </span>Financial liabilities<span class=\"_ _262\"> </span><span class=\"ws0\">3.3<span class=\"_ _1fa\"> </span></span>IFRS 9, IFRS 7</span><span style=\"display:inherit;clear:left;\">Derivative contracts and hedge accounting<span class=\"_ _dc\"> </span><span class=\"ws0\">Derivatives<span class=\"_ _15f\"> </span>3.8<span class=\"_ _12f\"> </span></span>IFRS 9, IFRS 7</span><span style=\"display:inherit;clear:left;\">Equity, dividend and treasury shares<span class=\"_ _1d3\"> </span>Equity-related information<span class=\"_ _109\"> </span><span class=\"ws0\">3.9<span class=\"_ _f9\"> </span></span>IAS 32, IAS 33</span><span style=\"display:inherit;clear:left;\">Consolidation principles of subsidiaries<span class=\"_ _10d\"> </span><span class=\"ws0\">Subsidiaries<span class=\"_ _263\"> </span>4.2<span class=\"_ _4a\"> </span></span>IFRS 10</span><span style=\"display:inherit;clear:left;\">Investments in associates and joint ventures<span class=\"_ _83\"> </span>Investments in joint ventures<span class=\"_ _102\"> </span><span class=\"ws0\">4.4<span class=\"_ _105\"> </span></span>IFRS 11, IAS 28</span><span style=\"display:inherit;clear:left;\">Related party disclosures<span class=\"_ _1ea\"> </span>Related party transactions<span class=\"_ _d2\"> </span><span class=\"ws0\">4.5<span class=\"_ _1e1\"> </span></span>IAS 24</span><span style=\"display:inherit;clear:left;\">Income tax and deferred taxes<span class=\"_ _b1\"> </span>Income taxes<span class=\"_ _264\"> </span><span class=\"ws0\">5.1<span class=\"_ _13b\"> </span></span>IAS 12</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f30167": {
   "value": "Finnair Group engages in worldwide air transport operations and supporting services.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f30176": {
   "value": "Finnair Plc",
   "dimensions": {
    "concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f30177": {
   "value": "Finnair Plc",
   "dimensions": {
    "concept": "ifrs-full:NameOfParentEntity",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f30182": {
   "value": "Helsinki ",
   "dimensions": {
    "concept": "ifrs-full:DomicileOfEntity",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f30187": {
   "value": "Tietotie 9, Vantaa",
   "dimensions": {
    "concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f30189": {
   "value": "Finland",
   "dimensions": {
    "concept": "ifrs-full:PrincipalPlaceOfBusiness",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f30190": {
   "value": "Finland",
   "dimensions": {
    "concept": "ifrs-full:CountryOfIncorporation",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-104-3": {
   "value": "<span style=\"display:inherit;clear:left;\">The consolidated financial statements of Finnair Group for the year ended 31 December 2023 were </span><span style=\"display:inherit;clear:left;\">authorized for issue by the Board of Directors of Finnair Plc on 13 February 2024.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuthorisationOfFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-150-2": {
   "value": "<span style=\"display:inherit;clear:left;\">Changes in accounting principles</span><span style=\"display:inherit;clear:left;\">New and amended IFRS standards and IFRIC interpretations</span><span style=\"display:inherit;clear:left;\">In May 2023, the IASB issued an amendment to the IAS 12 Income taxes standard which provides a temporary </span><span style=\"display:inherit;clear:left;\">mandatory exemption from deferred tax accounting for the top-up tax under the OECD Pillar Two model. </span><span style=\"display:inherit;clear:left;\">Finnair has applied the exception in its consolidated financial statements 2023. The amendment further requires </span><span style=\"display:inherit;clear:left;\">entities to disclose information on their potential exposure to Pillar Two income taxes. This is disclosed in more </span><span style=\"display:inherit;clear:left;\">detail in note 5.1 Income taxes. Other changes in the IFRS standards and IFRIC-interpretations effective from </span><span style=\"display:inherit;clear:left;\">periods beginning 1 January 2023 included mainly amendments or improvements to current standards that did </span><span style=\"display:inherit;clear:left;\">not have material effect on Finnair financial statements. </span><span style=\"display:inherit;clear:left;\">Other standards issued that are effective from periods on or after 1st of January 2024 mainly include </span><span style=\"display:inherit;clear:left;\">amendments or improvements to current standards that are not expected to have a material impact on the </span><span style=\"display:inherit;clear:left;\">Group\u2019s consolidated financial statements.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesAccountingEstimatesAndErrorsExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-150-3": {
   "value": "<span style=\"display:inherit;clear:left;\">Changes in accounting principles</span><span style=\"display:inherit;clear:left;\">New and amended IFRS standards and IFRIC interpretations</span><span style=\"display:inherit;clear:left;\">In May 2023, the IASB issued an amendment to the IAS 12 Income taxes standard which provides a temporary </span><span style=\"display:inherit;clear:left;\">mandatory exemption from deferred tax accounting for the top-up tax under the OECD Pillar Two model. </span><span style=\"display:inherit;clear:left;\">Finnair has applied the exception in its consolidated financial statements 2023. The amendment further requires </span><span style=\"display:inherit;clear:left;\">entities to disclose information on their potential exposure to Pillar Two income taxes. This is disclosed in more </span><span style=\"display:inherit;clear:left;\">detail in note 5.1 Income taxes. Other changes in the IFRS standards and IFRIC-interpretations effective from </span><span style=\"display:inherit;clear:left;\">periods beginning 1 January 2023 included mainly amendments or improvements to current standards that did </span><span style=\"display:inherit;clear:left;\">not have material effect on Finnair financial statements. </span><span style=\"display:inherit;clear:left;\">Other standards issued that are effective from periods on or after 1st of January 2024 mainly include </span><span style=\"display:inherit;clear:left;\">amendments or improvements to current standards that are not expected to have a material impact on the </span><span style=\"display:inherit;clear:left;\">Group\u2019s consolidated financial statements.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-164-2": {
   "value": "<span style=\"display:inherit;clear:left;\">1 Operating result</span><span style=\"display:inherit;clear:left;\">  Operating result includes notes related to revenue and operating result from the point of view of income </span><span style=\"display:inherit;clear:left;\">statement and balance sheet.  </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfProfitLossFromOperatingActivitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-168-2": {
   "value": "<span style=\"display:inherit;clear:left;\">1.1 Segment information</span><span style=\"display:inherit;clear:left;\">  Segment reporting</span><span style=\"display:inherit;clear:left;\">Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating </span><span style=\"display:inherit;clear:left;\">decision maker. The chief operating decision maker, who is responsible for allocating resources and assessing </span><span style=\"display:inherit;clear:left;\">performance of the operating segments, has been identified as the Group\u2019s Executive Board. Segments are defined </span><span style=\"display:inherit;clear:left;\">based on Group\u2019s business areas. Group has one business and reporting segment: Airline business.  </span><span style=\"display:inherit;clear:left;\">The Finnair Executive Board, defined as the chief operative decision maker according to IFRS 8 Segment </span><span style=\"display:inherit;clear:left;\">reporting, considers the business as one operating segment. Thus, separate segment information is not reported.</span><span style=\"display:inherit;clear:left;\">The revenue by product and geographical area is presented in the note 1.2.1 Revenue by product and traffic </span><span style=\"display:inherit;clear:left;\">area. The division is based on the destination of Finnair flights. Finnair operates international and domestic </span><span style=\"display:inherit;clear:left;\">routes, but the assets are almost solely owned in Finland. The fleet composes the major part of the non-current </span><span style=\"display:inherit;clear:left;\">assets (see note 2.1 Fleet and other fixed assets). The fleet is owned or leased by Finnair\u2019s Finnish subsidiary </span><span style=\"display:inherit;clear:left;\">and the aircraft are operated flexibly across different traffic (geographical) areas. More details about fleet </span><span style=\"display:inherit;clear:left;\">management and ownership can be found in the management report in the section \u201cFleet\u201d.</span><span style=\"display:inherit;clear:left;\">The negative impacts of the COVID-19 pandemic and the Russian airspace closure dimished during the </span><span style=\"display:inherit;clear:left;\">financial year 2023 due to the removal of travel restrictions and Finnair\u2019s successful implementation of its </span><span style=\"display:inherit;clear:left;\">renewed strategy. During the financial year Finnair transported 11.0 million passengers (9.1), which was 20.8 per </span><span style=\"display:inherit;clear:left;\">cent more than in 2022.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-169-3": {
   "value": "<span style=\"display:inherit;clear:left;\">  Segment reporting</span><span style=\"display:inherit;clear:left;\">Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating </span><span style=\"display:inherit;clear:left;\">decision maker. The chief operating decision maker, who is responsible for allocating resources and assessing </span><span style=\"display:inherit;clear:left;\">performance of the operating segments, has been identified as the Group\u2019s Executive Board. Segments are defined </span><span style=\"display:inherit;clear:left;\">based on Group\u2019s business areas. Group has one business and reporting segment: Airline business.  </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSegmentReportingExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-186-2": {
   "value": "<span style=\"display:inherit;clear:left;\">1.2 Operating income</span><span style=\"display:inherit;clear:left;\">  The operating income section includes both income statement and balance sheet notes that relate to </span><span style=\"display:inherit;clear:left;\">revenue. The aim is to provide a more coherent picture of income related items affecting Finnair\u2019s result and </span><span style=\"display:inherit;clear:left;\">financial position. Trade receivables and deferred income containing mainly prepaid flight tickets and travel </span><span style=\"display:inherit;clear:left;\">tour services are presented in connection with this section, because those are an essential part in revenue </span><span style=\"display:inherit;clear:left;\">recognition.  </span><span style=\"display:inherit;clear:left;\">  Revenue recognition</span><span style=\"display:inherit;clear:left;\">Revenue is recognised when goods or services are delivered. Revenue is measured at fair value of the consideration </span><span style=\"display:inherit;clear:left;\">received or receivable, net of discounts and indirect taxes.</span><span style=\"display:inherit;clear:left;\">Passenger revenue includes sale of flight tickets, and is recognised as revenue when the flight is flown in accordance </span><span style=\"display:inherit;clear:left;\">with the flight traffic program. Recognition of unused tickets as revenue is based on the expected breakage amount of </span><span style=\"display:inherit;clear:left;\">tickets remaining unused in proportion to the pattern of rights exercised by the passenger.</span><span style=\"display:inherit;clear:left;\">Sales price is allocated to a flight ticket and points in Finnair Plus\u2019 Customer Loyalty Program. Finnair loyalty </span><span style=\"display:inherit;clear:left;\">customers can earn Finnair Plus Points from tickets or services purchased, and use the earned points to buy services </span><span style=\"display:inherit;clear:left;\">and products offered by Finnair or its cooperation partners. The points earned are measured at fair value and </span><span style=\"display:inherit;clear:left;\">recognised as a decrease of revenue and debt at the time when the points-earning event (for example, flight is </span><span style=\"display:inherit;clear:left;\">flown) is recognised as revenue. Fair value is measured by taking into account the fair value of those awards that can </span><span style=\"display:inherit;clear:left;\">be purchased with the points and the customer selection between different awards based on historical customer </span><span style=\"display:inherit;clear:left;\">behaviour. In addition, the fair valuation takes into account the expiry of the points. The debt is derecognised when the </span><span style=\"display:inherit;clear:left;\">points are used or expire.</span><span style=\"display:inherit;clear:left;\">Customer compensations for delays or cancellations is a variable consideration in the contract and it is recognised </span><span style=\"display:inherit;clear:left;\">as an adjustment to revenue.</span><span style=\"display:inherit;clear:left;\">Ancillary revenue includes sale of ticket related services, such as advance seat reservations, additional baggage </span><span style=\"display:inherit;clear:left;\">fees as well as different service fees, and sale of goods in the aircraft. The service revenue is recognized when the </span><span style=\"display:inherit;clear:left;\">flight is flown in accordance with the flight traffic program, since it is considered as a contract modification instead of </span><span style=\"display:inherit;clear:left;\">a separate revenue transaction. The sale of goods is recognized when the goods are delivered to the customer. </span><span style=\"display:inherit;clear:left;\">Cargo revenue is recognized when the cargo has been delivered to the customer. </span><span style=\"display:inherit;clear:left;\">Tour operations revenue includes sale of flight and hotel considered as separate performance obligations, which </span><span style=\"display:inherit;clear:left;\">are recognized as the service is delivered.  </span><span style=\"display:inherit;clear:left;\">1.2.1 Revenue by product and traffic area</span><span style=\"display:inherit;clear:left;\">2023</span><span style=\"display:inherit;clear:left;\">The division of revenue by traffic area is based on destination of the Finnair flights. Since the beginning of 2023, </span><span style=\"display:inherit;clear:left;\">Finnair has reported Middle East as a separate traffic area whereas in 2022, these figures were still included in </span><span style=\"display:inherit;clear:left;\">the European traffic. Comparison period figures have been adjusted accordingly.</span><span style=\"display:inherit;clear:left;\">Finnair\u2019s revenue increased compared to the financial year 2022 mainly due to increase in passenger </span><span style=\"display:inherit;clear:left;\">revenue. Passenger revenue increased as the COVID-19 impact was still reflected in the comparison period and </span><span style=\"display:inherit;clear:left;\">as passenger yields were exceptionally high during the reporting period. The decrease in cargo revenue was </span><span style=\"display:inherit;clear:left;\">mainly due to reduced cargo yields.</span><span style=\"display:inherit;clear:left;\">Due to the wide scale of customers and nature of the business, sales to any individual customer is not material</span><span style=\"display:inherit;clear:left;\">compared to Finnair\u2019s total revenue.</span><span style=\"display:inherit;clear:left;\">Share, % of </span><span style=\"display:inherit;clear:left;\">North </span><span style=\"display:inherit;clear:left;\">Middle </span><span style=\"display:inherit;clear:left;\">Unallo-</span><span style=\"display:inherit;clear:left;\">revenue by </span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2b\"> </span><span class=\"ws0\">Asia</span></span><span style=\"display:inherit;clear:left;\">Atlantic<span class=\"_ _110\"> </span>Europe</span><span style=\"display:inherit;clear:left;\">East<span class=\"_ _26a\"> </span>Domestic</span><span style=\"display:inherit;clear:left;\">cated<span class=\"_ _be\"> </span>Total</span><span style=\"display:inherit;clear:left;\">product</span><span style=\"display:inherit;clear:left;\">Passenger revenue<span class=\"_ _bd\"> </span><span class=\"ws0\">763.2<span class=\"_ _26b\"> </span>214.9<span class=\"_ _131\"> </span>1,045.3<span class=\"_ _5f\"> </span>206.3<span class=\"_ _105\"> </span>172.7<span class=\"_ _12f\"> </span>9.3<span class=\"_ _ea\"> </span><span class=\"ff1\">2,411.6<span class=\"_ _149\"> </span></span>80.7</span></span><span style=\"display:inherit;clear:left;\">Ancillary revenue<span class=\"_ _7f\"> </span><span class=\"ws0\">30.6<span class=\"_ _b9\"> </span>9.9<span class=\"_ _80\"> </span>50.7<span class=\"_ _104\"> </span>1.9<span class=\"_ _26c\"> </span>5.8<span class=\"_ _64\"> </span>48.9<span class=\"_ _18f\"> </span><span class=\"ff1\">147.8<span class=\"_ _102\"> </span></span>4.9</span></span><span style=\"display:inherit;clear:left;\">Cargo<span class=\"_ _4d\"> </span>133.6<span class=\"_ _7b\"> </span>28.5<span class=\"_ _80\"> </span>26.5<span class=\"_ _87\"> </span>1.4<span class=\"_ _124\"> </span>0.4<span class=\"_ _104\"> </span>1.6<span class=\"_ _26d\"> </span><span class=\"ff1\">192.0<span class=\"_ _102\"> </span></span>6.4</span><span style=\"display:inherit;clear:left;\">Travel services<span class=\"_ _f1\"> </span><span class=\"ws0\">23.8<span class=\"_ _87\"> </span>1.3<span class=\"_ _5f\"> </span>205.8<span class=\"_ _6f\"> </span>6.0<span class=\"_ _21a\"> </span>0.0<span class=\"_ _6e\"> </span>0.1<span class=\"_ _26e\"> </span><span class=\"ff1\">237.1<span class=\"_ _41\"> </span></span>7.9</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _141\"> </span>951.3<span class=\"_ _26f\"> </span>254.6<span class=\"_ _270\"> </span>1,328.3<span class=\"_ _26d\"> </span>215.6<span class=\"_ _80\"> </span>178.9<span class=\"_ _100\"> </span>59.9<span class=\"_ _271\"> </span>2,988.5</span><span style=\"display:inherit;clear:left;\">Share, % of revenue </span><span style=\"display:inherit;clear:left;\">by traffic area<span class=\"_ _e1\"> </span><span class=\"ws0\">31.8<span class=\"_ _12f\"> </span>8.5<span class=\"_ _151\"> </span>44.4<span class=\"_ _b7\"> </span>7.2<span class=\"_ _124\"> </span>6.0<span class=\"_ _b9\"> </span>2.0</span></span><span style=\"display:inherit;clear:left;\">2022</span><span style=\"display:inherit;clear:left;\">1.2.2 Revenue by currency</span><span style=\"display:inherit;clear:left;\">The hedging policies against foreign exhange rate fluctuations are described in note 3.5 Management of </span><span style=\"display:inherit;clear:left;\">financial risks.</span><span style=\"display:inherit;clear:left;\">Share, % of </span><span style=\"display:inherit;clear:left;\">North </span><span style=\"display:inherit;clear:left;\">Middle </span><span style=\"display:inherit;clear:left;\">Unallo-</span><span style=\"display:inherit;clear:left;\">revenue by </span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2b\"> </span><span class=\"ws0\">Asia</span></span><span style=\"display:inherit;clear:left;\">Atlantic<span class=\"_ _110\"> </span>Europe</span><span style=\"display:inherit;clear:left;\">East<span class=\"_ _272\"> </span>Domestic</span><span style=\"display:inherit;clear:left;\">cated<span class=\"_ _be\"> </span>Total</span><span style=\"display:inherit;clear:left;\">product</span><span style=\"display:inherit;clear:left;\">Passenger revenue<span class=\"_ _bc\"> </span><span class=\"ws0\">425.0<span class=\"_ _106\"> </span>244.3<span class=\"_ _5f\"> </span>855.0<span class=\"_ _151\"> </span>42.9<span class=\"_ _82\"> </span>128.2<span class=\"_ _273\"> </span>15.3<span class=\"_ _bd\"> </span><span class=\"ff1\">1,710.7<span class=\"_ _39\"> </span></span>72.6</span></span><span style=\"display:inherit;clear:left;\">Ancillary revenue<span class=\"_ _6f\"> </span><span class=\"ws0\">19.4<span class=\"_ _273\"> </span>12.8<span class=\"_ _7c\"> </span>36.7<span class=\"_ _6e\"> </span>1.0<span class=\"_ _124\"> </span>5.4<span class=\"_ _7b\"> </span>47.9<span class=\"_ _bb\"> </span><span class=\"ff1\">123.2<span class=\"_ _41\"> </span></span>5.2</span></span><span style=\"display:inherit;clear:left;\">Cargo<span class=\"_ _ae\"> </span>224.7<span class=\"_ _80\"> </span>82.6<span class=\"_ _80\"> </span>46.3<span class=\"_ _1fa\"> </span>2.4<span class=\"_ _c0\"> </span>0.4<span class=\"_ _103\"> </span>-4.1<span class=\"_ _70\"> </span><span class=\"ff1\">352.3<span class=\"_ _fc\"> </span></span>15.0</span><span style=\"display:inherit;clear:left;\">Travel services<span class=\"_ _3c\"> </span><span class=\"ws0\">7.6<span class=\"_ _b9\"> </span>0.3<span class=\"_ _26e\"> </span>156.2<span class=\"_ _1fa\"> </span>5.5<span class=\"_ _c0\"> </span>0.5<span class=\"_ _b9\"> </span>0.2<span class=\"_ _bb\"> </span><span class=\"ff1\">170.3<span class=\"_ _10b\"> </span></span>7.2</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _ac\"> </span>676.8<span class=\"_ _79\"> </span>340.0<span class=\"_ _13c\"> </span>1,094.3<span class=\"_ _65\"> </span>51.8<span class=\"_ _d\"> </span>134.4<span class=\"_ _100\"> </span>59.3<span class=\"_ _13c\"> </span>2,356.6</span><span style=\"display:inherit;clear:left;\">Share, % of revenue </span><span style=\"display:inherit;clear:left;\">by traffic area<span class=\"_ _10a\"> </span><span class=\"ws0\">28.7<span class=\"_ _23\"> </span>14.4<span class=\"_ _151\"> </span>46.4<span class=\"_ _68\"> </span>2.2<span class=\"_ _26c\"> </span>5.7<span class=\"_ _1fa\"> </span>2.5</span></span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">EUR<span class=\"_ _274\"> </span>1,764.0<span class=\"_ _26c\"> </span>1,365.3</span><span style=\"display:inherit;clear:left;\">USD<span class=\"_ _275\"> </span>282.1<span class=\"_ _10a\"> </span>193.7</span><span style=\"display:inherit;clear:left;\">JPY<span class=\"_ _12a\"> </span>128.4<span class=\"_ _10c\"> </span>96.8</span><span style=\"display:inherit;clear:left;\">GBP<span class=\"_ _d0\"> </span>109.4<span class=\"_ _47\"> </span>97.8</span><span style=\"display:inherit;clear:left;\">SEK<span class=\"_ _276\"> </span>100.6<span class=\"_ _e9\"> </span>100.9</span><span style=\"display:inherit;clear:left;\">KRW<span class=\"_ _277\"> </span>93.6<span class=\"_ _47\"> </span>52.3</span><span style=\"display:inherit;clear:left;\">NOK<span class=\"_ _278\"> </span>82.9<span class=\"_ _3c\"> </span>85.4</span><span style=\"display:inherit;clear:left;\">Other currencies<span class=\"_ _21\"> </span><span class=\"ws0\">427.5<span class=\"_ _232\"> </span>364.2</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _279\"> </span>2,988.5<span class=\"_ _129\"> </span>2,356.6</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-193-3": {
   "value": "<span style=\"display:inherit;clear:left;\">  Revenue recognition</span><span style=\"display:inherit;clear:left;\">Revenue is recognised when goods or services are delivered. Revenue is measured at fair value of the consideration </span><span style=\"display:inherit;clear:left;\">received or receivable, net of discounts and indirect taxes.</span><span style=\"display:inherit;clear:left;\">Passenger revenue includes sale of flight tickets, and is recognised as revenue when the flight is flown in accordance </span><span style=\"display:inherit;clear:left;\">with the flight traffic program. Recognition of unused tickets as revenue is based on the expected breakage amount of </span><span style=\"display:inherit;clear:left;\">tickets remaining unused in proportion to the pattern of rights exercised by the passenger.</span><span style=\"display:inherit;clear:left;\">Sales price is allocated to a flight ticket and points in Finnair Plus\u2019 Customer Loyalty Program. Finnair loyalty </span><span style=\"display:inherit;clear:left;\">customers can earn Finnair Plus Points from tickets or services purchased, and use the earned points to buy services </span><span style=\"display:inherit;clear:left;\">and products offered by Finnair or its cooperation partners. The points earned are measured at fair value and </span><span style=\"display:inherit;clear:left;\">recognised as a decrease of revenue and debt at the time when the points-earning event (for example, flight is </span><span style=\"display:inherit;clear:left;\">flown) is recognised as revenue. Fair value is measured by taking into account the fair value of those awards that can </span><span style=\"display:inherit;clear:left;\">be purchased with the points and the customer selection between different awards based on historical customer </span><span style=\"display:inherit;clear:left;\">behaviour. In addition, the fair valuation takes into account the expiry of the points. The debt is derecognised when the </span><span style=\"display:inherit;clear:left;\">points are used or expire.</span><span style=\"display:inherit;clear:left;\">Customer compensations for delays or cancellations is a variable consideration in the contract and it is recognised </span><span style=\"display:inherit;clear:left;\">as an adjustment to revenue.</span><span style=\"display:inherit;clear:left;\">Ancillary revenue includes sale of ticket related services, such as advance seat reservations, additional baggage </span><span style=\"display:inherit;clear:left;\">fees as well as different service fees, and sale of goods in the aircraft. The service revenue is recognized when the </span><span style=\"display:inherit;clear:left;\">flight is flown in accordance with the flight traffic program, since it is considered as a contract modification instead of </span><span style=\"display:inherit;clear:left;\">a separate revenue transaction. The sale of goods is recognized when the goods are delivered to the customer. </span><span style=\"display:inherit;clear:left;\">Cargo revenue is recognized when the cargo has been delivered to the customer. </span><span style=\"display:inherit;clear:left;\">Tour operations revenue includes sale of flight and hotel considered as separate performance obligations, which </span><span style=\"display:inherit;clear:left;\">are recognized as the service is delivered.  </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-216-2": {
   "value": "<span style=\"display:inherit;clear:left;\">  Trade receivables</span><span style=\"display:inherit;clear:left;\">Finnair Group recognises impairment provisions based on lifetime expected credit losses from trade receivables </span><span style=\"display:inherit;clear:left;\">in accordance with IFRS 9. Finnair has chosen to apply a simplified credit loss matrix for trade receivables as trade </span><span style=\"display:inherit;clear:left;\">receivables do not have a significant financing component. Accordingly, the credit loss allowance is measured at an </span><span style=\"display:inherit;clear:left;\">amount equal to the lifetime expected credit losses. The expected credit loss model is forward-looking, and expected </span><span style=\"display:inherit;clear:left;\">default rates are based on historical realised credit losses. The lifetime expected credit loss allowance is calculated </span><span style=\"display:inherit;clear:left;\">using the gross carrying amount of outstanding trade receivables in each aging bucket and an expected default rate. </span><span style=\"display:inherit;clear:left;\">The changes in expected credit losses are recognised in other operating expenses.  </span><span style=\"display:inherit;clear:left;\">1.2.3 Receivables related to revenue</span><span style=\"display:inherit;clear:left;\">Most of the accrued income represents contract assets, for which Finnair has met the performance requirement </span><span style=\"display:inherit;clear:left;\">prior to receiving payment from customers and these have not yet been recognized as trade receivables. </span><span style=\"display:inherit;clear:left;\">Contract assets mainly include accrued income related to cargo sales and receivables from airlines involved </span><span style=\"display:inherit;clear:left;\">in the Siberian Joint Business on flights between Europe and Japan, and the Atlantic Joint Business on flights </span><span style=\"display:inherit;clear:left;\">between Europe and North America.</span><span style=\"display:inherit;clear:left;\">The fair value of trade receivables does not materially differ from balance sheet value.</span><span style=\"display:inherit;clear:left;\">During the financial year, the Group recognised credit losses in total of 0.8 million euros (0.2). Trade receivables </span><span style=\"display:inherit;clear:left;\">do not contain significant credit risk because of the diversified customer base. The maximum exposure to credit </span><span style=\"display:inherit;clear:left;\">risk at the reporting date equals to the total carrying amount of trade receivables. The Group does not hold any </span><span style=\"display:inherit;clear:left;\">collateral as security related to trade receivables.</span><span style=\"display:inherit;clear:left;\">Trade receivables by currency</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Trade receivables<span class=\"_ _27a\"> </span><span class=\"ws0\">94.1<span class=\"_ _10c\"> </span>89.4</span></span><span style=\"display:inherit;clear:left;\">Accrued income<span class=\"_ _18c\"> </span><span class=\"ws0\">60.3<span class=\"_ _42\"> </span>45.5</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _27b\"> </span>154.4<span class=\"_ _232\"> </span>134.9</span><span style=\"display:inherit;clear:left;\">2023<span class=\"_ _27c\"> </span>2022</span><span style=\"display:inherit;clear:left;\">Aging analysis </span><span style=\"display:inherit;clear:left;\">Trade </span><span style=\"display:inherit;clear:left;\">Probability </span><span style=\"display:inherit;clear:left;\">Expected </span><span style=\"display:inherit;clear:left;\">Trade </span><span style=\"display:inherit;clear:left;\">Probability </span><span style=\"display:inherit;clear:left;\">Expected </span><span style=\"display:inherit;clear:left;\">of trade </span><span style=\"display:inherit;clear:left;\">receivables, </span><span style=\"display:inherit;clear:left;\">of not </span><span style=\"display:inherit;clear:left;\">uncollectible, <span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span><span style=\"display:inherit;clear:left;\">receivables, </span><span style=\"display:inherit;clear:left;\">of not </span><span style=\"display:inherit;clear:left;\">uncollectible, <span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span><span style=\"display:inherit;clear:left;\">receivables</span><span style=\"display:inherit;clear:left;\">EUR mill.</span><span style=\"display:inherit;clear:left;\">collecting, %</span><span style=\"display:inherit;clear:left;\">EUR mill.</span><span style=\"display:inherit;clear:left;\">EUR mill.</span><span style=\"display:inherit;clear:left;\">collecting, %</span><span style=\"display:inherit;clear:left;\">EUR mill.</span><span style=\"display:inherit;clear:left;\">Not overdue<span class=\"_ _256\"> </span><span class=\"ws0\">93.7<span class=\"_ _bf\"> </span>0.6%<span class=\"_ _56\"> </span>0.5<span class=\"_ _3b\"> </span>87.1<span class=\"_ _10a\"> </span>0.5%<span class=\"_ _56\"> </span>0.4</span></span><span style=\"display:inherit;clear:left;\">Overdue less than </span><span style=\"display:inherit;clear:left;\">60 days<span class=\"_ _17d\"> </span><span class=\"ws0\">0.1<span class=\"_ _10a\"> </span>4.5%<span class=\"_ _182\"> </span>0.0<span class=\"_ _51\"> </span>0.2<span class=\"_ _232\"> </span>19.7%<span class=\"_ _182\"> </span>0.0</span></span><span style=\"display:inherit;clear:left;\">Overdue more </span><span style=\"display:inherit;clear:left;\">than 60 days<span class=\"_ _cd\"> </span><span class=\"ws0\">0.4<span class=\"_ _e1\"> </span>3.7%<span class=\"_ _182\"> </span>0.0<span class=\"_ _108\"> </span>2.1<span class=\"_ _fc\"> </span>6.3%<span class=\"_ _50\"> </span>0.1</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _16f\"> </span>94.1<span class=\"_ _46\"> </span>0.6%<span class=\"_ _182\"> </span>0.6<span class=\"_ _e6\"> </span>89.4<span class=\"_ _39\"> </span>0.7%<span class=\"_ _182\"> </span>0.6</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">EUR<span class=\"_ _27d\"> </span>51.4<span class=\"_ _42\"> </span>52.6</span><span style=\"display:inherit;clear:left;\">USD<span class=\"_ _27e\"> </span>11.4<span class=\"_ _4b\"> </span>5.2</span><span style=\"display:inherit;clear:left;\">KRW<span class=\"_ _27f\"> </span>4.1<span class=\"_ _4b\"> </span>3.2</span><span style=\"display:inherit;clear:left;\">NOK<span class=\"_ _27e\"> </span>3.9<span class=\"_ _51\"> </span>6.2</span><span style=\"display:inherit;clear:left;\">JPY<span class=\"_ _190\"> </span>3.4<span class=\"_ _d2\"> </span>3.1</span><span style=\"display:inherit;clear:left;\">GBP<span class=\"_ _193\"> </span>3.1<span class=\"_ _107\"> </span>3.7</span><span style=\"display:inherit;clear:left;\">SEK<span class=\"_ _280\"> </span>2.8<span class=\"_ _4b\"> </span>3.3</span><span style=\"display:inherit;clear:left;\">Other currencies<span class=\"_ _281\"> </span><span class=\"ws0\">14.0<span class=\"_ _182\"> </span>12.1</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _d0\"> </span>94.1<span class=\"_ _fd\"> </span>89.4</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-216-3": {
   "value": "<span style=\"display:inherit;clear:left;\">  Trade receivables</span><span style=\"display:inherit;clear:left;\">Finnair Group recognises impairment provisions based on lifetime expected credit losses from trade receivables </span><span style=\"display:inherit;clear:left;\">in accordance with IFRS 9. Finnair has chosen to apply a simplified credit loss matrix for trade receivables as trade </span><span style=\"display:inherit;clear:left;\">receivables do not have a significant financing component. Accordingly, the credit loss allowance is measured at an </span><span style=\"display:inherit;clear:left;\">amount equal to the lifetime expected credit losses. The expected credit loss model is forward-looking, and expected </span><span style=\"display:inherit;clear:left;\">default rates are based on historical realised credit losses. The lifetime expected credit loss allowance is calculated </span><span style=\"display:inherit;clear:left;\">using the gross carrying amount of outstanding trade receivables in each aging bucket and an expected default rate. </span><span style=\"display:inherit;clear:left;\">The changes in expected credit losses are recognised in other operating expenses.  </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-224-2": {
   "value": "<span style=\"display:inherit;clear:left;\">Finnair Plus Customer Loyalty Program</span><span style=\"display:inherit;clear:left;\">Valuation and revenue recognition related to Finnair Plus debt require management\u2019s judgement especially on fair </span><span style=\"display:inherit;clear:left;\">valuation of points and timing of revenue recognition related to points expected to expire. The fair value of the point </span><span style=\"display:inherit;clear:left;\">is defined by allocating the point to award selection based on historical behaviour of customers, after which the fair </span><span style=\"display:inherit;clear:left;\">value of each award is defined. The liability is calculated by taking the total amount of points earned by customers, </span><span style=\"display:inherit;clear:left;\">decreased by the expected expiry of the points. These points are then fair valued as described above, and the result is </span><span style=\"display:inherit;clear:left;\">recognised as liability on the balance sheet. </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForCustomerLoyaltyProgrammesExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-254-3": {
   "value": "<span style=\"display:inherit;clear:left;\">During the financial year, the Group recognised credit losses in total of 0.8 million euros (0.2). Trade receivables </span><span style=\"display:inherit;clear:left;\">do not contain significant credit risk because of the diversified customer base. The maximum exposure to credit </span><span style=\"display:inherit;clear:left;\">risk at the reporting date equals to the total carrying amount of trade receivables. The Group does not hold any </span><span style=\"display:inherit;clear:left;\">collateral as security related to trade receivables.</span><span style=\"display:inherit;clear:left;\">2023<span class=\"_ _27c\"> </span>2022</span><span style=\"display:inherit;clear:left;\">Aging analysis </span><span style=\"display:inherit;clear:left;\">Trade </span><span style=\"display:inherit;clear:left;\">Probability </span><span style=\"display:inherit;clear:left;\">Expected </span><span style=\"display:inherit;clear:left;\">Trade </span><span style=\"display:inherit;clear:left;\">Probability </span><span style=\"display:inherit;clear:left;\">Expected </span><span style=\"display:inherit;clear:left;\">of trade </span><span style=\"display:inherit;clear:left;\">receivables, </span><span style=\"display:inherit;clear:left;\">of not </span><span style=\"display:inherit;clear:left;\">uncollectible, <span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span><span style=\"display:inherit;clear:left;\">receivables, </span><span style=\"display:inherit;clear:left;\">of not </span><span style=\"display:inherit;clear:left;\">uncollectible, <span class=\"_ _0\"></span><span class=\"ls0 ws0\"> </span></span><span style=\"display:inherit;clear:left;\">receivables</span><span style=\"display:inherit;clear:left;\">EUR mill.</span><span style=\"display:inherit;clear:left;\">collecting, %</span><span style=\"display:inherit;clear:left;\">EUR mill.</span><span style=\"display:inherit;clear:left;\">EUR mill.</span><span style=\"display:inherit;clear:left;\">collecting, %</span><span style=\"display:inherit;clear:left;\">EUR mill.</span><span style=\"display:inherit;clear:left;\">Not overdue<span class=\"_ _256\"> </span><span class=\"ws0\">93.7<span class=\"_ _bf\"> </span>0.6%<span class=\"_ _56\"> </span>0.5<span class=\"_ _3b\"> </span>87.1<span class=\"_ _10a\"> </span>0.5%<span class=\"_ _56\"> </span>0.4</span></span><span style=\"display:inherit;clear:left;\">Overdue less than </span><span style=\"display:inherit;clear:left;\">60 days<span class=\"_ _17d\"> </span><span class=\"ws0\">0.1<span class=\"_ _10a\"> </span>4.5%<span class=\"_ _182\"> </span>0.0<span class=\"_ _51\"> </span>0.2<span class=\"_ _232\"> </span>19.7%<span class=\"_ _182\"> </span>0.0</span></span><span style=\"display:inherit;clear:left;\">Overdue more </span><span style=\"display:inherit;clear:left;\">than 60 days<span class=\"_ _cd\"> </span><span class=\"ws0\">0.4<span class=\"_ _e1\"> </span>3.7%<span class=\"_ _182\"> </span>0.0<span class=\"_ _108\"> </span>2.1<span class=\"_ _fc\"> </span>6.3%<span class=\"_ _50\"> </span>0.1</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _16f\"> </span>94.1<span class=\"_ _46\"> </span>0.6%<span class=\"_ _182\"> </span>0.6<span class=\"_ _e6\"> </span>89.4<span class=\"_ _39\"> </span>0.7%<span class=\"_ _182\"> </span>0.6</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAllowanceForCreditLossesExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-259-2": {
   "value": "<span style=\"display:inherit;clear:left;\">1.2.4 Deferred income and advances received</span><span style=\"display:inherit;clear:left;\">Most of the deferred income and advances received represent contract liabilities, for which payments have </span><span style=\"display:inherit;clear:left;\">been received from customers before the performance obligation is discharged by Finnair. Deferred income </span><span style=\"display:inherit;clear:left;\">and advances received includes prepaid flight tickets and package tours for which the departure date is in the </span><span style=\"display:inherit;clear:left;\">future. The Finnair Plus liability is related to Finnair\u2019s customer loyalty program, and equals the fair value of the </span><span style=\"display:inherit;clear:left;\">accumulated, unused Finnair Plus points. Other items mainly include gift voucher liabilities and liabilities to airlines </span><span style=\"display:inherit;clear:left;\">involved in the Siberian Joint Business on flights between Europe and Japan, and the Atlantic Joint Business on flights </span><span style=\"display:inherit;clear:left;\">between Europe and North America.</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Deferred revenue on ticket sales<span class=\"_ _118\"> </span><span class=\"ws0\">394.8<span class=\"_ _232\"> </span>356.4</span></span><span style=\"display:inherit;clear:left;\">Loyalty program Finnair Plus<span class=\"_ _24b\"> </span><span class=\"ws0\">66.7<span class=\"_ _10b\"> </span>51.3</span></span><span style=\"display:inherit;clear:left;\">Advances received for tour operations<span class=\"_ _235\"> </span><span class=\"ws0\">32.5<span class=\"_ _282\"> </span>27.9</span></span><span style=\"display:inherit;clear:left;\">Other items<span class=\"_ _283\"> </span><span class=\"ws0\">12.8<span class=\"_ _30\"> </span>16.4</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _284\"> </span>506.7<span class=\"_ _b5\"> </span>452.0</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredIncomeExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-273-2": {
   "value": "<span style=\"display:inherit;clear:left;\">1.2.5 Other operating income</span><span style=\"display:inherit;clear:left;\">Other operating income decreased when compared to the financial year 2022 mainly due to ending of the </span><span style=\"display:inherit;clear:left;\">wet lease arrangements with Eurowings Discover in the first quarter of 2023. Sales gains on fixed assets mainly </span><span style=\"display:inherit;clear:left;\">comprise of the purchase of two A320 and seven A321 leased aircraft.</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Lease income<span class=\"_ _285\"> </span><span class=\"ws0\">95.3<span class=\"_ _e6\"> </span>118.8</span></span><span style=\"display:inherit;clear:left;\">Sales gains on fixed assets<span class=\"_ _286\"> </span><span class=\"ws0\">13.4<span class=\"_ _1cf\"> </span>6.8</span></span><span style=\"display:inherit;clear:left;\">Other income<span class=\"_ _287\"> </span><span class=\"ws0\">21.8<span class=\"_ _282\"> </span>27.9</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _288\"> </span>130.5<span class=\"_ _e9\"> </span>153.5</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-273-3": {
   "value": "<span style=\"display:inherit;clear:left;\">1.2.5 Other operating income</span><span style=\"display:inherit;clear:left;\">Other operating income decreased when compared to the financial year 2022 mainly due to ending of the </span><span style=\"display:inherit;clear:left;\">wet lease arrangements with Eurowings Discover in the first quarter of 2023. Sales gains on fixed assets mainly </span><span style=\"display:inherit;clear:left;\">comprise of the purchase of two A320 and seven A321 leased aircraft.</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Lease income<span class=\"_ _285\"> </span><span class=\"ws0\">95.3<span class=\"_ _e6\"> </span>118.8</span></span><span style=\"display:inherit;clear:left;\">Sales gains on fixed assets<span class=\"_ _286\"> </span><span class=\"ws0\">13.4<span class=\"_ _1cf\"> </span>6.8</span></span><span style=\"display:inherit;clear:left;\">Other income<span class=\"_ _287\"> </span><span class=\"ws0\">21.8<span class=\"_ _282\"> </span>27.9</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _288\"> </span>130.5<span class=\"_ _e9\"> </span>153.5</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-277-2": {
   "value": "<span style=\"display:inherit;clear:left;\">1.3 Operating expenses</span><span style=\"display:inherit;clear:left;\">  The operating expenses section includes the income statement and balance sheet notes related to operating<span class=\"_ _1\"></span> </span><span style=\"display:inherit;clear:left;\">expenses, aiming to provide a better overview of business operations and related expenses. Maintenance provisions<span class=\"_ _1\"></span> </span><span style=\"display:inherit;clear:left;\">of leased aircraft that inherently relate to aircraft overhaul costs are included in this operating expenses section. Also<span class=\"_ _1\"></span> </span><span style=\"display:inherit;clear:left;\">accrued expenses, such as liabilities related to jet fuel and traffic charges, are presented in this section. In addition,<span class=\"_ _1\"></span> </span><span style=\"display:inherit;clear:left;\">items related to employee benefits are presented at the end of this section in a separate note 1.3.8. Employee benefits.</span><span style=\"display:inherit;clear:left;\">It includes the different forms of benefits received by Finnair employees, including share-based payments and<span class=\"_ _1\"></span> </span><span style=\"display:inherit;clear:left;\">pensions, their effect on staff costs and balance sheet as well as information on management remuneration.  </span><span style=\"display:inherit;clear:left;\">Finnair\u2019s operating expenses increased as compared to the prior year mainly due to increased capacity and </span><span style=\"display:inherit;clear:left;\">longer Asian routings. Finnair continued its cost efficiency initiatives during 2023.</span><span style=\"display:inherit;clear:left;\">1.3.1 Operating expenses by currency</span><span style=\"display:inherit;clear:left;\">The hedging policies against foreign exchange rate fluctuations are described in note 3.5 Management of </span><span style=\"display:inherit;clear:left;\">financial risks.</span><span style=\"display:inherit;clear:left;\">1.3.2 Passenger and handling services</span><span style=\"display:inherit;clear:left;\">1.3.3 Property, IT and other expenses</span><span style=\"display:inherit;clear:left;\">Property, IT and other expenses mainly consist of fixed costs.</span><span style=\"display:inherit;clear:left;\">Audit fees</span><span style=\"display:inherit;clear:left;\">The auditor\u2019s fees of KPMG Oy Ab included fees of 614 thousand euro (466) for audit services and 9 thousand </span><span style=\"display:inherit;clear:left;\">euro (127) for auditor\u2019s statements. Non-audit services to Finnair Group entities were 239 thousand euro (3).</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">IT expenses<span class=\"_ _21f\"> </span><span class=\"ws0\">67.2<span class=\"_ _3c\"> </span>63.9</span></span><span style=\"display:inherit;clear:left;\">Property expenses<span class=\"_ _290\"> </span><span class=\"ws0\">21.9<span class=\"_ _10c\"> </span>20.6</span></span><span style=\"display:inherit;clear:left;\">Other expenses<span class=\"_ _291\"> </span><span class=\"ws0\">22.9<span class=\"_ _42\"> </span>39.2</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _292\"> </span>112.1<span class=\"_ _46\"> </span>123.7</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Auditor's fees<span class=\"_ _293\"> </span><span class=\"ws0\">0.6<span class=\"_ _56\"> </span>0.6</span></span><span style=\"display:inherit;clear:left;\">Tax advising<span class=\"_ _294\"> </span><span class=\"ws0\">-<span class=\"_ _22\"> </span>-</span></span><span style=\"display:inherit;clear:left;\">Other fees<span class=\"_ _199\"> </span><span class=\"ws0\">0.2<span class=\"_ _295\"> </span>0.0</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _296\"> </span>0.9<span class=\"_ _297\"> </span>0.6</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">EUR<span class=\"_ _289\"> </span>1,774.4<span class=\"_ _b6\"> </span>1,490.1</span><span style=\"display:inherit;clear:left;\">USD<span class=\"_ _275\"> </span>971.9<span class=\"_ _124\"> </span>1,092.3</span><span style=\"display:inherit;clear:left;\">Other currencies<span class=\"_ _28a\"> </span><span class=\"ws0\">181.3<span class=\"_ _bf\"> </span>128.3</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _28b\"> </span>2,927.5<span class=\"_ _77\"> </span>2,710.6</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Ground and cargo handling expenses<span class=\"_ _28c\"> </span><span class=\"ws0\">178.8<span class=\"_ _39\"> </span>158.3</span></span><span style=\"display:inherit;clear:left;\">Expenses for tour operations<span class=\"_ _28d\"> </span><span class=\"ws0\">115.4<span class=\"_ _10c\"> </span>88.9</span></span><span style=\"display:inherit;clear:left;\">Catering expenses<span class=\"_ _206\"> </span><span class=\"ws0\">57.3<span class=\"_ _10d\"> </span>45.0</span></span><span style=\"display:inherit;clear:left;\">Other passenger services<span class=\"_ _28e\"> </span><span class=\"ws0\">62.7<span class=\"_ _42\"> </span>55.8</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _28f\"> </span>414.1<span class=\"_ _b5\"> </span>348.0</span><span style=\"display:inherit;clear:left;\">2.3 Depreciation and impairment</span><span style=\"display:inherit;clear:left;\">Depreciation</span><span style=\"display:inherit;clear:left;\">Depreciation of assets is determined based on their expected useful life or maintenance cycle and residual value. </span><span style=\"display:inherit;clear:left;\">Depreciation for all assets is calculated using straight-line method. Depreciation is started when the asset is available </span><span style=\"display:inherit;clear:left;\">for use. Depreciation is ceased when the asset is either classified as held for sale or derecognised. The useful life and </span><span style=\"display:inherit;clear:left;\">residual value for assets are described in more detail in the note 2.1. </span><span style=\"display:inherit;clear:left;\">Depreciation and impairment include both planned depreciations on fixed assets as well as impairment. The </span><span style=\"display:inherit;clear:left;\">depreciation of own fleet increased mainly due to nine purchased aircrafts.</span><span style=\"display:inherit;clear:left;\">An impairment of 13.7 million euro was recorded in 2023 related to lease agreements a land area and the </span><span style=\"display:inherit;clear:left;\">related building located in the airport area. The impairment was caused by low utilization of the leased property</span><span style=\"display:inherit;clear:left;\">resulting from reorganization of certain operational activities in cooperation with Nordic Regional Airlines AB. At </span><span style=\"display:inherit;clear:left;\">the end of the review period, the respective lease liability related to the property reported on the consolidated </span><span style=\"display:inherit;clear:left;\">balance sheet totalled to 13.4 million euro. </span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Amortisation of intangible assets<span class=\"_ _309\"> </span><span class=\"ws0\">1.0<span class=\"_ _108\"> </span>3.1</span></span><span style=\"display:inherit;clear:left;\">Depreciation of own fleet<span class=\"_ _30a\"> </span><span class=\"ws0\">139.5<span class=\"_ _149\"> </span>120.9</span></span><span style=\"display:inherit;clear:left;\">Depreciation of right-of-use fleet<span class=\"_ _30b\"> </span><span class=\"ws0\">156.9<span class=\"_ _46\"> </span>156.0</span></span><span style=\"display:inherit;clear:left;\">Depreciation of other tangible assets<span class=\"_ _30c\"> </span><span class=\"ws0\">14.3<span class=\"_ _41\"> </span>15.8</span></span><span style=\"display:inherit;clear:left;\">Depreciation of other right-of-use assets<span class=\"_ _247\"> </span><span class=\"ws0\">20.9<span class=\"_ _2d1\"> </span>21.3</span></span><span style=\"display:inherit;clear:left;\">Amortisation and depreciation<span class=\"_ _9a\"> </span><span class=\"ws0\">332.6<span class=\"_ _fc\"> </span>317.1</span></span><span style=\"display:inherit;clear:left;\">Impairment of assets<span class=\"_ _30d\"> </span><span class=\"ws0\">13.7<span class=\"_ _2be\"> </span>32.7</span></span><span style=\"display:inherit;clear:left;\">Impairment<span class=\"_ _2f\"> </span>13.7<span class=\"_ _3c\"> </span>32.7</span><span style=\"display:inherit;clear:left;\">Total <span class=\"_ _30e\"> </span>346.2<span class=\"_ _22a\"> </span>349.8</span><span style=\"display:inherit;clear:left;\">Total depreciation and impairment in income statement<span class=\"_ _30f\"> </span><span class=\"ws0\">346.2<span class=\"_ _22a\"> </span>349.8</span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-295-3": {
   "value": "<span style=\"display:inherit;clear:left;\">1.3.3 Property, IT and other expenses</span><span style=\"display:inherit;clear:left;\">Property, IT and other expenses mainly consist of fixed costs.</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">IT expenses<span class=\"_ _21f\"> </span><span class=\"ws0\">67.2<span class=\"_ _3c\"> </span>63.9</span></span><span style=\"display:inherit;clear:left;\">Property expenses<span class=\"_ _290\"> </span><span class=\"ws0\">21.9<span class=\"_ _10c\"> </span>20.6</span></span><span style=\"display:inherit;clear:left;\">Other expenses<span class=\"_ _291\"> </span><span class=\"ws0\">22.9<span class=\"_ _42\"> </span>39.2</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _292\"> </span>112.1<span class=\"_ _46\"> </span>123.7</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeneralAndAdministrativeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-297-3": {
   "value": "<span style=\"display:inherit;clear:left;\">Audit fees</span><span style=\"display:inherit;clear:left;\">The auditor\u2019s fees of KPMG Oy Ab included fees of 614 thousand euro (466) for audit services and 9 thousand </span><span style=\"display:inherit;clear:left;\">euro (127) for auditor\u2019s statements. Non-audit services to Finnair Group entities were 239 thousand euro (3).</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Auditor's fees<span class=\"_ _293\"> </span><span class=\"ws0\">0.6<span class=\"_ _56\"> </span>0.6</span></span><span style=\"display:inherit;clear:left;\">Tax advising<span class=\"_ _294\"> </span><span class=\"ws0\">-<span class=\"_ _22\"> </span>-</span></span><span style=\"display:inherit;clear:left;\">Other fees<span class=\"_ _199\"> </span><span class=\"ws0\">0.2<span class=\"_ _295\"> </span>0.0</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _296\"> </span>0.9<span class=\"_ _297\"> </span>0.6</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-300-2": {
   "value": "<span style=\"display:inherit;clear:left;\">1.3.4 Inventories and other current assets</span><span style=\"display:inherit;clear:left;\">Credit card acquirer holdbacks relate to cash funds from passenger ticket sales that are held by credit card </span><span style=\"display:inherit;clear:left;\">processors.</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Credit card acquirer holdbacks<span class=\"_ _298\"> </span><span class=\"ws0\">57.0<span class=\"_ _42\"> </span>57.0</span></span><span style=\"display:inherit;clear:left;\">Inventories<span class=\"_ _299\"> </span>32.2<span class=\"_ _297\"> </span>31.1</span><span style=\"display:inherit;clear:left;\">Aircraft materials and overhaul<span class=\"_ _24\"> </span><span class=\"ws0\">9.5<span class=\"_ _4b\"> </span>7.4</span></span><span style=\"display:inherit;clear:left;\">Jet fuels<span class=\"_ _27b\"> </span><span class=\"ws0\">9.3<span class=\"_ _1cf\"> </span>6.6</span></span><span style=\"display:inherit;clear:left;\">Capacity rent receivables<span class=\"_ _29a\"> </span><span class=\"ws0\">7.0<span class=\"_ _1cf\"> </span>6.4</span></span><span style=\"display:inherit;clear:left;\">VAT receivables<span class=\"_ _29b\"> </span><span class=\"ws0\">3.7<span class=\"_ _108\"> </span>2.1</span></span><span style=\"display:inherit;clear:left;\">Interest and other financial items<span class=\"_ _29c\"> </span><span class=\"ws0\">2.3<span class=\"_ _d2\"> </span>1.5</span></span><span style=\"display:inherit;clear:left;\">Other items<span class=\"_ _283\"> </span><span class=\"ws0\">13.6<span class=\"_ _1cf\"> </span>9.8</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _288\"> </span>134.6<span class=\"_ _232\"> </span>122.0</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-300-3": {
   "value": "<span style=\"display:inherit;clear:left;\">1.3.4 Inventories and other current assets</span><span style=\"display:inherit;clear:left;\">Credit card acquirer holdbacks relate to cash funds from passenger ticket sales that are held by credit card </span><span style=\"display:inherit;clear:left;\">processors.</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Credit card acquirer holdbacks<span class=\"_ _298\"> </span><span class=\"ws0\">57.0<span class=\"_ _42\"> </span>57.0</span></span><span style=\"display:inherit;clear:left;\">Inventories<span class=\"_ _299\"> </span>32.2<span class=\"_ _297\"> </span>31.1</span><span style=\"display:inherit;clear:left;\">Aircraft materials and overhaul<span class=\"_ _24\"> </span><span class=\"ws0\">9.5<span class=\"_ _4b\"> </span>7.4</span></span><span style=\"display:inherit;clear:left;\">Jet fuels<span class=\"_ _27b\"> </span><span class=\"ws0\">9.3<span class=\"_ _1cf\"> </span>6.6</span></span><span style=\"display:inherit;clear:left;\">Capacity rent receivables<span class=\"_ _29a\"> </span><span class=\"ws0\">7.0<span class=\"_ _1cf\"> </span>6.4</span></span><span style=\"display:inherit;clear:left;\">VAT receivables<span class=\"_ _29b\"> </span><span class=\"ws0\">3.7<span class=\"_ _108\"> </span>2.1</span></span><span style=\"display:inherit;clear:left;\">Interest and other financial items<span class=\"_ _29c\"> </span><span class=\"ws0\">2.3<span class=\"_ _d2\"> </span>1.5</span></span><span style=\"display:inherit;clear:left;\">Other items<span class=\"_ _283\"> </span><span class=\"ws0\">13.6<span class=\"_ _1cf\"> </span>9.8</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _288\"> </span>134.6<span class=\"_ _232\"> </span>122.0</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherCurrentAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-300-4": {
   "value": "<span style=\"display:inherit;clear:left;\">1.3.4 Inventories and other current assets</span><span style=\"display:inherit;clear:left;\">Credit card acquirer holdbacks relate to cash funds from passenger ticket sales that are held by credit card </span><span style=\"display:inherit;clear:left;\">processors.</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Credit card acquirer holdbacks<span class=\"_ _298\"> </span><span class=\"ws0\">57.0<span class=\"_ _42\"> </span>57.0</span></span><span style=\"display:inherit;clear:left;\">Inventories<span class=\"_ _299\"> </span>32.2<span class=\"_ _297\"> </span>31.1</span><span style=\"display:inherit;clear:left;\">Aircraft materials and overhaul<span class=\"_ _24\"> </span><span class=\"ws0\">9.5<span class=\"_ _4b\"> </span>7.4</span></span><span style=\"display:inherit;clear:left;\">Jet fuels<span class=\"_ _27b\"> </span><span class=\"ws0\">9.3<span class=\"_ _1cf\"> </span>6.6</span></span><span style=\"display:inherit;clear:left;\">Capacity rent receivables<span class=\"_ _29a\"> </span><span class=\"ws0\">7.0<span class=\"_ _1cf\"> </span>6.4</span></span><span style=\"display:inherit;clear:left;\">VAT receivables<span class=\"_ _29b\"> </span><span class=\"ws0\">3.7<span class=\"_ _108\"> </span>2.1</span></span><span style=\"display:inherit;clear:left;\">Interest and other financial items<span class=\"_ _29c\"> </span><span class=\"ws0\">2.3<span class=\"_ _d2\"> </span>1.5</span></span><span style=\"display:inherit;clear:left;\">Other items<span class=\"_ _283\"> </span><span class=\"ws0\">13.6<span class=\"_ _1cf\"> </span>9.8</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _288\"> </span>134.6<span class=\"_ _232\"> </span>122.0</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInventoriesExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-303-2": {
   "value": "<span style=\"display:inherit;clear:left;\">1.3.5 Other liabilities</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Jet fuel and traffic charges<span class=\"_ _29d\"> </span><span class=\"ws0\">50.4<span class=\"_ _10c\"> </span>50.9</span></span><span style=\"display:inherit;clear:left;\">Passenger and handling services<span class=\"_ _29e\"> </span><span class=\"ws0\">38.1<span class=\"_ _42\"> </span>34.8</span></span><span style=\"display:inherit;clear:left;\">Aircraft materials and overhaul<span class=\"_ _210\"> </span><span class=\"ws0\">22.2<span class=\"_ _102\"> </span>14.0</span></span><span style=\"display:inherit;clear:left;\">Sales, marketing and distribution cost accruals<span class=\"_ _200\"> </span><span class=\"ws0\">17.1<span class=\"_ _41\"> </span>13.8</span></span><span style=\"display:inherit;clear:left;\">Interest and other financial items<span class=\"_ _29f\"> </span><span class=\"ws0\">8.2<span class=\"_ _295\"> </span>9.0</span></span><span style=\"display:inherit;clear:left;\">Other items<span class=\"_ _1d9\"> </span><span class=\"ws0\">31.2<span class=\"_ _41\"> </span>21.9</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _2a0\"> </span>167.1<span class=\"_ _f7\"> </span>144.4</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-303-3": {
   "value": "<span style=\"display:inherit;clear:left;\">1.3.5 Other liabilities</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Jet fuel and traffic charges<span class=\"_ _29d\"> </span><span class=\"ws0\">50.4<span class=\"_ _10c\"> </span>50.9</span></span><span style=\"display:inherit;clear:left;\">Passenger and handling services<span class=\"_ _29e\"> </span><span class=\"ws0\">38.1<span class=\"_ _42\"> </span>34.8</span></span><span style=\"display:inherit;clear:left;\">Aircraft materials and overhaul<span class=\"_ _210\"> </span><span class=\"ws0\">22.2<span class=\"_ _102\"> </span>14.0</span></span><span style=\"display:inherit;clear:left;\">Sales, marketing and distribution cost accruals<span class=\"_ _200\"> </span><span class=\"ws0\">17.1<span class=\"_ _41\"> </span>13.8</span></span><span style=\"display:inherit;clear:left;\">Interest and other financial items<span class=\"_ _29f\"> </span><span class=\"ws0\">8.2<span class=\"_ _295\"> </span>9.0</span></span><span style=\"display:inherit;clear:left;\">Other items<span class=\"_ _1d9\"> </span><span class=\"ws0\">31.2<span class=\"_ _41\"> </span>21.9</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _2a0\"> </span>167.1<span class=\"_ _f7\"> </span>144.4</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherCurrentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-311-2": {
   "value": "<span style=\"display:inherit;clear:left;\">1.3.6 Provisions</span><span style=\"display:inherit;clear:left;\">  Provisions</span><span style=\"display:inherit;clear:left;\">Provisions are recognised when the Group has a present legal or constructive obligation as the result of a past event, </span><span style=\"display:inherit;clear:left;\">the fulfilment of the payment obligation is probable, and a reliable estimate of the amount of the obligation can be </span><span style=\"display:inherit;clear:left;\">made. The amount to be recognised as provision corresponds to the management\u2019s best estimate of the expenses </span><span style=\"display:inherit;clear:left;\">that will be necessary to meet the obligation at the end of the reporting period.</span><span style=\"display:inherit;clear:left;\">In most cases, the Group is obliged to return leased aircraft and their engines according to the redelivery condition </span><span style=\"display:inherit;clear:left;\">set in the lease agreement. If at the time of redelivery, the condition of the aircraft and its engines differs from the </span><span style=\"display:inherit;clear:left;\">agreed redelivery condition, Finnair needs to either maintain the aircraft so that it meets the agreed redelivery </span><span style=\"display:inherit;clear:left;\">condition or settle the difference in cash to the lessor. To fulfil these maintenance obligations, the Group has </span><span style=\"display:inherit;clear:left;\">recognised airframe heavy maintenance, engine performance maintenance, engine life limited part, landing gear, </span><span style=\"display:inherit;clear:left;\">auxiliary power unit and other material maintenance provisions. The provision is defined as a difference between </span><span style=\"display:inherit;clear:left;\">the current condition and redelivery condition of these maintenance components. The provision is accrued based </span><span style=\"display:inherit;clear:left;\">on flight hours flown until the next maintenance event or the redelivery and recognised in the aircraft overhaul costs </span><span style=\"display:inherit;clear:left;\">in the income statement. The provision is reversed at the maintenance event or redelivery. The price of the flight hour </span><span style=\"display:inherit;clear:left;\">depends on the market price development of the maintenance costs. Estimated future cash flows are discounted to </span><span style=\"display:inherit;clear:left;\">the present value. The maintenance market prices are mainly denominated in US dollars, which is why the amount of </span><span style=\"display:inherit;clear:left;\">maintenance provision changes due to currency fluctuation of the dollar.</span><span style=\"display:inherit;clear:left;\">The final check and painting required at redelivery are considered unavoidable maintenance costs that realise </span><span style=\"display:inherit;clear:left;\">when the aircraft is redelivered to the lessor, irrespective of the time or flight hours. The counterpart of the provision is </span><span style=\"display:inherit;clear:left;\">recorded in the book value of the right-of-use asset at the commencement of the lease. Respectively, costs depending </span><span style=\"display:inherit;clear:left;\">on the usage of the aircraft are not considered as part of the right-of-use asset cost, but these are recognised </span><span style=\"display:inherit;clear:left;\">according to the principles presented above.</span><span style=\"display:inherit;clear:left;\">Restructuring provisions are recognised when the Group has prepared a detailed restructuring plan and has begun </span><span style=\"display:inherit;clear:left;\">to implement the plan or has announced it.  </span><span style=\"display:inherit;clear:left;\">  Maintenance reserves of the fleet</span><span style=\"display:inherit;clear:left;\">The measurement of aircraft maintenance provisions requires management judgement especially related to the </span><span style=\"display:inherit;clear:left;\">timing of maintenance events and the valuation of maintenance costs occurring in the future. The future maintenance </span><span style=\"display:inherit;clear:left;\">costs and their timing are dependent on, for example, how future traffic plans actually realise, the market price </span><span style=\"display:inherit;clear:left;\">development of maintenance costs and the actual condition of the aircraft at the time of the maintenance event.  </span><span style=\"display:inherit;clear:left;\">Non-current aircraft maintenance provisions are expected to be used by 2035. Maintenance provisions of 90.8 </span><span style=\"display:inherit;clear:left;\">million euros were reclassified against the acquisition cost of purchased, formerly leased aircraft.</span><span style=\"display:inherit;clear:left;\">In balance sheet, the non-current provisions and other liabilities 125.9 million euro (186.4) includes, in addition </span><span style=\"display:inherit;clear:left;\">to provisions, other non-current liabilities 6.9 million euro (6.3), which mainly consist of received lease deposits.</span><span style=\"display:inherit;clear:left;\">Aircraft </span><span style=\"display:inherit;clear:left;\">Aircraft </span><span style=\"display:inherit;clear:left;\">maintenance </span><span style=\"display:inherit;clear:left;\">Other </span><span style=\"display:inherit;clear:left;\">maintenance </span><span style=\"display:inherit;clear:left;\">Other </span><span style=\"display:inherit;clear:left;\">EUR mill.</span><span style=\"display:inherit;clear:left;\">provision</span><span style=\"display:inherit;clear:left;\">provisions<span class=\"_ _12f\"> </span>2023</span><span style=\"display:inherit;clear:left;\">provision</span><span style=\"display:inherit;clear:left;\">provisions<span class=\"_ _12f\"> </span>2022</span><span style=\"display:inherit;clear:left;\">Provision at the </span><span style=\"display:inherit;clear:left;\">beginning of period<span class=\"_ _29\"> </span><span class=\"ws0\">246.7<span class=\"_ _149\"> </span>5.0<span class=\"_ _124\"> </span>251.7<span class=\"_ _42\"> </span>195.9<span class=\"_ _39\"> </span>3.8<span class=\"_ _fb\"> </span>199.8</span></span><span style=\"display:inherit;clear:left;\">Provision for the period<span class=\"_ _40\"> </span><span class=\"ws0\">49.1<span class=\"_ _10d\"> </span>1.2<span class=\"_ _189\"> </span>50.3<span class=\"_ _107\"> </span>56.1<span class=\"_ _5a\"> </span>4.8<span class=\"_ _b6\"> </span>60.9</span></span><span style=\"display:inherit;clear:left;\">Provision used<span class=\"_ _2a1\"> </span><span class=\"ws0\">-58.9<span class=\"_ _59\"> </span>-2.8<span class=\"_ _b6\"> </span>-61.7<span class=\"_ _10b\"> </span>-16.6<span class=\"_ _59\"> </span>-2.6<span class=\"_ _c4\"> </span>-19.2</span></span><span style=\"display:inherit;clear:left;\">Provision reversed<span class=\"_ _9e\"> </span><span class=\"ws0\">-2.3<span class=\"_ _b5\"> </span>-0.6<span class=\"_ _58\"> </span>-2.9<span class=\"_ _ed\"> </span>-3.1<span class=\"_ _c1\"> </span>-1.0<span class=\"_ _59\"> </span>-4.2</span></span><span style=\"display:inherit;clear:left;\">Provision for right-of-use </span><span style=\"display:inherit;clear:left;\">assets redelivery<span class=\"_ _123\"> </span><span class=\"ws0\">-0.3<span class=\"_ _107\"> </span>-<span class=\"_ _22a\"> </span>-0.3<span class=\"_ _5e\"> </span>-0.9<span class=\"_ _107\"> </span>-<span class=\"_ _b5\"> </span>-0.9</span></span><span style=\"display:inherit;clear:left;\">Reclassifications<span class=\"_ _1e7\"> </span>-90.8<span class=\"_ _107\"> </span>-<span class=\"_ _77\"> </span>-90.8<span class=\"_ _43\"> </span>-<span class=\"_ _107\"> </span>-<span class=\"_ _107\"> </span>-</span><span style=\"display:inherit;clear:left;\">Unwinding of discount<span class=\"_ _31\"> </span><span class=\"ws0\">7.8<span class=\"_ _107\"> </span>-<span class=\"_ _bf\"> </span>7.8<span class=\"_ _4c\"> </span>6.4<span class=\"_ _107\"> </span>-<span class=\"_ _5a\"> </span>6.4</span></span><span style=\"display:inherit;clear:left;\">Exchange rate </span><span style=\"display:inherit;clear:left;\">differences<span class=\"_ _2a2\"> </span>-7.1<span class=\"_ _107\"> </span>-<span class=\"_ _46\"> </span>-7.1<span class=\"_ _4c\"> </span>8.8<span class=\"_ _107\"> </span>-<span class=\"_ _5a\"> </span>8.8</span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _10e\"> </span>144.2<span class=\"_ _46\"> </span>2.9<span class=\"_ _21a\"> </span>147.1<span class=\"_ _10a\"> </span>246.7<span class=\"_ _e9\"> </span>5.0<span class=\"_ _77\"> </span>251.7</span><span style=\"display:inherit;clear:left;\">Of which non-current<span class=\"_ _8c\"> </span><span class=\"ws0\">118.3<span class=\"_ _46\"> </span>0.8<span class=\"_ _124\"> </span>119.0<span class=\"_ _41\"> </span>178.7<span class=\"_ _fd\"> </span>1.4<span class=\"_ _11a\"> </span>180.1</span></span><span style=\"display:inherit;clear:left;\">Of which current<span class=\"_ _1ed\"> </span><span class=\"ws0\">25.9<span class=\"_ _10d\"> </span>2.1<span class=\"_ _58\"> </span>28.1<span class=\"_ _d4\"> </span>68.0<span class=\"_ _39\"> </span>3.6<span class=\"_ _232\"> </span>71.7</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _10e\"> </span>144.2<span class=\"_ _46\"> </span>2.9<span class=\"_ _21a\"> </span>147.1<span class=\"_ _10a\"> </span>246.7<span class=\"_ _e9\"> </span>5.0<span class=\"_ _77\"> </span>251.7</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfProvisionsExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-312-3": {
   "value": "<span style=\"display:inherit;clear:left;\">  Provisions</span><span style=\"display:inherit;clear:left;\">Provisions are recognised when the Group has a present legal or constructive obligation as the result of a past event, </span><span style=\"display:inherit;clear:left;\">the fulfilment of the payment obligation is probable, and a reliable estimate of the amount of the obligation can be </span><span style=\"display:inherit;clear:left;\">made. The amount to be recognised as provision corresponds to the management\u2019s best estimate of the expenses </span><span style=\"display:inherit;clear:left;\">that will be necessary to meet the obligation at the end of the reporting period.</span><span style=\"display:inherit;clear:left;\">In most cases, the Group is obliged to return leased aircraft and their engines according to the redelivery condition </span><span style=\"display:inherit;clear:left;\">set in the lease agreement. If at the time of redelivery, the condition of the aircraft and its engines differs from the </span><span style=\"display:inherit;clear:left;\">agreed redelivery condition, Finnair needs to either maintain the aircraft so that it meets the agreed redelivery </span><span style=\"display:inherit;clear:left;\">condition or settle the difference in cash to the lessor. To fulfil these maintenance obligations, the Group has </span><span style=\"display:inherit;clear:left;\">recognised airframe heavy maintenance, engine performance maintenance, engine life limited part, landing gear, </span><span style=\"display:inherit;clear:left;\">auxiliary power unit and other material maintenance provisions. The provision is defined as a difference between </span><span style=\"display:inherit;clear:left;\">the current condition and redelivery condition of these maintenance components. The provision is accrued based </span><span style=\"display:inherit;clear:left;\">on flight hours flown until the next maintenance event or the redelivery and recognised in the aircraft overhaul costs </span><span style=\"display:inherit;clear:left;\">in the income statement. The provision is reversed at the maintenance event or redelivery. The price of the flight hour </span><span style=\"display:inherit;clear:left;\">depends on the market price development of the maintenance costs. Estimated future cash flows are discounted to </span><span style=\"display:inherit;clear:left;\">the present value. The maintenance market prices are mainly denominated in US dollars, which is why the amount of </span><span style=\"display:inherit;clear:left;\">maintenance provision changes due to currency fluctuation of the dollar.</span><span style=\"display:inherit;clear:left;\">The final check and painting required at redelivery are considered unavoidable maintenance costs that realise </span><span style=\"display:inherit;clear:left;\">when the aircraft is redelivered to the lessor, irrespective of the time or flight hours. The counterpart of the provision is </span><span style=\"display:inherit;clear:left;\">recorded in the book value of the right-of-use asset at the commencement of the lease. Respectively, costs depending </span><span style=\"display:inherit;clear:left;\">on the usage of the aircraft are not considered as part of the right-of-use asset cost, but these are recognised </span><span style=\"display:inherit;clear:left;\">according to the principles presented above.</span><span style=\"display:inherit;clear:left;\">Restructuring provisions are recognised when the Group has prepared a detailed restructuring plan and has begun </span><span style=\"display:inherit;clear:left;\">to implement the plan or has announced it.  </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-343-3": {
   "value": "<span style=\"display:inherit;clear:left;\">In balance sheet, the non-current provisions and other liabilities 125.9 million euro (186.4) includes, in addition </span><span style=\"display:inherit;clear:left;\">to provisions, other non-current liabilities 6.9 million euro (6.3), which mainly consist of received lease deposits.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherNoncurrentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-362-2": {
   "value": "<span style=\"display:inherit;clear:left;\">1.3.8 Employee benefits</span><span style=\"display:inherit;clear:left;\">1.3.8.1 Employee benefit expenses and share-based payments</span><span style=\"display:inherit;clear:left;\">  Share-based payments</span><span style=\"display:inherit;clear:left;\">Finnair provides several share-based compensation plans for its employees, under which the Group receives </span><span style=\"display:inherit;clear:left;\">services from employees as consideration for share-based payments. Regarding share-based incentive plans for </span><span style=\"display:inherit;clear:left;\">key personnel, the awards are paid only if performance criteria set by the Board of Directors is met. Share-based </span><span style=\"display:inherit;clear:left;\">savings plan for employees (FlyShare) requires the employees to remain in Finnair\u2019s service for the defined period, but </span><span style=\"display:inherit;clear:left;\">payment does not depend on any performance criteria.</span><span style=\"display:inherit;clear:left;\">The total expense for share-based payments is recognised over the vesting period, which is the period over which </span><span style=\"display:inherit;clear:left;\">all of the specified vesting conditions, such as the fulfilment of goals and a valid employment relationship, are to </span><span style=\"display:inherit;clear:left;\">be satisfied. Share-based payments that are settled net of taxes are considered in their entirety as equity-settled </span><span style=\"display:inherit;clear:left;\">share-based payment transactions. The reward is valued based on the market price of the Finnair share as of the </span><span style=\"display:inherit;clear:left;\">grant date, and recognised as an employee benefit expense over the vesting period with corresponding entry in the </span><span style=\"display:inherit;clear:left;\">equity. Income tax paid to tax authorities on behalf of employee is measured based on the market price of the  <span class=\"_ _0\"></span>Finnair </span><span style=\"display:inherit;clear:left;\">share at the delivery date and recognised as a decrease in equity. If the reward includes the portion settled in cash, </span><span style=\"display:inherit;clear:left;\">it is accounted for as a cash-settled transaction. The liability resulting from the cash-settled transactions is measured </span><span style=\"display:inherit;clear:left;\">based on the market price of the Finnair share at the balance sheet date and accrued as an employee benefit </span><span style=\"display:inherit;clear:left;\">expense for service period with corresponding entry in the liabilities until the settlement date.</span><span style=\"display:inherit;clear:left;\">Termination benefits</span><span style=\"display:inherit;clear:left;\">Termination benefits are payable when employment is terminated by the Group before the normal retirement date, </span><span style=\"display:inherit;clear:left;\">or whenever an employee accepts voluntary redundancy in exchange for these benefits. The Group recognises </span><span style=\"display:inherit;clear:left;\">termination benefits when it is demonstrably committed to a termination. Group is demonstrably committed when </span><span style=\"display:inherit;clear:left;\">it has a detailed formal plan to terminate the employment of current employees without possibility of withdrawal. In </span><span style=\"display:inherit;clear:left;\">the case of an offer made to encourage voluntary redundancy, the termination benefits are measured based on the </span><span style=\"display:inherit;clear:left;\">number of employees expected to accept the offer.</span><span style=\"display:inherit;clear:left;\">Accounting principles related to pension benefits are described in the note 1.3.8.2 Pensions.  </span><span style=\"display:inherit;clear:left;\">Staff and other crew related costs</span><span style=\"display:inherit;clear:left;\">At Finnair, the total salary of personnel consists of fixed pay, allowances, short- and long-term incentives, fringe </span><span style=\"display:inherit;clear:left;\">benefits and other personnel benefits.</span><span style=\"display:inherit;clear:left;\">In the long-term Rebuild incentive plan for 1 July 2020 \u2013 30 June 2023, employee could earn a cash reward </span><span style=\"display:inherit;clear:left;\">equaling to 1\u20132 month base salary, when the targets set by the Board of Directors are met or exceeded. The </span><span style=\"display:inherit;clear:left;\">performance criteria were the same as those of the Rebuild incentive plan established for the Executive </span><span style=\"display:inherit;clear:left;\">Board, which is described in the section Share-based payments of this note. The program is available to those </span><span style=\"display:inherit;clear:left;\">employee groups which have agreed to actions related to staff cost savings.</span><span style=\"display:inherit;clear:left;\">A new long-term incentive plan (Staff Incentive Plan) for 2023\u20132025 was commenced for the personnel, </span><span style=\"display:inherit;clear:left;\">which was prepared as part of the cost-saving program in 2022. The incentive plan returns half of the one year\u2019s </span><span style=\"display:inherit;clear:left;\">permanent savings made by the personnel group, if the goal of the incentive plan set by Finnair\u2019s board of </span><span style=\"display:inherit;clear:left;\">Directors is met.</span><span style=\"display:inherit;clear:left;\">The total amount of the short-term and above-mentioned long-term incentives excluding social security costs</span><span style=\"display:inherit;clear:left;\">recognised for 2023 were 19.1 million euro (10.0). Staff and other crew related costs include one-off personnel </span><span style=\"display:inherit;clear:left;\">related restructuring costs of 2.5 million euro in the comparison period, during the reporting period these costs </span><span style=\"display:inherit;clear:left;\">did not exist.</span><span style=\"display:inherit;clear:left;\">Profit-sharing Plan (Personnel fund)</span><span style=\"display:inherit;clear:left;\">Finnair has a profit-sharing plan in which a share of Finnair\u2019s profits is allocated to the personnel. The share of </span><span style=\"display:inherit;clear:left;\">profit is determined on the basis of targets set by the Board of Directors. All Finnair employees are eligible for </span><span style=\"display:inherit;clear:left;\">the profit-sharing plan, excluding the CEO, other members of the Executive Board and the participants of the </span><span style=\"display:inherit;clear:left;\">performance share plan. The targets for the profit-sharing plan in years 2021\u20132023 were not set.</span><span style=\"display:inherit;clear:left;\">Liabilities related to employee benefits</span><span style=\"display:inherit;clear:left;\">Other employee related accrued expenses mainly include withholding tax and accrued expenses related to </span><span style=\"display:inherit;clear:left;\">social security costs and remunerations. Other non-current liabilities include the long-term Staff incentive plan of </span><span style=\"display:inherit;clear:left;\">1.5 million euro, there were no long-term liabilities in the comparison period. In addition, restructuring provisions </span><span style=\"display:inherit;clear:left;\">related to termination benefits (see note 1.3.6 Provisions) amounted to 0.2 million euro (2.3).</span><span style=\"display:inherit;clear:left;\">Management remuneration</span><span style=\"display:inherit;clear:left;\">The President and CEO and Executive Board remuneration</span><span style=\"display:inherit;clear:left;\">* Statutory pensions include Finnair\u2019s share of the payment to Finnish statutory \u201cTyel\u201d pension plan.</span><span style=\"display:inherit;clear:left;\">Management remuneration is presented on an accrual basis. Share-based payments include long-term </span><span style=\"display:inherit;clear:left;\">incentive plans and employee share savings plans and are recognised over the vesting period until the end </span><span style=\"display:inherit;clear:left;\">of the lock-up period, according to IFRS 2. Therefore the costs accrued and recognised for the financial year </span><span style=\"display:inherit;clear:left;\">include effects from several share-based payment plans independent of when the shares are delivered. </span><span style=\"display:inherit;clear:left;\">Management has not been provided any other long-term incentives in addition to share-based payments.</span><span style=\"display:inherit;clear:left;\">In conjunction with the rights offering in 2020, the EU commission set restrictions to CEO and Executive </span><span style=\"display:inherit;clear:left;\">Board remuneration covering years 2020-2022. The restrictions cover variable compensation payouts and </span><span style=\"display:inherit;clear:left;\">any changes to fixed compensation during the years 2020-2022. As a result, the Board of Directors decided </span><span style=\"display:inherit;clear:left;\">to cancel the 2018-2020, 2019-2021 and 2020-2022 LTI plans as well as the 2020-2022 STI plan for the CEO and </span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Wages and salaries<span class=\"_ _249\"> </span><span class=\"ws0\">348.6<span class=\"_ _eb\"> </span>297.3</span></span><span style=\"display:inherit;clear:left;\">Defined contribution schemes<span class=\"_ _2a9\"> </span><span class=\"ws0\">61.7<span class=\"_ _42\"> </span>55.4</span></span><span style=\"display:inherit;clear:left;\">Defined benefit schemes<span class=\"_ _2aa\"> </span><span class=\"ws0\">8.3<span class=\"_ _3a\"> </span>11.4</span></span><span style=\"display:inherit;clear:left;\">Pension expenses total<span class=\"_ _2ab\"> </span><span class=\"ws0\">70.0<span class=\"_ _10c\"> </span>66.8</span></span><span style=\"display:inherit;clear:left;\">Other social expenses<span class=\"_ _2ac\"> </span><span class=\"ws0\">16.3<span class=\"_ _41\"> </span>31.6</span></span><span style=\"display:inherit;clear:left;\">Salaries, pension and social costs<span class=\"_ _126\"> </span><span class=\"ws0\">435.0<span class=\"_ _57\"> </span>395.7</span></span><span style=\"display:inherit;clear:left;\">Operative staff related costs<span class=\"_ _216\"> </span><span class=\"ws0\">30.5<span class=\"_ _47\"> </span>27.6</span></span><span style=\"display:inherit;clear:left;\">Leased and outsourced crew<span class=\"_ _2ad\"> </span><span class=\"ws0\">26.0<span class=\"_ _102\"> </span>19.0</span></span><span style=\"display:inherit;clear:left;\">Other personnel related costs<span class=\"_ _24b\"> </span><span class=\"ws0\">6.5<span class=\"_ _2ae\"> </span>7.3</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _27b\"> </span>498.1<span class=\"_ _b5\"> </span>449.6</span><span style=\"display:inherit;clear:left;\">President </span><span style=\"display:inherit;clear:left;\">President </span><span style=\"display:inherit;clear:left;\">and CEO </span><span style=\"display:inherit;clear:left;\">Executive </span><span style=\"display:inherit;clear:left;\">and CEO </span><span style=\"display:inherit;clear:left;\">Executive </span><span style=\"display:inherit;clear:left;\">Topi Manner</span><span style=\"display:inherit;clear:left;\">Board<span class=\"_ _1f0\"> </span><span class=\"wse5\">Total 2022</span></span><span style=\"display:inherit;clear:left;\">Thousand euros</span><span style=\"display:inherit;clear:left;\">Topi Manner</span><span style=\"display:inherit;clear:left;\">Board<span class=\"_ _1f0\"> </span><span class=\"wse5\">Total 2023</span></span><span style=\"display:inherit;clear:left;\">Fixed pay<span class=\"_ _2b2\"> </span><span class=\"ws0\">771<span class=\"_ _129\"> </span>2,050<span class=\"_ _104\"> </span>2,820<span class=\"_ _3b\"> </span>734<span class=\"_ _e8\"> </span>1,712<span class=\"_ _87\"> </span>2,446</span></span><span style=\"display:inherit;clear:left;\">Short-term incentives<span class=\"_ _1dc\"> </span><span class=\"ws0\">372<span class=\"_ _124\"> </span>1,057<span class=\"_ _124\"> </span>1,428<span class=\"_ _22\"> </span>-<span class=\"_ _50\"> </span>-<span class=\"_ _f3\"> </span>-</span></span><span style=\"display:inherit;clear:left;\">Fringe benefits<span class=\"_ _142\"> </span><span class=\"ws0\">19<span class=\"_ _10c\"> </span>92<span class=\"_ _10c\"> </span>111<span class=\"_ _d2\"> </span>20<span class=\"_ _e9\"> </span>105<span class=\"_ _149\"> </span>125</span></span><span style=\"display:inherit;clear:left;\">Share-based payments<span class=\"_ _152\"> </span><span class=\"ws0\">756<span class=\"_ _189\"> </span>1,651<span class=\"_ _87\"> </span>2,407<span class=\"_ _3b\"> </span>287<span class=\"_ _f1\"> </span>789<span class=\"_ _21a\"> </span>1,076</span></span><span style=\"display:inherit;clear:left;\">Pensions (statutory)*<span class=\"_ _a8\"> </span><span class=\"ws0\">189<span class=\"_ _eb\"> </span>519<span class=\"_ _f7\"> </span>708<span class=\"_ _297\"> </span>124<span class=\"_ _f7\"> </span>298<span class=\"_ _46\"> </span>421</span></span><span style=\"display:inherit;clear:left;\">Pensions (voluntary, </span><span style=\"display:inherit;clear:left;\">defined contribution)<span class=\"_ _a2\"> </span><span class=\"ws0\">-<span class=\"_ _3c\"> </span>32<span class=\"_ _3c\"> </span>32<span class=\"_ _22\"> </span>-<span class=\"_ _10d\"> </span>20<span class=\"_ _10d\"> </span>20</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _251\"> </span>2,106<span class=\"_ _6e\"> </span>5,401<span class=\"_ _6e\"> </span>7,507<span class=\"_ _bf\"> </span>1,165<span class=\"_ _129\"> </span>2,923<span class=\"_ _6f\"> </span>4,088</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Holiday payments<span class=\"_ _2af\"> </span><span class=\"ws0\">72.4<span class=\"_ _10c\"> </span>66.8</span></span><span style=\"display:inherit;clear:left;\">Other employee related accrued expenses<span class=\"_ _2b0\"> </span><span class=\"ws0\">44.1<span class=\"_ _10c\"> </span>44.4</span></span><span style=\"display:inherit;clear:left;\">Liabilities related to employee benefits<span class=\"_ _2b1\"> </span><span class=\"ws0\">116.5<span class=\"_ _e1\"> </span>111.2</span></span><span style=\"display:inherit;clear:left;\">Executive Board. A new share-based long-term Rebuild incentive program was established for the CEO and </span><span style=\"display:inherit;clear:left;\">Executive Board for the period 7/2020-6/2023.</span><span style=\"display:inherit;clear:left;\">The voluntary pension plans of one member of the Executive Board have been arranged through a Finnish </span><span style=\"display:inherit;clear:left;\">pension insurance company. The retirement age for this member of the Executive Board is 63 years. The plan is </span><span style=\"display:inherit;clear:left;\">a defined contribution plan.</span><span style=\"display:inherit;clear:left;\">More information on share-based payment schemes can be found later in this note and in a separate </span><span style=\"display:inherit;clear:left;\">Remuneration report as well as on company website.</span><span style=\"display:inherit;clear:left;\">Remuneration paid to Board of Directors</span><span style=\"display:inherit;clear:left;\">The remuneration of the Board of Directors is presented on an accrual basis. The compensation paid to the </span><span style=\"display:inherit;clear:left;\">members of the Board of Directors include annual remuneration and meeting compensation. The members of </span><span style=\"display:inherit;clear:left;\">the Board of Directors are entitled to a compensation for travel expenses in accordance with Finnair\u2019s general </span><span style=\"display:inherit;clear:left;\">travel rules. In addition, the members of the Board of Directors and their spouses have a limited right to use staff </span><span style=\"display:inherit;clear:left;\">tickets in accordance with Finnair\u2019s staff ticket rules. These tickets constitute taxable income in Finland and are </span><span style=\"display:inherit;clear:left;\">reported as fringe benefits in the table above.</span><span style=\"display:inherit;clear:left;\">Share-based payments</span><span style=\"display:inherit;clear:left;\">This note provides description and information on effects of the Group\u2019s share-based incentive schemes. More </span><span style=\"display:inherit;clear:left;\">information on share-based personnel bonus schemes can be found in Remuneration report.</span><span style=\"display:inherit;clear:left;\">Performance share plan (LTI)</span><span style=\"display:inherit;clear:left;\">Finnair\u2019s share-based incentive plan is a performance-based, annually commencing long-term incentive (LTI) </span><span style=\"display:inherit;clear:left;\">arrangement, and the commencement of each new plan is subject to a separate decision made by Finnair\u2019s </span><span style=\"display:inherit;clear:left;\">Board of Directors. The purpose of these plans is to encourage the management to work to increase long-term </span><span style=\"display:inherit;clear:left;\">shareholder value. The Finnish Government\u2019s guidance regarding the remuneration of executive management </span><span style=\"display:inherit;clear:left;\">and key individuals have been taken into consideration when designing the plans.</span><span style=\"display:inherit;clear:left;\">All ongoing LTI plans include three years earning period. The potential reward will be delivered in Finnair </span><span style=\"display:inherit;clear:left;\">shares. The shares are delivered to the participants during the year following the performance period, except </span><span style=\"display:inherit;clear:left;\">for the Rebuild incentive where the performance period ended in June 2023 and the share of year 2023 reward </span><span style=\"display:inherit;clear:left;\">was delivered at the end of the same year.</span><span style=\"display:inherit;clear:left;\">The members of Finnair\u2019s Executive Board are expected to accumulate their share ownership in Finnair until </span><span style=\"display:inherit;clear:left;\">it corresponds to their annual gross base salary and thereafter retain it for as long as they are members of the </span><span style=\"display:inherit;clear:left;\">Executive Board.</span><span style=\"display:inherit;clear:left;\">The target levels and maximum levels set for the criteria are based on the long-term strategic objectives set </span><span style=\"display:inherit;clear:left;\">by the company\u2019s Board of Directors. Criteria are monitored against the performance on a quarterly basis. The </span><span style=\"display:inherit;clear:left;\">performance criteria of the plan for 2020\u20132022 were not reached. In the comparison period, the performance </span><span style=\"display:inherit;clear:left;\">criteria applied to the 2019\u20132021 plan was met at 54% level while the target was at 100% and the maximum </span><span style=\"display:inherit;clear:left;\">earning level at 200%.</span><span style=\"display:inherit;clear:left;\">The expense recognised for 2023 amounted to 3.8 million euros (0.9). The amount expected to be transferred </span><span style=\"display:inherit;clear:left;\">to the tax authority to settle the employee\u2019s tax obligation is 3.4 million euros (3.0). The cost related to share-</span><span style=\"display:inherit;clear:left;\">based payments is recognised in staff and other crew related costs and unrestricted equity funds, except the </span><span style=\"display:inherit;clear:left;\">cash-settled portion of the Rebuild incentive plan in liabilities related to employee benefits.</span><span style=\"display:inherit;clear:left;\">Rebuild incentive plan 7/2020-6/2023</span><span style=\"display:inherit;clear:left;\">In 2020, a new share-based Rebuild incentive plan for CEO and Executive Board was launched. The program </span><span style=\"display:inherit;clear:left;\">contains a three-year performance period (7/2020\u20136/2023) and it is designed to contain only this one plan. The </span><span style=\"display:inherit;clear:left;\">potential share rewards will be delivered to the participants in a pre-determined proportion of shares and cash </span><span style=\"display:inherit;clear:left;\">after the end of the performance period and the rewards are at the participants\u2019 free disposal after delivery.</span><span style=\"display:inherit;clear:left;\">If the combined value of incentive rewards in 2023 exceeds 120% of executive\u2019s annual salary, the exceeding </span><span style=\"display:inherit;clear:left;\">part is deferred to coming years so that the combined incentive payout in any year does not exceed 120% of </span><span style=\"display:inherit;clear:left;\">the annual base salary. The total expense for the plan is recognised over the vesting period between the grant </span><span style=\"display:inherit;clear:left;\">date and each tranche of share deliveries. The grant date is at the beginning of performance period and the </span><span style=\"display:inherit;clear:left;\">compensation is measured in shares.</span><span style=\"display:inherit;clear:left;\">The payout opportunity of the Rebuild plan was defined in the beginning of each plan in relation to the </span><span style=\"display:inherit;clear:left;\">participants annual base salary. If the performance criteria set for the plan would have been met at the </span><span style=\"display:inherit;clear:left;\">target level, the incentive paid in Finnair shares to the President and CEO or other member of the Executive </span><span style=\"display:inherit;clear:left;\">Board participating in the plans would have been a total of 180% of the participant\u2019s annual base salary. If the </span><span style=\"display:inherit;clear:left;\">performance criteria set for the plan would have been at the maximum level, the incentive paid in Finnair shares </span><span style=\"display:inherit;clear:left;\">will be a total of 360% of the participant\u2019s annual base salary. The performance criteria of the plan were met at </span><span style=\"display:inherit;clear:left;\">69.5% of the maximum level.</span><span style=\"display:inherit;clear:left;\">The amount corresponding to tax payable at the time of payment was first deducted from the gross reward </span><span style=\"display:inherit;clear:left;\">defined as shares. The net reward was delivered in a combination of cash and shares in a proportion decided </span><span style=\"display:inherit;clear:left;\">by the Board of Directors. As a result of the rights issue in 2023 prior to the share delivery, the share allocation for </span><span style=\"display:inherit;clear:left;\">Compensation paid </span><span style=\"display:inherit;clear:left;\">Fixed </span><span style=\"display:inherit;clear:left;\">Meeting </span><span style=\"display:inherit;clear:left;\">Fringe <span class=\"_ _8\"></span> </span><span style=\"display:inherit;clear:left;\">for board service, EUR<span class=\"_ _2b3\"> </span>Total 2023</span><span style=\"display:inherit;clear:left;\">remuneration</span><span style=\"display:inherit;clear:left;\">compensation</span><span style=\"display:inherit;clear:left;\">benefits <span class=\"_ _270\"> </span><span class=\"wse5\">Total 2022</span></span><span style=\"display:inherit;clear:left;\">Board of Directors<span class=\"_ _259\"> </span><span class=\"ws0\">445,830<span class=\"_ _58\"> </span>282,300<span class=\"_ _232\"> </span>156,600<span class=\"_ _39\"> </span>6,930<span class=\"_ _fa\"> </span>416,222</span></span><span style=\"display:inherit;clear:left;\">Alahuhta-Kasko Tiina<span class=\"_ _25b\"> </span><span class=\"ws0\">45,300<span class=\"_ _3c\"> </span>30,300<span class=\"_ _30\"> </span>15,000<span class=\"_ _43\"> </span>-</span></span><span style=\"display:inherit;clear:left;\">Brewer Montie<span class=\"_ _262\"> </span><span class=\"ws0\">56,834<span class=\"_ _102\"> </span>32,700<span class=\"_ _42\"> </span>22,800<span class=\"_ _282\"> </span>1,334</span></span><span style=\"display:inherit;clear:left;\">Erlund Jukka<span class=\"_ _194\"> </span><span class=\"ws0\">47,100<span class=\"_ _102\"> </span>32,700<span class=\"_ _30\"> </span>12,000<span class=\"_ _fc\"> </span>2,400</span></span><span style=\"display:inherit;clear:left;\">Jakosuo-Jansson Hannele<span class=\"_ _59\"> </span><span class=\"ws0\">50,896<span class=\"_ _102\"> </span>32,700<span class=\"_ _30\"> </span>15,000<span class=\"_ _42\"> </span>3,196</span></span><span style=\"display:inherit;clear:left;\">Karvinen Jouko, until 23 </span><span style=\"display:inherit;clear:left;\">March 2023<span class=\"_ _119\"> </span><span class=\"ws0\">21,150<span class=\"_ _3a\"> </span>15,750<span class=\"_ _51\"> </span>5,400<span class=\"_ _43\"> </span>-</span></span><span style=\"display:inherit;clear:left;\">Kjellberg Henrik<span class=\"_ _2b4\"> </span><span class=\"ws0\">53,100<span class=\"_ _3c\"> </span>30,300<span class=\"_ _47\"> </span>22,800<span class=\"_ _43\"> </span>-</span></span><span style=\"display:inherit;clear:left;\">Large Simon<span class=\"_ _191\"> </span><span class=\"ws0\">53,100<span class=\"_ _3c\"> </span>30,300<span class=\"_ _47\"> </span>22,800<span class=\"_ _43\"> </span>-</span></span><span style=\"display:inherit;clear:left;\">Pajumaa Minna, from 24 </span><span style=\"display:inherit;clear:left;\">March 2023 onwards<span class=\"_ _5b\"> </span><span class=\"ws0\">34,725<span class=\"_ _3b\"> </span>22,725<span class=\"_ _30\"> </span>12,000<span class=\"_ _43\"> </span>-</span></span><span style=\"display:inherit;clear:left;\">Strandberg Maija, until 23 </span><span style=\"display:inherit;clear:left;\">March 2023<span class=\"_ _e2\"> </span><span class=\"ws0\">11,175<span class=\"_ _109\"> </span>7,575<span class=\"_ _5e\"> </span>3,600<span class=\"_ _43\"> </span>-</span></span><span style=\"display:inherit;clear:left;\">Suvanto-Harsaae Sanna, </span><span style=\"display:inherit;clear:left;\">from 24 March 2023 </span><span style=\"display:inherit;clear:left;\">onwards<span class=\"_ _2b5\"> </span>72,450<span class=\"_ _30\"> </span>47,250<span class=\"_ _47\"> </span>25,200<span class=\"_ _43\"> </span>-</span><span style=\"display:inherit;clear:left;\">the Rebuild plan was adjusted in accordance with the decision of the Board of Directors in order for the earning </span><span style=\"display:inherit;clear:left;\">opportunities to retain their value.</span><span style=\"display:inherit;clear:left;\">The performance criteria were set for the whole 3-year period as well as for three 12-month mid-term periods:</span><span style=\"display:inherit;clear:left;\">7/2020\u20136/2021: comparable EBITDA (40% weight), gearing (40% weight), lost-time injury frequency (10% </span><span style=\"display:inherit;clear:left;\">weight) and CO</span><span style=\"display:inherit;clear:left;\"> emissions measured through fuel efficiency (10% weight),</span><span style=\"display:inherit;clear:left;\">2</span><span style=\"display:inherit;clear:left;\">7/2021\u20136/2022: comparable EBIT (60% weight), revenue (20% weight), employee retention (10% weight) and </span><span style=\"display:inherit;clear:left;\">CO</span><span style=\"display:inherit;clear:left;\"> emissions measured through fuel efficiency (10% weight) as well as</span><span style=\"display:inherit;clear:left;\">2</span><span style=\"display:inherit;clear:left;\">7/2022\u20136/2023: comparable EBITDA (40% weight), net promoter score (NPS, 40% weight), lost-time injury </span><span style=\"display:inherit;clear:left;\">frequency (10% weight) and employee retention (10% weight).</span><span style=\"display:inherit;clear:left;\">The criteria for the whole 3-year period, was cash flow from operating activities which functioned as a multiplier </span><span style=\"display:inherit;clear:left;\">(0-2) for the whole program. This meaned that the threshold level needed to be reached in order for any reward to </span><span style=\"display:inherit;clear:left;\">be paid.</span><span style=\"display:inherit;clear:left;\">Other long-term incentive plans</span><span style=\"display:inherit;clear:left;\">There are two long-term incentive plans ongoing (2021\u20132023 and 2023\u20132025 with two performance periods </span><span style=\"display:inherit;clear:left;\">2023\u20132024 and 2023\u20132025). In 2022, no new long-term incentive plan was launched due to continuous business </span><span style=\"display:inherit;clear:left;\">environment changes caused by the war in Ukraine.</span><span style=\"display:inherit;clear:left;\">The annually commencing performance share plans retain the three-year performance period, the </span><span style=\"display:inherit;clear:left;\">exception is the two-year performance period of the 2023-2025 plan. The potential share rewards will be </span><span style=\"display:inherit;clear:left;\">delivered to the participants in one tranche after the performance period and they are at the participants\u2019 free </span><span style=\"display:inherit;clear:left;\">disposal after delivery.</span><span style=\"display:inherit;clear:left;\">The pay-out opportunity is defined as a fixed share amount in the beginning of each plan in relation to the </span><span style=\"display:inherit;clear:left;\">participants annual base salary. Therefore, changes in the share price during the performance period impacts </span><span style=\"display:inherit;clear:left;\">the value of the pay-out opportunity. If the performance criteria set for the plan are met at the target level, the </span><span style=\"display:inherit;clear:left;\">incentive paid in Finnair shares to the President and CEO or other member of the Executive Board participating </span><span style=\"display:inherit;clear:left;\">in the plans will be 20% of the participant\u2019s annual base salary. If the performance criteria set for the plan are </span><span style=\"display:inherit;clear:left;\">met at the maximum level, the incentive paid in Finnair shares will be 60% of the participant\u2019s annual base salary.</span><span style=\"display:inherit;clear:left;\">The maximum level for incentives for other key personnel is 20\u201350% of the person\u2019s annual base salary. As a </span><span style=\"display:inherit;clear:left;\">result of the rights issue in 2023, the share allocations for the ongoing 2021\u20132023 and 2023\u20132025 plans were </span><span style=\"display:inherit;clear:left;\">adjusted 6.32-fold in order for the earning opportunities to retain their value.</span><span style=\"display:inherit;clear:left;\">The maximum combined value of all variable compensation (including both short- and long-term incentives) </span><span style=\"display:inherit;clear:left;\">paid to an individual participant in any given calendar year may not exceed 120% of the participant\u2019s annual </span><span style=\"display:inherit;clear:left;\">gross base salary. The amounts of shares paid are stated before tax. The number of shares delivered will be </span><span style=\"display:inherit;clear:left;\">deducted by an amount corresponding to the income tax payable for the incentive at the time of payment. </span><span style=\"display:inherit;clear:left;\">In conjunction with the rights offering in 2020, according to the restrictions set by EU commission, the Board of </span><span style=\"display:inherit;clear:left;\">Directors decided to cancel the 2018\u20132020, 2019\u20132021 and 2020\u20132022 LTI plans for the CEO and Executive </span><span style=\"display:inherit;clear:left;\">Board.</span><span style=\"display:inherit;clear:left;\">The performance criteria applied to the plans are:</span><span style=\"display:inherit;clear:left;\">2020\u20132022 plan: earnings per share (EPS, 50% weight) and unit cost with constant currencies and fuel price </span><span style=\"display:inherit;clear:left;\">(CASK, 50% weight),</span><span style=\"display:inherit;clear:left;\">2021\u20132023 plan: earnings per share (EPS, 45% weight), unit cost with constant currencies and fuel price (CASK, </span><span style=\"display:inherit;clear:left;\">45% weight) and fuel efficiency (10% weight) as well as</span><span style=\"display:inherit;clear:left;\">2023\u20132025 plan: operating result.</span><span style=\"display:inherit;clear:left;\">The total expense for the plans is recognised over the vesting period, which is three years. The grant date is at </span><span style=\"display:inherit;clear:left;\">the beginning of performance period and the compensation is measured in shares.</span><span style=\"display:inherit;clear:left;\"> * Grant price in the plan 2020-2022 has been adjusted by the bonus elements included in the rights issues in 2020 and 2023, and </span><span style=\"display:inherit;clear:left;\">the other plans have been adjusted by a bonus element included in the rights issue in 2023.</span><span style=\"display:inherit;clear:left;\">** As a result of the rights issue in 2023, the share allocations for the 2020\u20132023 Rebuild, 2021\u20132023 and 2023\u20132025 plans were </span><span style=\"display:inherit;clear:left;\">adjusted based on the decision of the Board of Directors in order for the earning opportunities to retain their value. The 2020\u2013</span><span style=\"display:inherit;clear:left;\">2022 and 2021\u20132023 plans were cancelled for the CEO and Executive Board.</span><span style=\"display:inherit;clear:left;\">FlyShare employee share savings plan</span><span style=\"display:inherit;clear:left;\">The saving period of the last plan of the share savings plans offered for Finnair\u2019s employees is ongoing. In 2022, </span><span style=\"display:inherit;clear:left;\">Finnair\u2019s Board of Directors decided to terminate commencing the new FlyShare programs as a part of savings </span><span style=\"display:inherit;clear:left;\">program.</span><span style=\"display:inherit;clear:left;\">Plan consisted of one year savings period followed by two year lock-up period. Through the plan, each </span><span style=\"display:inherit;clear:left;\">eligible Finnair employee was offered the opportunity to save part of his or her salary to be invested in Finnair </span><span style=\"display:inherit;clear:left;\">shares. The maximum monthly savings were 8% and the minimum 2% of each participant\u2019s gross base salary per</span><span style=\"display:inherit;clear:left;\">month. Shares were purchased with the accumulated savings at the market price quarterly, after the release of </span><span style=\"display:inherit;clear:left;\">Finnair\u2019s interim reports.</span><span style=\"display:inherit;clear:left;\">The plan lasts for three years, and Finnair awards each participating employee with one share for each two </span><span style=\"display:inherit;clear:left;\">shares purchased and held at the end of three-year period. The awarded bonus and additional shares are </span><span style=\"display:inherit;clear:left;\">taxable income for the recipient. The number of shares delivered will be deducted by an amount corresponding</span><span style=\"display:inherit;clear:left;\">to the income tax payable for the shares at the time of payment. The cost related to additional shares delivered </span><span style=\"display:inherit;clear:left;\">is recognised as expense during vesting period.</span><span style=\"display:inherit;clear:left;\">The expense recognised for FlyShare employee share saving plans in 2023 amounted to 0.7 million euros </span><span style=\"display:inherit;clear:left;\">(0.9). The amount expected to be transferred to the tax authority to settle the employee\u2019s tax obligation is 0.3 </span><span style=\"display:inherit;clear:left;\">million euros (0.9). The cost related to employee share saving plans is recognised in staff and other crew related </span><span style=\"display:inherit;clear:left;\">costs and unrestricted equity funds.</span><span style=\"display:inherit;clear:left;\">Rebuild <span class=\"_ _8\"></span> </span><span style=\"display:inherit;clear:left;\">2020\u20132022</span><span style=\"display:inherit;clear:left;\">2020\u20132023<span class=\"_ _128\"> </span>2021\u20132023<span class=\"_ _13c\"> </span>2023\u20132025<span class=\"_ _39\"> </span>Total</span><span style=\"display:inherit;clear:left;\">Grant date<span class=\"_ _191\"> </span>7 Feb 2020<span class=\"_ _67\"> </span>9 Oct 2020<span class=\"_ _2b3\"> </span>26 Jan 2021<span class=\"_ _6c\"> </span>23 Jan 2023</span><span style=\"display:inherit;clear:left;\">Grant price, euros*<span class=\"_ _164\"> </span><span class=\"ws0\">0.1759<span class=\"_ _b5\"> </span>0.0663<span class=\"_ _232\"> </span>0.1049<span class=\"_ _b5\"> </span>0.0856</span></span><span style=\"display:inherit;clear:left;\">Number of persons at the </span><span style=\"display:inherit;clear:left;\">end of the reporting year<span class=\"_ _150\"> </span><span class=\"ws0\">-<span class=\"_ _8f\"> </span>6<span class=\"_ _4f\"> </span>52<span class=\"_ _2b9\"> </span>66</span></span><span style=\"display:inherit;clear:left;\">Expenses recognised for </span><span style=\"display:inherit;clear:left;\">the financial year, LTI\u2019s total </span><span style=\"display:inherit;clear:left;\">(million euros)<span class=\"_ _2ba\"> </span><span class=\"ws0\">-<span class=\"_ _91\"> </span>1.8<span class=\"_ _31\"> </span>-<span class=\"_ _24e\"> </span>2.0<span class=\"_ _2bb\"> </span>3.8</span></span><span style=\"display:inherit;clear:left;\">of which share-settled </span><span style=\"display:inherit;clear:left;\">(net of taxes)<span class=\"_ _2bc\"> </span><span class=\"ws0\">-<span class=\"_ _152\"> </span>0.8<span class=\"_ _44\"> </span>-<span class=\"_ _24e\"> </span>2.0<span class=\"_ _2bb\"> </span>2.9</span></span><span style=\"display:inherit;clear:left;\">of which cash-settled<span class=\"_ _2b4\"> </span><span class=\"ws0\">-<span class=\"_ _25\"> </span>0.9<span class=\"_ _44\"> </span>-<span class=\"_ _44\"> </span>-<span class=\"_ _152\"> </span>0.9</span></span><span style=\"display:inherit;clear:left;\">Liability related to LTI\u2019s total<span class=\"_ _256\"> </span><span class=\"ws0\">-<span class=\"_ _25\"> </span>0.5<span class=\"_ _31\"> </span>-<span class=\"_ _44\"> </span>-<span class=\"_ _24e\"> </span>0.5</span></span><span style=\"display:inherit;clear:left;\">Shares granted, million </span><span style=\"display:inherit;clear:left;\">shares<span class=\"_ _2bd\"> </span>-<span class=\"_ _295\"> </span>66.5<span class=\"_ _56\"> </span>38.5<span class=\"_ _182\"> </span>96.6<span class=\"_ _2be\"> </span>201.6</span><span style=\"display:inherit;clear:left;\">1.3.8.2 Pensions</span><span style=\"display:inherit;clear:left;\">  Defined benefit and defined contribution plans</span><span style=\"display:inherit;clear:left;\">Pension plans are classified as defined benefit and defined contribution plans. Payments made into defined </span><span style=\"display:inherit;clear:left;\">contribution pension plans are recognised in the income statement in the period to which the payment applies. </span><span style=\"display:inherit;clear:left;\">Typically defined benefit plans define an amount of pension benefit that an employee will receive on retirement, </span><span style=\"display:inherit;clear:left;\">usually dependent on one or more factors such as age, years of service and compensation. Current service cost is the </span><span style=\"display:inherit;clear:left;\">present value of the post employment benefit, which is earned by the employees during the year and it is recognised </span><span style=\"display:inherit;clear:left;\">as staff and other crew related costs. The liability recognised in the balance sheet in respect of defined pension plans </span><span style=\"display:inherit;clear:left;\">is the present value of the defined benefit obligation at the end of the reporting period less the fair value of plan </span><span style=\"display:inherit;clear:left;\">assets. The defined benefit obligation is calculated annually by independent actuaries using the projected unit credit </span><span style=\"display:inherit;clear:left;\">method. The present value of the defined benefit obligations is determined by discounting the estimated future cash </span><span style=\"display:inherit;clear:left;\">flows using interest rates of high-quality corporate bonds that are denominated in the currency in which the benefits </span><span style=\"display:inherit;clear:left;\">will be paid, and that have terms to maturity approximating to the terms of the related pension obligation. Actuarial </span><span style=\"display:inherit;clear:left;\">gains and losses arising from experience adjustments and changes in actuarial assumptions are charged or credited </span><span style=\"display:inherit;clear:left;\">to equity in other comprehensive income in the period in which they arise. If fair value of plan assets is higher than </span><span style=\"display:inherit;clear:left;\">present value of funded obligations, the net amount is presented as pension assets in the Group\u2019s balance sheet.  </span><span style=\"display:inherit;clear:left;\">  Pension obligations</span><span style=\"display:inherit;clear:left;\">The present value of the pension obligations depends on a number of factors that are determined on an actuarial </span><span style=\"display:inherit;clear:left;\">basis using a number of assumptions. Any changes in these assumptions will impact the carrying amount of pension </span><span style=\"display:inherit;clear:left;\">obligations. The note below includes a description of exposure to most significant risks and a sensitivity analysis on </span><span style=\"display:inherit;clear:left;\">impacts of changes in actuarial assumptions.  </span><span style=\"display:inherit;clear:left;\">Description of pension plans at Finnair</span><span style=\"display:inherit;clear:left;\">The statutory pension cover of the employees of the Group\u2019s Finnish companies has been arranged in a Finnish </span><span style=\"display:inherit;clear:left;\">pension insurance company. The statutory pension cover is a defined contribution plan. The Group\u2019s foreign </span><span style=\"display:inherit;clear:left;\">sales offices and subsidiaries have various defined contribution plans that comply with local rules and practices.</span><span style=\"display:inherit;clear:left;\">CEO has no supplementary pension plan. The supplementary defined contribution pension plan of one member</span><span style=\"display:inherit;clear:left;\">of the Executive Board is arranged in a pension insurance company. The retirement age for this member is 63 </span><span style=\"display:inherit;clear:left;\">years.</span><span style=\"display:inherit;clear:left;\">Other supplementary pension cover of the Group\u2019s domestic companies has been arranged mainly in the </span><span style=\"display:inherit;clear:left;\">Finnair Pension Fund, in which the pension schemes are defined benefit plans. These pension plans cover old </span><span style=\"display:inherit;clear:left;\">age supplementary pensions and disability pensions exceeding the pension cover under the Employment </span><span style=\"display:inherit;clear:left;\">Pensions Act. The survivors\u2019 pensions under the supplementary pension cover applies on a limited basis to </span><span style=\"display:inherit;clear:left;\">pensioners who have retired on 1 January 2005 at the latest, as well as to recipients of benefits previously in </span><span style=\"display:inherit;clear:left;\">accordance with Finnair Plc\u2019s survivor\u2019s pension rules who transferred to the pension fund on 31 December 2015. </span><span style=\"display:inherit;clear:left;\">The Pension Fund\u2019s old age pension scheme has been closed to other employees since 1 February 1992 and </span><span style=\"display:inherit;clear:left;\">to pilots since 1 January 2010. Pilots recruited between 1 January 2010 to 31 May 2021 , have only been covered </span><span style=\"display:inherit;clear:left;\">by the limited occupational disability pension scheme if they are not switched to another work offered by the </span><span style=\"display:inherit;clear:left;\">employer. The pension fund as a whole has been closed on 31 May 2021.</span><span style=\"display:inherit;clear:left;\">Old age pensions of pilots recruited in 2015 or later are defined contribution schemes arranged in a life </span><span style=\"display:inherit;clear:left;\">insurance company. Supplementary pension cover has also vested pension right on a limited basis and </span><span style=\"display:inherit;clear:left;\">the retirement age of the pension fund\u2019s vested pension is tied to a change in the retirement age under the </span><span style=\"display:inherit;clear:left;\">Employment Pensions Act that came into force in 2017 or an event under disability pension cover under the </span><span style=\"display:inherit;clear:left;\">Employment Pensions Act. Beginning from 2021, the earnings or supplementary pensions payable on which </span><span style=\"display:inherit;clear:left;\">the pension fund\u2019s defined benefit supplementary pension cover is based are not adjusted by the pension </span><span style=\"display:inherit;clear:left;\">index increment. The supplementary pension liability of the pension fund is fully covered in accordance with </span><span style=\"display:inherit;clear:left;\">Finnish legislation. In addition, approximately 500 Finnair pilots have the right to a separate defined contribution </span><span style=\"display:inherit;clear:left;\">supplementary pension arranged in a life insurance company after reaching the age of 55 years in addition to </span><span style=\"display:inherit;clear:left;\">the pension fund\u2019s defined benefit old age pension cover, if the pilot continues to work as pilot over the age of 55 </span><span style=\"display:inherit;clear:left;\">years and retires from his/her job.</span><span style=\"display:inherit;clear:left;\">Exposure to most significant risks</span><span style=\"display:inherit;clear:left;\">Volatility of plan assets: Some of the plan assets are invested in equities which causes volatility but are in the long</span><span style=\"display:inherit;clear:left;\">run expected to provide higher returns than corporate bonds. The discount rate of plan obligations is defined </span><span style=\"display:inherit;clear:left;\">based on the interest rates of corporate bonds.</span><span style=\"display:inherit;clear:left;\">Changes in bond yield: A decrease in corporate bond yields increases plan obligations due to the fact that </span><span style=\"display:inherit;clear:left;\">the pension obligation is discounted to net present value with a rate that is based on corporate bond rates. This </span><span style=\"display:inherit;clear:left;\">increase in plan obligations is partially mitigated by a corresponding increase in the value of corporate bonds in </span><span style=\"display:inherit;clear:left;\">plan assets.</span><span style=\"display:inherit;clear:left;\">Life expectancy: The most significant part of the provided pension benefits relate to old age pensions. </span><span style=\"display:inherit;clear:left;\">Therefore, an increase in the life expectancy rate results in an increase of plan obligations.</span><span style=\"display:inherit;clear:left;\">Defined benefit pension plans</span><span style=\"display:inherit;clear:left;\">Items recognised in the balance sheet</span><span style=\"display:inherit;clear:left;\">Pension assets 128.0 million euro (120.0) includes 127.9 million euro (119.7) related to defined benefit plans insured </span><span style=\"display:inherit;clear:left;\">through the pension fund and 0.1 million euro (0.4) related to other defined benefit plans. Pension obligations </span><span style=\"display:inherit;clear:left;\">includes 0.8 million euro (0.7) related to other defined benefit plans. The change during 2023 mainly is due to </span><span style=\"display:inherit;clear:left;\">change in discounting rate to 3.01% (3.69%), net return on plan assets and exprerience adjustments.</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2bf\"> </span><span class=\"ws0\">2023<span class=\"_ _58\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Items recognised in the income statement</span><span style=\"display:inherit;clear:left;\">Current service costs<span class=\"_ _2c0\"> </span><span class=\"ws0\">3.8<span class=\"_ _51\"> </span>6.2</span></span><span style=\"display:inherit;clear:left;\">Past service cost<span class=\"_ _2c1\"> </span><span class=\"ws0\">4.4<span class=\"_ _5e\"> </span>5.3</span></span><span style=\"display:inherit;clear:left;\">Settlements and curtailments<span class=\"_ _2c2\"> </span><span class=\"ws0\">-<span class=\"_ _2c3\"> </span>-0.1</span></span><span style=\"display:inherit;clear:left;\">Service cost total, recognised in staff costs<span class=\"_ _2b0\"> </span><span class=\"ws0\">8.3<span class=\"_ _41\"> </span>11.4</span></span><span style=\"display:inherit;clear:left;\">Net interest expenses and foreign exchange differences<span class=\"_ _2c4\"> </span><span class=\"ws0\">-4.4<span class=\"_ _102\"> </span>-0.6</span></span><span style=\"display:inherit;clear:left;\">Total included in the income statement<span class=\"_ _2c5\"> </span><span class=\"ws0\">3.8<span class=\"_ _42\"> </span>10.8</span></span><span style=\"display:inherit;clear:left;\">Amounts recognised through other comprehensive income</span><span style=\"display:inherit;clear:left;\">Experience adjustment on plan obligation<span class=\"_ _2c6\"> </span><span class=\"ws0\">-5.7<span class=\"_ _d2\"> </span>1.5</span></span><span style=\"display:inherit;clear:left;\">Changes in financial actuarial assumptions<span class=\"_ _205\"> </span><span class=\"ws0\">15.2<span class=\"_ _149\"> </span>-86.4</span></span><span style=\"display:inherit;clear:left;\">Net return on plan assets<span class=\"_ _2c7\"> </span><span class=\"ws0\">-21.1<span class=\"_ _3c\"> </span>34.9</span></span><span style=\"display:inherit;clear:left;\">Amounts recognised through other comprehensive income total<span class=\"_ _20c\"> </span><span class=\"ws0\">-11.6<span class=\"_ _c1\"> </span>-49.9</span></span><span style=\"display:inherit;clear:left;\">Number of persons involved, pension fund<span class=\"_ _2c8\"> </span><span class=\"ws0\">3,893<span class=\"_ _232\"> </span>4,258</span></span><span style=\"display:inherit;clear:left;\">Number of persons involved, other defined benefit plans<span class=\"_ _1af\"> </span><span class=\"ws0\">51<span class=\"_ _d2\"> </span>53</span></span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _24\"> </span><span class=\"ws0\">2023<span class=\"_ _159\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Pension </span><span style=\"display:inherit;clear:left;\">Pension </span><span style=\"display:inherit;clear:left;\">Pension </span><span style=\"display:inherit;clear:left;\">Pension </span><span style=\"display:inherit;clear:left;\">assets</span><span style=\"display:inherit;clear:left;\">obligations</span><span style=\"display:inherit;clear:left;\">assets</span><span style=\"display:inherit;clear:left;\">obligations</span><span style=\"display:inherit;clear:left;\">Present value of funded obligations<span class=\"_ _2c9\"> </span><span class=\"ws0\">-260.6<span class=\"_ _fa\"> </span>-5.9<span class=\"_ _dc\"> </span>-263.2<span class=\"_ _226\"> </span>-1.1</span></span><span style=\"display:inherit;clear:left;\">Fair value of plan assets<span class=\"_ _1a0\"> </span><span class=\"ws0\">388.5<span class=\"_ _22a\"> </span>5.1<span class=\"_ _155\"> </span>383.3<span class=\"_ _189\"> </span>0.5</span></span><span style=\"display:inherit;clear:left;\">Pension assets (+) / pension obligations (-) in the balance </span><span style=\"display:inherit;clear:left;\">sheet<span class=\"_ _2ad\"> </span>128.0<span class=\"_ _129\"> </span>-0.8<span class=\"_ _65\"> </span>120.0<span class=\"_ _87\"> </span>-0.7</span><span style=\"display:inherit;clear:left;\">Changes in pension obligations</span><span style=\"display:inherit;clear:left;\">Changes in plan assets</span><span style=\"display:inherit;clear:left;\">Plan assets are comprised as follows</span><span style=\"display:inherit;clear:left;\">Plan assets of the pension fund include Finnair Plc shares with a fair value of 0.9 million euros (0.6) and buildings </span><span style=\"display:inherit;clear:left;\">used by the Group with a fair value of 22.0 million euros (13.0).</span><span style=\"display:inherit;clear:left;\">Defined benefit plans: principal actuarial assumptions</span><span style=\"display:inherit;clear:left;\">Sensitivity analysis</span><span style=\"display:inherit;clear:left;\">The sensitivity analysis describes the effect of a change in actuarial assumptions on the net defined benefit </span><span style=\"display:inherit;clear:left;\">obligation. The analyses are based on the change in the assumption while holding all other assumptions </span><span style=\"display:inherit;clear:left;\">constant. The method used is the same as that which has been applied when measuring the defined benefit </span><span style=\"display:inherit;clear:left;\">obligation recognised in the balance sheet.</span><span style=\"display:inherit;clear:left;\">Sensitivity analysis on principal actuarial assumptions</span><span style=\"display:inherit;clear:left;\">According to Finnish legislation, the pension fund needs to be fully funded. Finnair does not expect to pay </span><span style=\"display:inherit;clear:left;\">contributions to the pension fund in 2024. The duration of defined benefit obligation is 8 years. The duration is </span><span style=\"display:inherit;clear:left;\">calculated by using a discount rate of 3.01%.</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Fair value of pension obligations at 1 January<span class=\"_ _2ca\"> </span><span class=\"ws0\">264.4<span class=\"_ _39\"> </span>361.2</span></span><span style=\"display:inherit;clear:left;\">Current service costs<span class=\"_ _1c6\"> </span><span class=\"ws0\">3.3<span class=\"_ _107\"> </span>5.7</span></span><span style=\"display:inherit;clear:left;\">Past service cost<span class=\"_ _2af\"> </span><span class=\"ws0\">4.4<span class=\"_ _5e\"> </span>5.3</span></span><span style=\"display:inherit;clear:left;\">Settlements and curtailments<span class=\"_ _2cb\"> </span><span class=\"ws0\">-<span class=\"_ _30\"> </span>-0.5</span></span><span style=\"display:inherit;clear:left;\">Interest expenses and foreign exchange differences<span class=\"_ _1af\"> </span><span class=\"ws0\">9.4<span class=\"_ _2cc\"> </span>2.3</span></span><span style=\"display:inherit;clear:left;\">Expense recognised in income statement<span class=\"_ _221\"> </span><span class=\"ws0\">17.2<span class=\"_ _282\"> </span>12.8</span></span><span style=\"display:inherit;clear:left;\">Changes in actuarial assumptions<span class=\"_ _126\"> </span><span class=\"ws0\">15.2<span class=\"_ _5a\"> </span>-86.4</span></span><span style=\"display:inherit;clear:left;\">Experience adjustment on plan obligation<span class=\"_ _45\"> </span><span class=\"ws0\">-5.7<span class=\"_ _d2\"> </span>1.5</span></span><span style=\"display:inherit;clear:left;\">Remeasurements recognised through OCI<span class=\"_ _2b0\"> </span><span class=\"ws0\">9.5<span class=\"_ _232\"> </span>-84.9</span></span><span style=\"display:inherit;clear:left;\">Benefits paid<span class=\"_ _1b8\"> </span><span class=\"ws0\">-24.6<span class=\"_ _bf\"> </span>-24.8</span></span><span style=\"display:inherit;clear:left;\">Net present value of pension obligations<span class=\"_ _2cd\"> </span><span class=\"ws0\">266.5<span class=\"_ _b5\"> </span>264.4</span></span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Fair value of plan assets at 1 January<span class=\"_ _2ce\"> </span><span class=\"ws0\">383.7<span class=\"_ _149\"> </span>441.4</span></span><span style=\"display:inherit;clear:left;\">Administration expenses<span class=\"_ _237\"> </span><span class=\"ws0\">-0.5<span class=\"_ _30\"> </span>-0.5</span></span><span style=\"display:inherit;clear:left;\">Settlements and curtailments<span class=\"_ _2cb\"> </span><span class=\"ws0\">-<span class=\"_ _30\"> </span>-0.4</span></span><span style=\"display:inherit;clear:left;\">Interest income and foreign exchange differences<span class=\"_ _268\"> </span><span class=\"ws0\">13.8<span class=\"_ _51\"> </span>2.9</span></span><span style=\"display:inherit;clear:left;\">Items recognised through profit and loss<span class=\"_ _234\"> </span><span class=\"ws0\">13.3<span class=\"_ _297\"> </span>2.0</span></span><span style=\"display:inherit;clear:left;\">Acturial gain (loss) on plan assets<span class=\"_ _246\"> </span><span class=\"ws0\">21.1<span class=\"_ _39\"> </span>-34.9</span></span><span style=\"display:inherit;clear:left;\">Items recognised through OCI<span class=\"_ _2cf\"> </span><span class=\"ws0\">21.1<span class=\"_ _e9\"> </span>-34.9</span></span><span style=\"display:inherit;clear:left;\">Contributions paid<span class=\"_ _28a\"> </span><span class=\"ws0\">0.1<span class=\"_ _182\"> </span>0.0</span></span><span style=\"display:inherit;clear:left;\">Benefits paid<span class=\"_ _1b8\"> </span><span class=\"ws0\">-24.6<span class=\"_ _bf\"> </span>-24.8</span></span><span style=\"display:inherit;clear:left;\">Fair value of plan assets at 31 December<span class=\"_ _224\"> </span><span class=\"ws0\">393.7<span class=\"_ _f7\"> </span>383.7</span></span><span style=\"display:inherit;clear:left;\">%<span class=\"_ _1c2\"> </span>2023<span class=\"_ _59\"> </span>2022</span><span style=\"display:inherit;clear:left;\">Listed shares<span class=\"_ _2d0\"> </span><span class=\"ws0\">14.8<span class=\"_ _2d1\"> </span>12.2</span></span><span style=\"display:inherit;clear:left;\">Debt instruments<span class=\"_ _18c\"> </span><span class=\"ws0\">56.7<span class=\"_ _47\"> </span>59.7</span></span><span style=\"display:inherit;clear:left;\">Property<span class=\"_ _2d2\"> </span>25.2<span class=\"_ _47\"> </span>24.2</span><span style=\"display:inherit;clear:left;\">Other<span class=\"_ _296\"> </span>3.3<span class=\"_ _5e\"> </span>3.9</span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _284\"> </span>100.0<span class=\"_ _59\"> </span>100.0</span><span style=\"display:inherit;clear:left;\">%<span class=\"_ _1c2\"> </span>2023<span class=\"_ _59\"> </span>2022</span><span style=\"display:inherit;clear:left;\">Discount rate %<span class=\"_ _22e\"> </span>3.01 %<span class=\"_ _c5\"> </span><span class=\"ws0\">3.69%</span></span><span style=\"display:inherit;clear:left;\">Annual rate of future salary increases %<span class=\"_ _222\"> </span>0.90 %<span class=\"_ _66\"> </span><span class=\"ws0\">0.60%</span></span><span style=\"display:inherit;clear:left;\">Future pension increases %<span class=\"_ _230\"> </span>0.00 %<span class=\"_ _189\"> </span><span class=\"ws0\">0.00%</span></span><span style=\"display:inherit;clear:left;\">Estimated remaining years of service<span class=\"_ _121\"> </span><span class=\"ws0\">8<span class=\"_ _4f\"> </span>8</span></span><span style=\"display:inherit;clear:left;\">Impact when </span><span style=\"display:inherit;clear:left;\">Impact when </span><span style=\"display:inherit;clear:left;\">increase in </span><span style=\"display:inherit;clear:left;\">decrease in </span><span style=\"display:inherit;clear:left;\">Change in </span><span style=\"display:inherit;clear:left;\">assumption, </span><span style=\"display:inherit;clear:left;\">assumption, </span><span style=\"display:inherit;clear:left;\">Actuarial assumption</span><span style=\"display:inherit;clear:left;\">assumption</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _4c\"> </span><span class=\"ws0\">%</span></span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _4c\"> </span><span class=\"ws0\">%</span></span><span style=\"display:inherit;clear:left;\">Discount rate %<span class=\"_ _264\"> </span><span class=\"ws0\">0.25%<span class=\"_ _2ae\"> </span>-5.2<span class=\"_ _f1\"> </span>-2.0%<span class=\"_ _4c\"> </span>5.4<span class=\"_ _3c\"> </span>2.1%</span></span><span style=\"display:inherit;clear:left;\">Annual rate of future salary </span><span style=\"display:inherit;clear:left;\">increases %<span class=\"_ _2d3\"> </span><span class=\"ws0\">0.25%<span class=\"_ _2b9\"> </span>1.3<span class=\"_ _bf\"> </span>0.5%<span class=\"_ _168\"> </span>-1.3<span class=\"_ _57\"> </span>-0.5%</span></span><span style=\"display:inherit;clear:left;\">Life expectancy at birth<span class=\"_ _141\"> </span>1 year<span class=\"_ _152\"> </span><span class=\"ws0\">5.6<span class=\"_ _3c\"> </span>2.1%<span class=\"_ _43\"> </span>-<span class=\"_ _22\"> </span>-</span></span><span style=\"display:inherit;clear:left;\">4.5 Related party transactions</span><span style=\"display:inherit;clear:left;\">Related parties of the Finnair group includes its subsidiaries, management (the Board of Directors, the President </span><span style=\"display:inherit;clear:left;\">and CEO and the Executive Board), their close family members and companies controlled by them or their close</span><span style=\"display:inherit;clear:left;\">family members, associated companies and joint ventures, Finnair pension fund and Finnair Group sickness </span><span style=\"display:inherit;clear:left;\">fund. Subsidiaries are listed in the note 4.2 and joint ventures in note 4.4. Related party transactions include such </span><span style=\"display:inherit;clear:left;\">operations that are not eliminated in the group\u2019s consolidated financial statement.</span>The State of Finland <span style=\"display:inherit;clear:left;\">which has control over Finnair owns 55.7% (55.9%) of Finnair\u2019s shares. During financial </span><span style=\"display:inherit;clear:left;\">year 2023 the State of Finland participated in the rights issue in proportion to its holding by offsetting the </span><span style=\"display:inherit;clear:left;\">aggregate subscription price 318.6 million euros against a corresponding amount of the principal of the capital </span><span style=\"display:inherit;clear:left;\">loan. Guarantee related to the pension premium loan from the State of Finland and during the reporting period </span><span style=\"display:inherit;clear:left;\">repaid capital loan to the State of Finland are described in the note 3.3 Financial liabilities. All the transactions </span><span style=\"display:inherit;clear:left;\">with other government owned companies and other related parties are on arm\u2019s length basis, and are on similar</span><span style=\"display:inherit;clear:left;\">terms than transactions carried out with independent parties. The following transactions have taken place with </span><span style=\"display:inherit;clear:left;\">related party entities:</span><span style=\"display:inherit;clear:left;\">Employee benefits and non-current receivables from pension fund are related to defined benefit pension </span><span style=\"display:inherit;clear:left;\">plans in Finnair pension fund. These are described more detailed in the note 1.3.8.2. Management remuneration </span><span style=\"display:inherit;clear:left;\">is presented in note 1.3.8. Management has not been granted any loans and there have not been any other </span><span style=\"display:inherit;clear:left;\">transactions with management. More information on joint venture can be found in the note 4.4.</span><span style=\"display:inherit;clear:left;\">Finnair pension fund</span><span style=\"display:inherit;clear:left;\">The Finnair pension fund in Finland is a stand-alone legal entity which mainly provides additional pension </span><span style=\"display:inherit;clear:left;\">coverage to Finnair\u2019s personnel in the form of defined benefit plan, and manages related pension assets. The </span><span style=\"display:inherit;clear:left;\">assets include Finnair\u2019s shares representing 0.1% (0.1%) of the company\u2019s outstanding shares. Real estate and </span><span style=\"display:inherit;clear:left;\">premises owned by the pension fund have been mainly leased to Finnair. In 2023 and 2022 Finnair did not pay </span><span style=\"display:inherit;clear:left;\">any contributions to the fund. Pension asset was 127.9 million euros (119.7) at the end of the financial year.</span><span style=\"display:inherit;clear:left;\">Finnair sickness fund</span><span style=\"display:inherit;clear:left;\">The Finnair sickness fund in Finland is a stand-alone legal entity which provides its members the possibility to </span><span style=\"display:inherit;clear:left;\">seek best possible care by compensating related medical costs. The fund\u2019s sphere of operation consists of </span><span style=\"display:inherit;clear:left;\">persons (members) employed by group companies (shareholders). The activities of the insurance fund are </span><span style=\"display:inherit;clear:left;\">financed by contributions collected from shareholders and members.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-364-3": {
   "value": "<span style=\"display:inherit;clear:left;\">  Share-based payments</span><span style=\"display:inherit;clear:left;\">Finnair provides several share-based compensation plans for its employees, under which the Group receives </span><span style=\"display:inherit;clear:left;\">services from employees as consideration for share-based payments. Regarding share-based incentive plans for </span><span style=\"display:inherit;clear:left;\">key personnel, the awards are paid only if performance criteria set by the Board of Directors is met. Share-based </span><span style=\"display:inherit;clear:left;\">savings plan for employees (FlyShare) requires the employees to remain in Finnair\u2019s service for the defined period, but </span><span style=\"display:inherit;clear:left;\">payment does not depend on any performance criteria.</span><span style=\"display:inherit;clear:left;\">The total expense for share-based payments is recognised over the vesting period, which is the period over which </span><span style=\"display:inherit;clear:left;\">all of the specified vesting conditions, such as the fulfilment of goals and a valid employment relationship, are to </span><span style=\"display:inherit;clear:left;\">be satisfied. Share-based payments that are settled net of taxes are considered in their entirety as equity-settled </span><span style=\"display:inherit;clear:left;\">share-based payment transactions. The reward is valued based on the market price of the Finnair share as of the </span><span style=\"display:inherit;clear:left;\">grant date, and recognised as an employee benefit expense over the vesting period with corresponding entry in the </span><span style=\"display:inherit;clear:left;\">equity. Income tax paid to tax authorities on behalf of employee is measured based on the market price of the  <span class=\"_ _0\"></span>Finnair </span><span style=\"display:inherit;clear:left;\">share at the delivery date and recognised as a decrease in equity. If the reward includes the portion settled in cash, </span><span style=\"display:inherit;clear:left;\">it is accounted for as a cash-settled transaction. The liability resulting from the cash-settled transactions is measured </span><span style=\"display:inherit;clear:left;\">based on the market price of the Finnair share at the balance sheet date and accrued as an employee benefit </span><span style=\"display:inherit;clear:left;\">expense for service period with corresponding entry in the liabilities until the settlement date.</span><span style=\"display:inherit;clear:left;\">Share-based payments</span><span style=\"display:inherit;clear:left;\">This note provides description and information on effects of the Group\u2019s share-based incentive schemes. More </span><span style=\"display:inherit;clear:left;\">information on share-based personnel bonus schemes can be found in Remuneration report.</span><span style=\"display:inherit;clear:left;\">Performance share plan (LTI)</span><span style=\"display:inherit;clear:left;\">Finnair\u2019s share-based incentive plan is a performance-based, annually commencing long-term incentive (LTI) </span><span style=\"display:inherit;clear:left;\">arrangement, and the commencement of each new plan is subject to a separate decision made by Finnair\u2019s </span><span style=\"display:inherit;clear:left;\">Board of Directors. The purpose of these plans is to encourage the management to work to increase long-term </span><span style=\"display:inherit;clear:left;\">shareholder value. The Finnish Government\u2019s guidance regarding the remuneration of executive management </span><span style=\"display:inherit;clear:left;\">and key individuals have been taken into consideration when designing the plans.</span><span style=\"display:inherit;clear:left;\">All ongoing LTI plans include three years earning period. The potential reward will be delivered in Finnair </span><span style=\"display:inherit;clear:left;\">shares. The shares are delivered to the participants during the year following the performance period, except </span><span style=\"display:inherit;clear:left;\">for the Rebuild incentive where the performance period ended in June 2023 and the share of year 2023 reward </span><span style=\"display:inherit;clear:left;\">was delivered at the end of the same year.</span><span style=\"display:inherit;clear:left;\">The members of Finnair\u2019s Executive Board are expected to accumulate their share ownership in Finnair until </span><span style=\"display:inherit;clear:left;\">it corresponds to their annual gross base salary and thereafter retain it for as long as they are members of the </span><span style=\"display:inherit;clear:left;\">Executive Board.</span><span style=\"display:inherit;clear:left;\">The target levels and maximum levels set for the criteria are based on the long-term strategic objectives set </span><span style=\"display:inherit;clear:left;\">by the company\u2019s Board of Directors. Criteria are monitored against the performance on a quarterly basis. The </span><span style=\"display:inherit;clear:left;\">performance criteria of the plan for 2020\u20132022 were not reached. In the comparison period, the performance </span><span style=\"display:inherit;clear:left;\">criteria applied to the 2019\u20132021 plan was met at 54% level while the target was at 100% and the maximum </span><span style=\"display:inherit;clear:left;\">earning level at 200%.</span><span style=\"display:inherit;clear:left;\">The expense recognised for 2023 amounted to 3.8 million euros (0.9). The amount expected to be transferred </span><span style=\"display:inherit;clear:left;\">to the tax authority to settle the employee\u2019s tax obligation is 3.4 million euros (3.0). The cost related to share-</span><span style=\"display:inherit;clear:left;\">based payments is recognised in staff and other crew related costs and unrestricted equity funds, except the </span><span style=\"display:inherit;clear:left;\">cash-settled portion of the Rebuild incentive plan in liabilities related to employee benefits.</span><span style=\"display:inherit;clear:left;\">Rebuild incentive plan 7/2020-6/2023</span><span style=\"display:inherit;clear:left;\">In 2020, a new share-based Rebuild incentive plan for CEO and Executive Board was launched. The program </span><span style=\"display:inherit;clear:left;\">contains a three-year performance period (7/2020\u20136/2023) and it is designed to contain only this one plan. The </span><span style=\"display:inherit;clear:left;\">potential share rewards will be delivered to the participants in a pre-determined proportion of shares and cash </span><span style=\"display:inherit;clear:left;\">after the end of the performance period and the rewards are at the participants\u2019 free disposal after delivery.</span><span style=\"display:inherit;clear:left;\">If the combined value of incentive rewards in 2023 exceeds 120% of executive\u2019s annual salary, the exceeding </span><span style=\"display:inherit;clear:left;\">part is deferred to coming years so that the combined incentive payout in any year does not exceed 120% of </span><span style=\"display:inherit;clear:left;\">the annual base salary. The total expense for the plan is recognised over the vesting period between the grant </span><span style=\"display:inherit;clear:left;\">date and each tranche of share deliveries. The grant date is at the beginning of performance period and the </span><span style=\"display:inherit;clear:left;\">compensation is measured in shares.</span><span style=\"display:inherit;clear:left;\">The payout opportunity of the Rebuild plan was defined in the beginning of each plan in relation to the </span><span style=\"display:inherit;clear:left;\">participants annual base salary. If the performance criteria set for the plan would have been met at the </span><span style=\"display:inherit;clear:left;\">target level, the incentive paid in Finnair shares to the President and CEO or other member of the Executive </span><span style=\"display:inherit;clear:left;\">Board participating in the plans would have been a total of 180% of the participant\u2019s annual base salary. If the </span><span style=\"display:inherit;clear:left;\">performance criteria set for the plan would have been at the maximum level, the incentive paid in Finnair shares </span><span style=\"display:inherit;clear:left;\">will be a total of 360% of the participant\u2019s annual base salary. The performance criteria of the plan were met at </span><span style=\"display:inherit;clear:left;\">69.5% of the maximum level.</span><span style=\"display:inherit;clear:left;\">The amount corresponding to tax payable at the time of payment was first deducted from the gross reward </span><span style=\"display:inherit;clear:left;\">defined as shares. The net reward was delivered in a combination of cash and shares in a proportion decided </span><span style=\"display:inherit;clear:left;\">by the Board of Directors. As a result of the rights issue in 2023 prior to the share delivery, the share allocation for </span><span style=\"display:inherit;clear:left;\">the Rebuild plan was adjusted in accordance with the decision of the Board of Directors in order for the earning </span><span style=\"display:inherit;clear:left;\">opportunities to retain their value.</span><span style=\"display:inherit;clear:left;\">The performance criteria were set for the whole 3-year period as well as for three 12-month mid-term periods:</span><span style=\"display:inherit;clear:left;\">7/2020\u20136/2021: comparable EBITDA (40% weight), gearing (40% weight), lost-time injury frequency (10% </span><span style=\"display:inherit;clear:left;\">weight) and CO</span><span style=\"display:inherit;clear:left;\"> emissions measured through fuel efficiency (10% weight),</span><span style=\"display:inherit;clear:left;\">2</span><span style=\"display:inherit;clear:left;\">7/2021\u20136/2022: comparable EBIT (60% weight), revenue (20% weight), employee retention (10% weight) and </span><span style=\"display:inherit;clear:left;\">CO</span><span style=\"display:inherit;clear:left;\"> emissions measured through fuel efficiency (10% weight) as well as</span><span style=\"display:inherit;clear:left;\">2</span><span style=\"display:inherit;clear:left;\">7/2022\u20136/2023: comparable EBITDA (40% weight), net promoter score (NPS, 40% weight), lost-time injury </span><span style=\"display:inherit;clear:left;\">frequency (10% weight) and employee retention (10% weight).</span><span style=\"display:inherit;clear:left;\">The criteria for the whole 3-year period, was cash flow from operating activities which functioned as a multiplier </span><span style=\"display:inherit;clear:left;\">(0-2) for the whole program. This meaned that the threshold level needed to be reached in order for any reward to </span><span style=\"display:inherit;clear:left;\">be paid.</span><span style=\"display:inherit;clear:left;\">Other long-term incentive plans</span><span style=\"display:inherit;clear:left;\">There are two long-term incentive plans ongoing (2021\u20132023 and 2023\u20132025 with two performance periods </span><span style=\"display:inherit;clear:left;\">2023\u20132024 and 2023\u20132025). In 2022, no new long-term incentive plan was launched due to continuous business </span><span style=\"display:inherit;clear:left;\">environment changes caused by the war in Ukraine.</span><span style=\"display:inherit;clear:left;\">The annually commencing performance share plans retain the three-year performance period, the </span><span style=\"display:inherit;clear:left;\">exception is the two-year performance period of the 2023-2025 plan. The potential share rewards will be </span><span style=\"display:inherit;clear:left;\">delivered to the participants in one tranche after the performance period and they are at the participants\u2019 free </span><span style=\"display:inherit;clear:left;\">disposal after delivery.</span><span style=\"display:inherit;clear:left;\">The pay-out opportunity is defined as a fixed share amount in the beginning of each plan in relation to the </span><span style=\"display:inherit;clear:left;\">participants annual base salary. Therefore, changes in the share price during the performance period impacts </span><span style=\"display:inherit;clear:left;\">the value of the pay-out opportunity. If the performance criteria set for the plan are met at the target level, the </span><span style=\"display:inherit;clear:left;\">incentive paid in Finnair shares to the President and CEO or other member of the Executive Board participating </span><span style=\"display:inherit;clear:left;\">in the plans will be 20% of the participant\u2019s annual base salary. If the performance criteria set for the plan are </span><span style=\"display:inherit;clear:left;\">met at the maximum level, the incentive paid in Finnair shares will be 60% of the participant\u2019s annual base salary.</span><span style=\"display:inherit;clear:left;\">The maximum level for incentives for other key personnel is 20\u201350% of the person\u2019s annual base salary. As a </span><span style=\"display:inherit;clear:left;\">result of the rights issue in 2023, the share allocations for the ongoing 2021\u20132023 and 2023\u20132025 plans were </span><span style=\"display:inherit;clear:left;\">adjusted 6.32-fold in order for the earning opportunities to retain their value.</span><span style=\"display:inherit;clear:left;\">The maximum combined value of all variable compensation (including both short- and long-term incentives) </span><span style=\"display:inherit;clear:left;\">paid to an individual participant in any given calendar year may not exceed 120% of the participant\u2019s annual </span><span style=\"display:inherit;clear:left;\">gross base salary. The amounts of shares paid are stated before tax. The number of shares delivered will be </span><span style=\"display:inherit;clear:left;\">deducted by an amount corresponding to the income tax payable for the incentive at the time of payment. </span><span style=\"display:inherit;clear:left;\">In conjunction with the rights offering in 2020, according to the restrictions set by EU commission, the Board of </span><span style=\"display:inherit;clear:left;\">Directors decided to cancel the 2018\u20132020, 2019\u20132021 and 2020\u20132022 LTI plans for the CEO and Executive </span><span style=\"display:inherit;clear:left;\">Board.</span><span style=\"display:inherit;clear:left;\">The performance criteria applied to the plans are:</span><span style=\"display:inherit;clear:left;\">2020\u20132022 plan: earnings per share (EPS, 50% weight) and unit cost with constant currencies and fuel price </span><span style=\"display:inherit;clear:left;\">(CASK, 50% weight),</span><span style=\"display:inherit;clear:left;\">2021\u20132023 plan: earnings per share (EPS, 45% weight), unit cost with constant currencies and fuel price (CASK, </span><span style=\"display:inherit;clear:left;\">45% weight) and fuel efficiency (10% weight) as well as</span><span style=\"display:inherit;clear:left;\">2023\u20132025 plan: operating result.</span><span style=\"display:inherit;clear:left;\">The total expense for the plans is recognised over the vesting period, which is three years. The grant date is at </span><span style=\"display:inherit;clear:left;\">the beginning of performance period and the compensation is measured in shares.</span><span style=\"display:inherit;clear:left;\"> * Grant price in the plan 2020-2022 has been adjusted by the bonus elements included in the rights issues in 2020 and 2023, and </span><span style=\"display:inherit;clear:left;\">the other plans have been adjusted by a bonus element included in the rights issue in 2023.</span><span style=\"display:inherit;clear:left;\">** As a result of the rights issue in 2023, the share allocations for the 2020\u20132023 Rebuild, 2021\u20132023 and 2023\u20132025 plans were </span><span style=\"display:inherit;clear:left;\">adjusted based on the decision of the Board of Directors in order for the earning opportunities to retain their value. The 2020\u2013</span><span style=\"display:inherit;clear:left;\">2022 and 2021\u20132023 plans were cancelled for the CEO and Executive Board.</span><span style=\"display:inherit;clear:left;\">FlyShare employee share savings plan</span><span style=\"display:inherit;clear:left;\">The saving period of the last plan of the share savings plans offered for Finnair\u2019s employees is ongoing. In 2022, </span><span style=\"display:inherit;clear:left;\">Finnair\u2019s Board of Directors decided to terminate commencing the new FlyShare programs as a part of savings </span><span style=\"display:inherit;clear:left;\">program.</span><span style=\"display:inherit;clear:left;\">Plan consisted of one year savings period followed by two year lock-up period. Through the plan, each </span><span style=\"display:inherit;clear:left;\">eligible Finnair employee was offered the opportunity to save part of his or her salary to be invested in Finnair </span><span style=\"display:inherit;clear:left;\">shares. The maximum monthly savings were 8% and the minimum 2% of each participant\u2019s gross base salary per</span><span style=\"display:inherit;clear:left;\">month. Shares were purchased with the accumulated savings at the market price quarterly, after the release of </span><span style=\"display:inherit;clear:left;\">Finnair\u2019s interim reports.</span><span style=\"display:inherit;clear:left;\">The plan lasts for three years, and Finnair awards each participating employee with one share for each two </span><span style=\"display:inherit;clear:left;\">shares purchased and held at the end of three-year period. The awarded bonus and additional shares are </span><span style=\"display:inherit;clear:left;\">taxable income for the recipient. The number of shares delivered will be deducted by an amount corresponding</span><span style=\"display:inherit;clear:left;\">to the income tax payable for the shares at the time of payment. The cost related to additional shares delivered </span><span style=\"display:inherit;clear:left;\">is recognised as expense during vesting period.</span><span style=\"display:inherit;clear:left;\">The expense recognised for FlyShare employee share saving plans in 2023 amounted to 0.7 million euros </span><span style=\"display:inherit;clear:left;\">(0.9). The amount expected to be transferred to the tax authority to settle the employee\u2019s tax obligation is 0.3 </span><span style=\"display:inherit;clear:left;\">million euros (0.9). The cost related to employee share saving plans is recognised in staff and other crew related </span><span style=\"display:inherit;clear:left;\">costs and unrestricted equity funds.</span><span style=\"display:inherit;clear:left;\">Rebuild <span class=\"_ _8\"></span> </span><span style=\"display:inherit;clear:left;\">2020\u20132022</span><span style=\"display:inherit;clear:left;\">2020\u20132023<span class=\"_ _128\"> </span>2021\u20132023<span class=\"_ _13c\"> </span>2023\u20132025<span class=\"_ _39\"> </span>Total</span><span style=\"display:inherit;clear:left;\">Grant date<span class=\"_ _191\"> </span>7 Feb 2020<span class=\"_ _67\"> </span>9 Oct 2020<span class=\"_ _2b3\"> </span>26 Jan 2021<span class=\"_ _6c\"> </span>23 Jan 2023</span><span style=\"display:inherit;clear:left;\">Grant price, euros*<span class=\"_ _164\"> </span><span class=\"ws0\">0.1759<span class=\"_ _b5\"> </span>0.0663<span class=\"_ _232\"> </span>0.1049<span class=\"_ _b5\"> </span>0.0856</span></span><span style=\"display:inherit;clear:left;\">Number of persons at the </span><span style=\"display:inherit;clear:left;\">end of the reporting year<span class=\"_ _150\"> </span><span class=\"ws0\">-<span class=\"_ _8f\"> </span>6<span class=\"_ _4f\"> </span>52<span class=\"_ _2b9\"> </span>66</span></span><span style=\"display:inherit;clear:left;\">Expenses recognised for </span><span style=\"display:inherit;clear:left;\">the financial year, LTI\u2019s total </span><span style=\"display:inherit;clear:left;\">(million euros)<span class=\"_ _2ba\"> </span><span class=\"ws0\">-<span class=\"_ _91\"> </span>1.8<span class=\"_ _31\"> </span>-<span class=\"_ _24e\"> </span>2.0<span class=\"_ _2bb\"> </span>3.8</span></span><span style=\"display:inherit;clear:left;\">of which share-settled </span><span style=\"display:inherit;clear:left;\">(net of taxes)<span class=\"_ _2bc\"> </span><span class=\"ws0\">-<span class=\"_ _152\"> </span>0.8<span class=\"_ _44\"> </span>-<span class=\"_ _24e\"> </span>2.0<span class=\"_ _2bb\"> </span>2.9</span></span><span style=\"display:inherit;clear:left;\">of which cash-settled<span class=\"_ _2b4\"> </span><span class=\"ws0\">-<span class=\"_ _25\"> </span>0.9<span class=\"_ _44\"> </span>-<span class=\"_ _44\"> </span>-<span class=\"_ _152\"> </span>0.9</span></span><span style=\"display:inherit;clear:left;\">Liability related to LTI\u2019s total<span class=\"_ _256\"> </span><span class=\"ws0\">-<span class=\"_ _25\"> </span>0.5<span class=\"_ _31\"> </span>-<span class=\"_ _44\"> </span>-<span class=\"_ _24e\"> </span>0.5</span></span><span style=\"display:inherit;clear:left;\">Shares granted, million </span><span style=\"display:inherit;clear:left;\">shares<span class=\"_ _2bd\"> </span>-<span class=\"_ _295\"> </span>66.5<span class=\"_ _56\"> </span>38.5<span class=\"_ _182\"> </span>96.6<span class=\"_ _2be\"> </span>201.6</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSharebasedPaymentArrangementsExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-364-4": {
   "value": "<span style=\"display:inherit;clear:left;\">  Share-based payments</span><span style=\"display:inherit;clear:left;\">Finnair provides several share-based compensation plans for its employees, under which the Group receives </span><span style=\"display:inherit;clear:left;\">services from employees as consideration for share-based payments. Regarding share-based incentive plans for </span><span style=\"display:inherit;clear:left;\">key personnel, the awards are paid only if performance criteria set by the Board of Directors is met. Share-based </span><span style=\"display:inherit;clear:left;\">savings plan for employees (FlyShare) requires the employees to remain in Finnair\u2019s service for the defined period, but </span><span style=\"display:inherit;clear:left;\">payment does not depend on any performance criteria.</span><span style=\"display:inherit;clear:left;\">The total expense for share-based payments is recognised over the vesting period, which is the period over which </span><span style=\"display:inherit;clear:left;\">all of the specified vesting conditions, such as the fulfilment of goals and a valid employment relationship, are to </span><span style=\"display:inherit;clear:left;\">be satisfied. Share-based payments that are settled net of taxes are considered in their entirety as equity-settled </span><span style=\"display:inherit;clear:left;\">share-based payment transactions. The reward is valued based on the market price of the Finnair share as of the </span><span style=\"display:inherit;clear:left;\">grant date, and recognised as an employee benefit expense over the vesting period with corresponding entry in the </span><span style=\"display:inherit;clear:left;\">equity. Income tax paid to tax authorities on behalf of employee is measured based on the market price of the  <span class=\"_ _0\"></span>Finnair </span><span style=\"display:inherit;clear:left;\">share at the delivery date and recognised as a decrease in equity. If the reward includes the portion settled in cash, </span><span style=\"display:inherit;clear:left;\">it is accounted for as a cash-settled transaction. The liability resulting from the cash-settled transactions is measured </span><span style=\"display:inherit;clear:left;\">based on the market price of the Finnair share at the balance sheet date and accrued as an employee benefit </span><span style=\"display:inherit;clear:left;\">expense for service period with corresponding entry in the liabilities until the settlement date.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-380-3": {
   "value": "<span style=\"display:inherit;clear:left;\">Termination benefits</span><span style=\"display:inherit;clear:left;\">Termination benefits are payable when employment is terminated by the Group before the normal retirement date, </span><span style=\"display:inherit;clear:left;\">or whenever an employee accepts voluntary redundancy in exchange for these benefits. The Group recognises </span><span style=\"display:inherit;clear:left;\">termination benefits when it is demonstrably committed to a termination. Group is demonstrably committed when </span><span style=\"display:inherit;clear:left;\">it has a detailed formal plan to terminate the employment of current employees without possibility of withdrawal. In </span><span style=\"display:inherit;clear:left;\">the case of an offer made to encourage voluntary redundancy, the termination benefits are measured based on the </span><span style=\"display:inherit;clear:left;\">number of employees expected to accept the offer.</span><span style=\"display:inherit;clear:left;\">Accounting principles related to pension benefits are described in the note 1.3.8.2 Pensions.  </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTerminationBenefits",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-563-3": {
   "value": "<span style=\"display:inherit;clear:left;\">  Defined benefit and defined contribution plans</span><span style=\"display:inherit;clear:left;\">Pension plans are classified as defined benefit and defined contribution plans. Payments made into defined </span><span style=\"display:inherit;clear:left;\">contribution pension plans are recognised in the income statement in the period to which the payment applies. </span><span style=\"display:inherit;clear:left;\">Typically defined benefit plans define an amount of pension benefit that an employee will receive on retirement, </span><span style=\"display:inherit;clear:left;\">usually dependent on one or more factors such as age, years of service and compensation. Current service cost is the </span><span style=\"display:inherit;clear:left;\">present value of the post employment benefit, which is earned by the employees during the year and it is recognised </span><span style=\"display:inherit;clear:left;\">as staff and other crew related costs. The liability recognised in the balance sheet in respect of defined pension plans </span><span style=\"display:inherit;clear:left;\">is the present value of the defined benefit obligation at the end of the reporting period less the fair value of plan </span><span style=\"display:inherit;clear:left;\">assets. The defined benefit obligation is calculated annually by independent actuaries using the projected unit credit </span><span style=\"display:inherit;clear:left;\">method. The present value of the defined benefit obligations is determined by discounting the estimated future cash </span><span style=\"display:inherit;clear:left;\">flows using interest rates of high-quality corporate bonds that are denominated in the currency in which the benefits </span><span style=\"display:inherit;clear:left;\">will be paid, and that have terms to maturity approximating to the terms of the related pension obligation. Actuarial </span><span style=\"display:inherit;clear:left;\">gains and losses arising from experience adjustments and changes in actuarial assumptions are charged or credited </span><span style=\"display:inherit;clear:left;\">to equity in other comprehensive income in the period in which they arise. If fair value of plan assets is higher than </span><span style=\"display:inherit;clear:left;\">present value of funded obligations, the net amount is presented as pension assets in the Group\u2019s balance sheet.  </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-650-2": {
   "value": "<span style=\"display:inherit;clear:left;\">2 Fleet and other fixed assets and leasing </span><span style=\"display:inherit;clear:left;\">arrangements</span><span style=\"display:inherit;clear:left;\">  Fleet and other fixed assets and leasing arrangements include notes particularly related to the aircraft fleet. </span><span style=\"display:inherit;clear:left;\">Notes related to the aircraft operated by the Group are combined in this section so that the general view of the </span><span style=\"display:inherit;clear:left;\">fleet is easier to understand. In addition to owned aircraft, the notes cover leased aircraft under different kinds </span><span style=\"display:inherit;clear:left;\">of aircraft lease arrangements. </span><span style=\"display:inherit;clear:left;\">The assets owned and leased by Finnair consist mostly of aircraft operated by Finnair and Norra. In 2023, the </span><span style=\"display:inherit;clear:left;\">number of owned aircraft was 46 (37) and leased aircraft 33 (43). During the financial year, Finnair purchased </span><span style=\"display:inherit;clear:left;\">two A320 and seven A321 aircraft that it had been leasing in. All aircraft were in operative use as at the balance </span><span style=\"display:inherit;clear:left;\">sheet date.</span><span style=\"display:inherit;clear:left;\">Fleet in Finnair balance sheet</span><span style=\"display:inherit;clear:left;\">2.1 Fleet and other fixed assets </span><span style=\"display:inherit;clear:left;\">  Fleet and other fixed assets are stated at historical cost less accumulated depreciation and accumulated </span><span style=\"display:inherit;clear:left;\">impairment loss if applicable. Fleet includes aircraft and aircraft prepayments. The acquisition cost of aircraft </span><span style=\"display:inherit;clear:left;\">is allocated to the aircraft frame, cabin components, engines and maintenace components as separate assets. </span><span style=\"display:inherit;clear:left;\">Maintenance components include heavy maintenance, C-checks, APU (auxiliary power unit) restorations, landing </span><span style=\"display:inherit;clear:left;\">gear overhauls and thrust reversers of aircraft frames, as well as performance restoration and maintenance of </span><span style=\"display:inherit;clear:left;\">life limited parts of engines. Aircraft frames and engines are depreciated over the useful life of the aircraft. The </span><span style=\"display:inherit;clear:left;\">maintenance components are depreciated during the maintenance cycle. Cabin components are depreciated over </span><span style=\"display:inherit;clear:left;\">their expected useful life. Significant modifications of owned or leased aircraft are capitalised as separate items </span><span style=\"display:inherit;clear:left;\">and depreciated over their expected useful life, which in the case of leased aircraft cannot exceed the lease period. </span><span style=\"display:inherit;clear:left;\">Replaced components are derecognised from the balance sheet. </span><span style=\"display:inherit;clear:left;\">Advance payments for aircraft are recorded as fleet fixed assets. Interest costs related to advance payments are </span><span style=\"display:inherit;clear:left;\">capitalised as acquisition cost for the period at which Finnair is financing the manufacturing of the aircraft. Hedging </span><span style=\"display:inherit;clear:left;\">gains or losses related to the fair value changes of firm, USD nominated purchase commitments for aircraft are </span><span style=\"display:inherit;clear:left;\">recognised in advance payments. Advance payments, realised foreign exchange hedges and capitalised interests </span><span style=\"display:inherit;clear:left;\">are recognised as part of the aircraft acquisition cost once the aircraft is delivered and taken to commercial use.</span><span style=\"display:inherit;clear:left;\">Other fixed assets include rotable aircraft spare parts, other fixed assets and their prepayments. Other fixed assets </span><span style=\"display:inherit;clear:left;\">are depreciated during their expected useful life.</span><span style=\"display:inherit;clear:left;\">Intangible assets mainly include computer software and connection fees. Connection fees are not depreciated. </span><span style=\"display:inherit;clear:left;\">Gains and losses on disposal of tangible and intangible assets are included in other operating income and expenses.</span><span style=\"display:inherit;clear:left;\">Useful life and residual value</span><span style=\"display:inherit;clear:left;\">Depreciation of fleet and other fixed assets is based on the following expected economic lifetimes:</span><span style=\"display:inherit;clear:left;\">New aircraft and engines (fleet) as well as flight simulators (other equipment) on a straight-line basis as follows:</span><span style=\"display:inherit;clear:left;\">Airbus A350 fleet, over 20 years to a residual value of 10%</span><span style=\"display:inherit;clear:left;\">Airbus A320 and Embraer fleet, over 20 years to a residual value of 10%</span><span style=\"display:inherit;clear:left;\">Airbus A330 fleet, over 18 years to a residual value of 10%</span><span style=\"display:inherit;clear:left;\">Turboprop aircraft (ATR fleet), over 20 years to a residual value of 10%</span><span style=\"display:inherit;clear:left;\">Heavy maintenance, C-checks, APU and landing gear restorations and thrust reversers of aircraft frame, as well </span><span style=\"display:inherit;clear:left;\">as performance maintenance and life limited parts of the engines, on a straight-line basis during the maintenance </span><span style=\"display:inherit;clear:left;\">period</span><span style=\"display:inherit;clear:left;\">Cabin components, over 7\u201320 years</span><span style=\"display:inherit;clear:left;\">Rotable spare parts and components, over 15 years to a residual value of 0%</span><span style=\"display:inherit;clear:left;\">Buildings, over 10\u201350 years from the time of acquisition to a residual value of 10%</span><span style=\"display:inherit;clear:left;\">Other tangible assets, over 3\u201315 years</span><span style=\"display:inherit;clear:left;\">Computer software, over 3\u20138 years</span><span style=\"display:inherit;clear:left;\">The residual values and estimated useful lives of the assets are assessed at each closing date and if they differ </span><span style=\"display:inherit;clear:left;\">significantly from previous estimates, the depreciation periods and residual values are changed accordingly.</span><span style=\"display:inherit;clear:left;\">Assets held for sale</span><span style=\"display:inherit;clear:left;\">Non-current assets (or disposal groups) are classified as assets held for sale when their carrying amount is to be </span><span style=\"display:inherit;clear:left;\">recovered principally through a sale transaction, a sale is considered highly probable and expected to take place </span><span style=\"display:inherit;clear:left;\">within the next twelve months. Assets classified as held for sale are stated at the lower of the carrying amount or fair </span><span style=\"display:inherit;clear:left;\">value less cost to sell. Assets classified as held for sale are no longer depreciated.  </span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2d4\"> </span><span class=\"ws0\">2023<span class=\"_ _58\"> </span>2022<span class=\"_ _73\"> </span>Change</span></span><span style=\"display:inherit;clear:left;\">Advances paid for aircraft<span class=\"_ _221\"> </span><span class=\"ws0\">95.8<span class=\"_ _47\"> </span>111.2<span class=\"_ _fd\"> </span>-15.4</span></span><span style=\"display:inherit;clear:left;\">Owned aircraft<span class=\"_ _2d5\"> </span><span class=\"ws0\">957.2<span class=\"_ _e9\"> </span>783.6<span class=\"_ _bf\"> </span>173.6</span></span><span style=\"display:inherit;clear:left;\">Right-of-use fleet<span class=\"_ _121\"> </span><span class=\"ws0\">775.0<span class=\"_ _232\"> </span>932.9<span class=\"_ _59\"> </span>-157.9</span></span><span style=\"display:inherit;clear:left;\">Fleet total<span class=\"_ _230\"> </span><span class=\"ws0\">1,828.0<span class=\"_ _fa\"> </span>1,827.6<span class=\"_ _2c3\"> </span>0.4</span></span><span style=\"display:inherit;clear:left;\">Fleet lease liabilities<span class=\"_ _2d6\"> </span><span class=\"ws0\">940.3<span class=\"_ _189\"> </span>1,164.4<span class=\"_ _57\"> </span>-224.1</span></span><span style=\"display:inherit;clear:left;\">Depreciation and impairment from fleet during the period</span><span style=\"display:inherit;clear:left;\">Depreciation for the period of owned aircraft<span class=\"_ _2d7\"> </span><span class=\"ws0\">-139.5<span class=\"_ _b5\"> </span>-120.9<span class=\"_ _fd\"> </span>-18.6</span></span><span style=\"display:inherit;clear:left;\">Depreciation for the period of right-of-use fleet<span class=\"_ _2d8\"> </span><span class=\"ws0\">-156.9<span class=\"_ _b5\"> </span>-156.0<span class=\"_ _102\"> </span>-0.9</span></span><span style=\"display:inherit;clear:left;\">Impairment for the period related to owned aircraft<span class=\"_ _10e\"> </span><span class=\"ws0\">-<span class=\"_ _fc\"> </span>-32.7<span class=\"_ _2be\"> </span>32.7</span></span><span style=\"display:inherit;clear:left;\">Fleet 2023</span><span style=\"display:inherit;clear:left;\">Additions to fleet in 2023 relate mainly to purchase of two A320 and seven A321 aircrafts that were previously </span><span style=\"display:inherit;clear:left;\">leased by Finnair, cabin refurbishment of the wide-body aircraft, and investments in aircraft maintenance. </span><span style=\"display:inherit;clear:left;\">Currency hedging of aircraft acquisitions is described in the notes 3.5 Management of financial risks and 3.8 </span><span style=\"display:inherit;clear:left;\">Derivatives.</span><span style=\"display:inherit;clear:left;\">Fleet 2022</span><span style=\"display:inherit;clear:left;\">Other fixed assets 2023</span><span style=\"display:inherit;clear:left;\">In addition to the aircraft rotable parts included in the other fixed assets, Finnair\u2019s inventories include non-</span><span style=\"display:inherit;clear:left;\">rotable aircraft parts amounting to 26.7 million euro (24.4). </span><span style=\"display:inherit;clear:left;\">Other fixed assets 2022</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2db\"> </span><span class=\"ws0\">Aircraft<span class=\"_ _13c\"> </span>Advances<span class=\"_ _c5\"> </span>Total</span></span><span style=\"display:inherit;clear:left;\">Acquisition cost 1 Jan 2023<span class=\"_ _2dc\"> </span><span class=\"ws0\">1,828.1<span class=\"_ _47\"> </span>111.2<span class=\"_ _138\"> </span>1,939.3</span></span><span style=\"display:inherit;clear:left;\">Additions<span class=\"_ _2dd\"> </span>348.0<span class=\"_ _10c\"> </span>49.6<span class=\"_ _5a\"> </span>397.7</span><span style=\"display:inherit;clear:left;\">Disposals<span class=\"_ _2de\"> </span>-44.6<span class=\"_ _22\"> </span>-<span class=\"_ _39\"> </span>-44.6</span><span style=\"display:inherit;clear:left;\">Currency hedging of aircraft acquisitions<span class=\"_ _2df\"> </span><span class=\"ws0\">-<span class=\"_ _fd\"> </span>-10.2<span class=\"_ _fd\"> </span>-10.2</span></span><span style=\"display:inherit;clear:left;\">Reclassifications<span class=\"_ _16b\"> </span>-34.7<span class=\"_ _39\"> </span>-54.8<span class=\"_ _39\"> </span>-89.5</span><span style=\"display:inherit;clear:left;\">Acquisition cost 31 Dec 2023<span class=\"_ _2e0\"> </span><span class=\"ws0\">2,096.8<span class=\"_ _e1\"> </span>95.8<span class=\"_ _21a\"> </span>2,192.7</span></span><span style=\"display:inherit;clear:left;\">Accumulated depreciation and impairment 1 Jan 2023<span class=\"_ _2b4\"> </span><span class=\"ws0\">-1,044.5<span class=\"_ _2e1\"> </span>-<span class=\"_ _b7\"> </span>-1,044.5</span></span><span style=\"display:inherit;clear:left;\">Disposals<span class=\"_ _27\"> </span>44.3<span class=\"_ _2e1\"> </span>-<span class=\"_ _47\"> </span>44.3</span><span style=\"display:inherit;clear:left;\">Depreciation for the financial year<span class=\"_ _27c\"> </span><span class=\"ws0\">-139.5<span class=\"_ _2e1\"> </span>-<span class=\"_ _57\"> </span>-139.5</span></span><span style=\"display:inherit;clear:left;\">Accumulated depreciation and impairment 31 Dec 2023<span class=\"_ _3e\"> </span><span class=\"ws0\">-1,139.7<span class=\"_ _22\"> </span><span class=\"ff3\">-<span class=\"_ _104\"> </span></span>-1,139.7</span></span><span style=\"display:inherit;clear:left;\">Book value 31 Dec 2023<span class=\"_ _2e2\"> </span><span class=\"ws0\">957.2<span class=\"_ _e1\"> </span>95.8<span class=\"_ _87\"> </span>1,053.0</span></span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2db\"> </span><span class=\"ws0\">Aircraft<span class=\"_ _13c\"> </span>Advances<span class=\"_ _c5\"> </span>Total</span></span><span style=\"display:inherit;clear:left;\">Acquisition cost 1 Jan 2022<span class=\"_ _4e\"> </span><span class=\"ws0\">1,749.4<span class=\"_ _e6\"> </span>127.7<span class=\"_ _b5\"> </span>1,877.1</span></span><span style=\"display:inherit;clear:left;\">Additions<span class=\"_ _2e3\"> </span>69.1<span class=\"_ _2d1\"> </span>12.2<span class=\"_ _10b\"> </span>81.2</span><span style=\"display:inherit;clear:left;\">Disposals<span class=\"_ _2e4\"> </span>-39.5<span class=\"_ _2e1\"> </span>-<span class=\"_ _10a\"> </span>-39.5</span><span style=\"display:inherit;clear:left;\">Currency hedging of aircraft acquisitions<span class=\"_ _2df\"> </span><span class=\"ws0\">-<span class=\"_ _10c\"> </span>20.4<span class=\"_ _42\"> </span>20.4</span></span><span style=\"display:inherit;clear:left;\">Reclassifications<span class=\"_ _2e5\"> </span>49.2<span class=\"_ _39\"> </span>-49.2<span class=\"_ _e5\"> </span>-</span><span style=\"display:inherit;clear:left;\">Acquisition cost 31 Dec 2022<span class=\"_ _1a0\"> </span><span class=\"ws0\">1,828.1<span class=\"_ _10d\"> </span>111.2<span class=\"_ _fa\"> </span>1,939.3</span></span><span style=\"display:inherit;clear:left;\">Accumulated depreciation and impairment 1 Jan 2022<span class=\"_ _2a4\"> </span><span class=\"ws0\">-930.8<span class=\"_ _22\"> </span>-<span class=\"_ _66\"> </span>-930.8</span></span><span style=\"display:inherit;clear:left;\">Disposals<span class=\"_ _27\"> </span>39.5<span class=\"_ _22\"> </span>-<span class=\"_ _47\"> </span>39.5</span><span style=\"display:inherit;clear:left;\">Reclassifications<span class=\"_ _2e6\"> </span>0.4<span class=\"_ _2e1\"> </span>-<span class=\"_ _51\"> </span>0.4</span><span style=\"display:inherit;clear:left;\">Depreciation for the financial year<span class=\"_ _2d9\"> </span><span class=\"ws0\">-120.9<span class=\"_ _2e1\"> </span>-<span class=\"_ _58\"> </span>-120.9</span></span><span style=\"display:inherit;clear:left;\">Impairment for the financial year <span class=\"_ _2e7\"> </span><span class=\"ws0\">-32.7<span class=\"_ _2e1\"> </span>-<span class=\"_ _e6\"> </span>-32.7</span></span><span style=\"display:inherit;clear:left;\">Accumulated depreciation and impairment 31 Dec 2022<span class=\"_ _94\"> </span><span class=\"ws0\">-1,044.5<span class=\"_ _22\"> </span><span class=\"ff3\">-<span class=\"_ _103\"> </span></span>-1,044.5</span></span><span style=\"display:inherit;clear:left;\">Book value 31 Dec 2022<span class=\"_ _2e2\"> </span><span class=\"ws0\">783.6<span class=\"_ _e1\"> </span>111.2<span class=\"_ _58\"> </span>894.8</span></span><span style=\"display:inherit;clear:left;\">Aircraft </span><span style=\"display:inherit;clear:left;\">rotable </span><span style=\"display:inherit;clear:left;\">Buildings </span><span style=\"display:inherit;clear:left;\">Other </span><span style=\"display:inherit;clear:left;\">Intangible </span><span style=\"display:inherit;clear:left;\">EUR mill.</span><span style=\"display:inherit;clear:left;\">parts</span><span style=\"display:inherit;clear:left;\">and land</span><span style=\"display:inherit;clear:left;\">equipment</span><span style=\"display:inherit;clear:left;\">assets<span class=\"_ _2e8\"> </span>Advances<span class=\"_ _f9\"> </span>Total</span><span style=\"display:inherit;clear:left;\">Acquisition cost 1 Jan 2023<span class=\"_ _2cc\"> </span><span class=\"ws0\">35.3<span class=\"_ _b5\"> </span>74.5<span class=\"_ _11a\"> </span>122.5<span class=\"_ _c5\"> </span>40.7<span class=\"_ _bf\"> </span>0.4<span class=\"_ _fa\"> </span>273.4</span></span><span style=\"display:inherit;clear:left;\">Additions<span class=\"_ _2e9\"> </span>3.6<span class=\"_ _f3\"> </span>-<span class=\"_ _fc\"> </span>2.5<span class=\"_ _2ea\"> </span>0.3<span class=\"_ _39\"> </span>0.8<span class=\"_ _fd\"> </span>7.3</span><span style=\"display:inherit;clear:left;\">Disposals<span class=\"_ _2eb\"> </span>-1.7<span class=\"_ _f3\"> </span>-<span class=\"_ _58\"> </span>-0.6<span class=\"_ _59\"> </span>-9.0<span class=\"_ _f3\"> </span>-<span class=\"_ _22a\"> </span>-11.3</span><span style=\"display:inherit;clear:left;\">Reclassifications<span class=\"_ _119\"> </span>-<span class=\"_ _f3\"> </span>-<span class=\"_ _e1\"> </span>0.1<span class=\"_ _e1\"> </span>0.1<span class=\"_ _eb\"> </span>-0.1<span class=\"_ _5a\"> </span>0,0</span><span style=\"display:inherit;clear:left;\">Acquisition cost <span class=\"ws0\"> </span></span><span style=\"display:inherit;clear:left;\">31 Dec 2023<span class=\"_ _25a\"> </span><span class=\"ws0\">37.2<span class=\"_ _e8\"> </span>74.5<span class=\"_ _77\"> </span>124.5<span class=\"_ _189\"> </span>32.0<span class=\"_ _2ec\"> </span>1.0<span class=\"_ _b7\"> </span>269.3</span></span><span style=\"display:inherit;clear:left;\">Accumulated depreciation </span><span style=\"display:inherit;clear:left;\">and impairment 1 Jan 2023<span class=\"_ _47\"> </span><span class=\"ws0\">-22.3<span class=\"_ _20d\"> </span>-12.7<span class=\"_ _21a\"> </span>-50.5<span class=\"_ _b6\"> </span>-37.7<span class=\"_ _f3\"> </span>-<span class=\"_ _129\"> </span>-123.3</span></span><span style=\"display:inherit;clear:left;\">Disposals<span class=\"_ _e4\"> </span>1.4<span class=\"_ _50\"> </span>-<span class=\"_ _bf\"> </span>0.6<span class=\"_ _39\"> </span>9.0<span class=\"_ _f3\"> </span>-<span class=\"_ _e9\"> </span>11.0</span><span style=\"display:inherit;clear:left;\">Depreciation for the </span><span style=\"display:inherit;clear:left;\">financial year<span class=\"_ _32\"> </span><span class=\"ws0\">-3.1<span class=\"_ _eb\"> </span>-1.8<span class=\"_ _f7\"> </span>-9.4<span class=\"_ _eb\"> </span>-1.0<span class=\"_ _f3\"> </span>-<span class=\"_ _66\"> </span>-15.3</span></span><span style=\"display:inherit;clear:left;\">Accumulated depreciation </span><span style=\"display:inherit;clear:left;\">and impairment <span class=\"ws0\"> </span></span><span style=\"display:inherit;clear:left;\">31 Dec 2023<span class=\"_ _32\"> </span><span class=\"ws0\">-24.1<span class=\"_ _11a\"> </span>-14.5<span class=\"_ _fb\"> </span>-59.3<span class=\"_ _c0\"> </span>-29.7<span class=\"_ _50\"> </span>-<span class=\"_ _b9\"> </span>-127.5</span></span><span style=\"display:inherit;clear:left;\">Book value 31 Dec 2023<span class=\"_ _9b\"> </span><span class=\"ws0\">13.2<span class=\"_ _c5\"> </span>60.1<span class=\"_ _e8\"> </span>65.2<span class=\"_ _bf\"> </span>2.3<span class=\"_ _fc\"> </span>1.0<span class=\"_ _124\"> </span>141.8</span></span><span style=\"display:inherit;clear:left;\">Aircraft </span><span style=\"display:inherit;clear:left;\">rotable </span><span style=\"display:inherit;clear:left;\">Buildings </span><span style=\"display:inherit;clear:left;\">Other </span><span style=\"display:inherit;clear:left;\">Intangible </span><span style=\"display:inherit;clear:left;\">EUR mill.</span><span style=\"display:inherit;clear:left;\">parts</span><span style=\"display:inherit;clear:left;\">and land</span><span style=\"display:inherit;clear:left;\">equipment</span><span style=\"display:inherit;clear:left;\">assets<span class=\"_ _2e8\"> </span>Advances<span class=\"_ _f9\"> </span>Total</span><span style=\"display:inherit;clear:left;\">Acquisition cost 1 Jan 2022<span class=\"_ _4b\"> </span><span class=\"ws0\">34.2<span class=\"_ _22a\"> </span>74.5<span class=\"_ _b6\"> </span>119.5<span class=\"_ _b5\"> </span>47.8<span class=\"_ _39\"> </span>0.8<span class=\"_ _c0\"> </span>276.7</span></span><span style=\"display:inherit;clear:left;\">Additions<span class=\"_ _2d3\"> </span>2.3<span class=\"_ _f3\"> </span>-<span class=\"_ _2ea\"> </span>4.4<span class=\"_ _2ea\"> </span>0.2<span class=\"_ _bf\"> </span>0.4<span class=\"_ _fd\"> </span>7.2</span><span style=\"display:inherit;clear:left;\">Disposals<span class=\"_ _2d3\"> </span>-1.1<span class=\"_ _f3\"> </span>-<span class=\"_ _46\"> </span>-1.4<span class=\"_ _232\"> </span>-7.9<span class=\"_ _f3\"> </span>-<span class=\"_ _b6\"> </span>-10.5</span><span style=\"display:inherit;clear:left;\">Reclassifications<span class=\"_ _119\"> </span>-<span class=\"_ _f3\"> </span>-<span class=\"_ _e1\"> </span>0.1<span class=\"_ _39\"> </span>0.6<span class=\"_ _59\"> </span>-0.8<span class=\"_ _f3\"> </span>-</span><span style=\"display:inherit;clear:left;\">Transfers to/from assets held </span><span style=\"display:inherit;clear:left;\">for sale<span class=\"_ _2ed\"> </span><span class=\"ws0\">-<span class=\"_ _f3\"> </span>-<span class=\"_ _e1\"> </span>0.1<span class=\"_ _f3\"> </span>-<span class=\"_ _f3\"> </span>-<span class=\"_ _5a\"> </span>0,0</span></span><span style=\"display:inherit;clear:left;\">Acquisition cost <span class=\"ws0\"> </span></span><span style=\"display:inherit;clear:left;\">31 Dec 2022<span class=\"_ _2ee\"> </span><span class=\"ws0\">35.3<span class=\"_ _e8\"> </span>74.5<span class=\"_ _fb\"> </span>122.5<span class=\"_ _189\"> </span>40.7<span class=\"_ _46\"> </span>0.4<span class=\"_ _129\"> </span>273.4</span></span><span style=\"display:inherit;clear:left;\">Accumulated depreciation </span><span style=\"display:inherit;clear:left;\">and impairment 1 Jan 2022<span class=\"_ _41\"> </span><span class=\"ws0\">-19.2<span class=\"_ _c4\"> </span>-10.8<span class=\"_ _189\"> </span>-41.9<span class=\"_ _124\"> </span>-42.5<span class=\"_ _f3\"> </span>-<span class=\"_ _77\"> </span>-114.4</span></span><span style=\"display:inherit;clear:left;\">Disposals<span class=\"_ _265\"> </span>1.0<span class=\"_ _f3\"> </span>-<span class=\"_ _39\"> </span>0.9<span class=\"_ _2ec\"> </span>7.9<span class=\"_ _f3\"> </span>-<span class=\"_ _2ea\"> </span>9.8</span><span style=\"display:inherit;clear:left;\">Transfer to/from assets held </span><span style=\"display:inherit;clear:left;\">for sale<span class=\"_ _2ef\"> </span><span class=\"ws0\">0.3<span class=\"_ _f3\"> </span>-<span class=\"_ _f3\"> </span>-<span class=\"_ _50\"> </span>-<span class=\"_ _f3\"> </span>-<span class=\"_ _2ea\"> </span>0.3</span></span><span style=\"display:inherit;clear:left;\">Depreciation for the </span><span style=\"display:inherit;clear:left;\">financial year<span class=\"_ _119\"> </span><span class=\"ws0\">-4.5<span class=\"_ _149\"> </span>-1.8<span class=\"_ _f7\"> </span>-9.5<span class=\"_ _5a\"> </span>-3.1<span class=\"_ _f3\"> </span>-<span class=\"_ _189\"> </span>-18.9</span></span><span style=\"display:inherit;clear:left;\">Accumulated depreciation </span><span style=\"display:inherit;clear:left;\">and impairment <span class=\"ws0\"> </span></span><span style=\"display:inherit;clear:left;\">31 Dec 2022<span class=\"_ _69\"> </span><span class=\"ws0\">-22.3<span class=\"_ _c4\"> </span>-12.7<span class=\"_ _77\"> </span>-50.5<span class=\"_ _124\"> </span>-37.7<span class=\"_ _2ae\"> </span>-<span class=\"_ _b9\"> </span>-123.3</span></span><span style=\"display:inherit;clear:left;\">Book value 31 Dec 2022<span class=\"_ _2b\"> </span><span class=\"ws0\">12.9<span class=\"_ _22a\"> </span>61.8<span class=\"_ _66\"> </span>72.0<span class=\"_ _5a\"> </span>3.0<span class=\"_ _eb\"> </span>0.4<span class=\"_ _21a\"> </span>150.1</span></span><span style=\"display:inherit;clear:left;\">Capitalised borrowing costs</span><span style=\"display:inherit;clear:left;\">In 2023 borrowing costs of 2.9 million euro (1.8) were capitalised in tangible assets related to the Airbus A350 </span><span style=\"display:inherit;clear:left;\">investment program. Finnair uses the effective interest rate to calculate the capitalised borrowing costs, that </span><span style=\"display:inherit;clear:left;\">represents the costs of the loans used to finance the investment. The average yearly interest rate in 2023 was </span><span style=\"display:inherit;clear:left;\">5.1% (4.2%). The general borrowings used to fund the acquisition of capital assets are included in the calculation </span><span style=\"display:inherit;clear:left;\">of the capitalisation rate. </span><span style=\"display:inherit;clear:left;\">Assets and liabilities held for sale</span><span style=\"display:inherit;clear:left;\">Finnair had no assets classified as held for sale at the end of the financial year 2023. </span><span style=\"display:inherit;clear:left;\">Pledged assets and other restrictions on fixed assets</span><span style=\"display:inherit;clear:left;\">Finnair does not have fixed assets pledged as a security for bank loans. Fleet assets include three A350 aircraft </span><span style=\"display:inherit;clear:left;\">financed with JOLCO-loans and one A350 aircraft where the legal title is transferred to Finnair after loans are </span><span style=\"display:inherit;clear:left;\">repaid. More details on these arrangements are presented in the note 3.3. Financial liabilities. </span><span style=\"display:inherit;clear:left;\">Investment commitments</span><span style=\"display:inherit;clear:left;\">Investment commitments as at the end of the year totalled 313.7 million euro (366.1) and it includes firm aircraft </span><span style=\"display:inherit;clear:left;\">orders, other aircraft related investments as well as committed maintenance investments. Out of the total </span><span style=\"display:inherit;clear:left;\">investment commitments 175.6 million euro is expected to take place within the next 12 months and 138.1 million </span><span style=\"display:inherit;clear:left;\">euro during the following 1-5 years. The amount of the total commitments fluctuates between the order and the </span><span style=\"display:inherit;clear:left;\">delivery date of the aircraft mainly due to EUR/USD exchange rate changes and escalation clauses included in </span><span style=\"display:inherit;clear:left;\">airline purchase agreements. The exact amount of the commitments in relation to each aircraft is only known at </span><span style=\"display:inherit;clear:left;\">the time of the delivery.</span><span style=\"display:inherit;clear:left;\">At the commencement date of a lease, Finnair recognises both a right-of-use asset and a lease liability.</span><span style=\"display:inherit;clear:left;\">The lease liability is the present value of future lease payments. At Finnair, lease payments for aircraft leases typically </span><span style=\"display:inherit;clear:left;\">contain variable payments that depend on interest rates and indices. The variable payments are included in the </span><span style=\"display:inherit;clear:left;\">measurement of the lease liability from the commencement date of the lease. </span><span style=\"display:inherit;clear:left;\">The right-of-use asset is measured at cost, comprising </span><span style=\"display:inherit;clear:left;\">the amount of the initial measurement of the lease liability;</span><span style=\"display:inherit;clear:left;\">any lease payments made at or before the commencement date, less any incentives received;</span><span style=\"display:inherit;clear:left;\">any initial direct costs incurred by Finnair; and </span><span style=\"display:inherit;clear:left;\">an estimate of costs to be incurred by Finnair in restoring the assets to the condition required by the terms and </span><span style=\"display:inherit;clear:left;\">conditions of the lease.</span><span style=\"display:inherit;clear:left;\">In most cases, Finnair is obliged to return leased aircraft and their engines according to the redelivery condition set </span><span style=\"display:inherit;clear:left;\">in the lease agreement. If at the time of redelivery, the condition of the aircraft and its engines differs from the agreed </span><span style=\"display:inherit;clear:left;\">redelivery condition, Finnair needs to either maintain the aircraft so that it meets the agreed redelivery condition or </span><span style=\"display:inherit;clear:left;\">settle the difference in cash to the lessor. </span><span style=\"display:inherit;clear:left;\">The maintenance costs can be divided into two main groups: </span><span style=\"display:inherit;clear:left;\">1) costs that are incurred independent of the usage of the aircraft / leasing period and </span><span style=\"display:inherit;clear:left;\">2) costs that are incurred dependent on the usage of the aircraft / leasing period </span><span style=\"display:inherit;clear:left;\">The final check and painting required at redelivery are considered unavoidable maintenance costs that realise </span><span style=\"display:inherit;clear:left;\">when the aircraft is redelivered to the lessor, irrespective of the time or flight hours. The counterpart of the provision is </span><span style=\"display:inherit;clear:left;\">recorded in the book value of the right-of-use asset at the commencement of the lease. </span><span style=\"display:inherit;clear:left;\">Respectively, costs depending on the usage of the aircraft are not considered as part of the right-of-use asset cost.</span><span style=\"display:inherit;clear:left;\">Finnair remeasures the lease liability when there is a lease modification that changes the scope of a lease or the </span><span style=\"display:inherit;clear:left;\">consideration for the lease, that was not part of the original terms and conditions of the lease (including changes in </span><span style=\"display:inherit;clear:left;\">lease payments resulting from a change in indices and rates used in variable aircraft lease payments) or when the </span><span style=\"display:inherit;clear:left;\">the likehood of Finnair using a purchase-option is changed. The amount of the remeasurement of the lease liability </span><span style=\"display:inherit;clear:left;\">is generally recognised as an adjustment to the right-of-use asset. However, if the carrying amount of the right-of-</span><span style=\"display:inherit;clear:left;\">use asset is reduced to zero and there is a further reduction in the measurement of the lease liability, the remaining </span><span style=\"display:inherit;clear:left;\">measurement is recognised in profit or loss.</span><span style=\"display:inherit;clear:left;\">After initial recognition, right-of-use assets are measured at cost less any accumulated depreciations and accumulated </span><span style=\"display:inherit;clear:left;\">impairment losses. The assets are depreciated with a straight-line method from the commencement date to the shorter </span><span style=\"display:inherit;clear:left;\">of end of useful life of the right-of-use asset and the end of lease term. However, if the lease transfers ownership of the </span><span style=\"display:inherit;clear:left;\">asset to Finnair by the end of lease term or if the cost of the right-of-use asset reflects that Finnair will exercise a purchase </span><span style=\"display:inherit;clear:left;\">option, the right-of-use asset is depreciated from the commencement date to the end of useful life of the asset.</span><span style=\"display:inherit;clear:left;\">At Finnair aircraft lease contracts contain the interest rate implicit in the lease, even if the aircraft lease agreements </span><span style=\"display:inherit;clear:left;\">do not clearly define the interest rate implicit in the lease. Since the fair values of the aircraft are provided publicly </span><span style=\"display:inherit;clear:left;\">by third parties, Finnair is able to calculate the implicit interest rate for each qualifying aircraft operating lease. The </span><span style=\"display:inherit;clear:left;\">rate implicit in the lease is defined as the rate that causes the sum of the present value of the lease payments and the </span><span style=\"display:inherit;clear:left;\">present value of the unguaranteed residual value of the underlying asset at the end of the lease to equal the sum of </span><span style=\"display:inherit;clear:left;\">the fair value of the underlying asset and any initial direct costs of the lessor. The implicit interest rate is determined by </span><span style=\"display:inherit;clear:left;\">each aircraft lease contract separately.</span><span style=\"display:inherit;clear:left;\">For other lease contracts, an implicit interest rate cannot be usually determined. The incremental borrowing rate is </span><span style=\"display:inherit;clear:left;\">therefore used and it is determined by each class of assets separately, based on management estimate. </span><span style=\"display:inherit;clear:left;\">Aircraft lease contracts are usually denominated in foreign currency (US dollars) and the foreign currency lease </span><span style=\"display:inherit;clear:left;\">liabilities are revalued at each balance sheet date to the spot rate. The lease payments (lease payments made) are </span><span style=\"display:inherit;clear:left;\">accounted for as repayments of the lease liability and as interest expense.</span><span style=\"display:inherit;clear:left;\">The Group as lessor</span><span style=\"display:inherit;clear:left;\">Agreements, where the Group is the lessor, are accounted for as operating leases, when a substantial part of the risks </span><span style=\"display:inherit;clear:left;\">and rewards of ownership are not transferred to the lessee. The assets leased under operating lease are included </span><span style=\"display:inherit;clear:left;\">in the tangible assets and they are depreciated during their useful life. Depreciation is calculated using the same </span><span style=\"display:inherit;clear:left;\">principles as the tangible assets for own use. Under the provisions of certain aircraft lease agreements, the lessee </span><span style=\"display:inherit;clear:left;\">is required to pay periodic maintenance reserves which accumulate funds for aircraft maintenance. Advances </span><span style=\"display:inherit;clear:left;\">received for maintenance are recognised as liability, which is charged, when maintenance is done. The rents for </span><span style=\"display:inherit;clear:left;\">premises and aircraft are recognised in the income statement as other operating income over the lease term.</span><span style=\"display:inherit;clear:left;\">Agreements, where the Group is the lessor, are accounted for as finance leases, when a substantial part of the risks </span><span style=\"display:inherit;clear:left;\">and rewards of ownership are transferred to the lessee. Finnair recognises assets held under a finance lease in its </span><span style=\"display:inherit;clear:left;\">balance sheet and presents them as a receivable at an amount equal to the net investment of the lease which is equal </span><span style=\"display:inherit;clear:left;\">to the sum of the present values  <span class=\"_ _0\"></span> <span class=\"_ _0\"></span>of the lease income it will receive in the future and the unguaranteed residual value.</span><span style=\"display:inherit;clear:left;\">Finnair subleases aircraft and buildings as well as ground equipment from time to time,  which are classified either as </span><span style=\"display:inherit;clear:left;\">finance leases or operating leases based on the individual contract terms. A lease is classified on its commencement </span><span style=\"display:inherit;clear:left;\">2.2 Leasing arrangements</span><span style=\"display:inherit;clear:left;\">  The Group as lessee </span><span style=\"display:inherit;clear:left;\">Finnair assesses whether a contract that relates to tangible assets is, or contains, a lease in accordance with the IFRS </span><span style=\"display:inherit;clear:left;\">16. Lease agreements for tangible assets, where the contract conveys the right to use an identified asset for a period </span><span style=\"display:inherit;clear:left;\">of time in exchange for consideration, are classified as leases.</span><span style=\"display:inherit;clear:left;\">The lease term is the non-cancellable period for which a lessee has the right to use an underlying asset, together </span><span style=\"display:inherit;clear:left;\">with both periods covered by an option to extend the lease if Finnair is reasonably certain to exercise that option; and </span><span style=\"display:inherit;clear:left;\">periods covered by an option to terminate the lease if Finnair is reasonably certain not to exercise the option.</span><span style=\"display:inherit;clear:left;\">The lease recognition requirements are not applied to short-term leases, where at the commencement date, the </span><span style=\"display:inherit;clear:left;\">lease term is 12 months or less and does not contain a purchase option. Finnair considers the lease period to be the </span><span style=\"display:inherit;clear:left;\">period that is enforceable. Hence, for contracts where the contract term is non-fixed and Finnair has the right to </span><span style=\"display:inherit;clear:left;\">terminate the contract without the permission from the other party with no more than an insignificant penalty and </span><span style=\"display:inherit;clear:left;\">there are no other indications that the contract is enforceable, Finnair classifies these contracts as short-term. The </span><span style=\"display:inherit;clear:left;\">lease recognition requirements are also not applied to leases that are not material to Finnair.</span><span style=\"display:inherit;clear:left;\">For short-term leases and immaterial leases to which these exemptions are applied, the lease payments are </span><span style=\"display:inherit;clear:left;\">recognised as an expense on either a straight-line basis over the lease term, or on another systematic basis if that </span><span style=\"display:inherit;clear:left;\">basis is more representative of the pattern of Finnair\u2019s benefit.</span><span style=\"display:inherit;clear:left;\">Aircraft<span class=\"_ _4d\"> </span>Advances<span class=\"_ _95\"> </span>Total</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2f0\"> </span><span class=\"ws0\">2023<span class=\"_ _b7\"> </span>2022<span class=\"_ _b7\"> </span>2023<span class=\"_ _b7\"> </span>2022<span class=\"_ _b7\"> </span>2023<span class=\"_ _b7\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Book value 1 Jan<span class=\"_ _191\"> </span><span class=\"ws0\">8.3<span class=\"_ _bf\"> </span>8.8<span class=\"_ _fc\"> </span>4.5<span class=\"_ _e6\"> </span>2.7<span class=\"_ _f1\"> </span>12.8<span class=\"_ _46\"> </span>11.5</span></span><span style=\"display:inherit;clear:left;\">Additions<span class=\"_ _15c\"> </span>-<span class=\"_ _50\"> </span>-<span class=\"_ _fc\"> </span>2.9<span class=\"_ _10d\"> </span>1.8<span class=\"_ _fc\"> </span>2.9<span class=\"_ _10d\"> </span>1.8</span><span style=\"display:inherit;clear:left;\">Depreciation<span class=\"_ _32\"> </span>-0.5<span class=\"_ _59\"> </span>-0.5<span class=\"_ _f3\"> </span>-<span class=\"_ _f3\"> </span>-<span class=\"_ _59\"> </span>-0.5<span class=\"_ _57\"> </span>-0.5</span><span style=\"display:inherit;clear:left;\">Book value 31 Dec<span class=\"_ _127\"> </span><span class=\"ws0\">7.8<span class=\"_ _bf\"> </span>8.3<span class=\"_ _bf\"> </span>7.4<span class=\"_ _5a\"> </span>4.5<span class=\"_ _58\"> </span>15.3<span class=\"_ _22a\"> </span>12.8</span></span><span style=\"display:inherit;clear:left;\">date and is reassessed only if the lease is amended. At the commencement date, for the subleases, a net investment </span><span style=\"display:inherit;clear:left;\">(lease receivable), equaling to the present value of lease payments and the present value of the unguaranteed </span><span style=\"display:inherit;clear:left;\">residual value, is recognised. The proportion of the right-of-use asset subleased is derecognised from the balance </span><span style=\"display:inherit;clear:left;\">sheet and the difference between the right-of-use asset and the net investment is recognised in the profit or loss, in </span><span style=\"display:inherit;clear:left;\">other operating income and expenses. Subsequently, the lease payments received are accounted for as repayments </span><span style=\"display:inherit;clear:left;\">of the lease receivable and as interest income. </span><span style=\"display:inherit;clear:left;\">Sale and leaseback </span><span style=\"display:inherit;clear:left;\">In sale and leaseback transactions, where Finnair sells and then leases back aircraft, Finnair measures the right-of-</span><span style=\"display:inherit;clear:left;\">use asset arising from the leaseback at the proportion of the previous carrying amount of the asset that relates to the </span><span style=\"display:inherit;clear:left;\">right-of-use retained by the Group. Accordingly, Finnair recognises only the amount of any gain or loss that relates to </span><span style=\"display:inherit;clear:left;\">the rights transferred to the buyer-lessor.  <span class=\"_ _2f1\"> </span> </span><span style=\"display:inherit;clear:left;\">Leasing arrangements </span><span style=\"display:inherit;clear:left;\">Determining the interest rate and lease term used in discounting the lease payments, estimating the redelivery </span><span style=\"display:inherit;clear:left;\">obligations of aircraft leases and the classification of sublease agreements to operating and financial leases require </span><span style=\"display:inherit;clear:left;\">management discretion in interpretation and application of accounting standards. </span><span style=\"display:inherit;clear:left;\">The carrying value of the right-of-use assets are tested for impairment as part of cash generating unit at the balance </span><span style=\"display:inherit;clear:left;\">sheet date. More details is presented in the note 2.3.</span><span style=\"display:inherit;clear:left;\">Right-of-use assets 2023</span><span style=\"display:inherit;clear:left;\">Reassesments and modifications are mainly related to index changes in existing lease contracts and changes </span><span style=\"display:inherit;clear:left;\">of office and parking space contracts. Disposals are related to purchase of two leased A320 and seven leased </span><span style=\"display:inherit;clear:left;\">A321 aircraft, for which the leasing contracts were terminated in connection with the acquisition.</span><span style=\"display:inherit;clear:left;\">Lease liabilities</span><span style=\"display:inherit;clear:left;\">The Group leases aircraft, premises and other fixed assets, for which the lease liability is recorded on the </span><span style=\"display:inherit;clear:left;\">balance sheet. The lease agreements have different terms of renewal and include index-linked terms and </span><span style=\"display:inherit;clear:left;\">conditions. The Group was operating 33 leased aircraft at the end of the year with lease agreements of different</span><span style=\"display:inherit;clear:left;\">tenors.</span><span style=\"display:inherit;clear:left;\">Finance lease receivables, Group as lessor</span><span style=\"display:inherit;clear:left;\">During the period the Group had finance lease receivable related to the buildings and land area located in the </span><span style=\"display:inherit;clear:left;\">airport area. </span><span style=\"display:inherit;clear:left;\">Leasing arrangements in profit and loss</span><span style=\"display:inherit;clear:left;\">Operating expenses include costs related to short-term and capacity based rental agreements, that are not </span><span style=\"display:inherit;clear:left;\">material for the Group or do not contain a lease according to IFRS 16, and are therefore not recognised in the </span><span style=\"display:inherit;clear:left;\">balance sheet. In the income statement, the short-term wet leases and variable purchase traffic and cargo </span><span style=\"display:inherit;clear:left;\">capacity rents are included in capacity rents and the short-term office rents are included in property, IT and </span><span style=\"display:inherit;clear:left;\">other expenses. Gains related to sale and leaseback transactions are recorded in other operating income in </span><span style=\"display:inherit;clear:left;\">profit and loss. Total cash outflow relating to leases was -376.3 million euro (-376.7).</span><span style=\"display:inherit;clear:left;\">Buildings <span class=\"_ _8\"></span> </span><span style=\"display:inherit;clear:left;\">Other </span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _27c\"> </span><span class=\"ws0\">Aircraft</span></span><span style=\"display:inherit;clear:left;\">and land</span><span style=\"display:inherit;clear:left;\">equipment<span class=\"_ _10c\"> </span>Total</span><span style=\"display:inherit;clear:left;\">Book value 1 Jan 2023<span class=\"_ _260\"> </span><span class=\"ws0\">932.9<span class=\"_ _b0\"> </span>114<span class=\"_ _4a\"> </span>31.4<span class=\"_ _226\"> </span>1,078.20</span></span><span style=\"display:inherit;clear:left;\">New contracts<span class=\"_ _2f2\"> </span><span class=\"ws0\">0.2<span class=\"_ _152\"> </span>18.6<span class=\"_ _1e1\"> </span>5.5<span class=\"_ _168\"> </span>24.3</span></span><span style=\"display:inherit;clear:left;\">Reassessments and modifications<span class=\"_ _266\"> </span><span class=\"ws0\">45.0<span class=\"_ _4f\"> </span>9.0<span class=\"_ _4a\"> </span>-3.5<span class=\"_ _108\"> </span>50.5</span></span><span style=\"display:inherit;clear:left;\">Disposals<span class=\"_ _a3\"> </span>-46.2<span class=\"_ _8e\"> </span>-<span class=\"_ _26\"> </span>-<span class=\"_ _56\"> </span>-46.2</span><span style=\"display:inherit;clear:left;\">Depreciation for the financial year<span class=\"_ _250\"> </span><span class=\"ws0\">-156.9<span class=\"_ _168\"> </span>-13.1<span class=\"_ _2f3\"> </span>-7.7<span class=\"_ _10b\"> </span>-177.8</span></span><span style=\"display:inherit;clear:left;\">Impairment<span class=\"_ _2f4\"> </span>-<span class=\"_ _d2\"> </span>-13.7<span class=\"_ _8e\"> </span>-<span class=\"_ _108\"> </span>-13.7</span><span style=\"display:inherit;clear:left;\">Book value 31 Dec 2023<span class=\"_ _13d\"> </span><span class=\"ws0\">775.0<span class=\"_ _295\"> </span>114.8<span class=\"_ _d2\"> </span>25.6<span class=\"_ _d4\"> </span>915.3</span></span><span style=\"display:inherit;clear:left;\">Buildings <span class=\"_ _8\"></span> </span><span style=\"display:inherit;clear:left;\">Other </span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _27c\"> </span><span class=\"ws0\">Aircraft</span></span><span style=\"display:inherit;clear:left;\">and land</span><span style=\"display:inherit;clear:left;\">equipment<span class=\"_ _10c\"> </span>Total</span><span style=\"display:inherit;clear:left;\">Book value 1 Jan 2022<span class=\"_ _2f5\"> </span><span class=\"ws0\">1,025.3<span class=\"_ _182\"> </span>123.0<span class=\"_ _168\"> </span>33.4<span class=\"_ _30\"> </span>1,181.7</span></span><span style=\"display:inherit;clear:left;\">Additions<span class=\"_ _2f6\"> </span>0.0<span class=\"_ _cf\"> </span>0.5<span class=\"_ _4f\"> </span>9.0<span class=\"_ _b0\"> </span>9.5</span><span style=\"display:inherit;clear:left;\">Changes in contracts<span class=\"_ _2f7\"> </span><span class=\"ws0\">63.5<span class=\"_ _b0\"> </span>3.8<span class=\"_ _24e\"> </span>-3.0<span class=\"_ _109\"> </span>64.3</span></span><span style=\"display:inherit;clear:left;\">Depreciation for the financial year<span class=\"_ _ee\"> </span><span class=\"ws0\">-156.0<span class=\"_ _f3\"> </span>-13.3<span class=\"_ _4c\"> </span>-8.0<span class=\"_ _3b\"> </span>-177.3</span></span><span style=\"display:inherit;clear:left;\">Book value 31 Dec 2022<span class=\"_ _2f8\"> </span><span class=\"ws0\">932.9<span class=\"_ _297\"> </span>114.0<span class=\"_ _168\"> </span>31.4<span class=\"_ _e9\"> </span>1,078.2</span></span><span style=\"display:inherit;clear:left;\">Aircraft<span class=\"_ _108\"> </span><span class=\"wse5\">Buildings and land<span class=\"_ _103\"> </span>Other equipment</span></span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2f0\"> </span><span class=\"ws0\">2023<span class=\"_ _b7\"> </span>2022<span class=\"_ _b7\"> </span>2023<span class=\"_ _b7\"> </span>2022<span class=\"_ _b7\"> </span>2023<span class=\"_ _b7\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">less than one year<span class=\"_ _15a\"> </span><span class=\"ws0\">143.2<span class=\"_ _21a\"> </span>183.0<span class=\"_ _59\"> </span>14.8<span class=\"_ _232\"> </span>12.2<span class=\"_ _39\"> </span>6.0<span class=\"_ _2ec\"> </span>7.4</span></span><span style=\"display:inherit;clear:left;\">1\u20135 years<span class=\"_ _2f9\"> </span><span class=\"ws0\">464.8<span class=\"_ _6e\"> </span>605.5<span class=\"_ _f7\"> </span>51.5<span class=\"_ _46\"> </span>41.1<span class=\"_ _20d\"> </span>20.5<span class=\"_ _22a\"> </span>22.3</span></span><span style=\"display:inherit;clear:left;\">more than 5 years<span class=\"_ _15d\"> </span><span class=\"ws0\">332.3<span class=\"_ _fb\"> </span>375.9<span class=\"_ _57\"> </span>81.9<span class=\"_ _e8\"> </span>80.8<span class=\"_ _5a\"> </span>0.0<span class=\"_ _fc\"> </span>2.5</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _165\"> </span>940.3<span class=\"_ _82\"> </span>1,164.4<span class=\"_ _87\"> </span>148.2<span class=\"_ _124\"> </span>134.1<span class=\"_ _66\"> </span>26.6<span class=\"_ _e8\"> </span>32.2</span><span style=\"display:inherit;clear:left;\">Buildings and land</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">less than 12 months<span class=\"_ _2fa\"> </span><span class=\"ws0\">0.3<span class=\"_ _1cf\"> </span>0.3</span></span><span style=\"display:inherit;clear:left;\">13\u201324 months<span class=\"_ _2fb\"> </span><span class=\"ws0\">0.3<span class=\"_ _1cf\"> </span>0.3</span></span><span style=\"display:inherit;clear:left;\">25\u201336 months<span class=\"_ _2fc\"> </span><span class=\"ws0\">0.0<span class=\"_ _1cf\"> </span>0.3</span></span><span style=\"display:inherit;clear:left;\">37\u201348 months<span class=\"_ _1da\"> </span><span class=\"ws0\">0.0<span class=\"_ _182\"> </span>0.0</span></span><span style=\"display:inherit;clear:left;\">49\u201360 months<span class=\"_ _1cb\"> </span><span class=\"ws0\">0.0<span class=\"_ _295\"> </span>0.0</span></span><span style=\"display:inherit;clear:left;\">more than 60 months<span class=\"_ _2fd\"> </span><span class=\"ws0\">0.1<span class=\"_ _50\"> </span>0.1</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _296\"> </span>0.8<span class=\"_ _ed\"> </span>1.1</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Depreciation expense of right-of-use assets<span class=\"_ _2fe\"> </span><span class=\"ws0\">-177.8<span class=\"_ _232\"> </span>-177.3</span></span><span style=\"display:inherit;clear:left;\">Interest expense on lease liabilities<span class=\"_ _173\"> </span><span class=\"ws0\">-70.7<span class=\"_ _2ec\"> </span>-80.1</span></span><span style=\"display:inherit;clear:left;\">Interest income on sublease receivables<span class=\"_ _2ff\"> </span><span class=\"ws0\">0.0<span class=\"_ _50\"> </span>0.1</span></span><span style=\"display:inherit;clear:left;\">Exchange rate changes of lease liabilities<span class=\"_ _300\"> </span><span class=\"ws0\">37.0<span class=\"_ _10d\"> </span>-76.1</span></span><span style=\"display:inherit;clear:left;\">Hedging result of lease liabilities<span class=\"_ _29f\"> </span><span class=\"ws0\">-4.6<span class=\"_ _2c3\"> </span>19.1</span></span><span style=\"display:inherit;clear:left;\">Short-term wet leases<span class=\"_ _1c6\"> </span><span class=\"ws0\">-26.9<span class=\"_ _39\"> </span>-28.4</span></span><span style=\"display:inherit;clear:left;\">Short-term office rents<span class=\"_ _301\"> </span><span class=\"ws0\">-3.8<span class=\"_ _2d1\"> </span>-3.2</span></span><span style=\"display:inherit;clear:left;\">Variable purchase traffic and cargo capacity rents<span class=\"_ _302\"> </span><span class=\"ws0\">-80.3<span class=\"_ _39\"> </span>-74.0</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _303\"> </span>-327.1<span class=\"_ _66\"> </span>-419.9</span><span style=\"display:inherit;clear:left;\">Off-balance sheet lease commitments, Group as lessee</span><span style=\"display:inherit;clear:left;\">Off-balance sheet lease commitments are short-term lease agreements and other lease agreements for which </span><span style=\"display:inherit;clear:left;\">the underlying asset is of low value or contracts that do not contain a lease according to IFRS 16. Therefore, </span><span style=\"display:inherit;clear:left;\">these contracts are not recognised as right-of-use assets and lease liabilities in the balance sheet. The most </span><span style=\"display:inherit;clear:left;\">significant item in the rents for premises is the right-to-use a test cell, which is excluded from the lease liabilty </span><span style=\"display:inherit;clear:left;\">on the basis that it is not for the exclusive use of Finnair. Other rents include IT equipment leases, that are not </span><span style=\"display:inherit;clear:left;\">material.</span><span style=\"display:inherit;clear:left;\">Off-balance sheet lease receivables, Group as lessor</span><span style=\"display:inherit;clear:left;\">The Group has leased 15 owned aircraft as well as premises with irrevocable lease agreements. Additionally, </span><span style=\"display:inherit;clear:left;\">Finnair has subleased 9 aircraft classified as operating leases. These agreements have different terms of </span><span style=\"display:inherit;clear:left;\">renewal and other index-linked terms and conditions. </span><span style=\"display:inherit;clear:left;\">2.3 Depreciation and impairment</span><span style=\"display:inherit;clear:left;\">Depreciation</span><span style=\"display:inherit;clear:left;\">Depreciation of assets is determined based on their expected useful life or maintenance cycle and residual value. </span><span style=\"display:inherit;clear:left;\">Depreciation for all assets is calculated using straight-line method. Depreciation is started when the asset is available </span><span style=\"display:inherit;clear:left;\">for use. Depreciation is ceased when the asset is either classified as held for sale or derecognised. The useful life and </span><span style=\"display:inherit;clear:left;\">residual value for assets are described in more detail in the note 2.1. </span><span style=\"display:inherit;clear:left;\">Depreciation and impairment include both planned depreciations on fixed assets as well as impairment. The </span><span style=\"display:inherit;clear:left;\">depreciation of own fleet increased mainly due to nine purchased aircrafts.</span><span style=\"display:inherit;clear:left;\">An impairment of 13.7 million euro was recorded in 2023 related to lease agreements a land area and the </span><span style=\"display:inherit;clear:left;\">related building located in the airport area. The impairment was caused by low utilization of the leased property</span><span style=\"display:inherit;clear:left;\">resulting from reorganization of certain operational activities in cooperation with Nordic Regional Airlines AB. At </span><span style=\"display:inherit;clear:left;\">the end of the review period, the respective lease liability related to the property reported on the consolidated </span><span style=\"display:inherit;clear:left;\">balance sheet totalled to 13.4 million euro. </span><span style=\"display:inherit;clear:left;\">Impairment testing</span><span style=\"display:inherit;clear:left;\">Impairment testing </span><span style=\"display:inherit;clear:left;\">Finnair reviews its fleet, other fixed assets and other non-current assets for indication of impairment on each balance </span><span style=\"display:inherit;clear:left;\">sheet date. The recoverable amount of an asset or a cash generating unit is determined as the higher of value in use </span><span style=\"display:inherit;clear:left;\">and the fair value less cost to sell. An impairment loss is recognized if an asset\u2019s recoverable amount is less than its </span><span style=\"display:inherit;clear:left;\">carrying amount. </span><span style=\"display:inherit;clear:left;\">The recoverable amount is defined for the cash generating unit, and the impairment is evaluated at the cash </span><span style=\"display:inherit;clear:left;\">generating unit level. Finnair is a network carrier with highly integrated fleet operations and it considers all its fleet </span><span style=\"display:inherit;clear:left;\">(including the right-of-use fleet) and other closely related assets as one cash-generating unit. Also intangible assets </span><span style=\"display:inherit;clear:left;\">with indefinite useful life have been identified to belong to the one cash-generating unit. Assets that are either idle or </span><span style=\"display:inherit;clear:left;\">held for sale are excluded from the cash-generating unit and reviewed for impairment separately.  </span><span style=\"display:inherit;clear:left;\">Premises rents<span class=\"_ _3e\"> </span>Other rents</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _304\"> </span><span class=\"ws0\">2023<span class=\"_ _58\"> </span>2022<span class=\"_ _59\"> </span>2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">less than one year<span class=\"_ _305\"> </span><span class=\"ws0\">2.6<span class=\"_ _4b\"> </span>2.5<span class=\"_ _295\"> </span>0.9<span class=\"_ _108\"> </span>1.5</span></span><span style=\"display:inherit;clear:left;\">1\u20135 years<span class=\"_ _247\"> </span><span class=\"ws0\">4.7<span class=\"_ _4b\"> </span>5.5<span class=\"_ _56\"> </span>0.5<span class=\"_ _56\"> </span>0.9</span></span><span style=\"display:inherit;clear:left;\">more than 5 years<span class=\"_ _305\"> </span><span class=\"ws0\">7.0<span class=\"_ _2cc\"> </span>6.7<span class=\"_ _22\"> </span>-<span class=\"_ _22\"> </span>-</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _306\"> </span>14.3<span class=\"_ _2be\"> </span>14.7<span class=\"_ _2ae\"> </span>1.5<span class=\"_ _182\"> </span>2.4</span><span style=\"display:inherit;clear:left;\">Aircraft<span class=\"_ _13e\"> </span><span class=\"wse5\">Buildings and land</span></span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _304\"> </span><span class=\"ws0\">2023<span class=\"_ _58\"> </span>2022<span class=\"_ _59\"> </span>2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">less than 12 months<span class=\"_ _9c\"> </span><span class=\"ws0\">23.5<span class=\"_ _47\"> </span>23.5<span class=\"_ _2cc\"> </span>2.3<span class=\"_ _108\"> </span>2.1</span></span><span style=\"display:inherit;clear:left;\">13\u201324 months <span class=\"_ _2f6\"> </span><span class=\"ws0\">23.5<span class=\"_ _47\"> </span>23.5<span class=\"_ _2cc\"> </span>2.2<span class=\"_ _108\"> </span>2.1</span></span><span style=\"display:inherit;clear:left;\">25\u201336 months<span class=\"_ _2f6\"> </span><span class=\"ws0\">23.5<span class=\"_ _47\"> </span>23.5<span class=\"_ _f3\"> </span>1.9<span class=\"_ _108\"> </span>2.1</span></span><span style=\"display:inherit;clear:left;\">37\u201348 months<span class=\"_ _200\"> </span><span class=\"ws0\">11.3<span class=\"_ _47\"> </span>23.5<span class=\"_ _d2\"> </span>1.9<span class=\"_ _d2\"> </span>2.1</span></span><span style=\"display:inherit;clear:left;\">49\u201360 months<span class=\"_ _307\"> </span><span class=\"ws0\">3.4<span class=\"_ _297\"> </span>11.3<span class=\"_ _56\"> </span>0.8<span class=\"_ _d2\"> </span>1.8</span></span><span style=\"display:inherit;clear:left;\">more than 60 months<span class=\"_ _268\"> </span><span class=\"ws0\">0.4<span class=\"_ _5e\"> </span>3.8<span class=\"_ _182\"> </span>0.0<span class=\"_ _2cc\"> </span>2.5</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _308\"> </span>85.6<span class=\"_ _57\"> </span>109.0<span class=\"_ _2ae\"> </span>9.1<span class=\"_ _30\"> </span>12.7</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Amortisation of intangible assets<span class=\"_ _309\"> </span><span class=\"ws0\">1.0<span class=\"_ _108\"> </span>3.1</span></span><span style=\"display:inherit;clear:left;\">Depreciation of own fleet<span class=\"_ _30a\"> </span><span class=\"ws0\">139.5<span class=\"_ _149\"> </span>120.9</span></span><span style=\"display:inherit;clear:left;\">Depreciation of right-of-use fleet<span class=\"_ _30b\"> </span><span class=\"ws0\">156.9<span class=\"_ _46\"> </span>156.0</span></span><span style=\"display:inherit;clear:left;\">Depreciation of other tangible assets<span class=\"_ _30c\"> </span><span class=\"ws0\">14.3<span class=\"_ _41\"> </span>15.8</span></span><span style=\"display:inherit;clear:left;\">Depreciation of other right-of-use assets<span class=\"_ _247\"> </span><span class=\"ws0\">20.9<span class=\"_ _2d1\"> </span>21.3</span></span><span style=\"display:inherit;clear:left;\">Amortisation and depreciation<span class=\"_ _9a\"> </span><span class=\"ws0\">332.6<span class=\"_ _fc\"> </span>317.1</span></span><span style=\"display:inherit;clear:left;\">Impairment of assets<span class=\"_ _30d\"> </span><span class=\"ws0\">13.7<span class=\"_ _2be\"> </span>32.7</span></span><span style=\"display:inherit;clear:left;\">Impairment<span class=\"_ _2f\"> </span>13.7<span class=\"_ _3c\"> </span>32.7</span><span style=\"display:inherit;clear:left;\">Total <span class=\"_ _30e\"> </span>346.2<span class=\"_ _22a\"> </span>349.8</span><span style=\"display:inherit;clear:left;\">Total depreciation and impairment in income statement<span class=\"_ _30f\"> </span><span class=\"ws0\">346.2<span class=\"_ _22a\"> </span>349.8</span></span><span style=\"display:inherit;clear:left;\">Calculation of the recoverable amount</span><span style=\"display:inherit;clear:left;\">Finnair applies the value in use model as its primary method for determining the recoverable amount of the assets. </span><span style=\"display:inherit;clear:left;\">The value in use measurement is based on a discounted cash flow model where the cash flow projections are </span><span style=\"display:inherit;clear:left;\">based on Finnair\u2019s strategy approved by the Board of Directors and a management forecast covering a five-year </span><span style=\"display:inherit;clear:left;\">period. The cash flow projections beyond the five-year period are based on the management\u2019s long-term growth </span><span style=\"display:inherit;clear:left;\">assumptions. Preparation of the calculations used for impairment testing requires the use of significant management </span><span style=\"display:inherit;clear:left;\">judgement and estimates, which is why the actual outcome may differ from the current management estimates and </span><span style=\"display:inherit;clear:left;\">assumptions made. </span><span style=\"display:inherit;clear:left;\">Finnair has not identified indications of possible impairment in connection with the preparation of its 2023 </span><span style=\"display:inherit;clear:left;\">consolidated financial statements. As part of Finnair\u2019s internal process, in addition to the evaluation of separate </span><span style=\"display:inherit;clear:left;\">impairment indicators, Finnair\u2019s management prepares an annual impairment test which indicated no need </span><span style=\"display:inherit;clear:left;\">for impairment. In impairment testing, a possible change in any single key assumption would not result in an </span><span style=\"display:inherit;clear:left;\">impairment.</span><span style=\"display:inherit;clear:left;\">In 2022, Finnair still considered the adverse economic and business implications relating to the COVID-19 </span><span style=\"display:inherit;clear:left;\">pandemic and the closure of the Russian airspace as indications of possible impairment. Based on the </span><span style=\"display:inherit;clear:left;\">impairment test performed as at the end of 2022, the recoverable amount of the CGU (2,059.2 million euros) </span><span style=\"display:inherit;clear:left;\">exceeded the carrying value of the assets (1 ,635.0 million euros). The post-tax discount rate based on weighted </span><span style=\"display:inherit;clear:left;\">average cost of capital was 8.5% and pre-tax discount rate 9,9%. In order to consider the hightened uncertainty, </span><span style=\"display:inherit;clear:left;\">Finnair applied the expected cash flow approach which considered three forecast scenarios for which the </span><span style=\"display:inherit;clear:left;\">management had assigned different probabilities. The impairment testing and its assumptions are described in </span><span style=\"display:inherit;clear:left;\">more detail in the consolidated financial statements 2022.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-650-3": {
   "value": "<span style=\"display:inherit;clear:left;\">2 Fleet and other fixed assets and leasing </span><span style=\"display:inherit;clear:left;\">arrangements</span><span style=\"display:inherit;clear:left;\">  Fleet and other fixed assets and leasing arrangements include notes particularly related to the aircraft fleet. </span><span style=\"display:inherit;clear:left;\">Notes related to the aircraft operated by the Group are combined in this section so that the general view of the </span><span style=\"display:inherit;clear:left;\">fleet is easier to understand. In addition to owned aircraft, the notes cover leased aircraft under different kinds </span><span style=\"display:inherit;clear:left;\">of aircraft lease arrangements. </span><span style=\"display:inherit;clear:left;\">The assets owned and leased by Finnair consist mostly of aircraft operated by Finnair and Norra. In 2023, the </span><span style=\"display:inherit;clear:left;\">number of owned aircraft was 46 (37) and leased aircraft 33 (43). During the financial year, Finnair purchased </span><span style=\"display:inherit;clear:left;\">two A320 and seven A321 aircraft that it had been leasing in. All aircraft were in operative use as at the balance </span><span style=\"display:inherit;clear:left;\">sheet date.</span><span style=\"display:inherit;clear:left;\">Fleet in Finnair balance sheet</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2d4\"> </span><span class=\"ws0\">2023<span class=\"_ _58\"> </span>2022<span class=\"_ _73\"> </span>Change</span></span><span style=\"display:inherit;clear:left;\">Advances paid for aircraft<span class=\"_ _221\"> </span><span class=\"ws0\">95.8<span class=\"_ _47\"> </span>111.2<span class=\"_ _fd\"> </span>-15.4</span></span><span style=\"display:inherit;clear:left;\">Owned aircraft<span class=\"_ _2d5\"> </span><span class=\"ws0\">957.2<span class=\"_ _e9\"> </span>783.6<span class=\"_ _bf\"> </span>173.6</span></span><span style=\"display:inherit;clear:left;\">Right-of-use fleet<span class=\"_ _121\"> </span><span class=\"ws0\">775.0<span class=\"_ _232\"> </span>932.9<span class=\"_ _59\"> </span>-157.9</span></span><span style=\"display:inherit;clear:left;\">Fleet total<span class=\"_ _230\"> </span><span class=\"ws0\">1,828.0<span class=\"_ _fa\"> </span>1,827.6<span class=\"_ _2c3\"> </span>0.4</span></span><span style=\"display:inherit;clear:left;\">Fleet lease liabilities<span class=\"_ _2d6\"> </span><span class=\"ws0\">940.3<span class=\"_ _189\"> </span>1,164.4<span class=\"_ _57\"> </span>-224.1</span></span><span style=\"display:inherit;clear:left;\">Depreciation and impairment from fleet during the period</span><span style=\"display:inherit;clear:left;\">Depreciation for the period of owned aircraft<span class=\"_ _2d7\"> </span><span class=\"ws0\">-139.5<span class=\"_ _b5\"> </span>-120.9<span class=\"_ _fd\"> </span>-18.6</span></span><span style=\"display:inherit;clear:left;\">Depreciation for the period of right-of-use fleet<span class=\"_ _2d8\"> </span><span class=\"ws0\">-156.9<span class=\"_ _b5\"> </span>-156.0<span class=\"_ _102\"> </span>-0.9</span></span><span style=\"display:inherit;clear:left;\">Impairment for the period related to owned aircraft<span class=\"_ _10e\"> </span><span class=\"ws0\">-<span class=\"_ _fc\"> </span>-32.7<span class=\"_ _2be\"> </span>32.7</span></span><span style=\"display:inherit;clear:left;\">Additions to fleet in 2023 relate mainly to purchase of two A320 and seven A321 aircrafts that were previously </span><span style=\"display:inherit;clear:left;\">leased by Finnair, cabin refurbishment of the wide-body aircraft, and investments in aircraft maintenance. </span><span style=\"display:inherit;clear:left;\">Currency hedging of aircraft acquisitions is described in the notes 3.5 Management of financial risks and 3.8 </span><span style=\"display:inherit;clear:left;\">Derivatives.</span><span style=\"display:inherit;clear:left;\">In addition to the aircraft rotable parts included in the other fixed assets, Finnair\u2019s inventories include non-</span><span style=\"display:inherit;clear:left;\">rotable aircraft parts amounting to 26.7 million euro (24.4). </span><span style=\"display:inherit;clear:left;\">At the commencement date of a lease, Finnair recognises both a right-of-use asset and a lease liability.</span><span style=\"display:inherit;clear:left;\">The lease liability is the present value of future lease payments. At Finnair, lease payments for aircraft leases typically </span><span style=\"display:inherit;clear:left;\">contain variable payments that depend on interest rates and indices. The variable payments are included in the </span><span style=\"display:inherit;clear:left;\">measurement of the lease liability from the commencement date of the lease. </span><span style=\"display:inherit;clear:left;\">The right-of-use asset is measured at cost, comprising </span><span style=\"display:inherit;clear:left;\">the amount of the initial measurement of the lease liability;</span><span style=\"display:inherit;clear:left;\">any lease payments made at or before the commencement date, less any incentives received;</span><span style=\"display:inherit;clear:left;\">any initial direct costs incurred by Finnair; and </span><span style=\"display:inherit;clear:left;\">an estimate of costs to be incurred by Finnair in restoring the assets to the condition required by the terms and </span><span style=\"display:inherit;clear:left;\">conditions of the lease.</span><span style=\"display:inherit;clear:left;\">In most cases, Finnair is obliged to return leased aircraft and their engines according to the redelivery condition set </span><span style=\"display:inherit;clear:left;\">in the lease agreement. If at the time of redelivery, the condition of the aircraft and its engines differs from the agreed </span><span style=\"display:inherit;clear:left;\">redelivery condition, Finnair needs to either maintain the aircraft so that it meets the agreed redelivery condition or </span><span style=\"display:inherit;clear:left;\">settle the difference in cash to the lessor. </span><span style=\"display:inherit;clear:left;\">The maintenance costs can be divided into two main groups: </span><span style=\"display:inherit;clear:left;\">1) costs that are incurred independent of the usage of the aircraft / leasing period and </span><span style=\"display:inherit;clear:left;\">2) costs that are incurred dependent on the usage of the aircraft / leasing period </span><span style=\"display:inherit;clear:left;\">The final check and painting required at redelivery are considered unavoidable maintenance costs that realise </span><span style=\"display:inherit;clear:left;\">when the aircraft is redelivered to the lessor, irrespective of the time or flight hours. The counterpart of the provision is </span><span style=\"display:inherit;clear:left;\">recorded in the book value of the right-of-use asset at the commencement of the lease. </span><span style=\"display:inherit;clear:left;\">Respectively, costs depending on the usage of the aircraft are not considered as part of the right-of-use asset cost.</span><span style=\"display:inherit;clear:left;\">Finnair remeasures the lease liability when there is a lease modification that changes the scope of a lease or the </span><span style=\"display:inherit;clear:left;\">consideration for the lease, that was not part of the original terms and conditions of the lease (including changes in </span><span style=\"display:inherit;clear:left;\">lease payments resulting from a change in indices and rates used in variable aircraft lease payments) or when the </span><span style=\"display:inherit;clear:left;\">the likehood of Finnair using a purchase-option is changed. The amount of the remeasurement of the lease liability </span><span style=\"display:inherit;clear:left;\">is generally recognised as an adjustment to the right-of-use asset. However, if the carrying amount of the right-of-</span><span style=\"display:inherit;clear:left;\">use asset is reduced to zero and there is a further reduction in the measurement of the lease liability, the remaining </span><span style=\"display:inherit;clear:left;\">measurement is recognised in profit or loss.</span><span style=\"display:inherit;clear:left;\">After initial recognition, right-of-use assets are measured at cost less any accumulated depreciations and accumulated </span><span style=\"display:inherit;clear:left;\">impairment losses. The assets are depreciated with a straight-line method from the commencement date to the shorter </span><span style=\"display:inherit;clear:left;\">of end of useful life of the right-of-use asset and the end of lease term. However, if the lease transfers ownership of the </span><span style=\"display:inherit;clear:left;\">asset to Finnair by the end of lease term or if the cost of the right-of-use asset reflects that Finnair will exercise a purchase </span><span style=\"display:inherit;clear:left;\">option, the right-of-use asset is depreciated from the commencement date to the end of useful life of the asset.</span><span style=\"display:inherit;clear:left;\">At Finnair aircraft lease contracts contain the interest rate implicit in the lease, even if the aircraft lease agreements </span><span style=\"display:inherit;clear:left;\">do not clearly define the interest rate implicit in the lease. Since the fair values of the aircraft are provided publicly </span><span style=\"display:inherit;clear:left;\">by third parties, Finnair is able to calculate the implicit interest rate for each qualifying aircraft operating lease. The </span><span style=\"display:inherit;clear:left;\">rate implicit in the lease is defined as the rate that causes the sum of the present value of the lease payments and the </span><span style=\"display:inherit;clear:left;\">present value of the unguaranteed residual value of the underlying asset at the end of the lease to equal the sum of </span><span style=\"display:inherit;clear:left;\">the fair value of the underlying asset and any initial direct costs of the lessor. The implicit interest rate is determined by </span><span style=\"display:inherit;clear:left;\">each aircraft lease contract separately.</span><span style=\"display:inherit;clear:left;\">For other lease contracts, an implicit interest rate cannot be usually determined. The incremental borrowing rate is </span><span style=\"display:inherit;clear:left;\">therefore used and it is determined by each class of assets separately, based on management estimate. </span><span style=\"display:inherit;clear:left;\">Aircraft lease contracts are usually denominated in foreign currency (US dollars) and the foreign currency lease </span><span style=\"display:inherit;clear:left;\">liabilities are revalued at each balance sheet date to the spot rate. The lease payments (lease payments made) are </span><span style=\"display:inherit;clear:left;\">accounted for as repayments of the lease liability and as interest expense.</span><span style=\"display:inherit;clear:left;\">The Group as lessor</span><span style=\"display:inherit;clear:left;\">Agreements, where the Group is the lessor, are accounted for as operating leases, when a substantial part of the risks </span><span style=\"display:inherit;clear:left;\">and rewards of ownership are not transferred to the lessee. The assets leased under operating lease are included </span><span style=\"display:inherit;clear:left;\">in the tangible assets and they are depreciated during their useful life. Depreciation is calculated using the same </span><span style=\"display:inherit;clear:left;\">principles as the tangible assets for own use. Under the provisions of certain aircraft lease agreements, the lessee </span><span style=\"display:inherit;clear:left;\">is required to pay periodic maintenance reserves which accumulate funds for aircraft maintenance. Advances </span><span style=\"display:inherit;clear:left;\">received for maintenance are recognised as liability, which is charged, when maintenance is done. The rents for </span><span style=\"display:inherit;clear:left;\">premises and aircraft are recognised in the income statement as other operating income over the lease term.</span><span style=\"display:inherit;clear:left;\">Agreements, where the Group is the lessor, are accounted for as finance leases, when a substantial part of the risks </span><span style=\"display:inherit;clear:left;\">and rewards of ownership are transferred to the lessee. Finnair recognises assets held under a finance lease in its </span><span style=\"display:inherit;clear:left;\">balance sheet and presents them as a receivable at an amount equal to the net investment of the lease which is equal </span><span style=\"display:inherit;clear:left;\">to the sum of the present values  <span class=\"_ _0\"></span> <span class=\"_ _0\"></span>of the lease income it will receive in the future and the unguaranteed residual value.</span><span style=\"display:inherit;clear:left;\">Finnair subleases aircraft and buildings as well as ground equipment from time to time,  which are classified either as </span><span style=\"display:inherit;clear:left;\">finance leases or operating leases based on the individual contract terms. A lease is classified on its commencement </span><span style=\"display:inherit;clear:left;\">2.2 Leasing arrangements</span><span style=\"display:inherit;clear:left;\">  The Group as lessee </span><span style=\"display:inherit;clear:left;\">Finnair assesses whether a contract that relates to tangible assets is, or contains, a lease in accordance with the IFRS </span><span style=\"display:inherit;clear:left;\">16. Lease agreements for tangible assets, where the contract conveys the right to use an identified asset for a period </span><span style=\"display:inherit;clear:left;\">of time in exchange for consideration, are classified as leases.</span><span style=\"display:inherit;clear:left;\">The lease term is the non-cancellable period for which a lessee has the right to use an underlying asset, together </span><span style=\"display:inherit;clear:left;\">with both periods covered by an option to extend the lease if Finnair is reasonably certain to exercise that option; and </span><span style=\"display:inherit;clear:left;\">periods covered by an option to terminate the lease if Finnair is reasonably certain not to exercise the option.</span><span style=\"display:inherit;clear:left;\">The lease recognition requirements are not applied to short-term leases, where at the commencement date, the </span><span style=\"display:inherit;clear:left;\">lease term is 12 months or less and does not contain a purchase option. Finnair considers the lease period to be the </span><span style=\"display:inherit;clear:left;\">period that is enforceable. Hence, for contracts where the contract term is non-fixed and Finnair has the right to </span><span style=\"display:inherit;clear:left;\">terminate the contract without the permission from the other party with no more than an insignificant penalty and </span><span style=\"display:inherit;clear:left;\">there are no other indications that the contract is enforceable, Finnair classifies these contracts as short-term. The </span><span style=\"display:inherit;clear:left;\">lease recognition requirements are also not applied to leases that are not material to Finnair.</span><span style=\"display:inherit;clear:left;\">For short-term leases and immaterial leases to which these exemptions are applied, the lease payments are </span><span style=\"display:inherit;clear:left;\">recognised as an expense on either a straight-line basis over the lease term, or on another systematic basis if that </span><span style=\"display:inherit;clear:left;\">basis is more representative of the pattern of Finnair\u2019s benefit.</span><span style=\"display:inherit;clear:left;\">date and is reassessed only if the lease is amended. At the commencement date, for the subleases, a net investment </span><span style=\"display:inherit;clear:left;\">(lease receivable), equaling to the present value of lease payments and the present value of the unguaranteed </span><span style=\"display:inherit;clear:left;\">residual value, is recognised. The proportion of the right-of-use asset subleased is derecognised from the balance </span><span style=\"display:inherit;clear:left;\">sheet and the difference between the right-of-use asset and the net investment is recognised in the profit or loss, in </span><span style=\"display:inherit;clear:left;\">other operating income and expenses. Subsequently, the lease payments received are accounted for as repayments </span><span style=\"display:inherit;clear:left;\">of the lease receivable and as interest income. </span><span style=\"display:inherit;clear:left;\">Sale and leaseback </span><span style=\"display:inherit;clear:left;\">In sale and leaseback transactions, where Finnair sells and then leases back aircraft, Finnair measures the right-of-</span><span style=\"display:inherit;clear:left;\">use asset arising from the leaseback at the proportion of the previous carrying amount of the asset that relates to the </span><span style=\"display:inherit;clear:left;\">right-of-use retained by the Group. Accordingly, Finnair recognises only the amount of any gain or loss that relates to </span><span style=\"display:inherit;clear:left;\">the rights transferred to the buyer-lessor.  <span class=\"_ _2f1\"> </span> </span><span style=\"display:inherit;clear:left;\">Leasing arrangements </span><span style=\"display:inherit;clear:left;\">Determining the interest rate and lease term used in discounting the lease payments, estimating the redelivery </span><span style=\"display:inherit;clear:left;\">obligations of aircraft leases and the classification of sublease agreements to operating and financial leases require </span><span style=\"display:inherit;clear:left;\">management discretion in interpretation and application of accounting standards. </span><span style=\"display:inherit;clear:left;\">The carrying value of the right-of-use assets are tested for impairment as part of cash generating unit at the balance </span><span style=\"display:inherit;clear:left;\">sheet date. More details is presented in the note 2.3.</span><span style=\"display:inherit;clear:left;\">Right-of-use assets 2023</span><span style=\"display:inherit;clear:left;\">Reassesments and modifications are mainly related to index changes in existing lease contracts and changes </span><span style=\"display:inherit;clear:left;\">of office and parking space contracts. Disposals are related to purchase of two leased A320 and seven leased </span><span style=\"display:inherit;clear:left;\">A321 aircraft, for which the leasing contracts were terminated in connection with the acquisition.</span><span style=\"display:inherit;clear:left;\">Lease liabilities</span><span style=\"display:inherit;clear:left;\">The Group leases aircraft, premises and other fixed assets, for which the lease liability is recorded on the </span><span style=\"display:inherit;clear:left;\">balance sheet. The lease agreements have different terms of renewal and include index-linked terms and </span><span style=\"display:inherit;clear:left;\">conditions. The Group was operating 33 leased aircraft at the end of the year with lease agreements of different</span><span style=\"display:inherit;clear:left;\">tenors.</span><span style=\"display:inherit;clear:left;\">Finance lease receivables, Group as lessor</span><span style=\"display:inherit;clear:left;\">During the period the Group had finance lease receivable related to the buildings and land area located in the </span><span style=\"display:inherit;clear:left;\">airport area. </span><span style=\"display:inherit;clear:left;\">Leasing arrangements in profit and loss</span><span style=\"display:inherit;clear:left;\">Operating expenses include costs related to short-term and capacity based rental agreements, that are not </span><span style=\"display:inherit;clear:left;\">material for the Group or do not contain a lease according to IFRS 16, and are therefore not recognised in the </span><span style=\"display:inherit;clear:left;\">balance sheet. In the income statement, the short-term wet leases and variable purchase traffic and cargo </span><span style=\"display:inherit;clear:left;\">capacity rents are included in capacity rents and the short-term office rents are included in property, IT and </span><span style=\"display:inherit;clear:left;\">other expenses. Gains related to sale and leaseback transactions are recorded in other operating income in </span><span style=\"display:inherit;clear:left;\">profit and loss. Total cash outflow relating to leases was -376.3 million euro (-376.7).</span><span style=\"display:inherit;clear:left;\">Buildings <span class=\"_ _8\"></span> </span><span style=\"display:inherit;clear:left;\">Other </span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _27c\"> </span><span class=\"ws0\">Aircraft</span></span><span style=\"display:inherit;clear:left;\">and land</span><span style=\"display:inherit;clear:left;\">equipment<span class=\"_ _10c\"> </span>Total</span><span style=\"display:inherit;clear:left;\">Book value 1 Jan 2023<span class=\"_ _260\"> </span><span class=\"ws0\">932.9<span class=\"_ _b0\"> </span>114<span class=\"_ _4a\"> </span>31.4<span class=\"_ _226\"> </span>1,078.20</span></span><span style=\"display:inherit;clear:left;\">New contracts<span class=\"_ _2f2\"> </span><span class=\"ws0\">0.2<span class=\"_ _152\"> </span>18.6<span class=\"_ _1e1\"> </span>5.5<span class=\"_ _168\"> </span>24.3</span></span><span style=\"display:inherit;clear:left;\">Reassessments and modifications<span class=\"_ _266\"> </span><span class=\"ws0\">45.0<span class=\"_ _4f\"> </span>9.0<span class=\"_ _4a\"> </span>-3.5<span class=\"_ _108\"> </span>50.5</span></span><span style=\"display:inherit;clear:left;\">Disposals<span class=\"_ _a3\"> </span>-46.2<span class=\"_ _8e\"> </span>-<span class=\"_ _26\"> </span>-<span class=\"_ _56\"> </span>-46.2</span><span style=\"display:inherit;clear:left;\">Depreciation for the financial year<span class=\"_ _250\"> </span><span class=\"ws0\">-156.9<span class=\"_ _168\"> </span>-13.1<span class=\"_ _2f3\"> </span>-7.7<span class=\"_ _10b\"> </span>-177.8</span></span><span style=\"display:inherit;clear:left;\">Impairment<span class=\"_ _2f4\"> </span>-<span class=\"_ _d2\"> </span>-13.7<span class=\"_ _8e\"> </span>-<span class=\"_ _108\"> </span>-13.7</span><span style=\"display:inherit;clear:left;\">Book value 31 Dec 2023<span class=\"_ _13d\"> </span><span class=\"ws0\">775.0<span class=\"_ _295\"> </span>114.8<span class=\"_ _d2\"> </span>25.6<span class=\"_ _d4\"> </span>915.3</span></span><span style=\"display:inherit;clear:left;\">Buildings <span class=\"_ _8\"></span> </span><span style=\"display:inherit;clear:left;\">Other </span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _27c\"> </span><span class=\"ws0\">Aircraft</span></span><span style=\"display:inherit;clear:left;\">and land</span><span style=\"display:inherit;clear:left;\">equipment<span class=\"_ _10c\"> </span>Total</span><span style=\"display:inherit;clear:left;\">Book value 1 Jan 2022<span class=\"_ _2f5\"> </span><span class=\"ws0\">1,025.3<span class=\"_ _182\"> </span>123.0<span class=\"_ _168\"> </span>33.4<span class=\"_ _30\"> </span>1,181.7</span></span><span style=\"display:inherit;clear:left;\">Additions<span class=\"_ _2f6\"> </span>0.0<span class=\"_ _cf\"> </span>0.5<span class=\"_ _4f\"> </span>9.0<span class=\"_ _b0\"> </span>9.5</span><span style=\"display:inherit;clear:left;\">Changes in contracts<span class=\"_ _2f7\"> </span><span class=\"ws0\">63.5<span class=\"_ _b0\"> </span>3.8<span class=\"_ _24e\"> </span>-3.0<span class=\"_ _109\"> </span>64.3</span></span><span style=\"display:inherit;clear:left;\">Depreciation for the financial year<span class=\"_ _ee\"> </span><span class=\"ws0\">-156.0<span class=\"_ _f3\"> </span>-13.3<span class=\"_ _4c\"> </span>-8.0<span class=\"_ _3b\"> </span>-177.3</span></span><span style=\"display:inherit;clear:left;\">Book value 31 Dec 2022<span class=\"_ _2f8\"> </span><span class=\"ws0\">932.9<span class=\"_ _297\"> </span>114.0<span class=\"_ _168\"> </span>31.4<span class=\"_ _e9\"> </span>1,078.2</span></span><span style=\"display:inherit;clear:left;\">Aircraft<span class=\"_ _108\"> </span><span class=\"wse5\">Buildings and land<span class=\"_ _103\"> </span>Other equipment</span></span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2f0\"> </span><span class=\"ws0\">2023<span class=\"_ _b7\"> </span>2022<span class=\"_ _b7\"> </span>2023<span class=\"_ _b7\"> </span>2022<span class=\"_ _b7\"> </span>2023<span class=\"_ _b7\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">less than one year<span class=\"_ _15a\"> </span><span class=\"ws0\">143.2<span class=\"_ _21a\"> </span>183.0<span class=\"_ _59\"> </span>14.8<span class=\"_ _232\"> </span>12.2<span class=\"_ _39\"> </span>6.0<span class=\"_ _2ec\"> </span>7.4</span></span><span style=\"display:inherit;clear:left;\">1\u20135 years<span class=\"_ _2f9\"> </span><span class=\"ws0\">464.8<span class=\"_ _6e\"> </span>605.5<span class=\"_ _f7\"> </span>51.5<span class=\"_ _46\"> </span>41.1<span class=\"_ _20d\"> </span>20.5<span class=\"_ _22a\"> </span>22.3</span></span><span style=\"display:inherit;clear:left;\">more than 5 years<span class=\"_ _15d\"> </span><span class=\"ws0\">332.3<span class=\"_ _fb\"> </span>375.9<span class=\"_ _57\"> </span>81.9<span class=\"_ _e8\"> </span>80.8<span class=\"_ _5a\"> </span>0.0<span class=\"_ _fc\"> </span>2.5</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _165\"> </span>940.3<span class=\"_ _82\"> </span>1,164.4<span class=\"_ _87\"> </span>148.2<span class=\"_ _124\"> </span>134.1<span class=\"_ _66\"> </span>26.6<span class=\"_ _e8\"> </span>32.2</span><span style=\"display:inherit;clear:left;\">Buildings and land</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">less than 12 months<span class=\"_ _2fa\"> </span><span class=\"ws0\">0.3<span class=\"_ _1cf\"> </span>0.3</span></span><span style=\"display:inherit;clear:left;\">13\u201324 months<span class=\"_ _2fb\"> </span><span class=\"ws0\">0.3<span class=\"_ _1cf\"> </span>0.3</span></span><span style=\"display:inherit;clear:left;\">25\u201336 months<span class=\"_ _2fc\"> </span><span class=\"ws0\">0.0<span class=\"_ _1cf\"> </span>0.3</span></span><span style=\"display:inherit;clear:left;\">37\u201348 months<span class=\"_ _1da\"> </span><span class=\"ws0\">0.0<span class=\"_ _182\"> </span>0.0</span></span><span style=\"display:inherit;clear:left;\">49\u201360 months<span class=\"_ _1cb\"> </span><span class=\"ws0\">0.0<span class=\"_ _295\"> </span>0.0</span></span><span style=\"display:inherit;clear:left;\">more than 60 months<span class=\"_ _2fd\"> </span><span class=\"ws0\">0.1<span class=\"_ _50\"> </span>0.1</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _296\"> </span>0.8<span class=\"_ _ed\"> </span>1.1</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Depreciation expense of right-of-use assets<span class=\"_ _2fe\"> </span><span class=\"ws0\">-177.8<span class=\"_ _232\"> </span>-177.3</span></span><span style=\"display:inherit;clear:left;\">Interest expense on lease liabilities<span class=\"_ _173\"> </span><span class=\"ws0\">-70.7<span class=\"_ _2ec\"> </span>-80.1</span></span><span style=\"display:inherit;clear:left;\">Interest income on sublease receivables<span class=\"_ _2ff\"> </span><span class=\"ws0\">0.0<span class=\"_ _50\"> </span>0.1</span></span><span style=\"display:inherit;clear:left;\">Exchange rate changes of lease liabilities<span class=\"_ _300\"> </span><span class=\"ws0\">37.0<span class=\"_ _10d\"> </span>-76.1</span></span><span style=\"display:inherit;clear:left;\">Hedging result of lease liabilities<span class=\"_ _29f\"> </span><span class=\"ws0\">-4.6<span class=\"_ _2c3\"> </span>19.1</span></span><span style=\"display:inherit;clear:left;\">Short-term wet leases<span class=\"_ _1c6\"> </span><span class=\"ws0\">-26.9<span class=\"_ _39\"> </span>-28.4</span></span><span style=\"display:inherit;clear:left;\">Short-term office rents<span class=\"_ _301\"> </span><span class=\"ws0\">-3.8<span class=\"_ _2d1\"> </span>-3.2</span></span><span style=\"display:inherit;clear:left;\">Variable purchase traffic and cargo capacity rents<span class=\"_ _302\"> </span><span class=\"ws0\">-80.3<span class=\"_ _39\"> </span>-74.0</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _303\"> </span>-327.1<span class=\"_ _66\"> </span>-419.9</span><span style=\"display:inherit;clear:left;\">Off-balance sheet lease commitments, Group as lessee</span><span style=\"display:inherit;clear:left;\">Off-balance sheet lease commitments are short-term lease agreements and other lease agreements for which </span><span style=\"display:inherit;clear:left;\">the underlying asset is of low value or contracts that do not contain a lease according to IFRS 16. Therefore, </span><span style=\"display:inherit;clear:left;\">these contracts are not recognised as right-of-use assets and lease liabilities in the balance sheet. The most </span><span style=\"display:inherit;clear:left;\">significant item in the rents for premises is the right-to-use a test cell, which is excluded from the lease liabilty </span><span style=\"display:inherit;clear:left;\">on the basis that it is not for the exclusive use of Finnair. Other rents include IT equipment leases, that are not </span><span style=\"display:inherit;clear:left;\">material.</span><span style=\"display:inherit;clear:left;\">Off-balance sheet lease receivables, Group as lessor</span><span style=\"display:inherit;clear:left;\">The Group has leased 15 owned aircraft as well as premises with irrevocable lease agreements. Additionally, </span><span style=\"display:inherit;clear:left;\">Finnair has subleased 9 aircraft classified as operating leases. These agreements have different terms of </span><span style=\"display:inherit;clear:left;\">renewal and other index-linked terms and conditions. </span><span style=\"display:inherit;clear:left;\">Impairment testing</span><span style=\"display:inherit;clear:left;\">Premises rents<span class=\"_ _3e\"> </span>Other rents</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _304\"> </span><span class=\"ws0\">2023<span class=\"_ _58\"> </span>2022<span class=\"_ _59\"> </span>2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">less than one year<span class=\"_ _305\"> </span><span class=\"ws0\">2.6<span class=\"_ _4b\"> </span>2.5<span class=\"_ _295\"> </span>0.9<span class=\"_ _108\"> </span>1.5</span></span><span style=\"display:inherit;clear:left;\">1\u20135 years<span class=\"_ _247\"> </span><span class=\"ws0\">4.7<span class=\"_ _4b\"> </span>5.5<span class=\"_ _56\"> </span>0.5<span class=\"_ _56\"> </span>0.9</span></span><span style=\"display:inherit;clear:left;\">more than 5 years<span class=\"_ _305\"> </span><span class=\"ws0\">7.0<span class=\"_ _2cc\"> </span>6.7<span class=\"_ _22\"> </span>-<span class=\"_ _22\"> </span>-</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _306\"> </span>14.3<span class=\"_ _2be\"> </span>14.7<span class=\"_ _2ae\"> </span>1.5<span class=\"_ _182\"> </span>2.4</span><span style=\"display:inherit;clear:left;\">Aircraft<span class=\"_ _13e\"> </span><span class=\"wse5\">Buildings and land</span></span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _304\"> </span><span class=\"ws0\">2023<span class=\"_ _58\"> </span>2022<span class=\"_ _59\"> </span>2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">less than 12 months<span class=\"_ _9c\"> </span><span class=\"ws0\">23.5<span class=\"_ _47\"> </span>23.5<span class=\"_ _2cc\"> </span>2.3<span class=\"_ _108\"> </span>2.1</span></span><span style=\"display:inherit;clear:left;\">13\u201324 months <span class=\"_ _2f6\"> </span><span class=\"ws0\">23.5<span class=\"_ _47\"> </span>23.5<span class=\"_ _2cc\"> </span>2.2<span class=\"_ _108\"> </span>2.1</span></span><span style=\"display:inherit;clear:left;\">25\u201336 months<span class=\"_ _2f6\"> </span><span class=\"ws0\">23.5<span class=\"_ _47\"> </span>23.5<span class=\"_ _f3\"> </span>1.9<span class=\"_ _108\"> </span>2.1</span></span><span style=\"display:inherit;clear:left;\">37\u201348 months<span class=\"_ _200\"> </span><span class=\"ws0\">11.3<span class=\"_ _47\"> </span>23.5<span class=\"_ _d2\"> </span>1.9<span class=\"_ _d2\"> </span>2.1</span></span><span style=\"display:inherit;clear:left;\">49\u201360 months<span class=\"_ _307\"> </span><span class=\"ws0\">3.4<span class=\"_ _297\"> </span>11.3<span class=\"_ _56\"> </span>0.8<span class=\"_ _d2\"> </span>1.8</span></span><span style=\"display:inherit;clear:left;\">more than 60 months<span class=\"_ _268\"> </span><span class=\"ws0\">0.4<span class=\"_ _5e\"> </span>3.8<span class=\"_ _182\"> </span>0.0<span class=\"_ _2cc\"> </span>2.5</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _308\"> </span>85.6<span class=\"_ _57\"> </span>109.0<span class=\"_ _2ae\"> </span>9.1<span class=\"_ _30\"> </span>12.7</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLeasesExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-662-3": {
   "value": "<span style=\"display:inherit;clear:left;\">2.1 Fleet and other fixed assets </span><span style=\"display:inherit;clear:left;\">  Fleet and other fixed assets are stated at historical cost less accumulated depreciation and accumulated </span><span style=\"display:inherit;clear:left;\">impairment loss if applicable. Fleet includes aircraft and aircraft prepayments. The acquisition cost of aircraft </span><span style=\"display:inherit;clear:left;\">is allocated to the aircraft frame, cabin components, engines and maintenace components as separate assets. </span><span style=\"display:inherit;clear:left;\">Maintenance components include heavy maintenance, C-checks, APU (auxiliary power unit) restorations, landing </span><span style=\"display:inherit;clear:left;\">gear overhauls and thrust reversers of aircraft frames, as well as performance restoration and maintenance of </span><span style=\"display:inherit;clear:left;\">life limited parts of engines. Aircraft frames and engines are depreciated over the useful life of the aircraft. The </span><span style=\"display:inherit;clear:left;\">maintenance components are depreciated during the maintenance cycle. Cabin components are depreciated over </span><span style=\"display:inherit;clear:left;\">their expected useful life. Significant modifications of owned or leased aircraft are capitalised as separate items </span><span style=\"display:inherit;clear:left;\">and depreciated over their expected useful life, which in the case of leased aircraft cannot exceed the lease period. </span><span style=\"display:inherit;clear:left;\">Replaced components are derecognised from the balance sheet. </span><span style=\"display:inherit;clear:left;\">Advance payments for aircraft are recorded as fleet fixed assets. Interest costs related to advance payments are </span><span style=\"display:inherit;clear:left;\">capitalised as acquisition cost for the period at which Finnair is financing the manufacturing of the aircraft. Hedging </span><span style=\"display:inherit;clear:left;\">gains or losses related to the fair value changes of firm, USD nominated purchase commitments for aircraft are </span><span style=\"display:inherit;clear:left;\">recognised in advance payments. Advance payments, realised foreign exchange hedges and capitalised interests </span><span style=\"display:inherit;clear:left;\">are recognised as part of the aircraft acquisition cost once the aircraft is delivered and taken to commercial use.</span><span style=\"display:inherit;clear:left;\">Other fixed assets include rotable aircraft spare parts, other fixed assets and their prepayments. Other fixed assets </span><span style=\"display:inherit;clear:left;\">are depreciated during their expected useful life.</span><span style=\"display:inherit;clear:left;\">Intangible assets mainly include computer software and connection fees. Connection fees are not depreciated. </span><span style=\"display:inherit;clear:left;\">Gains and losses on disposal of tangible and intangible assets are included in other operating income and expenses.</span><span style=\"display:inherit;clear:left;\">Useful life and residual value</span><span style=\"display:inherit;clear:left;\">Depreciation of fleet and other fixed assets is based on the following expected economic lifetimes:</span><span style=\"display:inherit;clear:left;\">New aircraft and engines (fleet) as well as flight simulators (other equipment) on a straight-line basis as follows:</span><span style=\"display:inherit;clear:left;\">Airbus A350 fleet, over 20 years to a residual value of 10%</span><span style=\"display:inherit;clear:left;\">Airbus A320 and Embraer fleet, over 20 years to a residual value of 10%</span><span style=\"display:inherit;clear:left;\">Airbus A330 fleet, over 18 years to a residual value of 10%</span><span style=\"display:inherit;clear:left;\">Turboprop aircraft (ATR fleet), over 20 years to a residual value of 10%</span><span style=\"display:inherit;clear:left;\">Heavy maintenance, C-checks, APU and landing gear restorations and thrust reversers of aircraft frame, as well </span><span style=\"display:inherit;clear:left;\">as performance maintenance and life limited parts of the engines, on a straight-line basis during the maintenance </span><span style=\"display:inherit;clear:left;\">period</span><span style=\"display:inherit;clear:left;\">Cabin components, over 7\u201320 years</span><span style=\"display:inherit;clear:left;\">Rotable spare parts and components, over 15 years to a residual value of 0%</span><span style=\"display:inherit;clear:left;\">Buildings, over 10\u201350 years from the time of acquisition to a residual value of 10%</span><span style=\"display:inherit;clear:left;\">Other tangible assets, over 3\u201315 years</span><span style=\"display:inherit;clear:left;\">Computer software, over 3\u20138 years</span><span style=\"display:inherit;clear:left;\">The residual values and estimated useful lives of the assets are assessed at each closing date and if they differ </span><span style=\"display:inherit;clear:left;\">significantly from previous estimates, the depreciation periods and residual values are changed accordingly.</span><span style=\"display:inherit;clear:left;\">Assets held for sale</span><span style=\"display:inherit;clear:left;\">Non-current assets (or disposal groups) are classified as assets held for sale when their carrying amount is to be </span><span style=\"display:inherit;clear:left;\">recovered principally through a sale transaction, a sale is considered highly probable and expected to take place </span><span style=\"display:inherit;clear:left;\">within the next twelve months. Assets classified as held for sale are stated at the lower of the carrying amount or fair </span><span style=\"display:inherit;clear:left;\">value less cost to sell. Assets classified as held for sale are no longer depreciated.  </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-662-4": {
   "value": "<span style=\"display:inherit;clear:left;\">2.1 Fleet and other fixed assets </span><span style=\"display:inherit;clear:left;\">  Fleet and other fixed assets are stated at historical cost less accumulated depreciation and accumulated </span><span style=\"display:inherit;clear:left;\">impairment loss if applicable. Fleet includes aircraft and aircraft prepayments. The acquisition cost of aircraft </span><span style=\"display:inherit;clear:left;\">is allocated to the aircraft frame, cabin components, engines and maintenace components as separate assets. </span><span style=\"display:inherit;clear:left;\">Maintenance components include heavy maintenance, C-checks, APU (auxiliary power unit) restorations, landing </span><span style=\"display:inherit;clear:left;\">gear overhauls and thrust reversers of aircraft frames, as well as performance restoration and maintenance of </span><span style=\"display:inherit;clear:left;\">life limited parts of engines. Aircraft frames and engines are depreciated over the useful life of the aircraft. The </span><span style=\"display:inherit;clear:left;\">maintenance components are depreciated during the maintenance cycle. Cabin components are depreciated over </span><span style=\"display:inherit;clear:left;\">their expected useful life. Significant modifications of owned or leased aircraft are capitalised as separate items </span><span style=\"display:inherit;clear:left;\">and depreciated over their expected useful life, which in the case of leased aircraft cannot exceed the lease period. </span><span style=\"display:inherit;clear:left;\">Replaced components are derecognised from the balance sheet. </span><span style=\"display:inherit;clear:left;\">Advance payments for aircraft are recorded as fleet fixed assets. Interest costs related to advance payments are </span><span style=\"display:inherit;clear:left;\">capitalised as acquisition cost for the period at which Finnair is financing the manufacturing of the aircraft. Hedging </span><span style=\"display:inherit;clear:left;\">gains or losses related to the fair value changes of firm, USD nominated purchase commitments for aircraft are </span><span style=\"display:inherit;clear:left;\">recognised in advance payments. Advance payments, realised foreign exchange hedges and capitalised interests </span><span style=\"display:inherit;clear:left;\">are recognised as part of the aircraft acquisition cost once the aircraft is delivered and taken to commercial use.</span><span style=\"display:inherit;clear:left;\">Other fixed assets include rotable aircraft spare parts, other fixed assets and their prepayments. Other fixed assets </span><span style=\"display:inherit;clear:left;\">are depreciated during their expected useful life.</span><span style=\"display:inherit;clear:left;\">Intangible assets mainly include computer software and connection fees. Connection fees are not depreciated. </span><span style=\"display:inherit;clear:left;\">Gains and losses on disposal of tangible and intangible assets are included in other operating income and expenses.</span><span style=\"display:inherit;clear:left;\">Useful life and residual value</span><span style=\"display:inherit;clear:left;\">Depreciation of fleet and other fixed assets is based on the following expected economic lifetimes:</span><span style=\"display:inherit;clear:left;\">New aircraft and engines (fleet) as well as flight simulators (other equipment) on a straight-line basis as follows:</span><span style=\"display:inherit;clear:left;\">Airbus A350 fleet, over 20 years to a residual value of 10%</span><span style=\"display:inherit;clear:left;\">Airbus A320 and Embraer fleet, over 20 years to a residual value of 10%</span><span style=\"display:inherit;clear:left;\">Airbus A330 fleet, over 18 years to a residual value of 10%</span><span style=\"display:inherit;clear:left;\">Turboprop aircraft (ATR fleet), over 20 years to a residual value of 10%</span><span style=\"display:inherit;clear:left;\">Heavy maintenance, C-checks, APU and landing gear restorations and thrust reversers of aircraft frame, as well </span><span style=\"display:inherit;clear:left;\">as performance maintenance and life limited parts of the engines, on a straight-line basis during the maintenance </span><span style=\"display:inherit;clear:left;\">period</span><span style=\"display:inherit;clear:left;\">Cabin components, over 7\u201320 years</span><span style=\"display:inherit;clear:left;\">Rotable spare parts and components, over 15 years to a residual value of 0%</span><span style=\"display:inherit;clear:left;\">Buildings, over 10\u201350 years from the time of acquisition to a residual value of 10%</span><span style=\"display:inherit;clear:left;\">Other tangible assets, over 3\u201315 years</span><span style=\"display:inherit;clear:left;\">Computer software, over 3\u20138 years</span><span style=\"display:inherit;clear:left;\">The residual values and estimated useful lives of the assets are assessed at each closing date and if they differ </span><span style=\"display:inherit;clear:left;\">significantly from previous estimates, the depreciation periods and residual values are changed accordingly.</span><span style=\"display:inherit;clear:left;\">Depreciation</span><span style=\"display:inherit;clear:left;\">Depreciation of assets is determined based on their expected useful life or maintenance cycle and residual value. </span><span style=\"display:inherit;clear:left;\">Depreciation for all assets is calculated using straight-line method. Depreciation is started when the asset is available </span><span style=\"display:inherit;clear:left;\">for use. Depreciation is ceased when the asset is either classified as held for sale or derecognised. The useful life and </span><span style=\"display:inherit;clear:left;\">residual value for assets are described in more detail in the note 2.1. </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-700-4": {
   "value": "<span style=\"display:inherit;clear:left;\">Assets held for sale</span><span style=\"display:inherit;clear:left;\">Non-current assets (or disposal groups) are classified as assets held for sale when their carrying amount is to be </span><span style=\"display:inherit;clear:left;\">recovered principally through a sale transaction, a sale is considered highly probable and expected to take place </span><span style=\"display:inherit;clear:left;\">within the next twelve months. Assets classified as held for sale are stated at the lower of the carrying amount or fair </span><span style=\"display:inherit;clear:left;\">value less cost to sell. Assets classified as held for sale are no longer depreciated.  </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperationsExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-720-3": {
   "value": "<span style=\"display:inherit;clear:left;\">Capitalised borrowing costs</span><span style=\"display:inherit;clear:left;\">In 2023 borrowing costs of 2.9 million euro (1.8) were capitalised in tangible assets related to the Airbus A350 </span><span style=\"display:inherit;clear:left;\">investment program. Finnair uses the effective interest rate to calculate the capitalised borrowing costs, that </span><span style=\"display:inherit;clear:left;\">represents the costs of the loans used to finance the investment. The average yearly interest rate in 2023 was </span><span style=\"display:inherit;clear:left;\">5.1% (4.2%). The general borrowings used to fund the acquisition of capital assets are included in the calculation </span><span style=\"display:inherit;clear:left;\">of the capitalisation rate. </span><span style=\"display:inherit;clear:left;\">Aircraft<span class=\"_ _4d\"> </span>Advances<span class=\"_ _95\"> </span>Total</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2f0\"> </span><span class=\"ws0\">2023<span class=\"_ _b7\"> </span>2022<span class=\"_ _b7\"> </span>2023<span class=\"_ _b7\"> </span>2022<span class=\"_ _b7\"> </span>2023<span class=\"_ _b7\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Book value 1 Jan<span class=\"_ _191\"> </span><span class=\"ws0\">8.3<span class=\"_ _bf\"> </span>8.8<span class=\"_ _fc\"> </span>4.5<span class=\"_ _e6\"> </span>2.7<span class=\"_ _f1\"> </span>12.8<span class=\"_ _46\"> </span>11.5</span></span><span style=\"display:inherit;clear:left;\">Additions<span class=\"_ _15c\"> </span>-<span class=\"_ _50\"> </span>-<span class=\"_ _fc\"> </span>2.9<span class=\"_ _10d\"> </span>1.8<span class=\"_ _fc\"> </span>2.9<span class=\"_ _10d\"> </span>1.8</span><span style=\"display:inherit;clear:left;\">Depreciation<span class=\"_ _32\"> </span>-0.5<span class=\"_ _59\"> </span>-0.5<span class=\"_ _f3\"> </span>-<span class=\"_ _f3\"> </span>-<span class=\"_ _59\"> </span>-0.5<span class=\"_ _57\"> </span>-0.5</span><span style=\"display:inherit;clear:left;\">Book value 31 Dec<span class=\"_ _127\"> </span><span class=\"ws0\">7.8<span class=\"_ _bf\"> </span>8.3<span class=\"_ _bf\"> </span>7.4<span class=\"_ _5a\"> </span>4.5<span class=\"_ _58\"> </span>15.3<span class=\"_ _22a\"> </span>12.8</span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBorrowingCostsExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-726-3": {
   "value": "<span style=\"display:inherit;clear:left;\">Assets and liabilities held for sale</span><span style=\"display:inherit;clear:left;\">Finnair had no assets classified as held for sale at the end of the financial year 2023. </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-732-3": {
   "value": "<span style=\"display:inherit;clear:left;\">Investment commitments</span><span style=\"display:inherit;clear:left;\">Investment commitments as at the end of the year totalled 313.7 million euro (366.1) and it includes firm aircraft </span><span style=\"display:inherit;clear:left;\">orders, other aircraft related investments as well as committed maintenance investments. Out of the total </span><span style=\"display:inherit;clear:left;\">investment commitments 175.6 million euro is expected to take place within the next 12 months and 138.1 million </span><span style=\"display:inherit;clear:left;\">euro during the following 1-5 years. The amount of the total commitments fluctuates between the order and the </span><span style=\"display:inherit;clear:left;\">delivery date of the aircraft mainly due to EUR/USD exchange rate changes and escalation clauses included in </span><span style=\"display:inherit;clear:left;\">airline purchase agreements. The exact amount of the commitments in relation to each aircraft is only known at </span><span style=\"display:inherit;clear:left;\">the time of the delivery.</span><span style=\"display:inherit;clear:left;\">3.4 Contingent liabilities</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Guarantees on behalf of group companies<span class=\"_ _8d\"> </span><span class=\"ws0\">51.5<span class=\"_ _42\"> </span>52.5</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _33b\"> </span>51.5<span class=\"_ _10d\"> </span>52.5</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-732-4": {
   "value": "<span style=\"display:inherit;clear:left;\">Investment commitments</span><span style=\"display:inherit;clear:left;\">Investment commitments as at the end of the year totalled 313.7 million euro (366.1) and it includes firm aircraft </span><span style=\"display:inherit;clear:left;\">orders, other aircraft related investments as well as committed maintenance investments. Out of the total </span><span style=\"display:inherit;clear:left;\">investment commitments 175.6 million euro is expected to take place within the next 12 months and 138.1 million </span><span style=\"display:inherit;clear:left;\">euro during the following 1-5 years. The amount of the total commitments fluctuates between the order and the </span><span style=\"display:inherit;clear:left;\">delivery date of the aircraft mainly due to EUR/USD exchange rate changes and escalation clauses included in </span><span style=\"display:inherit;clear:left;\">airline purchase agreements. The exact amount of the commitments in relation to each aircraft is only known at </span><span style=\"display:inherit;clear:left;\">the time of the delivery.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-740-4": {
   "value": "<span style=\"display:inherit;clear:left;\">At the commencement date of a lease, Finnair recognises both a right-of-use asset and a lease liability.</span><span style=\"display:inherit;clear:left;\">The lease liability is the present value of future lease payments. At Finnair, lease payments for aircraft leases typically </span><span style=\"display:inherit;clear:left;\">contain variable payments that depend on interest rates and indices. The variable payments are included in the </span><span style=\"display:inherit;clear:left;\">measurement of the lease liability from the commencement date of the lease. </span><span style=\"display:inherit;clear:left;\">The right-of-use asset is measured at cost, comprising </span><span style=\"display:inherit;clear:left;\">the amount of the initial measurement of the lease liability;</span><span style=\"display:inherit;clear:left;\">any lease payments made at or before the commencement date, less any incentives received;</span><span style=\"display:inherit;clear:left;\">any initial direct costs incurred by Finnair; and </span><span style=\"display:inherit;clear:left;\">an estimate of costs to be incurred by Finnair in restoring the assets to the condition required by the terms and </span><span style=\"display:inherit;clear:left;\">conditions of the lease.</span><span style=\"display:inherit;clear:left;\">In most cases, Finnair is obliged to return leased aircraft and their engines according to the redelivery condition set </span><span style=\"display:inherit;clear:left;\">in the lease agreement. If at the time of redelivery, the condition of the aircraft and its engines differs from the agreed </span><span style=\"display:inherit;clear:left;\">redelivery condition, Finnair needs to either maintain the aircraft so that it meets the agreed redelivery condition or </span><span style=\"display:inherit;clear:left;\">settle the difference in cash to the lessor. </span><span style=\"display:inherit;clear:left;\">The maintenance costs can be divided into two main groups: </span><span style=\"display:inherit;clear:left;\">1) costs that are incurred independent of the usage of the aircraft / leasing period and </span><span style=\"display:inherit;clear:left;\">2) costs that are incurred dependent on the usage of the aircraft / leasing period </span><span style=\"display:inherit;clear:left;\">The final check and painting required at redelivery are considered unavoidable maintenance costs that realise </span><span style=\"display:inherit;clear:left;\">when the aircraft is redelivered to the lessor, irrespective of the time or flight hours. The counterpart of the provision is </span><span style=\"display:inherit;clear:left;\">recorded in the book value of the right-of-use asset at the commencement of the lease. </span><span style=\"display:inherit;clear:left;\">Respectively, costs depending on the usage of the aircraft are not considered as part of the right-of-use asset cost.</span><span style=\"display:inherit;clear:left;\">Finnair remeasures the lease liability when there is a lease modification that changes the scope of a lease or the </span><span style=\"display:inherit;clear:left;\">consideration for the lease, that was not part of the original terms and conditions of the lease (including changes in </span><span style=\"display:inherit;clear:left;\">lease payments resulting from a change in indices and rates used in variable aircraft lease payments) or when the </span><span style=\"display:inherit;clear:left;\">the likehood of Finnair using a purchase-option is changed. The amount of the remeasurement of the lease liability </span><span style=\"display:inherit;clear:left;\">is generally recognised as an adjustment to the right-of-use asset. However, if the carrying amount of the right-of-</span><span style=\"display:inherit;clear:left;\">use asset is reduced to zero and there is a further reduction in the measurement of the lease liability, the remaining </span><span style=\"display:inherit;clear:left;\">measurement is recognised in profit or loss.</span><span style=\"display:inherit;clear:left;\">After initial recognition, right-of-use assets are measured at cost less any accumulated depreciations and accumulated </span><span style=\"display:inherit;clear:left;\">impairment losses. The assets are depreciated with a straight-line method from the commencement date to the shorter </span><span style=\"display:inherit;clear:left;\">of end of useful life of the right-of-use asset and the end of lease term. However, if the lease transfers ownership of the </span><span style=\"display:inherit;clear:left;\">asset to Finnair by the end of lease term or if the cost of the right-of-use asset reflects that Finnair will exercise a purchase </span><span style=\"display:inherit;clear:left;\">option, the right-of-use asset is depreciated from the commencement date to the end of useful life of the asset.</span><span style=\"display:inherit;clear:left;\">At Finnair aircraft lease contracts contain the interest rate implicit in the lease, even if the aircraft lease agreements </span><span style=\"display:inherit;clear:left;\">do not clearly define the interest rate implicit in the lease. Since the fair values of the aircraft are provided publicly </span><span style=\"display:inherit;clear:left;\">by third parties, Finnair is able to calculate the implicit interest rate for each qualifying aircraft operating lease. The </span><span style=\"display:inherit;clear:left;\">rate implicit in the lease is defined as the rate that causes the sum of the present value of the lease payments and the </span><span style=\"display:inherit;clear:left;\">present value of the unguaranteed residual value of the underlying asset at the end of the lease to equal the sum of </span><span style=\"display:inherit;clear:left;\">the fair value of the underlying asset and any initial direct costs of the lessor. The implicit interest rate is determined by </span><span style=\"display:inherit;clear:left;\">each aircraft lease contract separately.</span><span style=\"display:inherit;clear:left;\">For other lease contracts, an implicit interest rate cannot be usually determined. The incremental borrowing rate is </span><span style=\"display:inherit;clear:left;\">therefore used and it is determined by each class of assets separately, based on management estimate. </span><span style=\"display:inherit;clear:left;\">Aircraft lease contracts are usually denominated in foreign currency (US dollars) and the foreign currency lease </span><span style=\"display:inherit;clear:left;\">liabilities are revalued at each balance sheet date to the spot rate. The lease payments (lease payments made) are </span><span style=\"display:inherit;clear:left;\">accounted for as repayments of the lease liability and as interest expense.</span><span style=\"display:inherit;clear:left;\">The Group as lessor</span><span style=\"display:inherit;clear:left;\">Agreements, where the Group is the lessor, are accounted for as operating leases, when a substantial part of the risks </span><span style=\"display:inherit;clear:left;\">and rewards of ownership are not transferred to the lessee. The assets leased under operating lease are included </span><span style=\"display:inherit;clear:left;\">in the tangible assets and they are depreciated during their useful life. Depreciation is calculated using the same </span><span style=\"display:inherit;clear:left;\">principles as the tangible assets for own use. Under the provisions of certain aircraft lease agreements, the lessee </span><span style=\"display:inherit;clear:left;\">is required to pay periodic maintenance reserves which accumulate funds for aircraft maintenance. Advances </span><span style=\"display:inherit;clear:left;\">received for maintenance are recognised as liability, which is charged, when maintenance is done. The rents for </span><span style=\"display:inherit;clear:left;\">premises and aircraft are recognised in the income statement as other operating income over the lease term.</span><span style=\"display:inherit;clear:left;\">Agreements, where the Group is the lessor, are accounted for as finance leases, when a substantial part of the risks </span><span style=\"display:inherit;clear:left;\">and rewards of ownership are transferred to the lessee. Finnair recognises assets held under a finance lease in its </span><span style=\"display:inherit;clear:left;\">balance sheet and presents them as a receivable at an amount equal to the net investment of the lease which is equal </span><span style=\"display:inherit;clear:left;\">to the sum of the present values  <span class=\"_ _0\"></span> <span class=\"_ _0\"></span>of the lease income it will receive in the future and the unguaranteed residual value.</span><span style=\"display:inherit;clear:left;\">Finnair subleases aircraft and buildings as well as ground equipment from time to time,  which are classified either as </span><span style=\"display:inherit;clear:left;\">finance leases or operating leases based on the individual contract terms. A lease is classified on its commencement </span><span style=\"display:inherit;clear:left;\">2.2 Leasing arrangements</span><span style=\"display:inherit;clear:left;\">  The Group as lessee </span><span style=\"display:inherit;clear:left;\">Finnair assesses whether a contract that relates to tangible assets is, or contains, a lease in accordance with the IFRS </span><span style=\"display:inherit;clear:left;\">16. Lease agreements for tangible assets, where the contract conveys the right to use an identified asset for a period </span><span style=\"display:inherit;clear:left;\">of time in exchange for consideration, are classified as leases.</span><span style=\"display:inherit;clear:left;\">The lease term is the non-cancellable period for which a lessee has the right to use an underlying asset, together </span><span style=\"display:inherit;clear:left;\">with both periods covered by an option to extend the lease if Finnair is reasonably certain to exercise that option; and </span><span style=\"display:inherit;clear:left;\">periods covered by an option to terminate the lease if Finnair is reasonably certain not to exercise the option.</span><span style=\"display:inherit;clear:left;\">The lease recognition requirements are not applied to short-term leases, where at the commencement date, the </span><span style=\"display:inherit;clear:left;\">lease term is 12 months or less and does not contain a purchase option. Finnair considers the lease period to be the </span><span style=\"display:inherit;clear:left;\">period that is enforceable. Hence, for contracts where the contract term is non-fixed and Finnair has the right to </span><span style=\"display:inherit;clear:left;\">terminate the contract without the permission from the other party with no more than an insignificant penalty and </span><span style=\"display:inherit;clear:left;\">there are no other indications that the contract is enforceable, Finnair classifies these contracts as short-term. The </span><span style=\"display:inherit;clear:left;\">lease recognition requirements are also not applied to leases that are not material to Finnair.</span><span style=\"display:inherit;clear:left;\">For short-term leases and immaterial leases to which these exemptions are applied, the lease payments are </span><span style=\"display:inherit;clear:left;\">recognised as an expense on either a straight-line basis over the lease term, or on another systematic basis if that </span><span style=\"display:inherit;clear:left;\">basis is more representative of the pattern of Finnair\u2019s benefit.</span><span style=\"display:inherit;clear:left;\">date and is reassessed only if the lease is amended. At the commencement date, for the subleases, a net investment </span><span style=\"display:inherit;clear:left;\">(lease receivable), equaling to the present value of lease payments and the present value of the unguaranteed </span><span style=\"display:inherit;clear:left;\">residual value, is recognised. The proportion of the right-of-use asset subleased is derecognised from the balance </span><span style=\"display:inherit;clear:left;\">sheet and the difference between the right-of-use asset and the net investment is recognised in the profit or loss, in </span><span style=\"display:inherit;clear:left;\">other operating income and expenses. Subsequently, the lease payments received are accounted for as repayments </span><span style=\"display:inherit;clear:left;\">of the lease receivable and as interest income. </span><span style=\"display:inherit;clear:left;\">Sale and leaseback </span><span style=\"display:inherit;clear:left;\">In sale and leaseback transactions, where Finnair sells and then leases back aircraft, Finnair measures the right-of-</span><span style=\"display:inherit;clear:left;\">use asset arising from the leaseback at the proportion of the previous carrying amount of the asset that relates to the </span><span style=\"display:inherit;clear:left;\">right-of-use retained by the Group. Accordingly, Finnair recognises only the amount of any gain or loss that relates to </span><span style=\"display:inherit;clear:left;\">the rights transferred to the buyer-lessor.  <span class=\"_ _2f1\"> </span> </span><span style=\"display:inherit;clear:left;\">Leasing arrangements </span><span style=\"display:inherit;clear:left;\">Determining the interest rate and lease term used in discounting the lease payments, estimating the redelivery </span><span style=\"display:inherit;clear:left;\">obligations of aircraft leases and the classification of sublease agreements to operating and financial leases require </span><span style=\"display:inherit;clear:left;\">management discretion in interpretation and application of accounting standards. </span><span style=\"display:inherit;clear:left;\">The carrying value of the right-of-use assets are tested for impairment as part of cash generating unit at the balance </span><span style=\"display:inherit;clear:left;\">sheet date. More details is presented in the note 2.3.</span><span style=\"display:inherit;clear:left;\">Impairment testing</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-870-4": {
   "value": "<span style=\"display:inherit;clear:left;\">2.3 Depreciation and impairment</span><span style=\"display:inherit;clear:left;\">Depreciation</span><span style=\"display:inherit;clear:left;\">Depreciation of assets is determined based on their expected useful life or maintenance cycle and residual value. </span><span style=\"display:inherit;clear:left;\">Depreciation for all assets is calculated using straight-line method. Depreciation is started when the asset is available </span><span style=\"display:inherit;clear:left;\">for use. Depreciation is ceased when the asset is either classified as held for sale or derecognised. The useful life and </span><span style=\"display:inherit;clear:left;\">residual value for assets are described in more detail in the note 2.1. </span><span style=\"display:inherit;clear:left;\">Depreciation and impairment include both planned depreciations on fixed assets as well as impairment. The </span><span style=\"display:inherit;clear:left;\">depreciation of own fleet increased mainly due to nine purchased aircrafts.</span><span style=\"display:inherit;clear:left;\">An impairment of 13.7 million euro was recorded in 2023 related to lease agreements a land area and the </span><span style=\"display:inherit;clear:left;\">related building located in the airport area. The impairment was caused by low utilization of the leased property</span><span style=\"display:inherit;clear:left;\">resulting from reorganization of certain operational activities in cooperation with Nordic Regional Airlines AB. At </span><span style=\"display:inherit;clear:left;\">the end of the review period, the respective lease liability related to the property reported on the consolidated </span><span style=\"display:inherit;clear:left;\">balance sheet totalled to 13.4 million euro. </span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Amortisation of intangible assets<span class=\"_ _309\"> </span><span class=\"ws0\">1.0<span class=\"_ _108\"> </span>3.1</span></span><span style=\"display:inherit;clear:left;\">Depreciation of own fleet<span class=\"_ _30a\"> </span><span class=\"ws0\">139.5<span class=\"_ _149\"> </span>120.9</span></span><span style=\"display:inherit;clear:left;\">Depreciation of right-of-use fleet<span class=\"_ _30b\"> </span><span class=\"ws0\">156.9<span class=\"_ _46\"> </span>156.0</span></span><span style=\"display:inherit;clear:left;\">Depreciation of other tangible assets<span class=\"_ _30c\"> </span><span class=\"ws0\">14.3<span class=\"_ _41\"> </span>15.8</span></span><span style=\"display:inherit;clear:left;\">Depreciation of other right-of-use assets<span class=\"_ _247\"> </span><span class=\"ws0\">20.9<span class=\"_ _2d1\"> </span>21.3</span></span><span style=\"display:inherit;clear:left;\">Amortisation and depreciation<span class=\"_ _9a\"> </span><span class=\"ws0\">332.6<span class=\"_ _fc\"> </span>317.1</span></span><span style=\"display:inherit;clear:left;\">Impairment of assets<span class=\"_ _30d\"> </span><span class=\"ws0\">13.7<span class=\"_ _2be\"> </span>32.7</span></span><span style=\"display:inherit;clear:left;\">Impairment<span class=\"_ _2f\"> </span>13.7<span class=\"_ _3c\"> </span>32.7</span><span style=\"display:inherit;clear:left;\">Total <span class=\"_ _30e\"> </span>346.2<span class=\"_ _22a\"> </span>349.8</span><span style=\"display:inherit;clear:left;\">Total depreciation and impairment in income statement<span class=\"_ _30f\"> </span><span class=\"ws0\">346.2<span class=\"_ _22a\"> </span>349.8</span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesByNatureExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-870-5": {
   "value": "<span style=\"display:inherit;clear:left;\">2.3 Depreciation and impairment</span><span style=\"display:inherit;clear:left;\">Depreciation</span><span style=\"display:inherit;clear:left;\">Depreciation of assets is determined based on their expected useful life or maintenance cycle and residual value. </span><span style=\"display:inherit;clear:left;\">Depreciation for all assets is calculated using straight-line method. Depreciation is started when the asset is available </span><span style=\"display:inherit;clear:left;\">for use. Depreciation is ceased when the asset is either classified as held for sale or derecognised. The useful life and </span><span style=\"display:inherit;clear:left;\">residual value for assets are described in more detail in the note 2.1. </span><span style=\"display:inherit;clear:left;\">Depreciation and impairment include both planned depreciations on fixed assets as well as impairment. The </span><span style=\"display:inherit;clear:left;\">depreciation of own fleet increased mainly due to nine purchased aircrafts.</span><span style=\"display:inherit;clear:left;\">An impairment of 13.7 million euro was recorded in 2023 related to lease agreements a land area and the </span><span style=\"display:inherit;clear:left;\">related building located in the airport area. The impairment was caused by low utilization of the leased property</span><span style=\"display:inherit;clear:left;\">resulting from reorganization of certain operational activities in cooperation with Nordic Regional Airlines AB. At </span><span style=\"display:inherit;clear:left;\">the end of the review period, the respective lease liability related to the property reported on the consolidated </span><span style=\"display:inherit;clear:left;\">balance sheet totalled to 13.4 million euro. </span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Amortisation of intangible assets<span class=\"_ _309\"> </span><span class=\"ws0\">1.0<span class=\"_ _108\"> </span>3.1</span></span><span style=\"display:inherit;clear:left;\">Depreciation of own fleet<span class=\"_ _30a\"> </span><span class=\"ws0\">139.5<span class=\"_ _149\"> </span>120.9</span></span><span style=\"display:inherit;clear:left;\">Depreciation of right-of-use fleet<span class=\"_ _30b\"> </span><span class=\"ws0\">156.9<span class=\"_ _46\"> </span>156.0</span></span><span style=\"display:inherit;clear:left;\">Depreciation of other tangible assets<span class=\"_ _30c\"> </span><span class=\"ws0\">14.3<span class=\"_ _41\"> </span>15.8</span></span><span style=\"display:inherit;clear:left;\">Depreciation of other right-of-use assets<span class=\"_ _247\"> </span><span class=\"ws0\">20.9<span class=\"_ _2d1\"> </span>21.3</span></span><span style=\"display:inherit;clear:left;\">Amortisation and depreciation<span class=\"_ _9a\"> </span><span class=\"ws0\">332.6<span class=\"_ _fc\"> </span>317.1</span></span><span style=\"display:inherit;clear:left;\">Impairment of assets<span class=\"_ _30d\"> </span><span class=\"ws0\">13.7<span class=\"_ _2be\"> </span>32.7</span></span><span style=\"display:inherit;clear:left;\">Impairment<span class=\"_ _2f\"> </span>13.7<span class=\"_ _3c\"> </span>32.7</span><span style=\"display:inherit;clear:left;\">Total <span class=\"_ _30e\"> </span>346.2<span class=\"_ _22a\"> </span>349.8</span><span style=\"display:inherit;clear:left;\">Total depreciation and impairment in income statement<span class=\"_ _30f\"> </span><span class=\"ws0\">346.2<span class=\"_ _22a\"> </span>349.8</span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDepreciationAndAmortisationExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-876-6": {
   "value": "<span style=\"display:inherit;clear:left;\">Depreciation and impairment include both planned depreciations on fixed assets as well as impairment. The </span><span style=\"display:inherit;clear:left;\">depreciation of own fleet increased mainly due to nine purchased aircrafts.</span><span style=\"display:inherit;clear:left;\">An impairment of 13.7 million euro was recorded in 2023 related to lease agreements a land area and the </span><span style=\"display:inherit;clear:left;\">related building located in the airport area. The impairment was caused by low utilization of the leased property</span><span style=\"display:inherit;clear:left;\">resulting from reorganization of certain operational activities in cooperation with Nordic Regional Airlines AB. At </span><span style=\"display:inherit;clear:left;\">the end of the review period, the respective lease liability related to the property reported on the consolidated </span><span style=\"display:inherit;clear:left;\">balance sheet totalled to 13.4 million euro. </span><span style=\"display:inherit;clear:left;\">Impairment testing </span><span style=\"display:inherit;clear:left;\">Finnair reviews its fleet, other fixed assets and other non-current assets for indication of impairment on each balance </span><span style=\"display:inherit;clear:left;\">sheet date. The recoverable amount of an asset or a cash generating unit is determined as the higher of value in use </span><span style=\"display:inherit;clear:left;\">and the fair value less cost to sell. An impairment loss is recognized if an asset\u2019s recoverable amount is less than its </span><span style=\"display:inherit;clear:left;\">carrying amount. </span><span style=\"display:inherit;clear:left;\">The recoverable amount is defined for the cash generating unit, and the impairment is evaluated at the cash </span><span style=\"display:inherit;clear:left;\">generating unit level. Finnair is a network carrier with highly integrated fleet operations and it considers all its fleet </span><span style=\"display:inherit;clear:left;\">(including the right-of-use fleet) and other closely related assets as one cash-generating unit. Also intangible assets </span><span style=\"display:inherit;clear:left;\">with indefinite useful life have been identified to belong to the one cash-generating unit. Assets that are either idle or </span><span style=\"display:inherit;clear:left;\">held for sale are excluded from the cash-generating unit and reviewed for impairment separately.  </span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Amortisation of intangible assets<span class=\"_ _309\"> </span><span class=\"ws0\">1.0<span class=\"_ _108\"> </span>3.1</span></span><span style=\"display:inherit;clear:left;\">Depreciation of own fleet<span class=\"_ _30a\"> </span><span class=\"ws0\">139.5<span class=\"_ _149\"> </span>120.9</span></span><span style=\"display:inherit;clear:left;\">Depreciation of right-of-use fleet<span class=\"_ _30b\"> </span><span class=\"ws0\">156.9<span class=\"_ _46\"> </span>156.0</span></span><span style=\"display:inherit;clear:left;\">Depreciation of other tangible assets<span class=\"_ _30c\"> </span><span class=\"ws0\">14.3<span class=\"_ _41\"> </span>15.8</span></span><span style=\"display:inherit;clear:left;\">Depreciation of other right-of-use assets<span class=\"_ _247\"> </span><span class=\"ws0\">20.9<span class=\"_ _2d1\"> </span>21.3</span></span><span style=\"display:inherit;clear:left;\">Amortisation and depreciation<span class=\"_ _9a\"> </span><span class=\"ws0\">332.6<span class=\"_ _fc\"> </span>317.1</span></span><span style=\"display:inherit;clear:left;\">Impairment of assets<span class=\"_ _30d\"> </span><span class=\"ws0\">13.7<span class=\"_ _2be\"> </span>32.7</span></span><span style=\"display:inherit;clear:left;\">Impairment<span class=\"_ _2f\"> </span>13.7<span class=\"_ _3c\"> </span>32.7</span><span style=\"display:inherit;clear:left;\">Total <span class=\"_ _30e\"> </span>346.2<span class=\"_ _22a\"> </span>349.8</span><span style=\"display:inherit;clear:left;\">Total depreciation and impairment in income statement<span class=\"_ _30f\"> </span><span class=\"ws0\">346.2<span class=\"_ _22a\"> </span>349.8</span></span><span style=\"display:inherit;clear:left;\">Calculation of the recoverable amount</span><span style=\"display:inherit;clear:left;\">Finnair applies the value in use model as its primary method for determining the recoverable amount of the assets. </span><span style=\"display:inherit;clear:left;\">The value in use measurement is based on a discounted cash flow model where the cash flow projections are </span><span style=\"display:inherit;clear:left;\">based on Finnair\u2019s strategy approved by the Board of Directors and a management forecast covering a five-year </span><span style=\"display:inherit;clear:left;\">period. The cash flow projections beyond the five-year period are based on the management\u2019s long-term growth </span><span style=\"display:inherit;clear:left;\">assumptions. Preparation of the calculations used for impairment testing requires the use of significant management </span><span style=\"display:inherit;clear:left;\">judgement and estimates, which is why the actual outcome may differ from the current management estimates and </span><span style=\"display:inherit;clear:left;\">assumptions made. </span><span style=\"display:inherit;clear:left;\">Finnair has not identified indications of possible impairment in connection with the preparation of its 2023 </span><span style=\"display:inherit;clear:left;\">consolidated financial statements. As part of Finnair\u2019s internal process, in addition to the evaluation of separate </span><span style=\"display:inherit;clear:left;\">impairment indicators, Finnair\u2019s management prepares an annual impairment test which indicated no need </span><span style=\"display:inherit;clear:left;\">for impairment. In impairment testing, a possible change in any single key assumption would not result in an </span><span style=\"display:inherit;clear:left;\">impairment.</span><span style=\"display:inherit;clear:left;\">In 2022, Finnair still considered the adverse economic and business implications relating to the COVID-19 </span><span style=\"display:inherit;clear:left;\">pandemic and the closure of the Russian airspace as indications of possible impairment. Based on the </span><span style=\"display:inherit;clear:left;\">impairment test performed as at the end of 2022, the recoverable amount of the CGU (2,059.2 million euros) </span><span style=\"display:inherit;clear:left;\">exceeded the carrying value of the assets (1 ,635.0 million euros). The post-tax discount rate based on weighted </span><span style=\"display:inherit;clear:left;\">average cost of capital was 8.5% and pre-tax discount rate 9,9%. In order to consider the hightened uncertainty, </span><span style=\"display:inherit;clear:left;\">Finnair applied the expected cash flow approach which considered three forecast scenarios for which the </span><span style=\"display:inherit;clear:left;\">management had assigned different probabilities. The impairment testing and its assumptions are described in </span><span style=\"display:inherit;clear:left;\">more detail in the consolidated financial statements 2022.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfImpairmentOfAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-884-4": {
   "value": "<span style=\"display:inherit;clear:left;\">Impairment testing </span><span style=\"display:inherit;clear:left;\">Finnair reviews its fleet, other fixed assets and other non-current assets for indication of impairment on each balance </span><span style=\"display:inherit;clear:left;\">sheet date. The recoverable amount of an asset or a cash generating unit is determined as the higher of value in use </span><span style=\"display:inherit;clear:left;\">and the fair value less cost to sell. An impairment loss is recognized if an asset\u2019s recoverable amount is less than its </span><span style=\"display:inherit;clear:left;\">carrying amount. </span><span style=\"display:inherit;clear:left;\">The recoverable amount is defined for the cash generating unit, and the impairment is evaluated at the cash </span><span style=\"display:inherit;clear:left;\">generating unit level. Finnair is a network carrier with highly integrated fleet operations and it considers all its fleet </span><span style=\"display:inherit;clear:left;\">(including the right-of-use fleet) and other closely related assets as one cash-generating unit. Also intangible assets </span><span style=\"display:inherit;clear:left;\">with indefinite useful life have been identified to belong to the one cash-generating unit. Assets that are either idle or </span><span style=\"display:inherit;clear:left;\">held for sale are excluded from the cash-generating unit and reviewed for impairment separately.  </span><span style=\"display:inherit;clear:left;\">Calculation of the recoverable amount</span><span style=\"display:inherit;clear:left;\">Finnair applies the value in use model as its primary method for determining the recoverable amount of the assets. </span><span style=\"display:inherit;clear:left;\">The value in use measurement is based on a discounted cash flow model where the cash flow projections are </span><span style=\"display:inherit;clear:left;\">based on Finnair\u2019s strategy approved by the Board of Directors and a management forecast covering a five-year </span><span style=\"display:inherit;clear:left;\">period. The cash flow projections beyond the five-year period are based on the management\u2019s long-term growth </span><span style=\"display:inherit;clear:left;\">assumptions. Preparation of the calculations used for impairment testing requires the use of significant management </span><span style=\"display:inherit;clear:left;\">judgement and estimates, which is why the actual outcome may differ from the current management estimates and </span><span style=\"display:inherit;clear:left;\">assumptions made. </span><span style=\"display:inherit;clear:left;\">Impairment of financial assets</span><span style=\"display:inherit;clear:left;\">Finnair Group recognises impairment provisions based on lifetime expected credit losses from trade receivables </span><span style=\"display:inherit;clear:left;\">in accordance with IFRS 9. Finnair has chosen to apply a simplified credit loss matrix for trade receivables as trade </span><span style=\"display:inherit;clear:left;\">receivables do not have a significant financing component. Accordingly, the credit loss allowance is measured at an </span><span style=\"display:inherit;clear:left;\">amount equal to the lifetime expected credit losses. The expected credit loss model is forward-looking, and expected </span><span style=\"display:inherit;clear:left;\">default rates are based on historical realised credit losses. The lifetime expected credit loss allowance is calculated </span><span style=\"display:inherit;clear:left;\">using the gross carrying amount of outstanding trade receivables in each aging bucket and an expected default rate. </span><span style=\"display:inherit;clear:left;\">The changes in expected credit losses are recognised in other expenses in the consolidated income statement. More </span><span style=\"display:inherit;clear:left;\">information on the credit loss provision on trade receivables can be found in note 1.2.3. Receivables related to revenue.</span><span style=\"display:inherit;clear:left;\">The impairment model does not apply to financial investments, such as bonds and money market funds, included </span><span style=\"display:inherit;clear:left;\">in other financial assets as those are measured at fair value through profit and loss under IFRS 9, which already </span><span style=\"display:inherit;clear:left;\">takes into account expected credit losses. With respect to the assets measured at amortised cost, Finnair is actively </span><span style=\"display:inherit;clear:left;\">following such instruments and will recognise impairment through profit and loss if there is evidence of deterioration in </span><span style=\"display:inherit;clear:left;\">credit quality.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-884-5": {
   "value": "<span style=\"display:inherit;clear:left;\">Impairment testing </span><span style=\"display:inherit;clear:left;\">Finnair reviews its fleet, other fixed assets and other non-current assets for indication of impairment on each balance </span><span style=\"display:inherit;clear:left;\">sheet date. The recoverable amount of an asset or a cash generating unit is determined as the higher of value in use </span><span style=\"display:inherit;clear:left;\">and the fair value less cost to sell. An impairment loss is recognized if an asset\u2019s recoverable amount is less than its </span><span style=\"display:inherit;clear:left;\">carrying amount. </span><span style=\"display:inherit;clear:left;\">The recoverable amount is defined for the cash generating unit, and the impairment is evaluated at the cash </span><span style=\"display:inherit;clear:left;\">generating unit level. Finnair is a network carrier with highly integrated fleet operations and it considers all its fleet </span><span style=\"display:inherit;clear:left;\">(including the right-of-use fleet) and other closely related assets as one cash-generating unit. Also intangible assets </span><span style=\"display:inherit;clear:left;\">with indefinite useful life have been identified to belong to the one cash-generating unit. Assets that are either idle or </span><span style=\"display:inherit;clear:left;\">held for sale are excluded from the cash-generating unit and reviewed for impairment separately.  </span><span style=\"display:inherit;clear:left;\">Calculation of the recoverable amount</span><span style=\"display:inherit;clear:left;\">Finnair applies the value in use model as its primary method for determining the recoverable amount of the assets. </span><span style=\"display:inherit;clear:left;\">The value in use measurement is based on a discounted cash flow model where the cash flow projections are </span><span style=\"display:inherit;clear:left;\">based on Finnair\u2019s strategy approved by the Board of Directors and a management forecast covering a five-year </span><span style=\"display:inherit;clear:left;\">period. The cash flow projections beyond the five-year period are based on the management\u2019s long-term growth </span><span style=\"display:inherit;clear:left;\">assumptions. Preparation of the calculations used for impairment testing requires the use of significant management </span><span style=\"display:inherit;clear:left;\">judgement and estimates, which is why the actual outcome may differ from the current management estimates and </span><span style=\"display:inherit;clear:left;\">assumptions made. </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-918-2": {
   "value": "<span style=\"display:inherit;clear:left;\">3 Capital structure and financing costs</span><span style=\"display:inherit;clear:left;\">3.1 Financial income and expenses</span><span style=\"display:inherit;clear:left;\">The notes related to financial assets, liabilities and equity have been gathered into the capital structure and </span><span style=\"display:inherit;clear:left;\">financing costs-section in order to give a better overview of the Group\u2019s financial position. The note \u00b4Earnings </span><span style=\"display:inherit;clear:left;\">per share\u00b4 has been added to the equity section.</span><span style=\"display:inherit;clear:left;\">3.2 Financial assets</span><span style=\"display:inherit;clear:left;\">Financial assets</span><span style=\"display:inherit;clear:left;\">In the Group, financial assets have been classified into the following categories according to the IFRS 9 standard </span><span style=\"display:inherit;clear:left;\">\u201cFinancial Instruments\u201d: amortised cost and fair value through profit and loss. The classification is made at the time of </span><span style=\"display:inherit;clear:left;\">the original acquisition based on the objective of the business model and the characteristics of contractual cash flows </span><span style=\"display:inherit;clear:left;\">of the investment, or by applying a fair value option. All purchases and sales of financial assets are recognised on the </span><span style=\"display:inherit;clear:left;\">trade date. </span><span style=\"display:inherit;clear:left;\">Financial assets at fair value through profit and loss include such assets as investments in bonds and money market </span><span style=\"display:inherit;clear:left;\">funds. Financial assets at fair value through profit and loss have mainly been acquired to obtain a gain from short-</span><span style=\"display:inherit;clear:left;\">term changes in market prices. All those derivatives that do not fulfil the conditions for the application of hedge </span><span style=\"display:inherit;clear:left;\">accounting are classified as financial assets at fair value through profit and loss and are valued at fair value in each </span><span style=\"display:inherit;clear:left;\">financial statement. Realised and unrealised gains and losses arising from changes in fair value are recognised in the </span><span style=\"display:inherit;clear:left;\">income statement in the period in which they arise. Financial assets recognised at fair value through profit and loss, as </span><span style=\"display:inherit;clear:left;\">well as those maturing within 12 months, are included in current assets. </span><span style=\"display:inherit;clear:left;\">In Finnair Group, unquoted shares are valued at their acquisition price in the absence of a reliable fair value. </span><span style=\"display:inherit;clear:left;\">Investments in debt securities are measured at amortised cost, but only when the objective of the business model is </span><span style=\"display:inherit;clear:left;\">to hold the asset to collect the contractual cash flows and the asset\u2019s contractual cash flows represent only payments </span><span style=\"display:inherit;clear:left;\">of principal and interest. Financial assets recognised at amortised cost are valued using the effective interest method. </span><span style=\"display:inherit;clear:left;\">Financial assets valued at amortised cost include trade receivables and security deposits for aircraft operating lease </span><span style=\"display:inherit;clear:left;\">agreements. Due to the nature of short-term receivables and other receivables, their book value is expected to be </span><span style=\"display:inherit;clear:left;\">equal to the fair value.</span><span style=\"display:inherit;clear:left;\">Derecognition of financial assets takes place when the Group has lost its contractual right to receive cash flows or </span><span style=\"display:inherit;clear:left;\">when it has substantially transferred the risks and rewards outside the Group.</span><span style=\"display:inherit;clear:left;\">Impairment of financial assets</span><span style=\"display:inherit;clear:left;\">Finnair Group recognises impairment provisions based on lifetime expected credit losses from trade receivables </span><span style=\"display:inherit;clear:left;\">in accordance with IFRS 9. Finnair has chosen to apply a simplified credit loss matrix for trade receivables as trade </span><span style=\"display:inherit;clear:left;\">receivables do not have a significant financing component. Accordingly, the credit loss allowance is measured at an </span><span style=\"display:inherit;clear:left;\">amount equal to the lifetime expected credit losses. The expected credit loss model is forward-looking, and expected </span><span style=\"display:inherit;clear:left;\">default rates are based on historical realised credit losses. The lifetime expected credit loss allowance is calculated </span><span style=\"display:inherit;clear:left;\">using the gross carrying amount of outstanding trade receivables in each aging bucket and an expected default rate. </span><span style=\"display:inherit;clear:left;\">The changes in expected credit losses are recognised in other expenses in the consolidated income statement. More </span><span style=\"display:inherit;clear:left;\">information on the credit loss provision on trade receivables can be found in note 1.2.3. Receivables related to revenue.</span><span style=\"display:inherit;clear:left;\">The impairment model does not apply to financial investments, such as bonds and money market funds, included </span><span style=\"display:inherit;clear:left;\">in other financial assets as those are measured at fair value through profit and loss under IFRS 9, which already </span><span style=\"display:inherit;clear:left;\">takes into account expected credit losses. With respect to the assets measured at amortised cost, Finnair is actively </span><span style=\"display:inherit;clear:left;\">following such instruments and will recognise impairment through profit and loss if there is evidence of deterioration in </span><span style=\"display:inherit;clear:left;\">credit quality.</span><span style=\"display:inherit;clear:left;\">3.2.1 Other current financial assets</span><span style=\"display:inherit;clear:left;\">As of 31 December 2023, investments in instruments issued by unrated counterparties mostly include investments</span><span style=\"display:inherit;clear:left;\">in money market funds (EUR 723.4 million euro).</span><span style=\"display:inherit;clear:left;\">The Group\u2019s financial asset investments and risk management policy are described in more detail in Note 3.5 </span><span style=\"display:inherit;clear:left;\">Management of financial risks. The IFRS classifications and fair values of the financial assets are presented in </span><span style=\"display:inherit;clear:left;\">Note 3.6 Classification of financial assets and liabilities.</span><span style=\"display:inherit;clear:left;\">3.3 Financial liabilities</span><span style=\"display:inherit;clear:left;\">   Financial liabilities</span><span style=\"display:inherit;clear:left;\">Finnair Group\u2019s financial liabilities are classified into two different classes: amortised cost and fair value through profit </span><span style=\"display:inherit;clear:left;\">and loss. Financial liabilities are initially recognised at fair value on the basis of the original consideration received. </span><span style=\"display:inherit;clear:left;\">Transaction costs have been included in the original book value of financial liabilities. Thereafter, all non-derivative </span><span style=\"display:inherit;clear:left;\">financial liabilities are valued at amortised cost using the effective interest method. Financial liabilities are included </span><span style=\"display:inherit;clear:left;\">in long- and short-term liabilities, and they can be interest-bearing or non-interest-bearing. Loans that are due for </span><span style=\"display:inherit;clear:left;\">payment within 12 months are presented in the short-term liabilities. Foreign currency loans are valued at the mid-</span><span style=\"display:inherit;clear:left;\">market exchange rate on the closing date, and translation differences are recognised in the financial items.</span><span style=\"display:inherit;clear:left;\">Accounts payable are initially recognised at fair value and subsequently measured at amortised cost using the </span><span style=\"display:inherit;clear:left;\">effective interest method.</span><span style=\"display:inherit;clear:left;\">Derecognition of financial liabilities takes place when the Group has fulfilled the contractual obligations. </span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Commercial paper, certificates and bonds<span class=\"_ _317\"> </span><span class=\"ws0\">53.4<span class=\"_ _47\"> </span>47.8</span></span><span style=\"display:inherit;clear:left;\">Money market funds<span class=\"_ _318\"> </span><span class=\"ws0\">723.4<span class=\"_ _59\"> </span>690.8</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _319\"> </span>776.8<span class=\"_ _57\"> </span>738.6</span><span style=\"display:inherit;clear:left;\">Ratings of counterparties</span><span style=\"display:inherit;clear:left;\">Better than A</span><span style=\"display:inherit;clear:left;\">A<span class=\"_ _31a\"> </span>-<span class=\"_ _2c3\"> </span>11.0</span><span style=\"display:inherit;clear:left;\">BBB<span class=\"_ _1c2\"> </span>21.7<span class=\"_ _41\"> </span>12.0</span><span style=\"display:inherit;clear:left;\">BB<span class=\"_ _31b\"> </span>3.9<span class=\"_ _1cf\"> </span>2.0</span><span style=\"display:inherit;clear:left;\">Unrated<span class=\"_ _31c\"> </span>751.2<span class=\"_ _2ec\"> </span>713.7</span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _319\"> </span>776.8<span class=\"_ _57\"> </span>738.6</span><span style=\"display:inherit;clear:left;\">Non-current liabilities</span><span style=\"display:inherit;clear:left;\">Finnair\u2019s interest-bearing liabilies decreased during the financial year 2023. Most significant financing </span><span style=\"display:inherit;clear:left;\">transactions affecting interest-bearing liabilities during 2023 were the repayments of the pension premium loan </span><span style=\"display:inherit;clear:left;\">of 100 million euro during June 2023 and 220 million euro during December 2023. Non-interest-bearing liabilities </span><span style=\"display:inherit;clear:left;\">mainly include leases and maintenance reserves related to the aircraft leased to other airlines.</span><span style=\"display:inherit;clear:left;\">The Group\u2019s JOLCO loans and other include the JOLCO loans (Japanese Operating Lease with Call </span><span style=\"display:inherit;clear:left;\">Option) for three A350 aircraft and export credit support for one A350 aircraft. Export credit support is a </span><span style=\"display:inherit;clear:left;\">debt arrangement to finance aircraft. The transactions are treated as loans and owned aircraft in Finnair\u2019s </span><span style=\"display:inherit;clear:left;\">accounting. Non-interest-bearing liabilities mainly include leases and maintenance reserves related to the </span><span style=\"display:inherit;clear:left;\">aircraft leased to other airlines.</span><span style=\"display:inherit;clear:left;\">Current interest-bearing liabilities</span><span style=\"display:inherit;clear:left;\">JOLCO loans and other include the JOLCO loans (Japanese Operating Lease with Call Option) for three A350 </span><span style=\"display:inherit;clear:left;\">aircraft and export credit support for one A350 aircraft. The transactions are treated as loans and owned </span><span style=\"display:inherit;clear:left;\">aircraft in Finnair\u2019s accounting.</span><span style=\"display:inherit;clear:left;\">Fair values of interest-bearing liabilities (excluding lease liabilities) have been calculated by discounting the </span><span style=\"display:inherit;clear:left;\">expected cash flows using the market interest rate and company\u2019s credit risk premium at the reporting date. </span><span style=\"display:inherit;clear:left;\">Fair value of bonds has been calculated by using the quoted price of reporting date (97.2).</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Loans from financial institutions, non-current<span class=\"_ _31e\"> </span><span class=\"ws0\">199.8<span class=\"_ _232\"> </span>399.2</span></span><span style=\"display:inherit;clear:left;\">JOLCO loans and other<span class=\"_ _31d\"> </span><span class=\"ws0\">209.2<span class=\"_ _39\"> </span>261.3</span></span><span style=\"display:inherit;clear:left;\">Bonds<span class=\"_ _31f\"> </span>381.3<span class=\"_ _c1\"> </span>397.9</span><span style=\"display:inherit;clear:left;\">Lease liabilities<span class=\"_ _320\"> </span><span class=\"ws0\">951.0<span class=\"_ _189\"> </span>1,128.0</span></span><span style=\"display:inherit;clear:left;\">Interest-bearing liabilities total<span class=\"_ _316\"> </span><span class=\"ws0\">1,741.3<span class=\"_ _77\"> </span>2,186.4</span></span><span style=\"display:inherit;clear:left;\">Non-interest-bearing liabilities<span class=\"_ _321\"> </span><span class=\"ws0\">6.9<span class=\"_ _295\"> </span>6.3</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _322\"> </span>1,748.1<span class=\"_ _c0\"> </span>2,192.7</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Loans from financial institutions, current<span class=\"_ _323\"> </span><span class=\"ws0\">80.0<span class=\"_ _46\"> </span>199.6</span></span><span style=\"display:inherit;clear:left;\">JOLCO loans and other<span class=\"_ _ad\"> </span><span class=\"ws0\">40.4<span class=\"_ _10c\"> </span>40.4</span></span><span style=\"display:inherit;clear:left;\">Lease liabilities<span class=\"_ _320\"> </span><span class=\"ws0\">164.0<span class=\"_ _c1\"> </span>202.7</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _284\"> </span>284.3<span class=\"_ _58\"> </span>442.7</span><span style=\"display:inherit;clear:left;\">Fair value<span class=\"_ _167\"> </span>Book value</span><span style=\"display:inherit;clear:left;\">Interest-bearing liabilities, EUR in millions<span class=\"_ _40\"> </span> 2023<span class=\"_ _226\"> </span> 2022<span class=\"_ _226\"> </span> 2023<span class=\"_ _59\"> </span><span class=\"ws0\">2022</span></span><span style=\"display:inherit;clear:left;\">Lease liabilities<span class=\"_ _1a2\"> </span><span class=\"ws0\">1115.0<span class=\"_ _226\"> </span>1330.7<span class=\"_ _f1\"> </span>1115.0<span class=\"_ _20d\"> </span>1330.7</span></span><span style=\"display:inherit;clear:left;\">Loans from financial institutions<span class=\"_ _19e\"> </span><span class=\"ws0\">272.1<span class=\"_ _39\"> </span>512.9<span class=\"_ _149\"> </span>279.7<span class=\"_ _f1\"> </span>598.8</span></span><span style=\"display:inherit;clear:left;\">Bonds<span class=\"_ _2c5\"> </span>371.9<span class=\"_ _f7\"> </span>298.0<span class=\"_ _39\"> </span>381.3<span class=\"_ _e9\"> </span>397.9</span><span style=\"display:inherit;clear:left;\">JOLCO loans and other<span class=\"_ _324\"> </span><span class=\"ws0\">231.9<span class=\"_ _fc\"> </span>217.3<span class=\"_ _232\"> </span>249.5<span class=\"_ _46\"> </span>301.8</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _325\"> </span>1,990.9<span class=\"_ _129\"> </span>2,358.9<span class=\"_ _1fa\"> </span>2,025.6<span class=\"_ _b7\"> </span>2,629.2</span><span style=\"display:inherit;clear:left;\">Maturity dates of interest-bearing financial </span><span style=\"display:inherit;clear:left;\">liabilities 31 Dec 2023 EUR mill.<span class=\"_ _95\"> </span><span class=\"ws0\">2024<span class=\"_ _114\"> </span>2025<span class=\"_ _113\"> </span>2026<span class=\"_ _11c\"> </span>2027<span class=\"_ _d8\"> </span>2028<span class=\"_ _1ef\"> </span>Later<span class=\"_ _19\"> </span>Total</span></span><span style=\"display:inherit;clear:left;\">JOLCO loans and other, fixed interest<span class=\"_ _2b4\"> </span><span class=\"ws0\">-<span class=\"_ _32a\"> </span>23.4<span class=\"_ _106\"> </span>11.7<span class=\"_ _b9\"> </span>-<span class=\"_ _12f\"> </span>-<span class=\"_ _12f\"> </span>-<span class=\"_ _6c\"> </span>35.1</span></span><span style=\"display:inherit;clear:left;\">JOLCO loans and other, variable interest<span class=\"_ _2bb\"> </span><span class=\"ws0\">40.4<span class=\"_ _bd\"> </span>85.9<span class=\"_ _be\"> </span>31.9<span class=\"_ _18\"> </span>10.0<span class=\"_ _32b\"> </span>10.1<span class=\"_ _32a\"> </span>39.3<span class=\"_ _32c\"> </span>217.5</span></span><span style=\"display:inherit;clear:left;\">Loans from financial institutions, variable interest<span class=\"_ _70\"> </span><span class=\"ws0\">80.0<span class=\"_ _114\"> </span>200.0<span class=\"_ _12f\"> </span>-<span class=\"_ _12f\"> </span>-<span class=\"_ _12f\"> </span>-<span class=\"_ _12f\"> </span>-<span class=\"_ _7a\"> </span>280.0</span></span><span style=\"display:inherit;clear:left;\">Bonds, fixed interest<span class=\"_ _32d\"> </span><span class=\"ws0\">-<span class=\"_ _e\"> </span>382.5<span class=\"_ _b9\"> </span>-<span class=\"_ _12f\"> </span>-<span class=\"_ _12f\"> </span>-<span class=\"_ _12f\"> </span>-<span class=\"_ _e\"> </span>382.5</span></span><span style=\"display:inherit;clear:left;\">Lease liabilities, fixed interest<span class=\"_ _1ea\"> </span><span class=\"ws0\">127.6<span class=\"_ _bc\"> </span>131.9<span class=\"_ _11d\"> </span>101.8<span class=\"_ _32a\"> </span>89.7<span class=\"_ _bd\"> </span>68.5<span class=\"_ _36\"> </span>329.0<span class=\"_ _36\"> </span>848.5</span></span><span style=\"display:inherit;clear:left;\">Lease liabilities, variable interest<span class=\"_ _186\"> </span><span class=\"ws0\">36.4<span class=\"_ _bd\"> </span>36.4<span class=\"_ _bd\"> </span>35.9<span class=\"_ _79\"> </span>37.7<span class=\"_ _122\"> </span>35.0<span class=\"_ _32a\"> </span>85.2<span class=\"_ _6a\"> </span>266.5</span></span><span style=\"display:inherit;clear:left;\">Interest-bearing financial liabilities total<span class=\"_ _e1\"> </span><span class=\"ws0\">284.4<span class=\"_ _36\"> </span>860.1<span class=\"_ _32e\"> </span>181.2<span class=\"_ _32f\"> </span>137.3<span class=\"_ _32c\"> </span>113.7<span class=\"_ _113\"> </span>453.4<span class=\"_ _1e\"> </span>2,030.1</span></span><span style=\"display:inherit;clear:left;\">Payments from currency derivatives<span class=\"_ _19c\"> </span><span class=\"ws0\">872.4<span class=\"_ _bb\"> </span>2.3<span class=\"_ _26e\"> </span>2.7<span class=\"_ _12f\"> </span>-<span class=\"_ _b3\"> </span>1.7<span class=\"_ _12f\"> </span>-<span class=\"_ _32e\"> </span>879.1</span></span><span style=\"display:inherit;clear:left;\">Income from currency derivatives<span class=\"_ _35\"> </span><span class=\"ws0\">-864.9<span class=\"_ _12f\"> </span>-<span class=\"_ _12f\"> </span>-<span class=\"_ _12f\"> </span>-<span class=\"_ _12f\"> </span>-<span class=\"_ _12f\"> </span>-<span class=\"_ _1ef\"> </span>-864.9</span></span><span style=\"display:inherit;clear:left;\">Commodity derivatives<span class=\"_ _330\"> </span><span class=\"ws0\">15.8<span class=\"_ _78\"> </span>1.5<span class=\"_ _12f\"> </span>-<span class=\"_ _b9\"> </span>-<span class=\"_ _12f\"> </span>-<span class=\"_ _12f\"> </span>-<span class=\"_ _26f\"> </span>17.4</span></span><span style=\"display:inherit;clear:left;\">Trade payables and other liabilities<span class=\"_ _141\"> </span><span class=\"ws0\">274.1<span class=\"_ _12f\"> </span>-<span class=\"_ _12f\"> </span>-<span class=\"_ _12f\"> </span>-<span class=\"_ _12f\"> </span>-<span class=\"_ _12f\"> </span>-<span class=\"_ _270\"> </span>274.1</span></span><span style=\"display:inherit;clear:left;\">Interest payments<span class=\"_ _139\"> </span><span class=\"ws0\">96.8<span class=\"_ _137\"> </span>73.2<span class=\"_ _be\"> </span>45.1<span class=\"_ _bd\"> </span>34.6<span class=\"_ _18\"> </span>27.6<span class=\"_ _79\"> </span>84.1<span class=\"_ _32e\"> </span>361.3</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _331\"> </span>678.5<span class=\"_ _11c\"> </span>937.2<span class=\"_ _e\"> </span>229.1<span class=\"_ _32c\"> </span>171.9<span class=\"_ _6a\"> </span>142.9<span class=\"_ _36\"> </span>537.5<span class=\"_ _2f1\"> </span>2,697.0</span><span style=\"display:inherit;clear:left;\">Short-</span><span style=\"display:inherit;clear:left;\">Long-</span><span style=\"display:inherit;clear:left;\">Short-term </span><span style=\"display:inherit;clear:left;\">Long-term </span><span style=\"display:inherit;clear:left;\">term lease </span><span style=\"display:inherit;clear:left;\">term lease </span><span style=\"display:inherit;clear:left;\">borrowings</span><span style=\"display:inherit;clear:left;\">borrowings</span><span style=\"display:inherit;clear:left;\">liabilities</span><span style=\"display:inherit;clear:left;\">liabilities<span class=\"_ _226\"> </span>Total</span><span style=\"display:inherit;clear:left;\">Total liabilities from financing </span><span style=\"display:inherit;clear:left;\">activities, 1 January 2022<span class=\"_ _a2\"> </span><span class=\"ws0\">441.7<span class=\"_ _58\"> </span>986.2<span class=\"_ _eb\"> </span>176.9<span class=\"_ _21a\"> </span>1,204.1<span class=\"_ _12f\"> </span>2,808.9</span></span><span style=\"display:inherit;clear:left;\">Repayments<span class=\"_ _2d7\"> </span>-144.0<span class=\"_ _22\"> </span>-<span class=\"_ _58\"> </span>-193.4<span class=\"_ _22\"> </span>-<span class=\"_ _204\"> </span>-337.4</span><span style=\"display:inherit;clear:left;\">Additions<span class=\"_ _1ae\"> </span>-<span class=\"_ _22\"> </span>-<span class=\"_ _5e\"> </span>3.9<span class=\"_ _3c\"> </span>69.2<span class=\"_ _329\"> </span>73.1</span><span style=\"display:inherit;clear:left;\">Decreases<span class=\"_ _25c\"> </span>-<span class=\"_ _2e1\"> </span>-<span class=\"_ _22\"> </span>-<span class=\"_ _329\"> </span>-5.7<span class=\"_ _3b\"> </span>-5.7</span><span style=\"display:inherit;clear:left;\">Foreign exchange adjustments<span class=\"_ _a6\"> </span><span class=\"ws0\">-<span class=\"_ _41\"> </span>14.4<span class=\"_ _f3\"> </span>9.1<span class=\"_ _3c\"> </span>66.5<span class=\"_ _e1\"> </span>90.0</span></span><span style=\"display:inherit;clear:left;\">Reclassification between short-</span><span style=\"display:inherit;clear:left;\">term and long-term liabilities<span class=\"_ _9d\"> </span><span class=\"ws0\">-57.2<span class=\"_ _2be\"> </span>57.2<span class=\"_ _149\"> </span>206.1<span class=\"_ _b5\"> </span>-206.1<span class=\"_ _295\"> </span>0.0</span></span><span style=\"display:inherit;clear:left;\">Other non-cash movements<span class=\"_ _127\"> </span><span class=\"ws0\">-<span class=\"_ _56\"> </span>0.6<span class=\"_ _2e1\"> </span>-<span class=\"_ _22\"> </span>-<span class=\"_ _51\"> </span>0.2</span></span><span style=\"display:inherit;clear:left;\">Total liabilities from financing </span><span style=\"display:inherit;clear:left;\">activities, 31 December 2022<span class=\"_ _b0\"> </span><span class=\"ws0\">240.0<span class=\"_ _104\"> </span>1,058.4<span class=\"_ _59\"> </span>202.7<span class=\"_ _21a\"> </span>1,128.0<span class=\"_ _fb\"> </span>2,629.1</span></span><span style=\"display:inherit;clear:left;\">Short-</span><span style=\"display:inherit;clear:left;\">Long-</span><span style=\"display:inherit;clear:left;\">Short-term </span><span style=\"display:inherit;clear:left;\">Long-term </span><span style=\"display:inherit;clear:left;\">term lease </span><span style=\"display:inherit;clear:left;\">term lease </span><span style=\"display:inherit;clear:left;\">borrowings</span><span style=\"display:inherit;clear:left;\">borrowings</span><span style=\"display:inherit;clear:left;\">liabilities</span><span style=\"display:inherit;clear:left;\">liabilities<span class=\"_ _226\"> </span>Total</span><span style=\"display:inherit;clear:left;\">Total liabilities from financing </span><span style=\"display:inherit;clear:left;\">activities, 1 January 2023<span class=\"_ _326\"> </span><span class=\"ws0\">240.0<span class=\"_ _104\"> </span>1,058.4<span class=\"_ _59\"> </span>202.7<span class=\"_ _21a\"> </span>1,128.0<span class=\"_ _77\"> </span>2,629.1</span></span><span style=\"display:inherit;clear:left;\">Repayments<span class=\"_ _327\"> </span>-239.8<span class=\"_ _f7\"> </span>-137.5<span class=\"_ _c1\"> </span>-198.1<span class=\"_ _22\"> </span>-<span class=\"_ _204\"> </span>-575.5</span><span style=\"display:inherit;clear:left;\">Acquisitions<span class=\"_ _328\"> </span>-<span class=\"_ _2e1\"> </span>-<span class=\"_ _108\"> </span>3.1<span class=\"_ _d4\"> </span>73.1<span class=\"_ _10b\"> </span>76.1</span><span style=\"display:inherit;clear:left;\">Decreases<span class=\"_ _25c\"> </span>-<span class=\"_ _2e1\"> </span>-<span class=\"_ _22\"> </span>-<span class=\"_ _5a\"> </span>-56.9<span class=\"_ _39\"> </span>-56.9</span><span style=\"display:inherit;clear:left;\">Foreign exchange adjustments<span class=\"_ _a6\"> </span><span class=\"ws0\">-<span class=\"_ _e1\"> </span>-12.4<span class=\"_ _d4\"> </span>-5.7<span class=\"_ _2ec\"> </span>-31.0<span class=\"_ _fd\"> </span>-49.1</span></span><span style=\"display:inherit;clear:left;\">Reclassification between short-</span><span style=\"display:inherit;clear:left;\">term and long-term liabilities<span class=\"_ _97\"> </span><span class=\"ws0\">120.0<span class=\"_ _b5\"> </span>-120.0<span class=\"_ _fd\"> </span>162.1<span class=\"_ _e9\"> </span>-162.1<span class=\"_ _182\"> </span>0.0</span></span><span style=\"display:inherit;clear:left;\">Other non-cash movements<span class=\"_ _6d\"> </span><span class=\"ws0\">0.1<span class=\"_ _109\"> </span>1.7<span class=\"_ _22\"> </span>-<span class=\"_ _2e1\"> </span>-<span class=\"_ _d2\"> </span>1.8</span></span><span style=\"display:inherit;clear:left;\">Total liabilities from financing </span><span style=\"display:inherit;clear:left;\">activities, 31 December 2023<span class=\"_ _259\"> </span><span class=\"ws0\">120.3<span class=\"_ _59\"> </span>790.2<span class=\"_ _f7\"> </span>164.0<span class=\"_ _bf\"> </span>951.1<span class=\"_ _68\"> </span>2,025.6</span></span><span style=\"display:inherit;clear:left;\">The interest rate re-fixing period is three months for variable interest loans and for variable interest lease </span><span style=\"display:inherit;clear:left;\">liabilities. The bonds maturing do not include the amortised cost of 1.2 million paid in 2021 and due on 2025. </span><span style=\"display:inherit;clear:left;\">JOLCO loans do not include the amortised cost of 3.1 million euros paid on 2016 and due in 2025 and loans from </span><span style=\"display:inherit;clear:left;\">financial institutions do not include 0.3 million euros paid as an arrangement fee from the pension premium loan </span><span style=\"display:inherit;clear:left;\">in 2022. Therefore, the total amount of interest-bearing financial liabilities differs from the book value by the </span><span style=\"display:inherit;clear:left;\">amount equal to the amortised costs. Finnair has repaid 320 million euro of the pension premium loan during </span><span style=\"display:inherit;clear:left;\">2023. The remaining loan amount is 280 million euros and has an amortization schedule of one 80 million euro </span><span style=\"display:inherit;clear:left;\">and one 200 million euro instalments. The first instalment of 80 million euro is due during the second quarter of </span><span style=\"display:inherit;clear:left;\">2024 and the second one of 200 million euro is due during the second quarter of 2025.</span><span style=\"display:inherit;clear:left;\">The minimum lease payments, discount values and present values of lease liabilities are presented in note 2.2 </span><span style=\"display:inherit;clear:left;\">Leasing arrangements.</span><span style=\"display:inherit;clear:left;\">The currency mix of interest-bearing liabilities is as follows:</span><span style=\"display:inherit;clear:left;\">The weighted average effective interest rate on interest-bearing liabilities was 5.0% (4.0%).</span><span style=\"display:inherit;clear:left;\">Interest rate re-fixing period of interest-bearing liabilities</span><span style=\"display:inherit;clear:left;\">State aid relating to Finnair\u2019s refinancing</span><span style=\"display:inherit;clear:left;\">State aid in rights issue</span><span style=\"display:inherit;clear:left;\">Finnair announced on 27 October 2023 the terms and conditions of the planned rights issue and completed the </span><span style=\"display:inherit;clear:left;\">rights issue on 23 November 2023. The gross proceeds from the rights issue were announced to be approximately </span><span style=\"display:inherit;clear:left;\">570 million euros by offering up to 19,012,413,069 offer shares for subscription in the Offering with pre-emptive </span><span style=\"display:inherit;clear:left;\">rights for existing shareholders in Finnair.</span><span style=\"display:inherit;clear:left;\">State of Finland irrevocably committed to subscribe for their respective pro rata share of the offering subject </span><span style=\"display:inherit;clear:left;\">to customary terms and conditions of the right issue. The participation of the State of Finland to the rights issue </span><span style=\"display:inherit;clear:left;\">was paid by offsetting the aggregate subscription price against a corresponding amount of the principal of the </span><span style=\"display:inherit;clear:left;\">capital loan. The overall offset amount was approximately 318.6 million euros and after the completion of the </span><span style=\"display:inherit;clear:left;\">rights issue Finnair repaid the remainder of the capital loan of approximately 81.4 million euros, to the State of </span><span style=\"display:inherit;clear:left;\">Finland. In addition, Finnair paid the related interest and other fees of 48.9 million euros to the State. Therefore the </span><span style=\"display:inherit;clear:left;\">capital loan has been fully repaid and is no longer part of Finnair\u2019s balance sheet.</span><span style=\"display:inherit;clear:left;\">State aid in pension premium loan extension</span><span style=\"display:inherit;clear:left;\">The EU Commission\u2019s competition authority approved the extension of the 540-million-euro guarantee related </span><span style=\"display:inherit;clear:left;\">to the pension premium loan on 20 June 2022. The pension premium loan maturity is extended until 2025 and the </span><span style=\"display:inherit;clear:left;\">repayment schedule is amended so that the company will amortise the loan by 100 million euros every 6 months. </span><span style=\"display:inherit;clear:left;\">However, the remaining two 100-million-euro tranches will be paid in full on 15 May 2025. In accordance with the </span><span style=\"display:inherit;clear:left;\">loan terms, the pension premium loan is required to have a guarantee. The guarantee is granted by the State of </span><span style=\"display:inherit;clear:left;\">Finland and a commercial bank..</span><span style=\"display:inherit;clear:left;\">Maturity dates of interest-bearing financial </span><span style=\"display:inherit;clear:left;\">liabilities 31 Dec 2022 EUR mill.<span class=\"_ _b1\"> </span><span class=\"ws0\">2023<span class=\"_ _113\"> </span>2024<span class=\"_ _114\"> </span>2025<span class=\"_ _113\"> </span>2026<span class=\"_ _11c\"> </span>2027<span class=\"_ _1ef\"> </span>Later<span class=\"_ _1f1\"> </span>Total</span></span><span style=\"display:inherit;clear:left;\">JOLCO loans and other, fixed interest<span class=\"_ _2b4\"> </span><span class=\"ws0\">-<span class=\"_ _b9\"> </span>-<span class=\"_ _14a\"> </span>26.0<span class=\"_ _be\"> </span>13.0<span class=\"_ _b9\"> </span>-<span class=\"_ _b9\"> </span>-<span class=\"_ _122\"> </span>39.0</span></span><span style=\"display:inherit;clear:left;\">JOLCO loans and other, variable interest<span class=\"_ _2bb\"> </span><span class=\"ws0\">40.4<span class=\"_ _be\"> </span>41.8<span class=\"_ _ea\"> </span>89.0<span class=\"_ _bd\"> </span>33.0<span class=\"_ _79\"> </span>10.3<span class=\"_ _6c\"> </span>51.2<span class=\"_ _6a\"> </span>265.8</span></span><span style=\"display:inherit;clear:left;\">Loans from financial institutions, variable interest<span class=\"_ _bc\"> </span><span class=\"ws0\">200.0<span class=\"_ _114\"> </span>200.0<span class=\"_ _113\"> </span>200.0<span class=\"_ _12f\"> </span>-<span class=\"_ _12f\"> </span>-<span class=\"_ _12f\"> </span>-<span class=\"_ _d8\"> </span>600.0</span></span><span style=\"display:inherit;clear:left;\">Bonds, fixed interest<span class=\"_ _32d\"> </span><span class=\"ws0\">-<span class=\"_ _b9\"> </span>-<span class=\"_ _d8\"> </span>400.0<span class=\"_ _12f\"> </span>-<span class=\"_ _12f\"> </span>-<span class=\"_ _12f\"> </span>-<span class=\"_ _d8\"> </span>400.0</span></span><span style=\"display:inherit;clear:left;\">Lease liabilities, fixed interest<span class=\"_ _196\"> </span><span class=\"ws0\">144.4<span class=\"_ _271\"> </span>148.0<span class=\"_ _6b\"> </span>150.0<span class=\"_ _271\"> </span>104.6<span class=\"_ _bd\"> </span>86.3<span class=\"_ _6b\"> </span>353.7<span class=\"_ _6a\"> </span>987.0</span></span><span style=\"display:inherit;clear:left;\">Lease liabilities, variable interest<span class=\"_ _332\"> </span><span class=\"ws0\">58.2<span class=\"_ _137\"> </span>61.0<span class=\"_ _6c\"> </span>51.5<span class=\"_ _32a\"> </span>32.9<span class=\"_ _bd\"> </span>34.6<span class=\"_ _32f\"> </span>105.5<span class=\"_ _6b\"> </span>343.7</span></span><span style=\"display:inherit;clear:left;\">Interest-bearing financial liabilities total<span class=\"_ _47\"> </span><span class=\"ws0\">443.1<span class=\"_ _112\"> </span>450.8<span class=\"_ _e\"> </span>916.5<span class=\"_ _e\"> </span>183.6<span class=\"_ _32e\"> </span>131.2<span class=\"_ _36\"> </span>510.4<span class=\"_ _333\"> </span>2,635.5</span></span><span style=\"display:inherit;clear:left;\">Payments from currency derivatives<span class=\"_ _1c3\"> </span><span class=\"ws0\">809.4<span class=\"_ _12f\"> </span>-<span class=\"_ _12f\"> </span>-<span class=\"_ _12f\"> </span>-<span class=\"_ _b9\"> </span>-<span class=\"_ _12f\"> </span>-<span class=\"_ _11c\"> </span>809.4</span></span><span style=\"display:inherit;clear:left;\">Income from currency derivatives<span class=\"_ _95\"> </span><span class=\"ws0\">-792.1<span class=\"_ _26f\"> </span>-8.7<span class=\"_ _12f\"> </span>-<span class=\"_ _12f\"> </span>-<span class=\"_ _b9\"> </span>-<span class=\"_ _12f\"> </span>-<span class=\"_ _334\"> </span>-800.8</span></span><span style=\"display:inherit;clear:left;\">Commodity derivatives<span class=\"_ _1b6\"> </span><span class=\"ws0\">4.4<span class=\"_ _67\"> </span>0.2<span class=\"_ _12f\"> </span>-<span class=\"_ _b9\"> </span>-<span class=\"_ _12f\"> </span>-<span class=\"_ _12f\"> </span>-<span class=\"_ _67\"> </span>4.6</span></span><span style=\"display:inherit;clear:left;\">Trade payables and other liabilities<span class=\"_ _ac\"> </span><span class=\"ws0\">234.7<span class=\"_ _12f\"> </span>-<span class=\"_ _12f\"> </span>-<span class=\"_ _b9\"> </span>-<span class=\"_ _12f\"> </span>-<span class=\"_ _12f\"> </span>-<span class=\"_ _6b\"> </span>234.7</span></span><span style=\"display:inherit;clear:left;\">Interest payments<span class=\"_ _335\"> </span><span class=\"ws0\">121.4<span class=\"_ _14a\"> </span>98.9<span class=\"_ _bd\"> </span>69.5<span class=\"_ _122\"> </span>39.9<span class=\"_ _bd\"> </span>29.8<span class=\"_ _bd\"> </span>92.8<span class=\"_ _e\"> </span>452.3</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _1a1\"> </span>820.9<span class=\"_ _e\"> </span>541.2<span class=\"_ _112\"> </span>986.0<span class=\"_ _11c\"> </span>223.5<span class=\"_ _36\"> </span>160.9<span class=\"_ _d8\"> </span>603.2<span class=\"_ _1e\"> </span>3,335.7</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">EUR<span class=\"_ _277\"> </span>841.2<span class=\"_ _c5\"> </span>1,170.7</span><span style=\"display:inherit;clear:left;\">USD<span class=\"_ _28f\"> </span>1,149.2<span class=\"_ _e8\"> </span>1,418.7</span><span style=\"display:inherit;clear:left;\">JPY<span class=\"_ _336\"> </span>35.1<span class=\"_ _3c\"> </span>39.6</span><span style=\"display:inherit;clear:left;\">HKD<span class=\"_ _337\"> </span>0.1<span class=\"_ _50\"> </span>0.1</span><span style=\"display:inherit;clear:left;\">SGD<span class=\"_ _195\"> </span>-<span class=\"_ _182\"> </span>0.0</span><span style=\"display:inherit;clear:left;\">2,025.6<span class=\"_ _77\"> </span>2,629.1</span><span style=\"display:inherit;clear:left;\">2023<span class=\"_ _58\"> </span>2022</span><span style=\"display:inherit;clear:left;\">Up to 6 months<span class=\"_ _338\"> </span><span class=\"ws0\">22.2%<span class=\"_ _b5\"> </span>23.6%</span></span><span style=\"display:inherit;clear:left;\">6\u201312 months<span class=\"_ _339\"> </span><span class=\"ws0\">0.1%<span class=\"_ _fc\"> </span>3.9%</span></span><span style=\"display:inherit;clear:left;\">1\u20135 years<span class=\"_ _33a\"> </span><span class=\"ws0\">43.9%<span class=\"_ _b5\"> </span>43.2%</span></span><span style=\"display:inherit;clear:left;\">More than 5 years<span class=\"_ _239\"> </span><span class=\"ws0\">33.8%<span class=\"_ _b5\"> </span>29.3%</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _279\"> </span>100.0%<span class=\"_ _b7\"> </span>100.0%</span><span style=\"display:inherit;clear:left;\">Sensitivity analysis of the fair value reserve</span><span style=\"display:inherit;clear:left;\">If the price of Jet fuel CIF NWE had been 10 per cent higher, the balance of the reserve would have been 27.9 </span><span style=\"display:inherit;clear:left;\">million euro (16.1) higher. Correspondingly, a 10 per cent weaker Jet fuel CIF NWE price would have reduced the </span><span style=\"display:inherit;clear:left;\">reserve by 35.3 million euro (17.6). In terms of the US dollar, a 10 per cent weaker level would have lowered the </span><span style=\"display:inherit;clear:left;\">balance of the fair value reserve by 35.9 million euro (25.4) and a 10 per cent stronger dollar would have had a </span><span style=\"display:inherit;clear:left;\">positive impact of 33.3 million euro (25.4). In terms of Japanese yen, a 10 per cent stronger yen would have had a </span><span style=\"display:inherit;clear:left;\">negative impact of 6.8 million euro (2.6), and a 10 per cent weaker level would have increased the balance of the</span><span style=\"display:inherit;clear:left;\">fair value reserve by 6.8 million euro (2.6). The effect of change in interests to the fair value reserve in own equity </span><span style=\"display:inherit;clear:left;\">is not material. The enclosed sensitivity figures do not take into account any change in deferred tax liability (tax </span><span style=\"display:inherit;clear:left;\">assets).</span><span style=\"display:inherit;clear:left;\">3.6 Classification of financial assets and liabilities</span><span style=\"display:inherit;clear:left;\">In this note interest rate derivatives (currency and interest-rate swaps) are included in derivatives. Item </span><span style=\"display:inherit;clear:left;\">Receivables mainly includes USD-denominated security deposits for leased aircraft. Trade payables and other </span><span style=\"display:inherit;clear:left;\">liabilities include: trade payables and other interest-bearing and non-interest-bearing liabilities.</span><span style=\"display:inherit;clear:left;\">Derivatives are valued at fair value, with further details in the fair value hierarchy. Financial assets valued at </span><span style=\"display:inherit;clear:left;\">fair value are money market funds (fair value hierarchy level 1) and bonds, or commercial papers (fair value </span><span style=\"display:inherit;clear:left;\">hierarchy level 2). Receivables are mainly current and the book value is equivalent to the fair value, because </span><span style=\"display:inherit;clear:left;\">the discount effect is not significant. Pension premium loan and issued bond make the most significant part of </span><span style=\"display:inherit;clear:left;\">the loans valued at amortised cost. Breakdown of fair values of financial liabilities is presented in note 3.3. The </span><span style=\"display:inherit;clear:left;\">valuation principles of financial assets and liabilities are outlined in the accounting principles.</span><span style=\"display:inherit;clear:left;\">Hedge </span><span style=\"display:inherit;clear:left;\">Fair value </span><span style=\"display:inherit;clear:left;\">accounting </span><span style=\"display:inherit;clear:left;\">through profit </span><span style=\"display:inherit;clear:left;\">Amortised </span><span style=\"display:inherit;clear:left;\">EUR mill.</span><span style=\"display:inherit;clear:left;\">items</span><span style=\"display:inherit;clear:left;\">and loss</span><span style=\"display:inherit;clear:left;\">cost<span class=\"_ _14a\"> </span><span class=\"wse5\">Book value</span></span><span style=\"display:inherit;clear:left;\">31 Dec 2023</span><span style=\"display:inherit;clear:left;\">Financial assets</span><span style=\"display:inherit;clear:left;\">Receivables<span class=\"_ _54\"> </span>-<span class=\"_ _8e\"> </span>-<span class=\"_ _b0\"> </span>2.6<span class=\"_ _1e1\"> </span>2.6</span><span style=\"display:inherit;clear:left;\">Other financial assets<span class=\"_ _348\"> </span><span class=\"ws0\">-<span class=\"_ _2c3\"> </span>776.8<span class=\"_ _8e\"> </span>-<span class=\"_ _2c3\"> </span>776.8</span></span><span style=\"display:inherit;clear:left;\">Trade receivables and other receivables<span class=\"_ _95\"> </span><span class=\"ws0\">-<span class=\"_ _8e\"> </span>-<span class=\"_ _41\"> </span>289.0<span class=\"_ _41\"> </span>289.0</span></span><span style=\"display:inherit;clear:left;\">Derivatives<span class=\"_ _1a9\"> </span>10.0<span class=\"_ _e5\"> </span>1.8<span class=\"_ _8e\"> </span>-<span class=\"_ _2b9\"> </span>11.8</span><span style=\"display:inherit;clear:left;\">Cash and cash equivalents<span class=\"_ _349\"> </span><span class=\"ws0\">-<span class=\"_ _26\"> </span>-<span class=\"_ _2ae\"> </span>145.1<span class=\"_ _2ae\"> </span>145.1</span></span><span style=\"display:inherit;clear:left;\">Book value total<span class=\"_ _1cd\"> </span><span class=\"ws0\">10.0<span class=\"_ _10b\"> </span>778.6<span class=\"_ _30\"> </span>436.7<span class=\"_ _eb\"> </span>1,225.3</span></span><span style=\"display:inherit;clear:left;\">Fair value total<span class=\"_ _34a\"> </span><span class=\"ws0\">10.0<span class=\"_ _10b\"> </span>778.6<span class=\"_ _30\"> </span>436.7<span class=\"_ _eb\"> </span>1,225.3</span></span><span style=\"display:inherit;clear:left;\">Financial liabilities</span><span style=\"display:inherit;clear:left;\">Interest-bearing liabilities<span class=\"_ _34b\"> </span><span class=\"ws0\">-<span class=\"_ _26\"> </span>-<span class=\"_ _3a\"> </span>910.6<span class=\"_ _2c3\"> </span>910.6</span></span><span style=\"display:inherit;clear:left;\">Lease liabilities<span class=\"_ _34c\"> </span><span class=\"ws0\">-<span class=\"_ _26\"> </span>-<span class=\"_ _282\"> </span>1,115.0<span class=\"_ _47\"> </span>1,115.0</span></span><span style=\"display:inherit;clear:left;\">Derivatives<span class=\"_ _19f\"> </span>34.4<span class=\"_ _cf\"> </span>8.9<span class=\"_ _8e\"> </span>-<span class=\"_ _109\"> </span>43.4</span><span style=\"display:inherit;clear:left;\">Trade payables and other liabilities<span class=\"_ _16c\"> </span><span class=\"ws0\">-<span class=\"_ _8e\"> </span>-<span class=\"_ _51\"> </span>274.1<span class=\"_ _51\"> </span>274.1</span></span><span style=\"display:inherit;clear:left;\">Book value total<span class=\"_ _1ec\"> </span><span class=\"ws0\">34.4<span class=\"_ _4f\"> </span>8.9<span class=\"_ _57\"> </span>2,299.7<span class=\"_ _22a\"> </span>2,343.0</span></span><span style=\"display:inherit;clear:left;\">Fair value total<span class=\"_ _34d\"> </span><span class=\"ws0\">34.4<span class=\"_ _4f\"> </span>8.9<span class=\"_ _f7\"> </span>1,990.9<span class=\"_ _22a\"> </span>2,034.2</span></span><span style=\"display:inherit;clear:left;\">Hedge </span><span style=\"display:inherit;clear:left;\">Fair value </span><span style=\"display:inherit;clear:left;\">accounting </span><span style=\"display:inherit;clear:left;\">through profit </span><span style=\"display:inherit;clear:left;\">Amortised </span><span style=\"display:inherit;clear:left;\">EUR mill.</span><span style=\"display:inherit;clear:left;\">items</span><span style=\"display:inherit;clear:left;\">and loss</span><span style=\"display:inherit;clear:left;\">cost<span class=\"_ _14a\"> </span><span class=\"wse5\">Book value</span></span><span style=\"display:inherit;clear:left;\">31 Dec 2022</span><span style=\"display:inherit;clear:left;\">Financial assets</span><span style=\"display:inherit;clear:left;\">Receivables<span class=\"_ _54\"> </span>-<span class=\"_ _8e\"> </span>-<span class=\"_ _9b\"> </span>3.7<span class=\"_ _25b\"> </span>3.7</span><span style=\"display:inherit;clear:left;\">Other financial assets<span class=\"_ _348\"> </span><span class=\"ws0\">-<span class=\"_ _d4\"> </span>738.6<span class=\"_ _26\"> </span>-<span class=\"_ _d4\"> </span>738.6</span></span><span style=\"display:inherit;clear:left;\">Trade receivables and other receivables<span class=\"_ _95\"> </span><span class=\"ws0\">-<span class=\"_ _8e\"> </span>-<span class=\"_ _2d1\"> </span>256.9<span class=\"_ _2d1\"> </span>256.9</span></span><span style=\"display:inherit;clear:left;\">Derivatives<span class=\"_ _34e\"> </span>8.6<span class=\"_ _25\"> </span>14.9<span class=\"_ _26\"> </span>-<span class=\"_ _168\"> </span>23.5</span><span style=\"display:inherit;clear:left;\">Cash and cash equivalents<span class=\"_ _349\"> </span><span class=\"ws0\">-<span class=\"_ _26\"> </span>-<span class=\"_ _d4\"> </span>785.8<span class=\"_ _d4\"> </span>785.8</span></span><span style=\"display:inherit;clear:left;\">Book value total<span class=\"_ _34f\"> </span><span class=\"ws0\">8.6<span class=\"_ _10b\"> </span>753.5<span class=\"_ _f1\"> </span>1,046.3<span class=\"_ _232\"> </span>1,808.5</span></span><span style=\"display:inherit;clear:left;\">Fair value total<span class=\"_ _350\"> </span><span class=\"ws0\">8.6<span class=\"_ _10b\"> </span>753.5<span class=\"_ _f1\"> </span>1,046.3<span class=\"_ _232\"> </span>1,808.5</span></span><span style=\"display:inherit;clear:left;\">Financial liabilities</span><span style=\"display:inherit;clear:left;\">Interest-bearing liabilities<span class=\"_ _34b\"> </span><span class=\"ws0\">-<span class=\"_ _26\"> </span>-<span class=\"_ _10a\"> </span>1,298.5<span class=\"_ _2ea\"> </span>1,298.5</span></span><span style=\"display:inherit;clear:left;\">Lease liabilities<span class=\"_ _34c\"> </span><span class=\"ws0\">-<span class=\"_ _26\"> </span>-<span class=\"_ _fc\"> </span>1,330.7<span class=\"_ _fc\"> </span>1,330.7</span></span><span style=\"display:inherit;clear:left;\">Derivatives<span class=\"_ _49\"> </span>33.1<span class=\"_ _1e1\"> </span>3.5<span class=\"_ _8e\"> </span>-<span class=\"_ _168\"> </span>36.7</span><span style=\"display:inherit;clear:left;\">Trade payables and other liabilities<span class=\"_ _16c\"> </span><span class=\"ws0\">-<span class=\"_ _8e\"> </span>-<span class=\"_ _2c3\"> </span>234.7<span class=\"_ _2c3\"> </span>234.7</span></span><span style=\"display:inherit;clear:left;\">Book value total<span class=\"_ _f8\"> </span><span class=\"ws0\">33.1<span class=\"_ _4f\"> </span>3.5<span class=\"_ _59\"> </span>2,863.8<span class=\"_ _b5\"> </span>2,900.5</span></span><span style=\"display:inherit;clear:left;\">Fair value total<span class=\"_ _351\"> </span><span class=\"ws0\">33.1<span class=\"_ _cf\"> </span>3.5<span class=\"_ _59\"> </span>2,358.9<span class=\"_ _59\"> </span>2,395.6</span></span><span style=\"display:inherit;clear:left;\">3.7 Offsetting financial assets and liabilities</span><span style=\"display:inherit;clear:left;\">For the above financial assets and liabilities, subject to enforceable master netting arrangements or similar </span><span style=\"display:inherit;clear:left;\">arrangements, each agreement between the Group and the counterparty allows net settlement of the relevant </span><span style=\"display:inherit;clear:left;\">financial assets and liabilities when both parties choose to settle on a net basis. In the absence of such mutual </span><span style=\"display:inherit;clear:left;\">decision, financial assets and liabilities will be settled on a gross basis. However, each party of the master netting </span><span style=\"display:inherit;clear:left;\">agreement, or similar agreement, will have the option to settle on a net basis in the event of default of the other party. </span><span style=\"display:inherit;clear:left;\">Depending on the terms of each agreement, an event of default includes failure by a party to make a payment when </span><span style=\"display:inherit;clear:left;\">due, failure by a party to perform any obligation required by the agreement (other than payment), if such failure is </span><span style=\"display:inherit;clear:left;\">not remedied within periods of 30 to 60 days after notice of such failure is given to the party, or bankruptcy.</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Derivative assets gross amounts<span class=\"_ _29c\"> </span><span class=\"ws0\">11.8<span class=\"_ _47\"> </span>23.5</span></span><span style=\"display:inherit;clear:left;\">Amounts of financial assets presented in the balance sheet<span class=\"_ _81\"> </span><span class=\"ws0\">11.8<span class=\"_ _10d\"> </span>23.5</span></span><span style=\"display:inherit;clear:left;\">Enforceable master netting agreement<span class=\"_ _2ff\"> </span><span class=\"ws0\">-11.8<span class=\"_ _10c\"> </span>-21.2</span></span><span style=\"display:inherit;clear:left;\">Derivative assets net amount<span class=\"_ _35b\"> </span><span class=\"ws0\">0.0<span class=\"_ _56\"> </span>2.3</span></span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Derivative liabilities gross amounts<span class=\"_ _35c\"> </span><span class=\"ws0\">-43.4<span class=\"_ _10a\"> </span>-36.7</span></span><span style=\"display:inherit;clear:left;\">Amounts of financial liabilities presented in the balance sheet<span class=\"_ _de\"> </span><span class=\"ws0\">-43.4<span class=\"_ _149\"> </span>-36.7</span></span><span style=\"display:inherit;clear:left;\">Enforceable master netting agreement<span class=\"_ _35d\"> </span><span class=\"ws0\">11.8<span class=\"_ _2d1\"> </span>21.2</span></span><span style=\"display:inherit;clear:left;\">Derivative liabilities net amount<span class=\"_ _35e\"> </span><span class=\"ws0\">-31.5<span class=\"_ _10a\"> </span>-15.5</span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-918-3": {
   "value": "<span style=\"display:inherit;clear:left;\">3 Capital structure and financing costs</span><span style=\"display:inherit;clear:left;\">Interest income and expenses</span><span style=\"display:inherit;clear:left;\">Interest income and expenses are recognised on a time-proportion basis using the effective interest method. Interest </span><span style=\"display:inherit;clear:left;\">expenses related to the financing of significant investments are capitalised as part of the asset acquisition cost and </span><span style=\"display:inherit;clear:left;\">depreciated over the useful life of the asset.</span><span style=\"display:inherit;clear:left;\">More detailed information about financial assets can be found in note 3.2 and about interest bearing liabilities in </span><span style=\"display:inherit;clear:left;\">note  3.3. </span><span style=\"display:inherit;clear:left;\">In the effectiveness testing of the Group\u2019s hedge accounting, both cash flow and fair value hedging were found </span><span style=\"display:inherit;clear:left;\">to be effective at year end 2023. Thus, as in the comparison year 2022, no inefficiency is included in the financial </span><span style=\"display:inherit;clear:left;\">items for 2023. Financial income and expenses include an identical amount of profit and loss for fair value </span><span style=\"display:inherit;clear:left;\">hedging instruments and for hedged items resulting from the hedged risk.</span><span style=\"display:inherit;clear:left;\">In 2023, foreign exchange gains and losses recognised in financial expenses consist of a net realised </span><span style=\"display:inherit;clear:left;\">exchange loss of 1.1 million euro and a net unrealised exchange gain of 14.8 million euro which were mostly </span><span style=\"display:inherit;clear:left;\">caused by strenghtening of US dollar relative to euro. During the year 2023, 3.0 million euros of interest expense </span><span style=\"display:inherit;clear:left;\">was capitalised in connection with the A350 investment program (1.8). More information about the capitalised </span><span style=\"display:inherit;clear:left;\">interest can be found in note 2.1 Fleet and other fixed assets.</span><span style=\"display:inherit;clear:left;\">Other financial expenses include for example guarantee fees as well as interest and penalties related to </span><span style=\"display:inherit;clear:left;\">taxes.</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Interest income on leases <span class=\"_ _310\"> </span><span class=\"ws0\">0.0<span class=\"_ _50\"> </span>0.1</span></span><span style=\"display:inherit;clear:left;\">Gains on investment instruments held at FVPL<span class=\"_ _200\"> </span><span class=\"ws0\">38.0<span class=\"_ _107\"> </span>3.7</span></span><span style=\"display:inherit;clear:left;\">Interest from assets held at amortised cost<span class=\"_ _311\"> </span><span class=\"ws0\">14.7<span class=\"_ _107\"> </span>2.7</span></span><span style=\"display:inherit;clear:left;\">Other interest income<span class=\"_ _208\"> </span><span class=\"ws0\">0.0<span class=\"_ _182\"> </span>0.0</span></span><span style=\"display:inherit;clear:left;\">Other financial income<span class=\"_ _2ac\"> </span><span class=\"ws0\">3.4<span class=\"_ _50\"> </span>0.1</span></span><span style=\"display:inherit;clear:left;\">Dividend income<span class=\"_ _312\"> </span><span class=\"ws0\">0.0<span class=\"_ _182\"> </span>0.0</span></span><span style=\"display:inherit;clear:left;\">Financial income total<span class=\"_ _313\"> </span><span class=\"ws0\">56.2<span class=\"_ _295\"> </span>6.5</span></span><span style=\"display:inherit;clear:left;\">Interest on leases<span class=\"_ _21\"> </span><span class=\"ws0\">-70.7<span class=\"_ _2ec\"> </span>-80.1</span></span><span style=\"display:inherit;clear:left;\">Other financial expenses<span class=\"_ _27\"> </span><span class=\"ws0\">-25.4<span class=\"_ _10a\"> </span>-29.7</span></span><span style=\"display:inherit;clear:left;\">Interest expenses for liabilities measured at amortised cost<span class=\"_ _314\"> </span><span class=\"ws0\">-46.0<span class=\"_ _e1\"> </span>-28.1</span></span><span style=\"display:inherit;clear:left;\">Financial expenses total<span class=\"_ _315\"> </span><span class=\"ws0\">-142.2<span class=\"_ _204\"> </span>-137.9</span></span><span style=\"display:inherit;clear:left;\">Foreign exchange gains and losses<span class=\"_ _316\"> </span><span class=\"ws0\">13.7<span class=\"_ _39\"> </span>-38.8</span></span><span style=\"display:inherit;clear:left;\">Financial expenses, net<span class=\"_ _2e3\"> </span><span class=\"ws0\">-72.3<span class=\"_ _20d\"> </span>-170.2</span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-918-4": {
   "value": "<span style=\"display:inherit;clear:left;\">3 Capital structure and financing costs</span><span style=\"display:inherit;clear:left;\">3.5 Management of financial risks</span><span style=\"display:inherit;clear:left;\">Principles of financial risk management</span><span style=\"display:inherit;clear:left;\">The nature of Finnair Group\u2019s business operations exposes the company to a variety of financial risks: foreign </span><span style=\"display:inherit;clear:left;\">exchange, interest rate, credit, liquidity and commodity price risks. The Group\u2019s policy is to limit the uncertainty </span><span style=\"display:inherit;clear:left;\">caused by such risks on cash flow, financial performance, balance sheet items and equity.</span><span style=\"display:inherit;clear:left;\">The management of financial risks is based on the risk management policy prepared by the Financial Risk </span><span style=\"display:inherit;clear:left;\">Steering Committee and approved by the Board of Directors. The policy specifies the minimum and maximum </span><span style=\"display:inherit;clear:left;\">levels permitted for each type of risk. Financial risk management is directed and supervised by the Financial Risk</span><span style=\"display:inherit;clear:left;\">Steering Committee. Practical implementation of the risk management policy and risk management have been </span><span style=\"display:inherit;clear:left;\">centralized to the parent company\u2019s treasury department.</span><span style=\"display:inherit;clear:left;\">For the management of foreign exchange, interest rate and jet fuel the company uses different derivative </span><span style=\"display:inherit;clear:left;\">instruments, such as forward contracts, swaps and options. At inception, derivatives are designated as hedges </span><span style=\"display:inherit;clear:left;\">of highly probable cash flows (cash flow hedges), hedges of firm orders (hedges of the fair value of firm </span><span style=\"display:inherit;clear:left;\">commitments) or as financial derivatives where the hedging relationship does not qualify for hedge accounting </span><span style=\"display:inherit;clear:left;\">(economic hedges). Finnair Group implements cash flow hedging through foreign exchange hedging of highly </span><span style=\"display:inherit;clear:left;\">probable forecasted sales and costs denominated in foreign currencies and jet fuel price risk, in accordance </span><span style=\"display:inherit;clear:left;\">with the hedge accounting principles of IFRS 9. Hedge accounting compliant fair value hedges of Finnair Group </span><span style=\"display:inherit;clear:left;\">consist of interest rate hedges of the issued bond and fair value hedges of firm aircraft purchase commitments. </span><span style=\"display:inherit;clear:left;\">Fuel price risk in flight operations</span><span style=\"display:inherit;clear:left;\">Fuel price risk means the cash flow and financial performance uncertainty arising from fuel price fluctuations.</span><span style=\"display:inherit;clear:left;\">Finnair hedges against jet fuel price fluctuations using jet fuel forward contracts and options. The Jet Fuel </span><span style=\"display:inherit;clear:left;\">CIF Cargoes NWE index is used as the underlying asset of jet fuel derivatives, since approximately 64 per cent </span><span style=\"display:inherit;clear:left;\">of Finnair\u2019s fuel purchase contracts are based on the benchmark price index for Northwest Europe jet fuel </span><span style=\"display:inherit;clear:left;\">deliveries.</span><span style=\"display:inherit;clear:left;\">Finnair applies the principle of time-diversification in its fuel hedging. Finnair updated its risk management </span><span style=\"display:inherit;clear:left;\">policy in December 2023, and hedging horizon was extended from 12 months to 18 months. The risk </span><span style=\"display:inherit;clear:left;\">management policy states that hedging ratio must be increased during each quarter of the year, so that for the </span><span style=\"display:inherit;clear:left;\">first three months of the hedging period the hedge ratio is approximately between 70 per cent and 95 per cent, </span><span style=\"display:inherit;clear:left;\">with target ratio being 80 per cent. Thereafter, lower hedge ratio limits apply for each quarter. Due to hedging, </span><span style=\"display:inherit;clear:left;\">the fuel cost per period is not as low as the spot-based price when prices fall, but when spot prices rise, the fuel </span><span style=\"display:inherit;clear:left;\">cost rises more slowly. </span><span style=\"display:inherit;clear:left;\">The hedges of jet fuel consumption are treated as cash flow hedges in accounting, in accordance with the </span><span style=\"display:inherit;clear:left;\">hedge accounting principles of IFRS 9. During 2023, Finnair has hedged the jet fuel price risk in its entirety, without</span><span style=\"display:inherit;clear:left;\">separating it into underlying risk components, such as crude oil price risk. However, Finnair has used proxy </span><span style=\"display:inherit;clear:left;\">hedging for certain layer components of its jet fuel consumption, as described below. </span><span style=\"display:inherit;clear:left;\">In the hedging of jet fuel price risk, Finnair Group designates layer components of its jet fuel consumption </span><span style=\"display:inherit;clear:left;\">as hedged items. The layer components are defined as jet fuel consumption linked to different jet fuel price </span><span style=\"display:inherit;clear:left;\">benchmarks. The first layer is defined as jet fuel purchases based on the Jet Fuel CIF Cargoes NWE index, with </span><span style=\"display:inherit;clear:left;\">consumption linked to other price benchmarks, notably Cargoes FOB Singapore, representing other layers. </span><span style=\"display:inherit;clear:left;\">Since the Jet Fuel CIF Cargoes NWE index is used as the underlying of all jet fuel derivatives, they are designated </span><span style=\"display:inherit;clear:left;\">as proxy hedges for consumption based on other price benchmarks. Therefore, ineffectiveness may arise if </span><span style=\"display:inherit;clear:left;\">the correlation between the NWE index and the price benchmark for the underlying consumption is not high </span><span style=\"display:inherit;clear:left;\">enough for the fair value changes in the hedged item and the hedging instrument to be exactly offsetting. Any </span><span style=\"display:inherit;clear:left;\">ineffectiveness resulting from overhedging or insufficient correlation is recognised in fair value changes in </span><span style=\"display:inherit;clear:left;\">derivatives and changes in exchange rates of fleet overhauls.</span><span style=\"display:inherit;clear:left;\">Update in financial risk management</span><span style=\"display:inherit;clear:left;\">During the year 2023 Finnair has continued normal hedging operations. Finnair increased the hedging ratios in </span><span style=\"display:inherit;clear:left;\">jet fuel and foreign exchange steadily during the year 2023 and revised the risk management policy during the </span><span style=\"display:inherit;clear:left;\">the last quarter of 2023. The risk management policy was updated so that the hedging limits and target level </span><span style=\"display:inherit;clear:left;\">were increased by 5% for each of the hedged quarters. Furthermore, hedging horizon was extended from 12 </span><span style=\"display:inherit;clear:left;\">months to 18 months.</span><span style=\"display:inherit;clear:left;\">The average hedged price of the instruments hedging highly probable jet fuel purchases is calculated by taking into account </span><span style=\"display:inherit;clear:left;\">only the hedging (bought) leg of collar option structures, and therefore represents the least favorable hedged rate. The most </span><span style=\"display:inherit;clear:left;\">favorable rate, calculated by including only the sold leg of collar option structures, is 798.96 US dollars per tonne for NWE </span><span style=\"display:inherit;clear:left;\">consumption, and 809.38 US dollars for SING consumption. Options excluded from hedge accounting are excluded in both </span><span style=\"display:inherit;clear:left;\">cases.</span><span style=\"display:inherit;clear:left;\">At the end of the financial year, Finnair had hedged 73 per cent of its forecasted fuel purchases for the first </span><span style=\"display:inherit;clear:left;\">six months of 2024 and 42 per cent of the purchases for the second half of the year. In the financial year 2023, </span><span style=\"display:inherit;clear:left;\">fuel used in flight operations accounted for approximately 30 per cent of Group\u2019s turnover. At the end of the </span><span style=\"display:inherit;clear:left;\">financial year, the forecast for 2024 is approximately 29 per cent of the Group\u2019s turnover. On the closing date, </span><span style=\"display:inherit;clear:left;\">a 10 per cent rise in the market price of jet fuel \u2013 excluding hedging activity \u2013 increases annual fuel costs by an </span><span style=\"display:inherit;clear:left;\">estimated 77 million euro. On the closing date \u2013 taking hedging into account \u2013 a 10 per cent rise in the market </span><span style=\"display:inherit;clear:left;\">price of jet fuel lowers the operating profit by around 49 million euro. </span><span style=\"display:inherit;clear:left;\">Foreign exchange risk</span><span style=\"display:inherit;clear:left;\">Foreign exchange risk means the uncertainty in cash flows and financial performance arising from exchange </span><span style=\"display:inherit;clear:left;\">rate fluctuations. </span><span style=\"display:inherit;clear:left;\">Finnair Group\u2019s foreign exchange risk mainly arises from fuel purchases, aircraft lease liabilities, acquisition </span><span style=\"display:inherit;clear:left;\">and divestment of aircraft, aircraft maintenance, overflight royalties and foreign currency revenue. About 59 </span><span style=\"display:inherit;clear:left;\">per cent of the Group\u2019s revenue is denominated in euros. The most important foreign revenue currencies are </span><span style=\"display:inherit;clear:left;\">the US dollar (9 per cent, percentage of revenue), the Japanese yen (4 per cent) and the British pound sterling (4 </span><span style=\"display:inherit;clear:left;\">per cent). Approximately 40 per cent Group\u2019s operating costs are denominated in foreign currencies. The most </span><span style=\"display:inherit;clear:left;\">important purchasing currency is the US dollar, which accounts for approximately 34 per cent of all operating </span><span style=\"display:inherit;clear:left;\">costs. The most significant US dollar-denominated expense is fuel costs. The largest investments \u2013 aircraft and </span><span style=\"display:inherit;clear:left;\">their spare parts \u2013 are also mainly made in US dollars.</span><span style=\"display:inherit;clear:left;\">The risk management policy divides the foreign exchange position into three parts, namely exposure to </span><span style=\"display:inherit;clear:left;\">forecasted cash flows, balance sheet position and investment position. </span><span style=\"display:inherit;clear:left;\">The cash flow exposure mainly consists of sales denominated in a number of different currencies and US </span><span style=\"display:inherit;clear:left;\">dollar-denominated expenses. Forecasted jet fuel purchases, aircraft materials and overhaul expenses and </span><span style=\"display:inherit;clear:left;\">Maturity</span><span style=\"display:inherit;clear:left;\">Timing of the notional <span class=\"ws0\"> </span></span><span style=\"display:inherit;clear:left;\">Hedged price <span class=\"_ _0\"></span><span class=\"ws0\"> </span></span><span style=\"display:inherit;clear:left;\">Notional amount </span><span style=\"display:inherit;clear:left;\">and hedged price</span><span style=\"display:inherit;clear:left;\">$/tonne</span><span style=\"display:inherit;clear:left;\">(tonnes)</span><span style=\"display:inherit;clear:left;\">Under 1 year<span class=\"_ _114\"> </span>1 to 2 years</span><span style=\"display:inherit;clear:left;\">31 December 2023</span><span style=\"display:inherit;clear:left;\">Jet fuel consumption priced with NWE index<span class=\"_ _182\"> </span> 892.1 <span class=\"_ _297\"> </span> 655,264 <span class=\"_ _82\"> </span> 626,264 <span class=\"_ _6f\"> </span> 29,000 </span><span style=\"display:inherit;clear:left;\">Jet fuel consumption priced with SING index<span class=\"_ _3a\"> </span> 918.3 <span class=\"_ _4f\"> </span> 21,736 <span class=\"_ _21a\"> </span> 21,736 <span class=\"_ _2f3\"> </span> - </span><span style=\"display:inherit;clear:left;\">31 December 2022</span><span style=\"display:inherit;clear:left;\">Jet fuel consumption priced with NWE index<span class=\"_ _5a\"> </span> 1,042.9 <span class=\"_ _3b\"> </span> 358,000 <span class=\"_ _151\"> </span> 338,000 <span class=\"_ _76\"> </span> 20,000 </span><span style=\"display:inherit;clear:left;\">Jet fuel consumption priced with SING index<span class=\"_ _13e\"> </span><span class=\"ws0\"> <span class=\"_ _ee\"> </span> <span class=\"_ _2c\"> </span> <span class=\"_ _259\"> </span> </span></span><span style=\"display:inherit;clear:left;\">traffic charges form a group of similar items that are hedged with the same hedging instrument. The purpose </span><span style=\"display:inherit;clear:left;\">of currency risk hedging \u2013 for cash flow exposure \u2013 is to reduce the volatility of cash flows and the comparable </span><span style=\"display:inherit;clear:left;\">operating result due to fluctuating currency prices. This is done using a layered hedging strategy for the two </span><span style=\"display:inherit;clear:left;\">biggest sources of currency risk and utilising diversification benefits of the portfolio of various currencies. The </span><span style=\"display:inherit;clear:left;\">contracts are timed to mature when the cash flows from operating expenses are expected to be settled. The </span><span style=\"display:inherit;clear:left;\">hedging limits are set only for the main contributors to currency risk: the Japanese yen and the US dollar basket </span><span style=\"display:inherit;clear:left;\">consisting of the US dollar and the Hong Kong dollar. Finnair updated its risk management policy in December </span><span style=\"display:inherit;clear:left;\">2023, and hedging horizon for both Japanese yen and US dollar basket was extended from 12 months to 18 </span><span style=\"display:inherit;clear:left;\">months. The hedging horizon of 18 months is divided into six three-month periods. The risk management policy </span><span style=\"display:inherit;clear:left;\">states that hedging ratio must be increased during each quarter of the year, so that for the first three months </span><span style=\"display:inherit;clear:left;\">of the hedging period the hedge ratio is approximately between 70 per cent and 95 per cent, with target ratio </span><span style=\"display:inherit;clear:left;\">being 80 per cent. Thereafter, lower hedge ratio limits apply for each quarter.</span><span style=\"display:inherit;clear:left;\">The investment position includes all foreign currency denominated aircraft investments for which a binding </span><span style=\"display:inherit;clear:left;\">purchase agreement has been signed as well as commitments for sale and leaseback transactions in the next </span><span style=\"display:inherit;clear:left;\">four years. According to its risk management policy, Finnair Group hedges 50-100% of its aircraft investment </span><span style=\"display:inherit;clear:left;\">exposure. New hedges of investments in aircraft are made as an IFRS 9 fair value hedge of a firm commitment.</span><span style=\"display:inherit;clear:left;\">Balance sheet exposure consists of foreign currency denominated financial assets and liabilities, as well as </span><span style=\"display:inherit;clear:left;\">other foreign currency denominated balance sheet items, such as provisions, trade receivables, trade payables </span><span style=\"display:inherit;clear:left;\">and assets held for sale. Maximum hedge ratio for balance sheet position is 100% and minimum is 0%.</span><span style=\"display:inherit;clear:left;\">At the end of the financial year, Finnair had a hedge level for net operating cash flows of 57 per cent in the </span><span style=\"display:inherit;clear:left;\">USD-basket and 50 per cent in JPY for the coming 12 months. On the closing date \u2013 excluding hedges \u2013 a 10 per </span><span style=\"display:inherit;clear:left;\">cent strengthening of the US dollar against the euro has a negative impact on the 12-month operating result of </span><span style=\"display:inherit;clear:left;\">around 62 million euro and a 10 per cent weakening of the Japanese yen against the euro has a negative impact</span><span style=\"display:inherit;clear:left;\">of around 12 million euro. On the closing date \u2013 taking hedging into account \u2013 a 10 per cent strengthening of the </span><span style=\"display:inherit;clear:left;\">US dollar weakens the operating result by around 29 million euro and a 10 per cent weakening of the Japanese </span><span style=\"display:inherit;clear:left;\">yen weakens the operating result by around 5 million euro. In the above numbers, the USD-basket risk includes </span><span style=\"display:inherit;clear:left;\">the Hong Kong dollar, which historical correlation with the US dollar is high.</span><span style=\"display:inherit;clear:left;\">The hedge levels for balance sheet position at the end of the financial year were 89 per cent for USD and 86 </span><span style=\"display:inherit;clear:left;\">per cent for Japanese yen. On the closing date \u2013 excluding hedges \u2013 a 10 per cent strengthening of the US dollar</span><span style=\"display:inherit;clear:left;\">against the euro has a negative impact on the result of around 115 million euro and a 10 per cent strengthening of</span><span style=\"display:inherit;clear:left;\">the Japanese yen against the euro has a negative impact of around 4 million euro. On the closing date \u2013 taking </span><span style=\"display:inherit;clear:left;\">hedging into account \u2013 a 10 per cent strengthening of the US dollar weakens the result by around 13 million euro </span><span style=\"display:inherit;clear:left;\">and a 10 per cent strengthening of the Japanese yen weakens the result by around 0.6 million euro.</span><span style=\"display:inherit;clear:left;\">Cross-currency interest rate swaps are included in the nominal amount calculation.</span><span style=\"display:inherit;clear:left;\">The average exchange rate of the instruments hedging highly probable forecasted sales and purchases </span><span style=\"display:inherit;clear:left;\">denominated in foreign currencies is calculated by taking into account only the hedging (bought) leg of collar </span><span style=\"display:inherit;clear:left;\">option structures, and therefore represents the least favorable hedged rate. The most favorable rate, calculated</span><span style=\"display:inherit;clear:left;\">by including only the sold leg of collar option structures, is 1.10 for USD contracts and 152.09 for JPY instruments.</span><span style=\"display:inherit;clear:left;\">Foreign exchange investment exposure <span class=\"ws0\"> </span></span><span style=\"display:inherit;clear:left;\">EUR mill. 31 December 2023<span class=\"_ _33f\"> </span><span class=\"ws0\">USD</span></span><span style=\"display:inherit;clear:left;\">Net investment position<span class=\"_ _340\"> </span><span class=\"ws0\">-289.2</span></span><span style=\"display:inherit;clear:left;\">Net hedges of investment position<span class=\"_ _341\"> </span><span class=\"ws0\">158.9</span></span><span style=\"display:inherit;clear:left;\">Weighted average exchange rate of hedging instruments against the euro<span class=\"_ _101\"> </span><span class=\"ws0\">1.11</span></span><span style=\"display:inherit;clear:left;\">Foreign exchange exposure from investment position after hedging<span class=\"_ _342\"> </span><span class=\"ws0\">-130.3</span></span><span style=\"display:inherit;clear:left;\">Foreign exchange P&amp;L exposure <span class=\"ws0\"> </span></span><span style=\"display:inherit;clear:left;\">EUR mill. 31 December 2022<span class=\"_ _321\"> </span><span class=\"ws0\">JPY<span class=\"_ _1f0\"> </span>USD-basket</span></span><span style=\"display:inherit;clear:left;\">Net forecasted operating cash flows, next 12m<span class=\"_ _343\"> </span><span class=\"ws0\">83.4<span class=\"_ _f7\"> </span>-707.1</span></span><span style=\"display:inherit;clear:left;\">Net operating cash flow hedges, next 12m<span class=\"_ _344\"> </span><span class=\"ws0\">-26.2<span class=\"_ _232\"> </span>258.5</span></span><span style=\"display:inherit;clear:left;\">Weighted average exchange rate of hedging instruments against the euro<span class=\"_ _16e\"> </span><span class=\"ws0\">141.05<span class=\"_ _30\"> </span>1.05</span></span><span style=\"display:inherit;clear:left;\">Foreign exchange exposure from operating cash flows after hedging, next 12m<span class=\"_ _295\"> </span><span class=\"ws0\">57.1<span class=\"_ _26c\"> </span>-448.7</span></span><span style=\"display:inherit;clear:left;\">Foreign exchange balance sheet exposure <span class=\"ws0\"> </span></span><span style=\"display:inherit;clear:left;\">EUR mill. 31 December 2023<span class=\"_ _309\"> </span><span class=\"ws0\">JPY<span class=\"_ _149\"> </span>USD</span></span><span style=\"display:inherit;clear:left;\">Net balance sheet items<span class=\"_ _29a\"> </span><span class=\"ws0\">-39.3<span class=\"_ _59\"> </span>-718.6</span></span><span style=\"display:inherit;clear:left;\">Net hedges of balance sheet items<span class=\"_ _88\"> </span><span class=\"ws0\">33.4<span class=\"_ _57\"> </span>590.9</span></span><span style=\"display:inherit;clear:left;\">Weighted average exchange rate of hedging instruments against the euro<span class=\"_ _a4\"> </span><span class=\"ws0\">155.92<span class=\"_ _2be\"> </span>1.09</span></span><span style=\"display:inherit;clear:left;\">Foreign exchange exposure from balance sheet items after hedging<span class=\"_ _1b9\"> </span><span class=\"ws0\">-5.9<span class=\"_ _22a\"> </span>-127.7</span></span><span style=\"display:inherit;clear:left;\">Foreign exchange P&amp;L exposure <span class=\"ws0\"> </span></span><span style=\"display:inherit;clear:left;\">EUR mill. 31 December 2023<span class=\"_ _321\"> </span><span class=\"ws0\">JPY<span class=\"_ _1f0\"> </span>USD-basket</span></span><span style=\"display:inherit;clear:left;\">Net forecasted operating cash flows, next 12m<span class=\"_ _8b\"> </span><span class=\"ws0\">136.3<span class=\"_ _c5\"> </span>-639.7</span></span><span style=\"display:inherit;clear:left;\">Net operating cash flow hedges, next 12m<span class=\"_ _33e\"> </span><span class=\"ws0\">-69.8<span class=\"_ _46\"> </span>373.2</span></span><span style=\"display:inherit;clear:left;\">Weighted average exchange rate of hedging instruments against the euro<span class=\"_ _cd\"> </span><span class=\"ws0\">152.09<span class=\"_ _102\"> </span>1.09</span></span><span style=\"display:inherit;clear:left;\">Foreign exchange exposure from operating cash flows after hedging, next 12m<span class=\"_ _41\"> </span><span class=\"ws0\">66.6<span class=\"_ _138\"> </span>-266.5</span></span><span style=\"display:inherit;clear:left;\">Maturity</span><span style=\"display:inherit;clear:left;\">Timing of the notional <span class=\"ws0\"> </span></span><span style=\"display:inherit;clear:left;\">Notional amount </span><span style=\"display:inherit;clear:left;\">Less than <span class=\"_ _0\"></span><span class=\"ws0\"> </span></span><span style=\"display:inherit;clear:left;\">EUR mill. 31 December 2023</span><span style=\"display:inherit;clear:left;\">(gross)</span><span style=\"display:inherit;clear:left;\">1 year<span class=\"_ _114\"> </span>1 to 2 years<span class=\"_ _1ef\"> </span>2 to 4 years</span><span style=\"display:inherit;clear:left;\">USD<span class=\"_ _33c\"> </span>1,179.8<span class=\"_ _232\"> </span>923.4<span class=\"_ _fc\"> </span>114.0<span class=\"_ _bf\"> </span>142.5</span><span style=\"display:inherit;clear:left;\">JPY<span class=\"_ _33d\"> </span>103.1<span class=\"_ _2ec\"> </span>103.1<span class=\"_ _22\"> </span>-<span class=\"_ _22\"> </span>-</span><span style=\"display:inherit;clear:left;\">Foreign exchange balance sheet exposure <span class=\"ws0\"> </span></span><span style=\"display:inherit;clear:left;\">EUR mill. 31 December 2022<span class=\"_ _309\"> </span><span class=\"ws0\">JPY<span class=\"_ _149\"> </span>USD</span></span><span style=\"display:inherit;clear:left;\">Net balance sheet items<span class=\"_ _29a\"> </span><span class=\"ws0\">-43.8<span class=\"_ _189\"> </span>-988.5</span></span><span style=\"display:inherit;clear:left;\">Net hedges of balance sheet items<span class=\"_ _345\"> </span><span class=\"ws0\">38.9<span class=\"_ _5a\"> </span>564.1</span></span><span style=\"display:inherit;clear:left;\">Weighted average exchange rate of hedging instruments against the euro<span class=\"_ _326\"> </span><span class=\"ws0\">141.36<span class=\"_ _2c3\"> </span>1.10</span></span><span style=\"display:inherit;clear:left;\">Foreign exchange exposure from balance sheet items after hedging<span class=\"_ _346\"> </span><span class=\"ws0\">-4.9<span class=\"_ _11a\"> </span>-424.5</span></span><span style=\"display:inherit;clear:left;\">Foreign exchange investment exposure <span class=\"ws0\"> </span></span><span style=\"display:inherit;clear:left;\">EUR mill. 31 December 2022<span class=\"_ _33f\"> </span><span class=\"ws0\">USD</span></span><span style=\"display:inherit;clear:left;\">Net investment position<span class=\"_ _22d\"> </span><span class=\"ws0\">-320.8</span></span><span style=\"display:inherit;clear:left;\">Net hedges of investment position<span class=\"_ _347\"> </span><span class=\"ws0\">183.7</span></span><span style=\"display:inherit;clear:left;\">Weighted average exchange rate of hedging instruments against the euro<span class=\"_ _34\"> </span><span class=\"ws0\">1.01</span></span><span style=\"display:inherit;clear:left;\">Foreign exchange exposure from investment position after hedging<span class=\"_ _25c\"> </span><span class=\"ws0\">-137.1</span></span><span style=\"display:inherit;clear:left;\">Interest rate risk</span><span style=\"display:inherit;clear:left;\">Interest rate risk means the cash flow, financial performance and balance sheet uncertainty arising from interest</span><span style=\"display:inherit;clear:left;\">rate fluctuations.</span><span style=\"display:inherit;clear:left;\">In Finnair Group, the interest rate risk is measured using the interest rate re-fixing period. If necessary, </span><span style=\"display:inherit;clear:left;\">interest rate derivatives are used to adjust the interest rate re-fixing period. According to the risk management </span><span style=\"display:inherit;clear:left;\">policy, the mandate for the investment portfolio\u2019s interest rate re-fixing period is 0-12 months and for interest-</span><span style=\"display:inherit;clear:left;\">bearing liabilities 36-72 months. On the closing date, the investment portfolio\u2019s interest rate re-fixing period </span><span style=\"display:inherit;clear:left;\">was approximately 3 months and approximately 57 months for interest-bearing liabilities. On the closing date, </span><span style=\"display:inherit;clear:left;\">a one percentage point rise in interest rates increases the annual interest income of the investment portfolio </span><span style=\"display:inherit;clear:left;\">by approximately 7.0 million euros and the interest expenses of the loan portfolio by approximately 3.7 million </span><span style=\"display:inherit;clear:left;\">euros. The situation as of December 31 2023 is a reasonable representation of conditions throughout the year </span><span style=\"display:inherit;clear:left;\">given the current market environment.</span><span style=\"display:inherit;clear:left;\">Future lease agreements expose the group to interest rate risk, as the interest rate is one component of the </span><span style=\"display:inherit;clear:left;\">lease price. The interest rate is fixed when the lease payments start. If necessary, the group can hedge this </span><span style=\"display:inherit;clear:left;\">exposure with cash flow hedges.</span><span style=\"display:inherit;clear:left;\">Cross-currency interest rate swaps are included in the nominal amount calculation. Finnair has not entered into </span><span style=\"display:inherit;clear:left;\">any interest rate derivatives on which it is paying a fixed rate.</span><span style=\"display:inherit;clear:left;\">Credit risk</span><span style=\"display:inherit;clear:left;\">The Group is exposed to counterparty risk when investing its cash reserves and when using derivative </span><span style=\"display:inherit;clear:left;\">instruments. The credit risk is managed by only making contracts with financially sound domestic and foreign </span><span style=\"display:inherit;clear:left;\">banks, financial institutions and brokers, within the framework of the risk management policy for counterparty </span><span style=\"display:inherit;clear:left;\">risk limits. Liquid assets are also invested in money market funds, bonds and commercial papers issued by </span><span style=\"display:inherit;clear:left;\">conservatively selected companies, according to company-specific limits. This way, risk exposure to any single </span><span style=\"display:inherit;clear:left;\">counterparty is not significant. Changes in the fair value of Group loans arises from changes in FX and interest </span><span style=\"display:inherit;clear:left;\">rates, not from credit risk. The Group\u2019s credit risk exposure arises from other current financial assets presented </span><span style=\"display:inherit;clear:left;\">in note 3.2.1, cash and cash equivalents presented in note 3.2.2, trade receivables presented in note 1.2.3 and </span><span style=\"display:inherit;clear:left;\">derivatives presented in note 3.8.</span><span style=\"display:inherit;clear:left;\">Liquidity risk</span><span style=\"display:inherit;clear:left;\">The goal of the Finnair Group is to maintain good liquidity. Liquidity is ensured by cash reserves, bank account </span><span style=\"display:inherit;clear:left;\">limits, liquid money market investments and committed credit facilities. Counterparties of groups\u2019 long term </span><span style=\"display:inherit;clear:left;\">loans are solid financial institutions with good reputations.</span><span style=\"display:inherit;clear:left;\">The war in Ukraine has not had a direct impact on the basic principles of Finnair\u2019s liquidity risk management. </span><span style=\"display:inherit;clear:left;\">Finnair executed several financing transactions to strenghten its balance sheet and maintain liquidity levels. </span><span style=\"display:inherit;clear:left;\">The most significant financing transactions during the year 2023 were the rights issue of net proceeds of </span><span style=\"display:inherit;clear:left;\">approximately 558 million euros, conversion and repayment of the 400 million euro capital loan, repayment of </span><span style=\"display:inherit;clear:left;\">the 200 million euro hybrid bond, and amortisations of the pension premium loan totalling 320 million euro.</span><span style=\"display:inherit;clear:left;\">The Group\u2019s cash funds were 922.0 million euro at the end of financial year 2023. Finnair Plc has a domestic </span><span style=\"display:inherit;clear:left;\">commercial paper program of 200 million euro, which was not in use as of the closing date.</span><span style=\"display:inherit;clear:left;\">Capital management</span><span style=\"display:inherit;clear:left;\">The aim of Finnair\u2019s capital management is to secure access to the capital markets at all times despite the </span><span style=\"display:inherit;clear:left;\">volatile business environment, as well as to support future business development. Through maintaining an </span><span style=\"display:inherit;clear:left;\">optimal capital structure the Group also aims to minimize the cost of capital and maximize the return on capital </span><span style=\"display:inherit;clear:left;\">employed. The capital structure is influenced via, for example, dividend distribution and share issues. The Group </span><span style=\"display:inherit;clear:left;\">can vary and adjust the level of dividends paid to shareholders, the amount of capital returned to them or the </span><span style=\"display:inherit;clear:left;\">number of new shares issued. The Group can also decide on sales of asset items in order to reduce debt.</span><span style=\"display:inherit;clear:left;\">During the year 2023 Finnair strenghtened its capital structure with the rights issue of net proceeds of </span><span style=\"display:inherit;clear:left;\">approximately 558 million euros, conversion and repayment of the 400 million euro capital loan, repayment of </span><span style=\"display:inherit;clear:left;\">the 200 million euro hybrid bond and amortisations of the pension premium loan totalling 320 million euro. The </span><span style=\"display:inherit;clear:left;\">development of the Group\u2019s capital structure is continuously monitored using the adjusted gearing ratio. When </span><span style=\"display:inherit;clear:left;\">calculating adjusted gearing, adjusted interest-bearing net debt is divided by the amount of shareholders\u2019 </span><span style=\"display:inherit;clear:left;\">equity. The Group\u2019s adjusted gearing at the end of 2023 was 193.2 per cent (266.4).</span><span style=\"display:inherit;clear:left;\">Maturity</span><span style=\"display:inherit;clear:left;\">Timing of the notional <span class=\"ws0\"> </span></span><span style=\"display:inherit;clear:left;\">Notional amount </span><span style=\"display:inherit;clear:left;\">Less than <span class=\"_ _0\"></span><span class=\"ws0\"> </span></span><span style=\"display:inherit;clear:left;\">EUR mill. 31 December 2023</span><span style=\"display:inherit;clear:left;\">(gross)</span><span style=\"display:inherit;clear:left;\">1 year<span class=\"_ _114\"> </span>1 to 2 years<span class=\"_ _1ef\"> </span>2 to 4 years</span><span style=\"display:inherit;clear:left;\">Interest rate derivatives<span class=\"_ _101\"> </span><span class=\"ws0\">310.4<span class=\"_ _42\"> </span>53.9<span class=\"_ _fc\"> </span>114.0<span class=\"_ _39\"> </span>142.5</span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-918-5": {
   "value": "<span style=\"display:inherit;clear:left;\">3 Capital structure and financing costs</span><span style=\"display:inherit;clear:left;\">3.9 Equity-related information</span><span style=\"display:inherit;clear:left;\">  Shareholders\u2019 equity</span><span style=\"display:inherit;clear:left;\">The nominal value of shares had been recognised in the share capital before an amendment to the Articles of </span><span style=\"display:inherit;clear:left;\">Association registered on 22 March 2007. Share issue profit and gains on sale of own shares had been recognised in </span><span style=\"display:inherit;clear:left;\">other restricted funds before the change in the Limited Liability Company Act in 2006.</span><span style=\"display:inherit;clear:left;\">The subscription proceeds from the 2007 share issue less transaction costs after taxes as well as share-based </span><span style=\"display:inherit;clear:left;\">payments according to IFRS 2 have been recognised in the unrestricted equity funds.</span><span style=\"display:inherit;clear:left;\">The rights issue proceeds from 2020 and 2023 less the transaction costs has been recognized in the unrestricted </span><span style=\"display:inherit;clear:left;\">equity funds. </span><span style=\"display:inherit;clear:left;\">Hedging reserve and other OCI items include changes in the fair value of derivative instruments used in cash-flow </span><span style=\"display:inherit;clear:left;\">hedging, in addition to actuarial gains and losses related to defined benefit pension plans, cost of hedging and </span><span style=\"display:inherit;clear:left;\">translation differences.</span><span style=\"display:inherit;clear:left;\">The acquisition cost of repurchased owned shares less transaction costs after taxes is charged to equity until the </span><span style=\"display:inherit;clear:left;\">shares are cancelled or reissued. The consideration received for sale or issue of own shares is included in equity.</span><span style=\"display:inherit;clear:left;\">The dividend proposed by the Board of Directors is not deducted from distributable equity until approved at the </span><span style=\"display:inherit;clear:left;\">Annual General Meeting.</span><span style=\"display:inherit;clear:left;\">Finnair Plc\u2019s share capital, paid in its entirety and registered in the trade register, was at 75,442,904.30 euros at </span><span style=\"display:inherit;clear:left;\">the end of 2022 and 2023. The shares have no nominal value. During the year 2023, Finnair transferred a total </span><span style=\"display:inherit;clear:left;\">of 1,487,760 shares to FlyShare participants, total of 10,670,826 shares to Executive Board Rebuild Incentive Plan </span><span style=\"display:inherit;clear:left;\">participants.</span><span style=\"display:inherit;clear:left;\">Number of shares<span class=\"_ _36e\"> </span><span class=\"ws0\">2023<span class=\"_ _58\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Number of outstanding shares in the beginning of the financial year<span class=\"_ _fe\"> </span><span class=\"ws0\">1,407,001,962<span class=\"_ _19\"> </span>1,405,980,132</span></span><span style=\"display:inherit;clear:left;\">Rights issue<span class=\"_ _36f\"> </span><span class=\"ws0\">19,012,413,069<span class=\"_ _2e1\"> </span>-</span></span><span style=\"display:inherit;clear:left;\">Shares granted from the share-bonus scheme 2019-2021<span class=\"_ _183\"> </span><span class=\"ws0\">-<span class=\"_ _11a\"> </span>119,737</span></span><span style=\"display:inherit;clear:left;\">Shares granted from FlyShare employee share savings plans<span class=\"_ _da\"> </span><span class=\"ws0\">1,487,760<span class=\"_ _e3\"> </span>902,093</span></span><span style=\"display:inherit;clear:left;\">Executive Board Rebuild Incentive Plan<span class=\"_ _187\"> </span><span class=\"ws0\">10,670,826<span class=\"_ _2e1\"> </span>-</span></span><span style=\"display:inherit;clear:left;\">Number of outstanding shares at the end of the financial year<span class=\"_ _15a\"> </span><span class=\"ws0\">20,431,573,617<span class=\"_ _1f0\"> </span>1,407,001,962</span></span><span style=\"display:inherit;clear:left;\">Own shares held by the parent company<span class=\"_ _370\"> </span><span class=\"ws0\">49,565,650<span class=\"_ _f9\"> </span>399,303</span></span><span style=\"display:inherit;clear:left;\">Total number of shares at the end of the financial year<span class=\"_ _371\"> </span><span class=\"ws0\">20,481,139,267<span class=\"_ _211\"> </span>1,407,401,265</span></span><span style=\"display:inherit;clear:left;\">Group\u2019s hedging reserve and other OCI items</span><span style=\"display:inherit;clear:left;\">*Forward and option contracts hedging forecasted sales and purchases denominated in foreign currencies are hedges of </span><span style=\"display:inherit;clear:left;\">a group of similar hedged items, and the amounts reclassified from OCI to P&amp;L are proportionally allocated to different cost </span><span style=\"display:inherit;clear:left;\">lines based on the realised cost amounts. Amounts reclassified to revenue and different cost lines are specified in the table </span><span style=\"display:inherit;clear:left;\">\u201dDerivatives realised through profit or loss\u201d in note 3.8.</span><span style=\"display:inherit;clear:left;\">Maturity dates of fair values recognised in the hedging reserve</span><span style=\"display:inherit;clear:left;\">Rights issue</span><span style=\"display:inherit;clear:left;\">During third quarter of 2023, Finnair organised a rights issue to strenghten its financial position. The aim of the </span><span style=\"display:inherit;clear:left;\">rights issue was reducing Finnair\u2019s financing costs, supporting the implementation of the strategy for sustainable </span><span style=\"display:inherit;clear:left;\">profitable growth in the new operating environment shaped by the COVID-19 pandemic and the closure of </span><span style=\"display:inherit;clear:left;\">Russian airspace and ensuring the Company\u2019s ability for future investments. Through the rights issue Finnair also </span><span style=\"display:inherit;clear:left;\">seeked to reinstate its ability for shareholder distributions. </span><span style=\"display:inherit;clear:left;\">According to the final results of the rights issue, a total of 19,038,769,224 new shares were subscribed for in </span><span style=\"display:inherit;clear:left;\">the offering, corresponding to approximately 100.14 per cent of the offer shares, and thus, the offering was </span><span style=\"display:inherit;clear:left;\">oversubscribed. A total of 18,102,803,535 offer shares were subscribed for pursuant to the exercise of subscription </span><span style=\"display:inherit;clear:left;\">rights. The remaining 909,609,534 offer shares subscribed for without subscription rights were allocated in the </span><span style=\"display:inherit;clear:left;\">secondary subscription in accordance with the terms and conditions of the offering. The subscription price was </span><span style=\"display:inherit;clear:left;\">EUR 0.03 per Offer Share. Gross proceeds of the rights issue were approximately 570.4 million euro, and net </span><span style=\"display:inherit;clear:left;\">proceeds of the rights issue were approximately 558.2 million euro. Gross and net proceeds include the 318.6 million</span><span style=\"display:inherit;clear:left;\">euro pro rata subscription by the State of Finland through the offset of a corresponding amount of the capital loan, </span><span style=\"display:inherit;clear:left;\">granted to Finnair by the State of Finland, which did not generate any proceeds in cash to Finnair.</span><span style=\"display:inherit;clear:left;\">Hybrid bond</span><span style=\"display:inherit;clear:left;\">Finnair issued a 200 million euro hybrid bond during 2020, which was booked to shareholders\u2019 equity (after equity</span><span style=\"display:inherit;clear:left;\">belonging to the holders). The hybrid bond was redeemed in full during third quarter of 2023.</span><span style=\"display:inherit;clear:left;\">Capital loan</span><span style=\"display:inherit;clear:left;\">During 2022 Finnair withdrew a 400 million euro capital loan, which was booked to equity. In Finnair\u2019s rights offering </span><span style=\"display:inherit;clear:left;\">of approximately 558 million euros executed in November 2023, the State of Finland subscribed for its pro rata </span><span style=\"display:inherit;clear:left;\">share of the new shares on the basis of subscription rights allocated to it. The State of Finland paid the subscription </span><span style=\"display:inherit;clear:left;\">price of the shares by offsetting it against a corresponding amount of the principal of the capital loan. This totaled </span><span style=\"display:inherit;clear:left;\">318.6 million euros. Finnair repaid the remainder of the capital loan, i.e. 81.4 million euros, on 24 November 2023 to </span><span style=\"display:inherit;clear:left;\">the State of Finland. In addition, Finnair paid the related interest and other fees of 48.9 million euros to the State.</span><span style=\"display:inherit;clear:left;\">Earnings per share</span><span style=\"display:inherit;clear:left;\">The basic earnings per share figure is calculated by dividing the result for the financial year attributable to the </span><span style=\"display:inherit;clear:left;\">parent company\u2019s shareholders by the weighted average number of shares outstanding during the financial </span><span style=\"display:inherit;clear:left;\">year. The result for the financial year is adjusted for the after-tax amounts of hybrid bond interests and capital </span><span style=\"display:inherit;clear:left;\">loan interests and other fees regardless of payment date, as well as transaction costs of the new hybrid bond </span><span style=\"display:inherit;clear:left;\">issued and premium paid, when a hybrid bond is redeemed. When calculating the earnings per share adjusted </span><span style=\"display:inherit;clear:left;\">for dilution, the weighted average of the number of shares takes into account the diluting effect resulting from </span><span style=\"display:inherit;clear:left;\">the conversion into shares all potentially diluting shares. Finnair has not granted any options.</span><span style=\"display:inherit;clear:left;\">Dividend</span><span style=\"display:inherit;clear:left;\">The Board of Directors proposes to the Annual General Meeting that no dividend is paid for 2023. In accordance </span><span style=\"display:inherit;clear:left;\">with the proposal of the Board of Directors, the Annual General Meeting on 23 March 2023 resolved that no </span><span style=\"display:inherit;clear:left;\">dividend be paid based on the balance sheet adopted for the year 2022.</span><span style=\"display:inherit;clear:left;\">Finnair Plc\u2019s distributable equity </span><span style=\"display:inherit;clear:left;\">Unrealised </span><span style=\"display:inherit;clear:left;\">Line item </span><span style=\"display:inherit;clear:left;\">Amounts </span><span style=\"display:inherit;clear:left;\">gains and </span><span style=\"display:inherit;clear:left;\">affected in </span><span style=\"display:inherit;clear:left;\">reclassified </span><span style=\"display:inherit;clear:left;\">losses </span><span style=\"display:inherit;clear:left;\">profit or loss </span><span style=\"display:inherit;clear:left;\">to profit or </span><span style=\"display:inherit;clear:left;\">recognised </span><span style=\"display:inherit;clear:left;\">because of the </span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _372\"> </span><span class=\"ws0\">2023</span></span><span style=\"display:inherit;clear:left;\">loss</span><span style=\"display:inherit;clear:left;\">in OCI<span class=\"_ _100\"> </span><span class=\"ws0\">2022</span></span><span style=\"display:inherit;clear:left;\">reclassification</span><span style=\"display:inherit;clear:left;\">Jet fuel price hedging<span class=\"_ _16f\"> </span><span class=\"ws0\">-13.2<span class=\"_ _102\"> </span>-0.6<span class=\"_ _41\"> </span>-6.8<span class=\"_ _129\"> </span>-5.9<span class=\"_ _189\"> </span></span>Fuel costs</span><span style=\"display:inherit;clear:left;\">Revenue and cost </span><span style=\"display:inherit;clear:left;\">Operating cash flow hedging<span class=\"_ _a8\"> </span><span class=\"ws0\">-3.5<span class=\"_ _5e\"> </span>3.9<span class=\"_ _2c3\"> </span>-0.1<span class=\"_ _77\"> </span>-7.3</span></span><span style=\"display:inherit;clear:left;\">lines*</span><span style=\"display:inherit;clear:left;\">Hedging of interest related to future </span><span style=\"display:inherit;clear:left;\">Lease payments </span><span style=\"display:inherit;clear:left;\">lease payments<span class=\"_ _2d3\"> </span><span class=\"ws0\">-2.8<span class=\"_ _5e\"> </span>0.7<span class=\"_ _22\"> </span>-<span class=\"_ _104\"> </span>-3.6</span></span><span style=\"display:inherit;clear:left;\">for aircraft</span><span style=\"display:inherit;clear:left;\">The actuarial gains and losses of </span><span style=\"display:inherit;clear:left;\">defined benefit plan<span class=\"_ _373\"> </span><span class=\"ws0\">82.0<span class=\"_ _2e1\"> </span>-<span class=\"_ _3a\"> </span>11.6<span class=\"_ _b9\"> </span>70.4</span></span><span style=\"display:inherit;clear:left;\">Cost of hedging reserve<span class=\"_ _1e5\"> </span><span class=\"ws0\">-1.7<span class=\"_ _2e1\"> </span>-<span class=\"_ _41\"> </span>-4.9<span class=\"_ _c4\"> </span>3.3</span></span><span style=\"display:inherit;clear:left;\">Tax effect<span class=\"_ _63\"> </span><span class=\"ws0\">-12.2<span class=\"_ _22\"> </span>-<span class=\"_ _d2\"> </span>1.9<span class=\"_ _b9\"> </span>-14.1</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _228\"> </span>48.6<span class=\"_ _107\"> </span>4.1<span class=\"_ _f3\"> </span>1.7<span class=\"_ _e3\"> </span>42.8</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _374\"> </span><span class=\"ws0\">2024<span class=\"_ _122\"> </span>2025<span class=\"_ _14a\"> </span>2026<span class=\"_ _32a\"> </span>2027<span class=\"_ _14a\"> </span>2028<span class=\"_ _32e\"> </span>Later<span class=\"_ _128\"> </span>Total</span></span><span style=\"display:inherit;clear:left;\">Jet fuel price hedging<span class=\"_ _375\"> </span><span class=\"ws0\">-11.7<span class=\"_ _7c\"> </span>-1.5<span class=\"_ _66\"> </span>-<span class=\"_ _66\"> </span>-<span class=\"_ _66\"> </span>-<span class=\"_ _66\"> </span>-<span class=\"_ _18f\"> </span>-13.2</span></span><span style=\"display:inherit;clear:left;\">Operating cash flow hedging<span class=\"_ _a8\"> </span><span class=\"ws0\">-3.5<span class=\"_ _66\"> </span>-<span class=\"_ _66\"> </span>-<span class=\"_ _66\"> </span>-<span class=\"_ _66\"> </span>-<span class=\"_ _66\"> </span>-<span class=\"_ _83\"> </span>-3.5</span></span><span style=\"display:inherit;clear:left;\">Hedging of interest related to future </span><span style=\"display:inherit;clear:left;\">lease payments<span class=\"_ _2d3\"> </span><span class=\"ws0\">-0.7<span class=\"_ _100\"> </span>-0.7<span class=\"_ _100\"> </span>-0.7<span class=\"_ _100\"> </span>-0.7<span class=\"_ _82\"> </span>0.0<span class=\"_ _189\"> </span>-<span class=\"_ _100\"> </span>-2.8</span></span><span style=\"display:inherit;clear:left;\">The actuarial gains and losses of </span><span style=\"display:inherit;clear:left;\">defined benefit plan<span class=\"_ _373\"> </span><span class=\"ws0\">82.0<span class=\"_ _66\"> </span>-<span class=\"_ _66\"> </span>-<span class=\"_ _66\"> </span>-<span class=\"_ _66\"> </span>-<span class=\"_ _66\"> </span>-<span class=\"_ _bb\"> </span>82.0</span></span><span style=\"display:inherit;clear:left;\">Cost of hedging reserve<span class=\"_ _1e5\"> </span><span class=\"ws0\">-1.7<span class=\"_ _66\"> </span>-<span class=\"_ _66\"> </span>-<span class=\"_ _66\"> </span>-<span class=\"_ _66\"> </span>-<span class=\"_ _66\"> </span>-<span class=\"_ _155\"> </span>-1.7</span></span><span style=\"display:inherit;clear:left;\">Tax effect<span class=\"_ _376\"> </span><span class=\"ws0\">-12.9<span class=\"_ _23\"> </span>0.5<span class=\"_ _e3\"> </span>0.1<span class=\"_ _103\"> </span>0.1<span class=\"_ _377\"> </span>0.0<span class=\"_ _66\"> </span>-<span class=\"_ _18f\"> </span>-12.2</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _378\"> </span>51.5<span class=\"_ _64\"> </span>-1.8<span class=\"_ _7d\"> </span>-0.6<span class=\"_ _7d\"> </span>-0.6<span class=\"_ _7b\"> </span>0.0<span class=\"_ _189\"> </span>-<span class=\"_ _26d\"> </span>48.6</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Result for the financial year, EUR mill.<span class=\"_ _2d6\"> </span><span class=\"ws0\">254.3<span class=\"_ _20d\"> </span>-476.2</span></span><span style=\"display:inherit;clear:left;\">Hybrid bond interest, EUR mill.<span class=\"_ _35b\"> </span><span class=\"ws0\">-13.7<span class=\"_ _39\"> </span>-20.5</span></span><span style=\"display:inherit;clear:left;\">Capital loan cost, EUR mill.<span class=\"_ _29d\"> </span><span class=\"ws0\">-32.9<span class=\"_ _fd\"> </span>-15.9</span></span><span style=\"display:inherit;clear:left;\">Tax effect<span class=\"_ _31c\"> </span><span class=\"ws0\">9.3<span class=\"_ _107\"> </span>7.3</span></span><span style=\"display:inherit;clear:left;\">Adjusted result for the financial year<span class=\"_ _379\"> </span><span class=\"ws0\">216.9<span class=\"_ _26c\"> </span>-505.3</span></span><span style=\"display:inherit;clear:left;\">Weighted average number of shares, mill. Pcs<span class=\"_ _49\"> </span><span class=\"ws0\">9,640.7<span class=\"_ _87\"> </span>8,380.5</span></span><span style=\"display:inherit;clear:left;\">Basic earnings per share, EUR<span class=\"_ _209\"> </span><span class=\"ws0\">0.022<span class=\"_ _11a\"> </span>-0.060</span></span><span style=\"display:inherit;clear:left;\">Diluted earnings per share, EUR<span class=\"_ _2d5\"> </span><span class=\"ws0\">0.022<span class=\"_ _26c\"> </span>-0.060</span></span><span style=\"display:inherit;clear:left;\">Effect of own shares, EUR<span class=\"_ _37a\"> </span><span class=\"ws0\">0.000<span class=\"_ _204\"> </span>0.000</span></span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _37b\"> </span><span class=\"ws0\">2023</span></span><span style=\"display:inherit;clear:left;\">Hedging reserve<span class=\"_ _37c\"> </span><span class=\"ws0\">-14.7</span></span><span style=\"display:inherit;clear:left;\">Unrestricted equity funds<span class=\"_ _18b\"> </span><span class=\"ws0\">1,344.4</span></span><span style=\"display:inherit;clear:left;\">Retained earnings<span class=\"_ _37d\"> </span><span class=\"ws0\">-1,088.0</span></span><span style=\"display:inherit;clear:left;\">Result for the financial year<span class=\"_ _220\"> </span><span class=\"ws0\">231.5</span></span><span style=\"display:inherit;clear:left;\">Distributable equity total<span class=\"_ _299\"> </span><span class=\"ws0\">473.1</span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-923-3": {
   "value": "<span style=\"display:inherit;clear:left;\">Interest income and expenses</span><span style=\"display:inherit;clear:left;\">Interest income and expenses are recognised on a time-proportion basis using the effective interest method. Interest </span><span style=\"display:inherit;clear:left;\">expenses related to the financing of significant investments are capitalised as part of the asset acquisition cost and </span><span style=\"display:inherit;clear:left;\">depreciated over the useful life of the asset.</span><span style=\"display:inherit;clear:left;\">More detailed information about financial assets can be found in note 3.2 and about interest bearing liabilities in </span><span style=\"display:inherit;clear:left;\">note  3.3. </span><span style=\"display:inherit;clear:left;\">In the effectiveness testing of the Group\u2019s hedge accounting, both cash flow and fair value hedging were found </span><span style=\"display:inherit;clear:left;\">to be effective at year end 2023. Thus, as in the comparison year 2022, no inefficiency is included in the financial </span><span style=\"display:inherit;clear:left;\">items for 2023. Financial income and expenses include an identical amount of profit and loss for fair value </span><span style=\"display:inherit;clear:left;\">hedging instruments and for hedged items resulting from the hedged risk.</span><span style=\"display:inherit;clear:left;\">In 2023, foreign exchange gains and losses recognised in financial expenses consist of a net realised </span><span style=\"display:inherit;clear:left;\">exchange loss of 1.1 million euro and a net unrealised exchange gain of 14.8 million euro which were mostly </span><span style=\"display:inherit;clear:left;\">caused by strenghtening of US dollar relative to euro. During the year 2023, 3.0 million euros of interest expense </span><span style=\"display:inherit;clear:left;\">was capitalised in connection with the A350 investment program (1.8). More information about the capitalised </span><span style=\"display:inherit;clear:left;\">interest can be found in note 2.1 Fleet and other fixed assets.</span><span style=\"display:inherit;clear:left;\">Other financial expenses include for example guarantee fees as well as interest and penalties related to </span><span style=\"display:inherit;clear:left;\">taxes.</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Interest income on leases <span class=\"_ _310\"> </span><span class=\"ws0\">0.0<span class=\"_ _50\"> </span>0.1</span></span><span style=\"display:inherit;clear:left;\">Gains on investment instruments held at FVPL<span class=\"_ _200\"> </span><span class=\"ws0\">38.0<span class=\"_ _107\"> </span>3.7</span></span><span style=\"display:inherit;clear:left;\">Interest from assets held at amortised cost<span class=\"_ _311\"> </span><span class=\"ws0\">14.7<span class=\"_ _107\"> </span>2.7</span></span><span style=\"display:inherit;clear:left;\">Other interest income<span class=\"_ _208\"> </span><span class=\"ws0\">0.0<span class=\"_ _182\"> </span>0.0</span></span><span style=\"display:inherit;clear:left;\">Other financial income<span class=\"_ _2ac\"> </span><span class=\"ws0\">3.4<span class=\"_ _50\"> </span>0.1</span></span><span style=\"display:inherit;clear:left;\">Dividend income<span class=\"_ _312\"> </span><span class=\"ws0\">0.0<span class=\"_ _182\"> </span>0.0</span></span><span style=\"display:inherit;clear:left;\">Financial income total<span class=\"_ _313\"> </span><span class=\"ws0\">56.2<span class=\"_ _295\"> </span>6.5</span></span><span style=\"display:inherit;clear:left;\">Interest on leases<span class=\"_ _21\"> </span><span class=\"ws0\">-70.7<span class=\"_ _2ec\"> </span>-80.1</span></span><span style=\"display:inherit;clear:left;\">Other financial expenses<span class=\"_ _27\"> </span><span class=\"ws0\">-25.4<span class=\"_ _10a\"> </span>-29.7</span></span><span style=\"display:inherit;clear:left;\">Interest expenses for liabilities measured at amortised cost<span class=\"_ _314\"> </span><span class=\"ws0\">-46.0<span class=\"_ _e1\"> </span>-28.1</span></span><span style=\"display:inherit;clear:left;\">Financial expenses total<span class=\"_ _315\"> </span><span class=\"ws0\">-142.2<span class=\"_ _204\"> </span>-137.9</span></span><span style=\"display:inherit;clear:left;\">Foreign exchange gains and losses<span class=\"_ _316\"> </span><span class=\"ws0\">13.7<span class=\"_ _39\"> </span>-38.8</span></span><span style=\"display:inherit;clear:left;\">Financial expenses, net<span class=\"_ _2e3\"> </span><span class=\"ws0\">-72.3<span class=\"_ _20d\"> </span>-170.2</span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-923-4": {
   "value": "<span style=\"display:inherit;clear:left;\">Interest income and expenses</span><span style=\"display:inherit;clear:left;\">Interest income and expenses are recognised on a time-proportion basis using the effective interest method. Interest </span><span style=\"display:inherit;clear:left;\">expenses related to the financing of significant investments are capitalised as part of the asset acquisition cost and </span><span style=\"display:inherit;clear:left;\">depreciated over the useful life of the asset.</span><span style=\"display:inherit;clear:left;\">More detailed information about financial assets can be found in note 3.2 and about interest bearing liabilities in </span><span style=\"display:inherit;clear:left;\">note  3.3. </span><span style=\"display:inherit;clear:left;\">In the effectiveness testing of the Group\u2019s hedge accounting, both cash flow and fair value hedging were found </span><span style=\"display:inherit;clear:left;\">to be effective at year end 2023. Thus, as in the comparison year 2022, no inefficiency is included in the financial </span><span style=\"display:inherit;clear:left;\">items for 2023. Financial income and expenses include an identical amount of profit and loss for fair value </span><span style=\"display:inherit;clear:left;\">hedging instruments and for hedged items resulting from the hedged risk.</span><span style=\"display:inherit;clear:left;\">In 2023, foreign exchange gains and losses recognised in financial expenses consist of a net realised </span><span style=\"display:inherit;clear:left;\">exchange loss of 1.1 million euro and a net unrealised exchange gain of 14.8 million euro which were mostly </span><span style=\"display:inherit;clear:left;\">caused by strenghtening of US dollar relative to euro. During the year 2023, 3.0 million euros of interest expense </span><span style=\"display:inherit;clear:left;\">was capitalised in connection with the A350 investment program (1.8). More information about the capitalised </span><span style=\"display:inherit;clear:left;\">interest can be found in note 2.1 Fleet and other fixed assets.</span><span style=\"display:inherit;clear:left;\">Other financial expenses include for example guarantee fees as well as interest and penalties related to </span><span style=\"display:inherit;clear:left;\">taxes.</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Interest income on leases <span class=\"_ _310\"> </span><span class=\"ws0\">0.0<span class=\"_ _50\"> </span>0.1</span></span><span style=\"display:inherit;clear:left;\">Gains on investment instruments held at FVPL<span class=\"_ _200\"> </span><span class=\"ws0\">38.0<span class=\"_ _107\"> </span>3.7</span></span><span style=\"display:inherit;clear:left;\">Interest from assets held at amortised cost<span class=\"_ _311\"> </span><span class=\"ws0\">14.7<span class=\"_ _107\"> </span>2.7</span></span><span style=\"display:inherit;clear:left;\">Other interest income<span class=\"_ _208\"> </span><span class=\"ws0\">0.0<span class=\"_ _182\"> </span>0.0</span></span><span style=\"display:inherit;clear:left;\">Other financial income<span class=\"_ _2ac\"> </span><span class=\"ws0\">3.4<span class=\"_ _50\"> </span>0.1</span></span><span style=\"display:inherit;clear:left;\">Dividend income<span class=\"_ _312\"> </span><span class=\"ws0\">0.0<span class=\"_ _182\"> </span>0.0</span></span><span style=\"display:inherit;clear:left;\">Financial income total<span class=\"_ _313\"> </span><span class=\"ws0\">56.2<span class=\"_ _295\"> </span>6.5</span></span><span style=\"display:inherit;clear:left;\">Interest on leases<span class=\"_ _21\"> </span><span class=\"ws0\">-70.7<span class=\"_ _2ec\"> </span>-80.1</span></span><span style=\"display:inherit;clear:left;\">Other financial expenses<span class=\"_ _27\"> </span><span class=\"ws0\">-25.4<span class=\"_ _10a\"> </span>-29.7</span></span><span style=\"display:inherit;clear:left;\">Interest expenses for liabilities measured at amortised cost<span class=\"_ _314\"> </span><span class=\"ws0\">-46.0<span class=\"_ _e1\"> </span>-28.1</span></span><span style=\"display:inherit;clear:left;\">Financial expenses total<span class=\"_ _315\"> </span><span class=\"ws0\">-142.2<span class=\"_ _204\"> </span>-137.9</span></span><span style=\"display:inherit;clear:left;\">Foreign exchange gains and losses<span class=\"_ _316\"> </span><span class=\"ws0\">13.7<span class=\"_ _39\"> </span>-38.8</span></span><span style=\"display:inherit;clear:left;\">Financial expenses, net<span class=\"_ _2e3\"> </span><span class=\"ws0\">-72.3<span class=\"_ _20d\"> </span>-170.2</span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceCostExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-923-5": {
   "value": "<span style=\"display:inherit;clear:left;\">Interest income and expenses</span><span style=\"display:inherit;clear:left;\">Interest income and expenses are recognised on a time-proportion basis using the effective interest method. Interest </span><span style=\"display:inherit;clear:left;\">expenses related to the financing of significant investments are capitalised as part of the asset acquisition cost and </span><span style=\"display:inherit;clear:left;\">depreciated over the useful life of the asset.</span><span style=\"display:inherit;clear:left;\">More detailed information about financial assets can be found in note 3.2 and about interest bearing liabilities in </span><span style=\"display:inherit;clear:left;\">note  3.3. </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-923-6": {
   "value": "<span style=\"display:inherit;clear:left;\">Interest income and expenses</span><span style=\"display:inherit;clear:left;\">Interest income and expenses are recognised on a time-proportion basis using the effective interest method. Interest </span><span style=\"display:inherit;clear:left;\">expenses related to the financing of significant investments are capitalised as part of the asset acquisition cost and </span><span style=\"display:inherit;clear:left;\">depreciated over the useful life of the asset.</span><span style=\"display:inherit;clear:left;\">More detailed information about financial assets can be found in note 3.2 and about interest bearing liabilities in </span><span style=\"display:inherit;clear:left;\">note  3.3. </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceCostsExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-923-7": {
   "value": "<span style=\"display:inherit;clear:left;\">Interest income and expenses</span><span style=\"display:inherit;clear:left;\">Interest income and expenses are recognised on a time-proportion basis using the effective interest method. Interest </span><span style=\"display:inherit;clear:left;\">expenses related to the financing of significant investments are capitalised as part of the asset acquisition cost and </span><span style=\"display:inherit;clear:left;\">depreciated over the useful life of the asset.</span><span style=\"display:inherit;clear:left;\">More detailed information about financial assets can be found in note 3.2 and about interest bearing liabilities in </span><span style=\"display:inherit;clear:left;\">note  3.3. </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-941-3": {
   "value": "<span style=\"display:inherit;clear:left;\">3.2 Financial assets</span><span style=\"display:inherit;clear:left;\">Financial assets</span><span style=\"display:inherit;clear:left;\">In the Group, financial assets have been classified into the following categories according to the IFRS 9 standard </span><span style=\"display:inherit;clear:left;\">\u201cFinancial Instruments\u201d: amortised cost and fair value through profit and loss. The classification is made at the time of </span><span style=\"display:inherit;clear:left;\">the original acquisition based on the objective of the business model and the characteristics of contractual cash flows </span><span style=\"display:inherit;clear:left;\">of the investment, or by applying a fair value option. All purchases and sales of financial assets are recognised on the </span><span style=\"display:inherit;clear:left;\">trade date. </span><span style=\"display:inherit;clear:left;\">Financial assets at fair value through profit and loss include such assets as investments in bonds and money market </span><span style=\"display:inherit;clear:left;\">funds. Financial assets at fair value through profit and loss have mainly been acquired to obtain a gain from short-</span><span style=\"display:inherit;clear:left;\">term changes in market prices. All those derivatives that do not fulfil the conditions for the application of hedge </span><span style=\"display:inherit;clear:left;\">accounting are classified as financial assets at fair value through profit and loss and are valued at fair value in each </span><span style=\"display:inherit;clear:left;\">financial statement. Realised and unrealised gains and losses arising from changes in fair value are recognised in the </span><span style=\"display:inherit;clear:left;\">income statement in the period in which they arise. Financial assets recognised at fair value through profit and loss, as </span><span style=\"display:inherit;clear:left;\">well as those maturing within 12 months, are included in current assets. </span><span style=\"display:inherit;clear:left;\">In Finnair Group, unquoted shares are valued at their acquisition price in the absence of a reliable fair value. </span><span style=\"display:inherit;clear:left;\">Investments in debt securities are measured at amortised cost, but only when the objective of the business model is </span><span style=\"display:inherit;clear:left;\">to hold the asset to collect the contractual cash flows and the asset\u2019s contractual cash flows represent only payments </span><span style=\"display:inherit;clear:left;\">of principal and interest. Financial assets recognised at amortised cost are valued using the effective interest method. </span><span style=\"display:inherit;clear:left;\">Financial assets valued at amortised cost include trade receivables and security deposits for aircraft operating lease </span><span style=\"display:inherit;clear:left;\">agreements. Due to the nature of short-term receivables and other receivables, their book value is expected to be </span><span style=\"display:inherit;clear:left;\">equal to the fair value.</span><span style=\"display:inherit;clear:left;\">Derecognition of financial assets takes place when the Group has lost its contractual right to receive cash flows or </span><span style=\"display:inherit;clear:left;\">when it has substantially transferred the risks and rewards outside the Group.</span><span style=\"display:inherit;clear:left;\">Impairment of financial assets</span><span style=\"display:inherit;clear:left;\">Finnair Group recognises impairment provisions based on lifetime expected credit losses from trade receivables </span><span style=\"display:inherit;clear:left;\">in accordance with IFRS 9. Finnair has chosen to apply a simplified credit loss matrix for trade receivables as trade </span><span style=\"display:inherit;clear:left;\">receivables do not have a significant financing component. Accordingly, the credit loss allowance is measured at an </span><span style=\"display:inherit;clear:left;\">amount equal to the lifetime expected credit losses. The expected credit loss model is forward-looking, and expected </span><span style=\"display:inherit;clear:left;\">default rates are based on historical realised credit losses. The lifetime expected credit loss allowance is calculated </span><span style=\"display:inherit;clear:left;\">using the gross carrying amount of outstanding trade receivables in each aging bucket and an expected default rate. </span><span style=\"display:inherit;clear:left;\">The changes in expected credit losses are recognised in other expenses in the consolidated income statement. More </span><span style=\"display:inherit;clear:left;\">information on the credit loss provision on trade receivables can be found in note 1.2.3. Receivables related to revenue.</span><span style=\"display:inherit;clear:left;\">The impairment model does not apply to financial investments, such as bonds and money market funds, included </span><span style=\"display:inherit;clear:left;\">in other financial assets as those are measured at fair value through profit and loss under IFRS 9, which already </span><span style=\"display:inherit;clear:left;\">takes into account expected credit losses. With respect to the assets measured at amortised cost, Finnair is actively </span><span style=\"display:inherit;clear:left;\">following such instruments and will recognise impairment through profit and loss if there is evidence of deterioration in </span><span style=\"display:inherit;clear:left;\">credit quality.</span><span style=\"display:inherit;clear:left;\">3.2.1 Other current financial assets</span><span style=\"display:inherit;clear:left;\">As of 31 December 2023, investments in instruments issued by unrated counterparties mostly include investments</span><span style=\"display:inherit;clear:left;\">in money market funds (EUR 723.4 million euro).</span><span style=\"display:inherit;clear:left;\">The Group\u2019s financial asset investments and risk management policy are described in more detail in Note 3.5 </span><span style=\"display:inherit;clear:left;\">Management of financial risks. The IFRS classifications and fair values of the financial assets are presented in </span><span style=\"display:inherit;clear:left;\">Note 3.6 Classification of financial assets and liabilities.</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Commercial paper, certificates and bonds<span class=\"_ _317\"> </span><span class=\"ws0\">53.4<span class=\"_ _47\"> </span>47.8</span></span><span style=\"display:inherit;clear:left;\">Money market funds<span class=\"_ _318\"> </span><span class=\"ws0\">723.4<span class=\"_ _59\"> </span>690.8</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _319\"> </span>776.8<span class=\"_ _57\"> </span>738.6</span><span style=\"display:inherit;clear:left;\">Ratings of counterparties</span><span style=\"display:inherit;clear:left;\">Better than A</span><span style=\"display:inherit;clear:left;\">A<span class=\"_ _31a\"> </span>-<span class=\"_ _2c3\"> </span>11.0</span><span style=\"display:inherit;clear:left;\">BBB<span class=\"_ _1c2\"> </span>21.7<span class=\"_ _41\"> </span>12.0</span><span style=\"display:inherit;clear:left;\">BB<span class=\"_ _31b\"> </span>3.9<span class=\"_ _1cf\"> </span>2.0</span><span style=\"display:inherit;clear:left;\">Unrated<span class=\"_ _31c\"> </span>751.2<span class=\"_ _2ec\"> </span>713.7</span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _319\"> </span>776.8<span class=\"_ _57\"> </span>738.6</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-941-4": {
   "value": "<span style=\"display:inherit;clear:left;\">3.2 Financial assets</span><span style=\"display:inherit;clear:left;\">Financial assets</span><span style=\"display:inherit;clear:left;\">In the Group, financial assets have been classified into the following categories according to the IFRS 9 standard </span><span style=\"display:inherit;clear:left;\">\u201cFinancial Instruments\u201d: amortised cost and fair value through profit and loss. The classification is made at the time of </span><span style=\"display:inherit;clear:left;\">the original acquisition based on the objective of the business model and the characteristics of contractual cash flows </span><span style=\"display:inherit;clear:left;\">of the investment, or by applying a fair value option. All purchases and sales of financial assets are recognised on the </span><span style=\"display:inherit;clear:left;\">trade date. </span><span style=\"display:inherit;clear:left;\">Financial assets at fair value through profit and loss include such assets as investments in bonds and money market </span><span style=\"display:inherit;clear:left;\">funds. Financial assets at fair value through profit and loss have mainly been acquired to obtain a gain from short-</span><span style=\"display:inherit;clear:left;\">term changes in market prices. All those derivatives that do not fulfil the conditions for the application of hedge </span><span style=\"display:inherit;clear:left;\">accounting are classified as financial assets at fair value through profit and loss and are valued at fair value in each </span><span style=\"display:inherit;clear:left;\">financial statement. Realised and unrealised gains and losses arising from changes in fair value are recognised in the </span><span style=\"display:inherit;clear:left;\">income statement in the period in which they arise. Financial assets recognised at fair value through profit and loss, as </span><span style=\"display:inherit;clear:left;\">well as those maturing within 12 months, are included in current assets. </span><span style=\"display:inherit;clear:left;\">In Finnair Group, unquoted shares are valued at their acquisition price in the absence of a reliable fair value. </span><span style=\"display:inherit;clear:left;\">Investments in debt securities are measured at amortised cost, but only when the objective of the business model is </span><span style=\"display:inherit;clear:left;\">to hold the asset to collect the contractual cash flows and the asset\u2019s contractual cash flows represent only payments </span><span style=\"display:inherit;clear:left;\">of principal and interest. Financial assets recognised at amortised cost are valued using the effective interest method. </span><span style=\"display:inherit;clear:left;\">Financial assets valued at amortised cost include trade receivables and security deposits for aircraft operating lease </span><span style=\"display:inherit;clear:left;\">agreements. Due to the nature of short-term receivables and other receivables, their book value is expected to be </span><span style=\"display:inherit;clear:left;\">equal to the fair value.</span><span style=\"display:inherit;clear:left;\">Derecognition of financial assets takes place when the Group has lost its contractual right to receive cash flows or </span><span style=\"display:inherit;clear:left;\">when it has substantially transferred the risks and rewards outside the Group.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-941-5": {
   "value": "<span style=\"display:inherit;clear:left;\">3.2 Financial assets</span><span style=\"display:inherit;clear:left;\">Financial assets</span><span style=\"display:inherit;clear:left;\">In the Group, financial assets have been classified into the following categories according to the IFRS 9 standard </span><span style=\"display:inherit;clear:left;\">\u201cFinancial Instruments\u201d: amortised cost and fair value through profit and loss. The classification is made at the time of </span><span style=\"display:inherit;clear:left;\">the original acquisition based on the objective of the business model and the characteristics of contractual cash flows </span><span style=\"display:inherit;clear:left;\">of the investment, or by applying a fair value option. All purchases and sales of financial assets are recognised on the </span><span style=\"display:inherit;clear:left;\">trade date. </span><span style=\"display:inherit;clear:left;\">Financial assets at fair value through profit and loss include such assets as investments in bonds and money market </span><span style=\"display:inherit;clear:left;\">funds. Financial assets at fair value through profit and loss have mainly been acquired to obtain a gain from short-</span><span style=\"display:inherit;clear:left;\">term changes in market prices. All those derivatives that do not fulfil the conditions for the application of hedge </span><span style=\"display:inherit;clear:left;\">accounting are classified as financial assets at fair value through profit and loss and are valued at fair value in each </span><span style=\"display:inherit;clear:left;\">financial statement. Realised and unrealised gains and losses arising from changes in fair value are recognised in the </span><span style=\"display:inherit;clear:left;\">income statement in the period in which they arise. Financial assets recognised at fair value through profit and loss, as </span><span style=\"display:inherit;clear:left;\">well as those maturing within 12 months, are included in current assets. </span><span style=\"display:inherit;clear:left;\">In Finnair Group, unquoted shares are valued at their acquisition price in the absence of a reliable fair value. </span><span style=\"display:inherit;clear:left;\">Investments in debt securities are measured at amortised cost, but only when the objective of the business model is </span><span style=\"display:inherit;clear:left;\">to hold the asset to collect the contractual cash flows and the asset\u2019s contractual cash flows represent only payments </span><span style=\"display:inherit;clear:left;\">of principal and interest. Financial assets recognised at amortised cost are valued using the effective interest method. </span><span style=\"display:inherit;clear:left;\">Financial assets valued at amortised cost include trade receivables and security deposits for aircraft operating lease </span><span style=\"display:inherit;clear:left;\">agreements. Due to the nature of short-term receivables and other receivables, their book value is expected to be </span><span style=\"display:inherit;clear:left;\">equal to the fair value.</span><span style=\"display:inherit;clear:left;\">Derecognition of financial assets takes place when the Group has lost its contractual right to receive cash flows or </span><span style=\"display:inherit;clear:left;\">when it has substantially transferred the risks and rewards outside the Group.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-964-5": {
   "value": "<span style=\"display:inherit;clear:left;\">Impairment of financial assets</span><span style=\"display:inherit;clear:left;\">Finnair Group recognises impairment provisions based on lifetime expected credit losses from trade receivables </span><span style=\"display:inherit;clear:left;\">in accordance with IFRS 9. Finnair has chosen to apply a simplified credit loss matrix for trade receivables as trade </span><span style=\"display:inherit;clear:left;\">receivables do not have a significant financing component. Accordingly, the credit loss allowance is measured at an </span><span style=\"display:inherit;clear:left;\">amount equal to the lifetime expected credit losses. The expected credit loss model is forward-looking, and expected </span><span style=\"display:inherit;clear:left;\">default rates are based on historical realised credit losses. The lifetime expected credit loss allowance is calculated </span><span style=\"display:inherit;clear:left;\">using the gross carrying amount of outstanding trade receivables in each aging bucket and an expected default rate. </span><span style=\"display:inherit;clear:left;\">The changes in expected credit losses are recognised in other expenses in the consolidated income statement. More </span><span style=\"display:inherit;clear:left;\">information on the credit loss provision on trade receivables can be found in note 1.2.3. Receivables related to revenue.</span><span style=\"display:inherit;clear:left;\">The impairment model does not apply to financial investments, such as bonds and money market funds, included </span><span style=\"display:inherit;clear:left;\">in other financial assets as those are measured at fair value through profit and loss under IFRS 9, which already </span><span style=\"display:inherit;clear:left;\">takes into account expected credit losses. With respect to the assets measured at amortised cost, Finnair is actively </span><span style=\"display:inherit;clear:left;\">following such instruments and will recognise impairment through profit and loss if there is evidence of deterioration in </span><span style=\"display:inherit;clear:left;\">credit quality.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-978-2": {
   "value": "<span style=\"display:inherit;clear:left;\">Cash and cash equivalents</span><span style=\"display:inherit;clear:left;\">Cash and cash equivalents consist of cash reserves and short-term bank deposits with maturity of less than three </span><span style=\"display:inherit;clear:left;\">months. Foreign exchange-denominated items have been converted to euro using the mid-market exchange rates on </span><span style=\"display:inherit;clear:left;\">the closing date.</span><span style=\"display:inherit;clear:left;\">3.2.2 Cash and cash equivalents</span><span style=\"display:inherit;clear:left;\">The items include cash and bank deposits realised on demand. Foreign currency cash and bank deposits have </span><span style=\"display:inherit;clear:left;\">been valued using the closing date mid-market exchange rates. The reconciliation of cash and cash equivalents</span><span style=\"display:inherit;clear:left;\">is illustrated in the notes of the consolidated cash flow statement.</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Cash and bank deposits<span class=\"_ _31d\"> </span><span class=\"ws0\">145.1<span class=\"_ _c1\"> </span>785.8</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _289\"> </span>145.1<span class=\"_ _f7\"> </span>785.8</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-978-3": {
   "value": "<span style=\"display:inherit;clear:left;\">Cash and cash equivalents</span><span style=\"display:inherit;clear:left;\">Cash and cash equivalents consist of cash reserves and short-term bank deposits with maturity of less than three </span><span style=\"display:inherit;clear:left;\">months. Foreign exchange-denominated items have been converted to euro using the mid-market exchange rates on </span><span style=\"display:inherit;clear:left;\">the closing date.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-992-3": {
   "value": "<span style=\"display:inherit;clear:left;\">3.3 Financial liabilities</span><span style=\"display:inherit;clear:left;\">   Financial liabilities</span><span style=\"display:inherit;clear:left;\">Finnair Group\u2019s financial liabilities are classified into two different classes: amortised cost and fair value through profit </span><span style=\"display:inherit;clear:left;\">and loss. Financial liabilities are initially recognised at fair value on the basis of the original consideration received. </span><span style=\"display:inherit;clear:left;\">Transaction costs have been included in the original book value of financial liabilities. Thereafter, all non-derivative </span><span style=\"display:inherit;clear:left;\">financial liabilities are valued at amortised cost using the effective interest method. Financial liabilities are included </span><span style=\"display:inherit;clear:left;\">in long- and short-term liabilities, and they can be interest-bearing or non-interest-bearing. Loans that are due for </span><span style=\"display:inherit;clear:left;\">payment within 12 months are presented in the short-term liabilities. Foreign currency loans are valued at the mid-</span><span style=\"display:inherit;clear:left;\">market exchange rate on the closing date, and translation differences are recognised in the financial items.</span><span style=\"display:inherit;clear:left;\">Accounts payable are initially recognised at fair value and subsequently measured at amortised cost using the </span><span style=\"display:inherit;clear:left;\">effective interest method.</span><span style=\"display:inherit;clear:left;\">Derecognition of financial liabilities takes place when the Group has fulfilled the contractual obligations. </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-1045-3": {
   "value": "<span style=\"display:inherit;clear:left;\">State aid relating to Finnair\u2019s refinancing</span><span style=\"display:inherit;clear:left;\">State aid in rights issue</span><span style=\"display:inherit;clear:left;\">Finnair announced on 27 October 2023 the terms and conditions of the planned rights issue and completed the </span><span style=\"display:inherit;clear:left;\">rights issue on 23 November 2023. The gross proceeds from the rights issue were announced to be approximately </span><span style=\"display:inherit;clear:left;\">570 million euros by offering up to 19,012,413,069 offer shares for subscription in the Offering with pre-emptive </span><span style=\"display:inherit;clear:left;\">rights for existing shareholders in Finnair.</span><span style=\"display:inherit;clear:left;\">State of Finland irrevocably committed to subscribe for their respective pro rata share of the offering subject </span><span style=\"display:inherit;clear:left;\">to customary terms and conditions of the right issue. The participation of the State of Finland to the rights issue </span><span style=\"display:inherit;clear:left;\">was paid by offsetting the aggregate subscription price against a corresponding amount of the principal of the </span><span style=\"display:inherit;clear:left;\">capital loan. The overall offset amount was approximately 318.6 million euros and after the completion of the </span><span style=\"display:inherit;clear:left;\">rights issue Finnair repaid the remainder of the capital loan of approximately 81.4 million euros, to the State of </span><span style=\"display:inherit;clear:left;\">Finland. In addition, Finnair paid the related interest and other fees of 48.9 million euros to the State. Therefore the </span><span style=\"display:inherit;clear:left;\">capital loan has been fully repaid and is no longer part of Finnair\u2019s balance sheet.</span><span style=\"display:inherit;clear:left;\">State aid in pension premium loan extension</span><span style=\"display:inherit;clear:left;\">The EU Commission\u2019s competition authority approved the extension of the 540-million-euro guarantee related </span><span style=\"display:inherit;clear:left;\">to the pension premium loan on 20 June 2022. The pension premium loan maturity is extended until 2025 and the </span><span style=\"display:inherit;clear:left;\">repayment schedule is amended so that the company will amortise the loan by 100 million euros every 6 months. </span><span style=\"display:inherit;clear:left;\">However, the remaining two 100-million-euro tranches will be paid in full on 15 May 2025. In accordance with the </span><span style=\"display:inherit;clear:left;\">loan terms, the pension premium loan is required to have a guarantee. The guarantee is granted by the State of </span><span style=\"display:inherit;clear:left;\">Finland and a commercial bank..</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGovernmentGrantsExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-1070-3": {
   "value": "<span style=\"display:inherit;clear:left;\">3.4 Contingent liabilities</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Guarantees on behalf of group companies<span class=\"_ _8d\"> </span><span class=\"ws0\">51.5<span class=\"_ _42\"> </span>52.5</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _33b\"> </span>51.5<span class=\"_ _10d\"> </span>52.5</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfContingentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-1090-3": {
   "value": "<span style=\"display:inherit;clear:left;\">Fuel price risk in flight operations</span><span style=\"display:inherit;clear:left;\">Fuel price risk means the cash flow and financial performance uncertainty arising from fuel price fluctuations.</span><span style=\"display:inherit;clear:left;\">Finnair hedges against jet fuel price fluctuations using jet fuel forward contracts and options. The Jet Fuel </span><span style=\"display:inherit;clear:left;\">CIF Cargoes NWE index is used as the underlying asset of jet fuel derivatives, since approximately 64 per cent </span><span style=\"display:inherit;clear:left;\">of Finnair\u2019s fuel purchase contracts are based on the benchmark price index for Northwest Europe jet fuel </span><span style=\"display:inherit;clear:left;\">deliveries.</span><span style=\"display:inherit;clear:left;\">Finnair applies the principle of time-diversification in its fuel hedging. Finnair updated its risk management </span><span style=\"display:inherit;clear:left;\">policy in December 2023, and hedging horizon was extended from 12 months to 18 months. The risk </span><span style=\"display:inherit;clear:left;\">management policy states that hedging ratio must be increased during each quarter of the year, so that for the </span><span style=\"display:inherit;clear:left;\">first three months of the hedging period the hedge ratio is approximately between 70 per cent and 95 per cent, </span><span style=\"display:inherit;clear:left;\">with target ratio being 80 per cent. Thereafter, lower hedge ratio limits apply for each quarter. Due to hedging, </span><span style=\"display:inherit;clear:left;\">the fuel cost per period is not as low as the spot-based price when prices fall, but when spot prices rise, the fuel </span><span style=\"display:inherit;clear:left;\">cost rises more slowly. </span><span style=\"display:inherit;clear:left;\">The hedges of jet fuel consumption are treated as cash flow hedges in accounting, in accordance with the </span><span style=\"display:inherit;clear:left;\">hedge accounting principles of IFRS 9. During 2023, Finnair has hedged the jet fuel price risk in its entirety, without</span><span style=\"display:inherit;clear:left;\">separating it into underlying risk components, such as crude oil price risk. However, Finnair has used proxy </span><span style=\"display:inherit;clear:left;\">hedging for certain layer components of its jet fuel consumption, as described below. </span><span style=\"display:inherit;clear:left;\">In the hedging of jet fuel price risk, Finnair Group designates layer components of its jet fuel consumption </span><span style=\"display:inherit;clear:left;\">as hedged items. The layer components are defined as jet fuel consumption linked to different jet fuel price </span><span style=\"display:inherit;clear:left;\">benchmarks. The first layer is defined as jet fuel purchases based on the Jet Fuel CIF Cargoes NWE index, with </span><span style=\"display:inherit;clear:left;\">consumption linked to other price benchmarks, notably Cargoes FOB Singapore, representing other layers. </span><span style=\"display:inherit;clear:left;\">Since the Jet Fuel CIF Cargoes NWE index is used as the underlying of all jet fuel derivatives, they are designated </span><span style=\"display:inherit;clear:left;\">as proxy hedges for consumption based on other price benchmarks. Therefore, ineffectiveness may arise if </span><span style=\"display:inherit;clear:left;\">the correlation between the NWE index and the price benchmark for the underlying consumption is not high </span><span style=\"display:inherit;clear:left;\">enough for the fair value changes in the hedged item and the hedging instrument to be exactly offsetting. Any </span><span style=\"display:inherit;clear:left;\">ineffectiveness resulting from overhedging or insufficient correlation is recognised in fair value changes in </span><span style=\"display:inherit;clear:left;\">derivatives and changes in exchange rates of fleet overhauls.</span><span style=\"display:inherit;clear:left;\">Update in financial risk management</span><span style=\"display:inherit;clear:left;\">During the year 2023 Finnair has continued normal hedging operations. Finnair increased the hedging ratios in </span><span style=\"display:inherit;clear:left;\">jet fuel and foreign exchange steadily during the year 2023 and revised the risk management policy during the </span><span style=\"display:inherit;clear:left;\">the last quarter of 2023. The risk management policy was updated so that the hedging limits and target level </span><span style=\"display:inherit;clear:left;\">were increased by 5% for each of the hedged quarters. Furthermore, hedging horizon was extended from 12 </span><span style=\"display:inherit;clear:left;\">months to 18 months.</span><span style=\"display:inherit;clear:left;\">The average hedged price of the instruments hedging highly probable jet fuel purchases is calculated by taking into account </span><span style=\"display:inherit;clear:left;\">only the hedging (bought) leg of collar option structures, and therefore represents the least favorable hedged rate. The most </span><span style=\"display:inherit;clear:left;\">favorable rate, calculated by including only the sold leg of collar option structures, is 798.96 US dollars per tonne for NWE </span><span style=\"display:inherit;clear:left;\">consumption, and 809.38 US dollars for SING consumption. Options excluded from hedge accounting are excluded in both </span><span style=\"display:inherit;clear:left;\">cases.</span><span style=\"display:inherit;clear:left;\">At the end of the financial year, Finnair had hedged 73 per cent of its forecasted fuel purchases for the first </span><span style=\"display:inherit;clear:left;\">six months of 2024 and 42 per cent of the purchases for the second half of the year. In the financial year 2023, </span><span style=\"display:inherit;clear:left;\">fuel used in flight operations accounted for approximately 30 per cent of Group\u2019s turnover. At the end of the </span><span style=\"display:inherit;clear:left;\">financial year, the forecast for 2024 is approximately 29 per cent of the Group\u2019s turnover. On the closing date, </span><span style=\"display:inherit;clear:left;\">a 10 per cent rise in the market price of jet fuel \u2013 excluding hedging activity \u2013 increases annual fuel costs by an </span><span style=\"display:inherit;clear:left;\">estimated 77 million euro. On the closing date \u2013 taking hedging into account \u2013 a 10 per cent rise in the market </span><span style=\"display:inherit;clear:left;\">price of jet fuel lowers the operating profit by around 49 million euro. </span><span style=\"display:inherit;clear:left;\">Foreign exchange risk</span><span style=\"display:inherit;clear:left;\">Foreign exchange risk means the uncertainty in cash flows and financial performance arising from exchange </span><span style=\"display:inherit;clear:left;\">rate fluctuations. </span><span style=\"display:inherit;clear:left;\">Finnair Group\u2019s foreign exchange risk mainly arises from fuel purchases, aircraft lease liabilities, acquisition </span><span style=\"display:inherit;clear:left;\">and divestment of aircraft, aircraft maintenance, overflight royalties and foreign currency revenue. About 59 </span><span style=\"display:inherit;clear:left;\">per cent of the Group\u2019s revenue is denominated in euros. The most important foreign revenue currencies are </span><span style=\"display:inherit;clear:left;\">the US dollar (9 per cent, percentage of revenue), the Japanese yen (4 per cent) and the British pound sterling (4 </span><span style=\"display:inherit;clear:left;\">per cent). Approximately 40 per cent Group\u2019s operating costs are denominated in foreign currencies. The most </span><span style=\"display:inherit;clear:left;\">important purchasing currency is the US dollar, which accounts for approximately 34 per cent of all operating </span><span style=\"display:inherit;clear:left;\">costs. The most significant US dollar-denominated expense is fuel costs. The largest investments \u2013 aircraft and </span><span style=\"display:inherit;clear:left;\">their spare parts \u2013 are also mainly made in US dollars.</span><span style=\"display:inherit;clear:left;\">The risk management policy divides the foreign exchange position into three parts, namely exposure to </span><span style=\"display:inherit;clear:left;\">forecasted cash flows, balance sheet position and investment position. </span><span style=\"display:inherit;clear:left;\">The cash flow exposure mainly consists of sales denominated in a number of different currencies and US </span><span style=\"display:inherit;clear:left;\">dollar-denominated expenses. Forecasted jet fuel purchases, aircraft materials and overhaul expenses and </span><span style=\"display:inherit;clear:left;\">Maturity</span><span style=\"display:inherit;clear:left;\">Timing of the notional <span class=\"ws0\"> </span></span><span style=\"display:inherit;clear:left;\">Hedged price <span class=\"_ _0\"></span><span class=\"ws0\"> </span></span><span style=\"display:inherit;clear:left;\">Notional amount </span><span style=\"display:inherit;clear:left;\">and hedged price</span><span style=\"display:inherit;clear:left;\">$/tonne</span><span style=\"display:inherit;clear:left;\">(tonnes)</span><span style=\"display:inherit;clear:left;\">Under 1 year<span class=\"_ _114\"> </span>1 to 2 years</span><span style=\"display:inherit;clear:left;\">31 December 2023</span><span style=\"display:inherit;clear:left;\">Jet fuel consumption priced with NWE index<span class=\"_ _182\"> </span> 892.1 <span class=\"_ _297\"> </span> 655,264 <span class=\"_ _82\"> </span> 626,264 <span class=\"_ _6f\"> </span> 29,000 </span><span style=\"display:inherit;clear:left;\">Jet fuel consumption priced with SING index<span class=\"_ _3a\"> </span> 918.3 <span class=\"_ _4f\"> </span> 21,736 <span class=\"_ _21a\"> </span> 21,736 <span class=\"_ _2f3\"> </span> - </span><span style=\"display:inherit;clear:left;\">31 December 2022</span><span style=\"display:inherit;clear:left;\">Jet fuel consumption priced with NWE index<span class=\"_ _5a\"> </span> 1,042.9 <span class=\"_ _3b\"> </span> 358,000 <span class=\"_ _151\"> </span> 338,000 <span class=\"_ _76\"> </span> 20,000 </span><span style=\"display:inherit;clear:left;\">Jet fuel consumption priced with SING index<span class=\"_ _13e\"> </span><span class=\"ws0\"> <span class=\"_ _ee\"> </span> <span class=\"_ _2c\"> </span> <span class=\"_ _259\"> </span> </span></span><span style=\"display:inherit;clear:left;\">traffic charges form a group of similar items that are hedged with the same hedging instrument. The purpose </span><span style=\"display:inherit;clear:left;\">of currency risk hedging \u2013 for cash flow exposure \u2013 is to reduce the volatility of cash flows and the comparable </span><span style=\"display:inherit;clear:left;\">operating result due to fluctuating currency prices. This is done using a layered hedging strategy for the two </span><span style=\"display:inherit;clear:left;\">biggest sources of currency risk and utilising diversification benefits of the portfolio of various currencies. The </span><span style=\"display:inherit;clear:left;\">contracts are timed to mature when the cash flows from operating expenses are expected to be settled. The </span><span style=\"display:inherit;clear:left;\">hedging limits are set only for the main contributors to currency risk: the Japanese yen and the US dollar basket </span><span style=\"display:inherit;clear:left;\">consisting of the US dollar and the Hong Kong dollar. Finnair updated its risk management policy in December </span><span style=\"display:inherit;clear:left;\">2023, and hedging horizon for both Japanese yen and US dollar basket was extended from 12 months to 18 </span><span style=\"display:inherit;clear:left;\">months. The hedging horizon of 18 months is divided into six three-month periods. The risk management policy </span><span style=\"display:inherit;clear:left;\">states that hedging ratio must be increased during each quarter of the year, so that for the first three months </span><span style=\"display:inherit;clear:left;\">of the hedging period the hedge ratio is approximately between 70 per cent and 95 per cent, with target ratio </span><span style=\"display:inherit;clear:left;\">being 80 per cent. Thereafter, lower hedge ratio limits apply for each quarter.</span><span style=\"display:inherit;clear:left;\">The investment position includes all foreign currency denominated aircraft investments for which a binding </span><span style=\"display:inherit;clear:left;\">purchase agreement has been signed as well as commitments for sale and leaseback transactions in the next </span><span style=\"display:inherit;clear:left;\">four years. According to its risk management policy, Finnair Group hedges 50-100% of its aircraft investment </span><span style=\"display:inherit;clear:left;\">exposure. New hedges of investments in aircraft are made as an IFRS 9 fair value hedge of a firm commitment.</span><span style=\"display:inherit;clear:left;\">Balance sheet exposure consists of foreign currency denominated financial assets and liabilities, as well as </span><span style=\"display:inherit;clear:left;\">other foreign currency denominated balance sheet items, such as provisions, trade receivables, trade payables </span><span style=\"display:inherit;clear:left;\">and assets held for sale. Maximum hedge ratio for balance sheet position is 100% and minimum is 0%.</span><span style=\"display:inherit;clear:left;\">At the end of the financial year, Finnair had a hedge level for net operating cash flows of 57 per cent in the </span><span style=\"display:inherit;clear:left;\">USD-basket and 50 per cent in JPY for the coming 12 months. On the closing date \u2013 excluding hedges \u2013 a 10 per </span><span style=\"display:inherit;clear:left;\">cent strengthening of the US dollar against the euro has a negative impact on the 12-month operating result of </span><span style=\"display:inherit;clear:left;\">around 62 million euro and a 10 per cent weakening of the Japanese yen against the euro has a negative impact</span><span style=\"display:inherit;clear:left;\">of around 12 million euro. On the closing date \u2013 taking hedging into account \u2013 a 10 per cent strengthening of the </span><span style=\"display:inherit;clear:left;\">US dollar weakens the operating result by around 29 million euro and a 10 per cent weakening of the Japanese </span><span style=\"display:inherit;clear:left;\">yen weakens the operating result by around 5 million euro. In the above numbers, the USD-basket risk includes </span><span style=\"display:inherit;clear:left;\">the Hong Kong dollar, which historical correlation with the US dollar is high.</span><span style=\"display:inherit;clear:left;\">The hedge levels for balance sheet position at the end of the financial year were 89 per cent for USD and 86 </span><span style=\"display:inherit;clear:left;\">per cent for Japanese yen. On the closing date \u2013 excluding hedges \u2013 a 10 per cent strengthening of the US dollar</span><span style=\"display:inherit;clear:left;\">against the euro has a negative impact on the result of around 115 million euro and a 10 per cent strengthening of</span><span style=\"display:inherit;clear:left;\">the Japanese yen against the euro has a negative impact of around 4 million euro. On the closing date \u2013 taking </span><span style=\"display:inherit;clear:left;\">hedging into account \u2013 a 10 per cent strengthening of the US dollar weakens the result by around 13 million euro </span><span style=\"display:inherit;clear:left;\">and a 10 per cent strengthening of the Japanese yen weakens the result by around 0.6 million euro.</span><span style=\"display:inherit;clear:left;\">Cross-currency interest rate swaps are included in the nominal amount calculation.</span><span style=\"display:inherit;clear:left;\">The average exchange rate of the instruments hedging highly probable forecasted sales and purchases </span><span style=\"display:inherit;clear:left;\">denominated in foreign currencies is calculated by taking into account only the hedging (bought) leg of collar </span><span style=\"display:inherit;clear:left;\">option structures, and therefore represents the least favorable hedged rate. The most favorable rate, calculated</span><span style=\"display:inherit;clear:left;\">by including only the sold leg of collar option structures, is 1.10 for USD contracts and 152.09 for JPY instruments.</span><span style=\"display:inherit;clear:left;\">Foreign exchange investment exposure <span class=\"ws0\"> </span></span><span style=\"display:inherit;clear:left;\">EUR mill. 31 December 2023<span class=\"_ _33f\"> </span><span class=\"ws0\">USD</span></span><span style=\"display:inherit;clear:left;\">Net investment position<span class=\"_ _340\"> </span><span class=\"ws0\">-289.2</span></span><span style=\"display:inherit;clear:left;\">Net hedges of investment position<span class=\"_ _341\"> </span><span class=\"ws0\">158.9</span></span><span style=\"display:inherit;clear:left;\">Weighted average exchange rate of hedging instruments against the euro<span class=\"_ _101\"> </span><span class=\"ws0\">1.11</span></span><span style=\"display:inherit;clear:left;\">Foreign exchange exposure from investment position after hedging<span class=\"_ _342\"> </span><span class=\"ws0\">-130.3</span></span><span style=\"display:inherit;clear:left;\">Foreign exchange P&amp;L exposure <span class=\"ws0\"> </span></span><span style=\"display:inherit;clear:left;\">EUR mill. 31 December 2022<span class=\"_ _321\"> </span><span class=\"ws0\">JPY<span class=\"_ _1f0\"> </span>USD-basket</span></span><span style=\"display:inherit;clear:left;\">Net forecasted operating cash flows, next 12m<span class=\"_ _343\"> </span><span class=\"ws0\">83.4<span class=\"_ _f7\"> </span>-707.1</span></span><span style=\"display:inherit;clear:left;\">Net operating cash flow hedges, next 12m<span class=\"_ _344\"> </span><span class=\"ws0\">-26.2<span class=\"_ _232\"> </span>258.5</span></span><span style=\"display:inherit;clear:left;\">Weighted average exchange rate of hedging instruments against the euro<span class=\"_ _16e\"> </span><span class=\"ws0\">141.05<span class=\"_ _30\"> </span>1.05</span></span><span style=\"display:inherit;clear:left;\">Foreign exchange exposure from operating cash flows after hedging, next 12m<span class=\"_ _295\"> </span><span class=\"ws0\">57.1<span class=\"_ _26c\"> </span>-448.7</span></span><span style=\"display:inherit;clear:left;\">Foreign exchange balance sheet exposure <span class=\"ws0\"> </span></span><span style=\"display:inherit;clear:left;\">EUR mill. 31 December 2023<span class=\"_ _309\"> </span><span class=\"ws0\">JPY<span class=\"_ _149\"> </span>USD</span></span><span style=\"display:inherit;clear:left;\">Net balance sheet items<span class=\"_ _29a\"> </span><span class=\"ws0\">-39.3<span class=\"_ _59\"> </span>-718.6</span></span><span style=\"display:inherit;clear:left;\">Net hedges of balance sheet items<span class=\"_ _88\"> </span><span class=\"ws0\">33.4<span class=\"_ _57\"> </span>590.9</span></span><span style=\"display:inherit;clear:left;\">Weighted average exchange rate of hedging instruments against the euro<span class=\"_ _a4\"> </span><span class=\"ws0\">155.92<span class=\"_ _2be\"> </span>1.09</span></span><span style=\"display:inherit;clear:left;\">Foreign exchange exposure from balance sheet items after hedging<span class=\"_ _1b9\"> </span><span class=\"ws0\">-5.9<span class=\"_ _22a\"> </span>-127.7</span></span><span style=\"display:inherit;clear:left;\">Foreign exchange P&amp;L exposure <span class=\"ws0\"> </span></span><span style=\"display:inherit;clear:left;\">EUR mill. 31 December 2023<span class=\"_ _321\"> </span><span class=\"ws0\">JPY<span class=\"_ _1f0\"> </span>USD-basket</span></span><span style=\"display:inherit;clear:left;\">Net forecasted operating cash flows, next 12m<span class=\"_ _8b\"> </span><span class=\"ws0\">136.3<span class=\"_ _c5\"> </span>-639.7</span></span><span style=\"display:inherit;clear:left;\">Net operating cash flow hedges, next 12m<span class=\"_ _33e\"> </span><span class=\"ws0\">-69.8<span class=\"_ _46\"> </span>373.2</span></span><span style=\"display:inherit;clear:left;\">Weighted average exchange rate of hedging instruments against the euro<span class=\"_ _cd\"> </span><span class=\"ws0\">152.09<span class=\"_ _102\"> </span>1.09</span></span><span style=\"display:inherit;clear:left;\">Foreign exchange exposure from operating cash flows after hedging, next 12m<span class=\"_ _41\"> </span><span class=\"ws0\">66.6<span class=\"_ _138\"> </span>-266.5</span></span><span style=\"display:inherit;clear:left;\">Maturity</span><span style=\"display:inherit;clear:left;\">Timing of the notional <span class=\"ws0\"> </span></span><span style=\"display:inherit;clear:left;\">Notional amount </span><span style=\"display:inherit;clear:left;\">Less than <span class=\"_ _0\"></span><span class=\"ws0\"> </span></span><span style=\"display:inherit;clear:left;\">EUR mill. 31 December 2023</span><span style=\"display:inherit;clear:left;\">(gross)</span><span style=\"display:inherit;clear:left;\">1 year<span class=\"_ _114\"> </span>1 to 2 years<span class=\"_ _1ef\"> </span>2 to 4 years</span><span style=\"display:inherit;clear:left;\">USD<span class=\"_ _33c\"> </span>1,179.8<span class=\"_ _232\"> </span>923.4<span class=\"_ _fc\"> </span>114.0<span class=\"_ _bf\"> </span>142.5</span><span style=\"display:inherit;clear:left;\">JPY<span class=\"_ _33d\"> </span>103.1<span class=\"_ _2ec\"> </span>103.1<span class=\"_ _22\"> </span>-<span class=\"_ _22\"> </span>-</span><span style=\"display:inherit;clear:left;\">Foreign exchange balance sheet exposure <span class=\"ws0\"> </span></span><span style=\"display:inherit;clear:left;\">EUR mill. 31 December 2022<span class=\"_ _309\"> </span><span class=\"ws0\">JPY<span class=\"_ _149\"> </span>USD</span></span><span style=\"display:inherit;clear:left;\">Net balance sheet items<span class=\"_ _29a\"> </span><span class=\"ws0\">-43.8<span class=\"_ _189\"> </span>-988.5</span></span><span style=\"display:inherit;clear:left;\">Net hedges of balance sheet items<span class=\"_ _345\"> </span><span class=\"ws0\">38.9<span class=\"_ _5a\"> </span>564.1</span></span><span style=\"display:inherit;clear:left;\">Weighted average exchange rate of hedging instruments against the euro<span class=\"_ _326\"> </span><span class=\"ws0\">141.36<span class=\"_ _2c3\"> </span>1.10</span></span><span style=\"display:inherit;clear:left;\">Foreign exchange exposure from balance sheet items after hedging<span class=\"_ _346\"> </span><span class=\"ws0\">-4.9<span class=\"_ _11a\"> </span>-424.5</span></span><span style=\"display:inherit;clear:left;\">Foreign exchange investment exposure <span class=\"ws0\"> </span></span><span style=\"display:inherit;clear:left;\">EUR mill. 31 December 2022<span class=\"_ _33f\"> </span><span class=\"ws0\">USD</span></span><span style=\"display:inherit;clear:left;\">Net investment position<span class=\"_ _22d\"> </span><span class=\"ws0\">-320.8</span></span><span style=\"display:inherit;clear:left;\">Net hedges of investment position<span class=\"_ _347\"> </span><span class=\"ws0\">183.7</span></span><span style=\"display:inherit;clear:left;\">Weighted average exchange rate of hedging instruments against the euro<span class=\"_ _34\"> </span><span class=\"ws0\">1.01</span></span><span style=\"display:inherit;clear:left;\">Foreign exchange exposure from investment position after hedging<span class=\"_ _25c\"> </span><span class=\"ws0\">-137.1</span></span><span style=\"display:inherit;clear:left;\">Interest rate risk</span><span style=\"display:inherit;clear:left;\">Interest rate risk means the cash flow, financial performance and balance sheet uncertainty arising from interest</span><span style=\"display:inherit;clear:left;\">rate fluctuations.</span><span style=\"display:inherit;clear:left;\">In Finnair Group, the interest rate risk is measured using the interest rate re-fixing period. If necessary, </span><span style=\"display:inherit;clear:left;\">interest rate derivatives are used to adjust the interest rate re-fixing period. According to the risk management </span><span style=\"display:inherit;clear:left;\">policy, the mandate for the investment portfolio\u2019s interest rate re-fixing period is 0-12 months and for interest-</span><span style=\"display:inherit;clear:left;\">bearing liabilities 36-72 months. On the closing date, the investment portfolio\u2019s interest rate re-fixing period </span><span style=\"display:inherit;clear:left;\">was approximately 3 months and approximately 57 months for interest-bearing liabilities. On the closing date, </span><span style=\"display:inherit;clear:left;\">a one percentage point rise in interest rates increases the annual interest income of the investment portfolio </span><span style=\"display:inherit;clear:left;\">by approximately 7.0 million euros and the interest expenses of the loan portfolio by approximately 3.7 million </span><span style=\"display:inherit;clear:left;\">euros. The situation as of December 31 2023 is a reasonable representation of conditions throughout the year </span><span style=\"display:inherit;clear:left;\">given the current market environment.</span><span style=\"display:inherit;clear:left;\">Future lease agreements expose the group to interest rate risk, as the interest rate is one component of the </span><span style=\"display:inherit;clear:left;\">lease price. The interest rate is fixed when the lease payments start. If necessary, the group can hedge this </span><span style=\"display:inherit;clear:left;\">exposure with cash flow hedges.</span><span style=\"display:inherit;clear:left;\">Cross-currency interest rate swaps are included in the nominal amount calculation. Finnair has not entered into </span><span style=\"display:inherit;clear:left;\">any interest rate derivatives on which it is paying a fixed rate.</span><span style=\"display:inherit;clear:left;\">Maturity</span><span style=\"display:inherit;clear:left;\">Timing of the notional <span class=\"ws0\"> </span></span><span style=\"display:inherit;clear:left;\">Notional amount </span><span style=\"display:inherit;clear:left;\">Less than <span class=\"_ _0\"></span><span class=\"ws0\"> </span></span><span style=\"display:inherit;clear:left;\">EUR mill. 31 December 2023</span><span style=\"display:inherit;clear:left;\">(gross)</span><span style=\"display:inherit;clear:left;\">1 year<span class=\"_ _114\"> </span>1 to 2 years<span class=\"_ _1ef\"> </span>2 to 4 years</span><span style=\"display:inherit;clear:left;\">Interest rate derivatives<span class=\"_ _101\"> </span><span class=\"ws0\">310.4<span class=\"_ _42\"> </span>53.9<span class=\"_ _fc\"> </span>114.0<span class=\"_ _39\"> </span>142.5</span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMarketRiskExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-1172-4": {
   "value": "<span style=\"display:inherit;clear:left;\">At the end of the financial year, Finnair had a hedge level for net operating cash flows of 57 per cent in the </span><span style=\"display:inherit;clear:left;\">USD-basket and 50 per cent in JPY for the coming 12 months. On the closing date \u2013 excluding hedges \u2013 a 10 per </span><span style=\"display:inherit;clear:left;\">cent strengthening of the US dollar against the euro has a negative impact on the 12-month operating result of </span><span style=\"display:inherit;clear:left;\">around 62 million euro and a 10 per cent weakening of the Japanese yen against the euro has a negative impact</span><span style=\"display:inherit;clear:left;\">of around 12 million euro. On the closing date \u2013 taking hedging into account \u2013 a 10 per cent strengthening of the </span><span style=\"display:inherit;clear:left;\">US dollar weakens the operating result by around 29 million euro and a 10 per cent weakening of the Japanese </span><span style=\"display:inherit;clear:left;\">yen weakens the operating result by around 5 million euro. In the above numbers, the USD-basket risk includes </span><span style=\"display:inherit;clear:left;\">the Hong Kong dollar, which historical correlation with the US dollar is high.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-1215-3": {
   "value": "<span style=\"display:inherit;clear:left;\">Credit risk</span><span style=\"display:inherit;clear:left;\">The Group is exposed to counterparty risk when investing its cash reserves and when using derivative </span><span style=\"display:inherit;clear:left;\">instruments. The credit risk is managed by only making contracts with financially sound domestic and foreign </span><span style=\"display:inherit;clear:left;\">banks, financial institutions and brokers, within the framework of the risk management policy for counterparty </span><span style=\"display:inherit;clear:left;\">risk limits. Liquid assets are also invested in money market funds, bonds and commercial papers issued by </span><span style=\"display:inherit;clear:left;\">conservatively selected companies, according to company-specific limits. This way, risk exposure to any single </span><span style=\"display:inherit;clear:left;\">counterparty is not significant. Changes in the fair value of Group loans arises from changes in FX and interest </span><span style=\"display:inherit;clear:left;\">rates, not from credit risk. The Group\u2019s credit risk exposure arises from other current financial assets presented </span><span style=\"display:inherit;clear:left;\">in note 3.2.1, cash and cash equivalents presented in note 3.2.2, trade receivables presented in note 1.2.3 and </span><span style=\"display:inherit;clear:left;\">derivatives presented in note 3.8.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-1225-3": {
   "value": "<span style=\"display:inherit;clear:left;\">Liquidity risk</span><span style=\"display:inherit;clear:left;\">The goal of the Finnair Group is to maintain good liquidity. Liquidity is ensured by cash reserves, bank account </span><span style=\"display:inherit;clear:left;\">limits, liquid money market investments and committed credit facilities. Counterparties of groups\u2019 long term </span><span style=\"display:inherit;clear:left;\">loans are solid financial institutions with good reputations.</span><span style=\"display:inherit;clear:left;\">The war in Ukraine has not had a direct impact on the basic principles of Finnair\u2019s liquidity risk management. </span><span style=\"display:inherit;clear:left;\">Finnair executed several financing transactions to strenghten its balance sheet and maintain liquidity levels. </span><span style=\"display:inherit;clear:left;\">The most significant financing transactions during the year 2023 were the rights issue of net proceeds of </span><span style=\"display:inherit;clear:left;\">approximately 558 million euros, conversion and repayment of the 400 million euro capital loan, repayment of </span><span style=\"display:inherit;clear:left;\">the 200 million euro hybrid bond, and amortisations of the pension premium loan totalling 320 million euro.</span><span style=\"display:inherit;clear:left;\">The Group\u2019s cash funds were 922.0 million euro at the end of financial year 2023. Finnair Plc has a domestic </span><span style=\"display:inherit;clear:left;\">commercial paper program of 200 million euro, which was not in use as of the closing date.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-1236-3": {
   "value": "<span style=\"display:inherit;clear:left;\">Capital management</span><span style=\"display:inherit;clear:left;\">The aim of Finnair\u2019s capital management is to secure access to the capital markets at all times despite the </span><span style=\"display:inherit;clear:left;\">volatile business environment, as well as to support future business development. Through maintaining an </span><span style=\"display:inherit;clear:left;\">optimal capital structure the Group also aims to minimize the cost of capital and maximize the return on capital </span><span style=\"display:inherit;clear:left;\">employed. The capital structure is influenced via, for example, dividend distribution and share issues. The Group </span><span style=\"display:inherit;clear:left;\">can vary and adjust the level of dividends paid to shareholders, the amount of capital returned to them or the </span><span style=\"display:inherit;clear:left;\">number of new shares issued. The Group can also decide on sales of asset items in order to reduce debt.</span><span style=\"display:inherit;clear:left;\">During the year 2023 Finnair strenghtened its capital structure with the rights issue of net proceeds of </span><span style=\"display:inherit;clear:left;\">approximately 558 million euros, conversion and repayment of the 400 million euro capital loan, repayment of </span><span style=\"display:inherit;clear:left;\">the 200 million euro hybrid bond and amortisations of the pension premium loan totalling 320 million euro. The </span><span style=\"display:inherit;clear:left;\">development of the Group\u2019s capital structure is continuously monitored using the adjusted gearing ratio. When </span><span style=\"display:inherit;clear:left;\">calculating adjusted gearing, adjusted interest-bearing net debt is divided by the amount of shareholders\u2019 </span><span style=\"display:inherit;clear:left;\">equity. The Group\u2019s adjusted gearing at the end of 2023 was 193.2 per cent (266.4).</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-1270-2": {
   "value": "<span style=\"display:inherit;clear:left;\">Fair value hierarchy of financial assets and liabilities valued at fair value</span><span style=\"display:inherit;clear:left;\">Fair values at the end of the reporting period</span><span style=\"display:inherit;clear:left;\">During the financial year, no significant transfers took place between fair value hierarchy Levels 1 and 2.</span><span style=\"display:inherit;clear:left;\">The fair values of hierarchy Level 1 are fully based on quoted (unadjusted) prices in active markets of the </span><span style=\"display:inherit;clear:left;\">same assets and liabilities.</span><span style=\"display:inherit;clear:left;\">The fair values of Level 2 instruments are, to a significant extent, based on input data other than the quoted </span><span style=\"display:inherit;clear:left;\">prices included in Level 1, but still mainly based on directly observable data (price) or indirectly observable data </span><span style=\"display:inherit;clear:left;\">(derived from price) for the particular asset or liability.</span><span style=\"display:inherit;clear:left;\">On the other hand, the fair values of Level 3 instruments are based on asset or liability input data that is not </span><span style=\"display:inherit;clear:left;\">based on observable market information (unobservable inputs). The fair values are based on confirmations </span><span style=\"display:inherit;clear:left;\">supplied by counterparties, based on generally accepted valuation models.</span><span style=\"display:inherit;clear:left;\">Hedge </span><span style=\"display:inherit;clear:left;\">Fair value </span><span style=\"display:inherit;clear:left;\">accounting </span><span style=\"display:inherit;clear:left;\">through profit </span><span style=\"display:inherit;clear:left;\">Amortised </span><span style=\"display:inherit;clear:left;\">EUR mill.</span><span style=\"display:inherit;clear:left;\">items</span><span style=\"display:inherit;clear:left;\">and loss</span><span style=\"display:inherit;clear:left;\">cost<span class=\"_ _14a\"> </span><span class=\"wse5\">Book value</span></span><span style=\"display:inherit;clear:left;\">31 Dec 2023</span><span style=\"display:inherit;clear:left;\">Financial assets</span><span style=\"display:inherit;clear:left;\">Receivables<span class=\"_ _54\"> </span>-<span class=\"_ _8e\"> </span>-<span class=\"_ _b0\"> </span>2.6<span class=\"_ _1e1\"> </span>2.6</span><span style=\"display:inherit;clear:left;\">Other financial assets<span class=\"_ _348\"> </span><span class=\"ws0\">-<span class=\"_ _2c3\"> </span>776.8<span class=\"_ _8e\"> </span>-<span class=\"_ _2c3\"> </span>776.8</span></span><span style=\"display:inherit;clear:left;\">Trade receivables and other receivables<span class=\"_ _95\"> </span><span class=\"ws0\">-<span class=\"_ _8e\"> </span>-<span class=\"_ _41\"> </span>289.0<span class=\"_ _41\"> </span>289.0</span></span><span style=\"display:inherit;clear:left;\">Derivatives<span class=\"_ _1a9\"> </span>10.0<span class=\"_ _e5\"> </span>1.8<span class=\"_ _8e\"> </span>-<span class=\"_ _2b9\"> </span>11.8</span><span style=\"display:inherit;clear:left;\">Cash and cash equivalents<span class=\"_ _349\"> </span><span class=\"ws0\">-<span class=\"_ _26\"> </span>-<span class=\"_ _2ae\"> </span>145.1<span class=\"_ _2ae\"> </span>145.1</span></span><span style=\"display:inherit;clear:left;\">Book value total<span class=\"_ _1cd\"> </span><span class=\"ws0\">10.0<span class=\"_ _10b\"> </span>778.6<span class=\"_ _30\"> </span>436.7<span class=\"_ _eb\"> </span>1,225.3</span></span><span style=\"display:inherit;clear:left;\">Fair value total<span class=\"_ _34a\"> </span><span class=\"ws0\">10.0<span class=\"_ _10b\"> </span>778.6<span class=\"_ _30\"> </span>436.7<span class=\"_ _eb\"> </span>1,225.3</span></span><span style=\"display:inherit;clear:left;\">Financial liabilities</span><span style=\"display:inherit;clear:left;\">Interest-bearing liabilities<span class=\"_ _34b\"> </span><span class=\"ws0\">-<span class=\"_ _26\"> </span>-<span class=\"_ _3a\"> </span>910.6<span class=\"_ _2c3\"> </span>910.6</span></span><span style=\"display:inherit;clear:left;\">Lease liabilities<span class=\"_ _34c\"> </span><span class=\"ws0\">-<span class=\"_ _26\"> </span>-<span class=\"_ _282\"> </span>1,115.0<span class=\"_ _47\"> </span>1,115.0</span></span><span style=\"display:inherit;clear:left;\">Derivatives<span class=\"_ _19f\"> </span>34.4<span class=\"_ _cf\"> </span>8.9<span class=\"_ _8e\"> </span>-<span class=\"_ _109\"> </span>43.4</span><span style=\"display:inherit;clear:left;\">Trade payables and other liabilities<span class=\"_ _16c\"> </span><span class=\"ws0\">-<span class=\"_ _8e\"> </span>-<span class=\"_ _51\"> </span>274.1<span class=\"_ _51\"> </span>274.1</span></span><span style=\"display:inherit;clear:left;\">Book value total<span class=\"_ _1ec\"> </span><span class=\"ws0\">34.4<span class=\"_ _4f\"> </span>8.9<span class=\"_ _57\"> </span>2,299.7<span class=\"_ _22a\"> </span>2,343.0</span></span><span style=\"display:inherit;clear:left;\">Fair value total<span class=\"_ _34d\"> </span><span class=\"ws0\">34.4<span class=\"_ _4f\"> </span>8.9<span class=\"_ _f7\"> </span>1,990.9<span class=\"_ _22a\"> </span>2,034.2</span></span><span style=\"display:inherit;clear:left;\">Hedge </span><span style=\"display:inherit;clear:left;\">Fair value </span><span style=\"display:inherit;clear:left;\">accounting </span><span style=\"display:inherit;clear:left;\">through profit </span><span style=\"display:inherit;clear:left;\">Amortised </span><span style=\"display:inherit;clear:left;\">EUR mill.</span><span style=\"display:inherit;clear:left;\">items</span><span style=\"display:inherit;clear:left;\">and loss</span><span style=\"display:inherit;clear:left;\">cost<span class=\"_ _14a\"> </span><span class=\"wse5\">Book value</span></span><span style=\"display:inherit;clear:left;\">31 Dec 2022</span><span style=\"display:inherit;clear:left;\">Financial assets</span><span style=\"display:inherit;clear:left;\">Receivables<span class=\"_ _54\"> </span>-<span class=\"_ _8e\"> </span>-<span class=\"_ _9b\"> </span>3.7<span class=\"_ _25b\"> </span>3.7</span><span style=\"display:inherit;clear:left;\">Other financial assets<span class=\"_ _348\"> </span><span class=\"ws0\">-<span class=\"_ _d4\"> </span>738.6<span class=\"_ _26\"> </span>-<span class=\"_ _d4\"> </span>738.6</span></span><span style=\"display:inherit;clear:left;\">Trade receivables and other receivables<span class=\"_ _95\"> </span><span class=\"ws0\">-<span class=\"_ _8e\"> </span>-<span class=\"_ _2d1\"> </span>256.9<span class=\"_ _2d1\"> </span>256.9</span></span><span style=\"display:inherit;clear:left;\">Derivatives<span class=\"_ _34e\"> </span>8.6<span class=\"_ _25\"> </span>14.9<span class=\"_ _26\"> </span>-<span class=\"_ _168\"> </span>23.5</span><span style=\"display:inherit;clear:left;\">Cash and cash equivalents<span class=\"_ _349\"> </span><span class=\"ws0\">-<span class=\"_ _26\"> </span>-<span class=\"_ _d4\"> </span>785.8<span class=\"_ _d4\"> </span>785.8</span></span><span style=\"display:inherit;clear:left;\">Book value total<span class=\"_ _34f\"> </span><span class=\"ws0\">8.6<span class=\"_ _10b\"> </span>753.5<span class=\"_ _f1\"> </span>1,046.3<span class=\"_ _232\"> </span>1,808.5</span></span><span style=\"display:inherit;clear:left;\">Fair value total<span class=\"_ _350\"> </span><span class=\"ws0\">8.6<span class=\"_ _10b\"> </span>753.5<span class=\"_ _f1\"> </span>1,046.3<span class=\"_ _232\"> </span>1,808.5</span></span><span style=\"display:inherit;clear:left;\">Financial liabilities</span><span style=\"display:inherit;clear:left;\">Interest-bearing liabilities<span class=\"_ _34b\"> </span><span class=\"ws0\">-<span class=\"_ _26\"> </span>-<span class=\"_ _10a\"> </span>1,298.5<span class=\"_ _2ea\"> </span>1,298.5</span></span><span style=\"display:inherit;clear:left;\">Lease liabilities<span class=\"_ _34c\"> </span><span class=\"ws0\">-<span class=\"_ _26\"> </span>-<span class=\"_ _fc\"> </span>1,330.7<span class=\"_ _fc\"> </span>1,330.7</span></span><span style=\"display:inherit;clear:left;\">Derivatives<span class=\"_ _49\"> </span>33.1<span class=\"_ _1e1\"> </span>3.5<span class=\"_ _8e\"> </span>-<span class=\"_ _168\"> </span>36.7</span><span style=\"display:inherit;clear:left;\">Trade payables and other liabilities<span class=\"_ _16c\"> </span><span class=\"ws0\">-<span class=\"_ _8e\"> </span>-<span class=\"_ _2c3\"> </span>234.7<span class=\"_ _2c3\"> </span>234.7</span></span><span style=\"display:inherit;clear:left;\">Book value total<span class=\"_ _f8\"> </span><span class=\"ws0\">33.1<span class=\"_ _4f\"> </span>3.5<span class=\"_ _59\"> </span>2,863.8<span class=\"_ _b5\"> </span>2,900.5</span></span><span style=\"display:inherit;clear:left;\">Fair value total<span class=\"_ _351\"> </span><span class=\"ws0\">33.1<span class=\"_ _cf\"> </span>3.5<span class=\"_ _59\"> </span>2,358.9<span class=\"_ _59\"> </span>2,395.6</span></span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _173\"> </span>31 Dec 2023<span class=\"_ _b9\"> </span>Level 1<span class=\"_ _e3\"> </span>Level 2</span><span style=\"display:inherit;clear:left;\">Assets</span><span style=\"display:inherit;clear:left;\">Financial assets at fair value</span><span style=\"display:inherit;clear:left;\">Securities held for trading<span class=\"_ _352\"> </span><span class=\"ws0\">776.8<span class=\"_ _eb\"> </span>723.4<span class=\"_ _42\"> </span>53.4</span></span><span style=\"display:inherit;clear:left;\">Derivatives</span><span style=\"display:inherit;clear:left;\">Currency derivatives<span class=\"_ _353\"> </span><span class=\"ws0\">2.3<span class=\"_ _2e1\"> </span>-<span class=\"_ _2cc\"> </span>2.3</span></span><span style=\"display:inherit;clear:left;\"> - of which in fair value hedge accounting<span class=\"_ _354\"> </span><span class=\"ws0\">0.1<span class=\"_ _2e1\"> </span>-<span class=\"_ _f3\"> </span>0.1</span></span><span style=\"display:inherit;clear:left;\"> - of which in cash flow hedge accounting<span class=\"_ _355\"> </span><span class=\"ws0\">2.0<span class=\"_ _2e1\"> </span>-<span class=\"_ _51\"> </span>2.0</span></span><span style=\"display:inherit;clear:left;\">Commodity derivatives<span class=\"_ _356\"> </span><span class=\"ws0\">9.5<span class=\"_ _2e1\"> </span>-<span class=\"_ _5e\"> </span>9.5</span></span><span style=\"display:inherit;clear:left;\"> - of which in cash flow hedge accounting<span class=\"_ _348\"> </span><span class=\"ws0\">7.9<span class=\"_ _22\"> </span>-<span class=\"_ _4b\"> </span>7.9</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _1f7\"> </span>788.7<span class=\"_ _57\"> </span>723.4<span class=\"_ _10d\"> </span>65.3</span><span style=\"display:inherit;clear:left;\">Liabilities</span><span style=\"display:inherit;clear:left;\">Financial liabilities at fair value</span><span style=\"display:inherit;clear:left;\">Derivatives</span><span style=\"display:inherit;clear:left;\">Currency and interest rate swaps and options<span class=\"_ _357\"> </span><span class=\"ws0\">8.9<span class=\"_ _2e1\"> </span>-<span class=\"_ _51\"> </span>8.9</span></span><span style=\"display:inherit;clear:left;\">Currency derivatives<span class=\"_ _353\"> </span><span class=\"ws0\">7.6<span class=\"_ _2e1\"> </span>-<span class=\"_ _2cc\"> </span>7.6</span></span><span style=\"display:inherit;clear:left;\"> - of which in fair value hedge accounting<span class=\"_ _358\"> </span><span class=\"ws0\">1.5<span class=\"_ _2e1\"> </span>-<span class=\"_ _108\"> </span>1.5</span></span><span style=\"display:inherit;clear:left;\"> - of which in cash flow hedge accounting<span class=\"_ _359\"> </span><span class=\"ws0\">6.1<span class=\"_ _2e1\"> </span>-<span class=\"_ _d2\"> </span>6.1</span></span><span style=\"display:inherit;clear:left;\">Commodity derivatives<span class=\"_ _20f\"> </span><span class=\"ws0\">26.8<span class=\"_ _2e1\"> </span>-<span class=\"_ _42\"> </span>26.8</span></span><span style=\"display:inherit;clear:left;\"> - of which in cash flow hedge accounting<span class=\"_ _35a\"> </span><span class=\"ws0\">26.8<span class=\"_ _2e1\"> </span>-<span class=\"_ _42\"> </span>26.8</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _301\"> </span>43.4<span class=\"_ _2e1\"> </span><span class=\"ff3\">-<span class=\"_ _fd\"> </span></span>43.4</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-1285-3": {
   "value": "<span style=\"display:inherit;clear:left;\">For the above financial assets and liabilities, subject to enforceable master netting arrangements or similar </span><span style=\"display:inherit;clear:left;\">arrangements, each agreement between the Group and the counterparty allows net settlement of the relevant </span><span style=\"display:inherit;clear:left;\">financial assets and liabilities when both parties choose to settle on a net basis. In the absence of such mutual </span><span style=\"display:inherit;clear:left;\">decision, financial assets and liabilities will be settled on a gross basis. However, each party of the master netting </span><span style=\"display:inherit;clear:left;\">agreement, or similar agreement, will have the option to settle on a net basis in the event of default of the other party. </span><span style=\"display:inherit;clear:left;\">Depending on the terms of each agreement, an event of default includes failure by a party to make a payment when </span><span style=\"display:inherit;clear:left;\">due, failure by a party to perform any obligation required by the agreement (other than payment), if such failure is </span><span style=\"display:inherit;clear:left;\">not remedied within periods of 30 to 60 days after notice of such failure is given to the party, or bankruptcy.</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Derivative assets gross amounts<span class=\"_ _29c\"> </span><span class=\"ws0\">11.8<span class=\"_ _47\"> </span>23.5</span></span><span style=\"display:inherit;clear:left;\">Amounts of financial assets presented in the balance sheet<span class=\"_ _81\"> </span><span class=\"ws0\">11.8<span class=\"_ _10d\"> </span>23.5</span></span><span style=\"display:inherit;clear:left;\">Enforceable master netting agreement<span class=\"_ _2ff\"> </span><span class=\"ws0\">-11.8<span class=\"_ _10c\"> </span>-21.2</span></span><span style=\"display:inherit;clear:left;\">Derivative assets net amount<span class=\"_ _35b\"> </span><span class=\"ws0\">0.0<span class=\"_ _56\"> </span>2.3</span></span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Derivative liabilities gross amounts<span class=\"_ _35c\"> </span><span class=\"ws0\">-43.4<span class=\"_ _10a\"> </span>-36.7</span></span><span style=\"display:inherit;clear:left;\">Amounts of financial liabilities presented in the balance sheet<span class=\"_ _de\"> </span><span class=\"ws0\">-43.4<span class=\"_ _149\"> </span>-36.7</span></span><span style=\"display:inherit;clear:left;\">Enforceable master netting agreement<span class=\"_ _35d\"> </span><span class=\"ws0\">11.8<span class=\"_ _2d1\"> </span>21.2</span></span><span style=\"display:inherit;clear:left;\">Derivative liabilities net amount<span class=\"_ _35e\"> </span><span class=\"ws0\">-31.5<span class=\"_ _10a\"> </span>-15.5</span></span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForOffsettingOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-1293-2": {
   "value": "<span style=\"display:inherit;clear:left;\">3.8 Derivatives</span><span style=\"display:inherit;clear:left;\">  Derivative contracts and hedge accounting</span><span style=\"display:inherit;clear:left;\">According to its risk management policy, Finnair Group uses foreign currency, interest rate and commodity derivatives to </span><span style=\"display:inherit;clear:left;\">reduce the exchange rate, interest rate and commodity risks which arise from the Group\u2019s balance sheet items, foreign </span><span style=\"display:inherit;clear:left;\">currency denominated purchase agreements, anticipated foreign currency denominated purchases and sales as well as </span><span style=\"display:inherit;clear:left;\">future jet fuel purchases. It is the Group\u2019s policy not to enter into derivative financial contracts for speculative purposes.</span><span style=\"display:inherit;clear:left;\">The derivatives are initially recognised as well as subsequently valued at fair value in each financial statement and </span><span style=\"display:inherit;clear:left;\">interim report. The fair values of the derivatives are based on the value at which the instrument could be exchanged </span><span style=\"display:inherit;clear:left;\">between knowledgeable, willing and independent parties, with no compulsion to sell or buy in the sales situation. The fair </span><span style=\"display:inherit;clear:left;\">values of derivatives are determined as follows:</span><span style=\"display:inherit;clear:left;\">The fair values of all derivatives are calculated using the exchange rates, interest rates, volatilities and commodity </span><span style=\"display:inherit;clear:left;\">price quotations on the closing date. The fair values of currency forward contracts are calculated as the present value </span><span style=\"display:inherit;clear:left;\">of future cash flows. The fair values of currency options are calculated using the Black-Scholes option pricing model. The </span><span style=\"display:inherit;clear:left;\">fair values of interest rate swap contracts are calculated as the present value of future cash flows. The fair values of cross-</span><span style=\"display:inherit;clear:left;\">currency interest rate swap contracts are calculated as the present value of future cash flows. The fair values of interest </span><span style=\"display:inherit;clear:left;\">rate options are calculated using generally accepted option valuation models. The fair values of commodity forward </span><span style=\"display:inherit;clear:left;\">contracts are calculated as the present value of future cash flows. The fair values of commodity options are calculated </span><span style=\"display:inherit;clear:left;\">using generally accepted option valuation models.</span><span style=\"display:inherit;clear:left;\">The Group uses credit valuation adjustment for cross-currency interest rate swaps as the maturities of these derivatives </span><span style=\"display:inherit;clear:left;\">are long. The credit valuation adjustment is not done for the rest of the derivatives as the maturities for these are short and </span><span style=\"display:inherit;clear:left;\">the impact would not be material. Credit risk management is described in more detail in note 3.5.</span><span style=\"display:inherit;clear:left;\">Gains and losses arising from changes in the fair value are presented in the financial statements according to the </span><span style=\"display:inherit;clear:left;\">original classification of the derivative. Gains and losses on derivatives qualifying for hedge accounting are recognised </span><span style=\"display:inherit;clear:left;\">in accordance with the nature of the risk being hedged. At inception, derivative contracts are designated as hedges of </span><span style=\"display:inherit;clear:left;\">future cash flows, hedges of the fair value of recognised assets or liabilities and binding purchase contracts (cash flow </span><span style=\"display:inherit;clear:left;\">hedges or fair value hedges) or as derivatives not meeting the hedge accounting criteria or to which hedge accounting </span><span style=\"display:inherit;clear:left;\">is not applied (economic hedges). Hedging of the fair value of net investments of foreign units or embedded derivatives </span><span style=\"display:inherit;clear:left;\">have not been used. </span><span style=\"display:inherit;clear:left;\">At the inception of hedge accounting, Finnair Group documents the economic relationship and the hedge ratio </span><span style=\"display:inherit;clear:left;\">between the hedged item and the hedging instrument, as well as the Group\u2019s risk management objectives and the </span><span style=\"display:inherit;clear:left;\">strategy for the inception of hedging. At the inception of hedging, and at least at the time of each financial statement, </span><span style=\"display:inherit;clear:left;\">the Group documents and assesses the effectiveness of hedge relationships by examining the past and prospective </span><span style=\"display:inherit;clear:left;\">capacity of the hedging instrument to offset changes in the fair value of the hedged item or changes in cash flows. The </span><span style=\"display:inherit;clear:left;\">values of derivatives in a hedging relationship are presented in the balance sheet item Short\u2013term financial asset and </span><span style=\"display:inherit;clear:left;\">liabilities.</span><span style=\"display:inherit;clear:left;\">Finnair Group implements the IFRS hedge accounting principles in the hedging of future cash flows (cash flow hedging). </span><span style=\"display:inherit;clear:left;\">The principles are applied to the price and foreign currency risk of jet fuel, the foreign currency risk of lease payments </span><span style=\"display:inherit;clear:left;\">and the foreign currency risk of highly probable future sales and costs denominated in foreign currencies. The IFRS fair </span><span style=\"display:inherit;clear:left;\">value hedge accounting principles are applied to the hedging of foreign exchange and interest rate risk of aircraft.</span><span style=\"display:inherit;clear:left;\">The change in the fair value of the effective portion of derivative instruments that have been designated and qualify </span><span style=\"display:inherit;clear:left;\">as cash flow hedges are recognised in comprehensive income and presented within equity in the fair value reserve, to </span><span style=\"display:inherit;clear:left;\">the extent that the requirements for the application of hedge accounting have been fulfilled and the hedge is effective. </span><span style=\"display:inherit;clear:left;\">The gains and losses, recognised in the fair value reserve, are transferred to the income statement in the period in which </span><span style=\"display:inherit;clear:left;\">the hedged item is recognised in the income statement. When a hedging instrument expires or is sold, terminated or </span><span style=\"display:inherit;clear:left;\">exercised, or the criteria for cash flow hedge accounting are no longer fulfilled, but the hedged forecast transaction </span><span style=\"display:inherit;clear:left;\">is still expected to occur, the cumulative gain or loss at that point remains in the hedge reserve and is recognised in </span><span style=\"display:inherit;clear:left;\">accordance with the above policy when the transaction occurs. If the underlying hedged transaction is no longer </span><span style=\"display:inherit;clear:left;\">expected to take place, the cumulative unrealised gain or loss recognised in the hedge reserve with respect to the </span><span style=\"display:inherit;clear:left;\">hedging instrument is recognised immediately in the consolidated income statement.</span><span style=\"display:inherit;clear:left;\">The effectiveness of hedging is tested on a quarterly basis. The effective portion of the hedges is recognised in the fair </span><span style=\"display:inherit;clear:left;\">value reserve of other comprehensive income, from which it is transferred to the income statement when the hedged </span><span style=\"display:inherit;clear:left;\">item is realised or, in terms of investments, as an acquisition cost adjustment.</span><span style=\"display:inherit;clear:left;\">Fair value hedging is implemented on firm orders of new aircraft, and in order to hedge the fixed interest rate bond. </span><span style=\"display:inherit;clear:left;\">The binding purchase agreements for new aircraft are treated as firm commitments under IFRS, and therefore, the fair </span><span style=\"display:inherit;clear:left;\">value changes of the hedged part arising from foreign currency movements are recognised in the balance sheet as an </span><span style=\"display:inherit;clear:left;\">asset item, and corresponding gains or losses recognised through profit and loss. Similarly, the fair value of instruments </span><span style=\"display:inherit;clear:left;\">hedging these purchases is presented in the balance sheet as a liability or receivable, and the change in fair value is </span><span style=\"display:inherit;clear:left;\">recognised in profit and loss. </span><span style=\"display:inherit;clear:left;\">The gain or loss related to the effective portion of the interest rate swap, which hedges the fixed interest rate bond, is </span><span style=\"display:inherit;clear:left;\">recognised as financial income or expenses in the income statement. The gain or loss related to the ineffective portion </span><span style=\"display:inherit;clear:left;\">is recognised within other operating income and expenses in the income statement. The change in the fair value </span><span style=\"display:inherit;clear:left;\">attributable to the interest rate risk of the hedged fixed interest rate loans is recognised in the financial expenses in the </span><span style=\"display:inherit;clear:left;\">income statement.</span><span style=\"display:inherit;clear:left;\">If the hedge no longer meets the criteria for hedge accounting, the adjustment to the carrying amount of a hedged </span><span style=\"display:inherit;clear:left;\">item, for which the effective interest method is used, is amortized to profit or loss over the period to maturity.</span><span style=\"display:inherit;clear:left;\">Finnair Group uses cross-currency interest rate swaps in the hedging of the interest rate and foreign exchange risks </span><span style=\"display:inherit;clear:left;\">of foreign currency denominated loans. Cross-currency interest rate swaps are excluded from hedge accounting, </span><span style=\"display:inherit;clear:left;\">and therefore the fair value changes are recognised in derivative assets and liabilities in the balance sheet, as well as </span><span style=\"display:inherit;clear:left;\">in the financial income and expenses in the income statement. The fair value changes of the loans are simultaneously </span><span style=\"display:inherit;clear:left;\">recognised in the financial income and expenses. Realised foreign exchange rate differences, as well as interest income </span><span style=\"display:inherit;clear:left;\">and expenses, are recognised in the financial income and expenses against the exchange rate differences and interest </span><span style=\"display:inherit;clear:left;\">income and expenses of the loan</span><span style=\"display:inherit;clear:left;\">Finnair Group uses jet fuel swaps (forward contracts) and options in the hedging of jet fuel price risk. Unrealised gains </span><span style=\"display:inherit;clear:left;\">and losses on derivatives hedging jet fuel, which are designated as cash flow hedges and fulfil the requirements of IFRS </span><span style=\"display:inherit;clear:left;\">hedge accounting, are recognised in the hedging reserve within other comprehensive income. Accrued derivative </span><span style=\"display:inherit;clear:left;\">gains and losses, recognised in shareholders\u2019 equity, are recognised as income or expense in the income statement </span><span style=\"display:inherit;clear:left;\">in the same financial period as the hedged item is recognised in the income statement. If a forecasted cash flow is no </span><span style=\"display:inherit;clear:left;\">longer expected to occur, and as a result the IFRS hedge accounting criteria are not fulfilled, the fair value changes </span><span style=\"display:inherit;clear:left;\">and the accrued gains and losses reported in shareholders\u2019 equity are transferred to the items affecting comparability </span><span style=\"display:inherit;clear:left;\">in the income statement. Changes in the fair value of jet fuel swaps and options excluded from hedge accounting are </span><span style=\"display:inherit;clear:left;\">recognised in fair value changes in derivatives in the income statement, while the realised result is presented in fuel costs. </span><span style=\"display:inherit;clear:left;\">For forward and option contracts, an economic relationship exists between the hedged item and the hedging </span><span style=\"display:inherit;clear:left;\">instrument as the hedging instrument and the hedged item are expected to move in opposite directions because of </span><span style=\"display:inherit;clear:left;\">the same underlying exposure. This is true for all hedge relationships except for the SING consumption hedged with </span><span style=\"display:inherit;clear:left;\">NWE hedges (as described in section 3.5). In that case, the underlying is different, but the underlying hedged item (SING) </span><span style=\"display:inherit;clear:left;\">and the hedge (NWE) have a historical correlation of 0.99. Therefore, it can be classified as a relationship where the </span><span style=\"display:inherit;clear:left;\">underlying and the hedge are economically closely related. Ineffectiveness on fuel derivatives can also arise from timing </span><span style=\"display:inherit;clear:left;\">differences on the notional amount between the hedged instrument and hedged item, significant changes in credit risk </span><span style=\"display:inherit;clear:left;\">of parties to the hedging relationship and changes in the total amount of the hedged item, for instance if the underlying </span><span style=\"display:inherit;clear:left;\">fuel consumption forecast is not accurate enough, that can result in overhedging. However, as Finnair usually hedges less </span><span style=\"display:inherit;clear:left;\">than 100% of its exposure, the risk of overhedging is insignificant. Finnair has established a hedge ratio of 1:1 for hedging </span><span style=\"display:inherit;clear:left;\">relationships.</span><span style=\"display:inherit;clear:left;\">Finnair uses forward contracts and options to hedge its exposure to foreign currency denominated cash flows. The </span><span style=\"display:inherit;clear:left;\">hedges of cash flows denominated in foreign currencies are treated as cash flow hedges in accounting, in accordance </span><span style=\"display:inherit;clear:left;\">with the hedge accounting principles of IFRS 9. Unrealised gains and losses on hedges of forecasted cash flows </span><span style=\"display:inherit;clear:left;\">qualifying for hedge accounting are recognised in the hedging reserve in OCI, while the change in the fair value of such </span><span style=\"display:inherit;clear:left;\">hedges not qualifying for hedge accounting is recognised in Fair value changes in derivatives and changes in exchange </span><span style=\"display:inherit;clear:left;\">rates of fleet overhauls in the income statement. The change in fair value recognised in the hedging reserve in equity is </span><span style=\"display:inherit;clear:left;\">transferred to the income statement when the hedged transaction is realised. Forward points are included in the hedging </span><span style=\"display:inherit;clear:left;\">instrument and in the hedge relationship. Potential sources of ineffectiveness include changes in the timing of the hedged </span><span style=\"display:inherit;clear:left;\">item, significant changes in the credit risk of parties to the hedging relationship and changes in the total amount of the </span><span style=\"display:inherit;clear:left;\">hedged item, for instance if the underlying cash flow forecast is not accurate enough, that can result in overhedging. </span><span style=\"display:inherit;clear:left;\">However, as Finnair usually hedges less than 100% of its exposure, the risk of overhedging is insignificant. Realised profit </span><span style=\"display:inherit;clear:left;\">or loss on derivatives hedging JPY-denominated operating cash flows is presented in revenue, realised profit or loss on </span><span style=\"display:inherit;clear:left;\">derivatives hedging a group of similar USD costs is proportionally recognised in corresponding expense lines, while profit </span><span style=\"display:inherit;clear:left;\">or loss on derivatives hedging cash flows denominated in other currencies is presented in Other expenses.</span><span style=\"display:inherit;clear:left;\">The hedge ratio is defined as the relationship between the quantity of the hedging instrument and the quantity of </span><span style=\"display:inherit;clear:left;\">the hedged item in terms of their relative weighting. With currency hedging, the hedge ratio is typically 1:1. For forward </span><span style=\"display:inherit;clear:left;\">and option contracts, an economic relationship exists between the hedged item and the hedging instrument as there </span><span style=\"display:inherit;clear:left;\">is an expectation that the value of the hedging instrument and the value of the hedged item would move in opposite </span><span style=\"display:inherit;clear:left;\">directions because of the common underlying exposure. </span><span style=\"display:inherit;clear:left;\">Changes in the fair value of interest rate derivatives not qualifying for hedge accounting are recognised in financial </span><span style=\"display:inherit;clear:left;\">income and expenses in the income statement. Changes in the fair value as well as realised gain or loss on forward </span><span style=\"display:inherit;clear:left;\">contracts used to hedge foreign currency denominated balance sheet items of Finnair Group are recognised in financial </span><span style=\"display:inherit;clear:left;\">expenses. Changes in the fair value and the realised result of hedges of assets held for sale are recognised in Items </span><span style=\"display:inherit;clear:left;\">affecting comparability. </span><span style=\"display:inherit;clear:left;\">Cost of hedging</span><span style=\"display:inherit;clear:left;\">At Finnair, the time value of an option is excluded from the designation of a financial instrument and accounted for as </span><span style=\"display:inherit;clear:left;\">a cost of hedging. Upon initial recognition, Finnair defers any paid premium in the cost of hedging reserve within other </span><span style=\"display:inherit;clear:left;\">comprehensive income. The fair value changes of the time value are recognised in the cost of hedging reserve within </span><span style=\"display:inherit;clear:left;\">other comprehensive income. The premium will be transferred to the consolidated income statement in the same period </span><span style=\"display:inherit;clear:left;\">that the underlying transaction affects the consolidated income statement for transaction-related hedges. As of 31 </span><span style=\"display:inherit;clear:left;\">December 2023, Finnair has deferred premiums only on transaction-related hedges.</span><span style=\"display:inherit;clear:left;\">Critical accounting estimates and sources of uncertainty</span><span style=\"display:inherit;clear:left;\">Finnair accounts for its cash flow hedges of forecasted foreign currency denominated purchases and sales and future </span><span style=\"display:inherit;clear:left;\">jet fuel purchases in accordance with the IFRS 9. Under the hedge accounting principles, a forecast transaction can be </span><span style=\"display:inherit;clear:left;\">designated as a hedged item only if that transaction is considered as highly probable. The evaluation of probability </span><span style=\"display:inherit;clear:left;\">is based on the management forecasts about the future level of Finnair\u2019s operations and cash flows. Such forecasts </span><span style=\"display:inherit;clear:left;\">require the use of management judgement and assumptions, which inherently contain some degree of uncertainty. </span><span style=\"display:inherit;clear:left;\">Should the expected circumstances or outcome change in the future, the management would need to reassess whether </span><span style=\"display:inherit;clear:left;\">a hedged forecast transaction is still highly likely to occur. This could be the case if, for example, the expected recovery </span><span style=\"display:inherit;clear:left;\">and thus the expected jet fuel consumption levels would not realize as expected. Should the forecast transaction no </span><span style=\"display:inherit;clear:left;\">longer be highly probable, it would no longer qualify as an eligible hedged item and hedge accounting would need to </span><span style=\"display:inherit;clear:left;\">be discontinued. Should it no longer be expected to occur at all, the balance of the cash flow hedge reserve included in </span><span style=\"display:inherit;clear:left;\">other comprehensive income would need to be reclassified to profit or loss.</span><span style=\"display:inherit;clear:left;\">* Positive (negative) fair value of hedging instruments as of 31.12.2023 is presented in the statement of financial position in the item </span><span style=\"display:inherit;clear:left;\">derivative financial instruments within current assets (derivative financial instruments within current liabilities). However, during the</span><span style=\"display:inherit;clear:left;\">year 2023 Finnair has resumed normal hedging operations.</span><span style=\"display:inherit;clear:left;\">2023<span class=\"_ _30f\"> </span>2022</span><span style=\"display:inherit;clear:left;\">Positive </span><span style=\"display:inherit;clear:left;\">Negative </span><span style=\"display:inherit;clear:left;\">Positive </span><span style=\"display:inherit;clear:left;\">Negative </span><span style=\"display:inherit;clear:left;\">Nominal </span><span style=\"display:inherit;clear:left;\">fair </span><span style=\"display:inherit;clear:left;\">fair </span><span style=\"display:inherit;clear:left;\">Fair net </span><span style=\"display:inherit;clear:left;\">Nominal </span><span style=\"display:inherit;clear:left;\">fair </span><span style=\"display:inherit;clear:left;\">fair </span><span style=\"display:inherit;clear:left;\">Fair net </span><span style=\"display:inherit;clear:left;\">EUR mill.</span><span style=\"display:inherit;clear:left;\">value</span><span style=\"display:inherit;clear:left;\">values</span><span style=\"display:inherit;clear:left;\">values</span><span style=\"display:inherit;clear:left;\">value</span><span style=\"display:inherit;clear:left;\">value</span><span style=\"display:inherit;clear:left;\">values</span><span style=\"display:inherit;clear:left;\">values</span><span style=\"display:inherit;clear:left;\">value</span><span style=\"display:inherit;clear:left;\">Currency derivatives</span><span style=\"display:inherit;clear:left;\">Jet fuel currency hedging</span><span style=\"display:inherit;clear:left;\">Operational cash flow hedging </span><span style=\"display:inherit;clear:left;\">(forward contracts)<span class=\"_ _360\"> </span><span class=\"ws0\">389.7<span class=\"_ _7d\"> </span>2.0<span class=\"_ _7b\"> </span>-5.5<span class=\"_ _106\"> </span>-3.5<span class=\"_ _32a\"> </span>284.7<span class=\"_ _d\"> </span>0.1<span class=\"_ _7c\"> </span>-7.4<span class=\"_ _26d\"> </span>-7.3</span></span><span style=\"display:inherit;clear:left;\">Operational cash flow hedging, </span><span style=\"display:inherit;clear:left;\">bought options<span class=\"_ _1e8\"> </span><span class=\"ws0\">53.3<span class=\"_ _26b\"> </span>0.0<span class=\"_ _e8\"> </span>-<span class=\"_ _26b\"> </span>0.0<span class=\"_ _c0\"> </span>-<span class=\"_ _129\"> </span>-<span class=\"_ _66\"> </span>-<span class=\"_ _129\"> </span>-</span></span><span style=\"display:inherit;clear:left;\">Operational cash flow hedging, sold </span><span style=\"display:inherit;clear:left;\">options<span class=\"_ _2c9\"> </span>48.9<span class=\"_ _129\"> </span>-<span class=\"_ _83\"> </span>-0.6<span class=\"_ _2b3\"> </span>-0.6<span class=\"_ _c0\"> </span>-<span class=\"_ _361\"> </span>-<span class=\"_ _e8\"> </span>-<span class=\"_ _b7\"> </span>-</span><span style=\"display:inherit;clear:left;\">Fair value hedging of aircraft </span><span style=\"display:inherit;clear:left;\">acquisitions<span class=\"_ _362\"> </span><span class=\"ff1\">158.9<span class=\"_ _78\"> </span>0.1<span class=\"_ _82\"> </span>-1.5<span class=\"_ _106\"> </span>-1.4<span class=\"_ _60\"> </span>183.7<span class=\"_ _b7\"> </span>-<span class=\"_ _7d\"> </span>-11.6<span class=\"_ _79\"> </span>-11.6</span></span><span style=\"display:inherit;clear:left;\">Hedge accounting items total<span class=\"_ _10c\"> </span><span class=\"ws0\">650.7<span class=\"_ _b3\"> </span>2.1<span class=\"_ _64\"> </span>-7.6<span class=\"_ _2b3\"> </span>-5.5<span class=\"_ _11d\"> </span>468.4<span class=\"_ _78\"> </span>0.1<span class=\"_ _106\"> </span>-19.0<span class=\"_ _122\"> </span>-18.9</span></span><span style=\"display:inherit;clear:left;\">Balance sheet hedging (forward </span><span style=\"display:inherit;clear:left;\">contracts)<span class=\"_ _23d\"> </span>321.8<span class=\"_ _7d\"> </span>0.2<span class=\"_ _155\"> </span>-0.1<span class=\"_ _73\"> </span>0.2<span class=\"_ _137\"> </span>337.7<span class=\"_ _71\"> </span>0.4<span class=\"_ _80\"> </span>-0.7<span class=\"_ _2b8\"> </span>-0.3</span><span style=\"display:inherit;clear:left;\">Items outside hedge accounting </span><span style=\"display:inherit;clear:left;\">total<span class=\"_ _17c\"> </span>321.8<span class=\"_ _bb\"> </span>0.2<span class=\"_ _7b\"> </span>-0.1<span class=\"_ _26b\"> </span>0.2<span class=\"_ _122\"> </span>337.7<span class=\"_ _18f\"> </span>0.4<span class=\"_ _100\"> </span>-0.7<span class=\"_ _61\"> </span>-0.3</span><span style=\"display:inherit;clear:left;\">Currency derivatives total<span class=\"_ _b0\"> </span><span class=\"ws0\">972.6<span class=\"_ _71\"> </span>2.3<span class=\"_ _64\"> </span>-7.6<span class=\"_ _2b3\"> </span>-5.3<span class=\"_ _14a\"> </span>806.1<span class=\"_ _26b\"> </span>0.5<span class=\"_ _26d\"> </span>-19.8<span class=\"_ _bd\"> </span>-19.3</span></span><span style=\"display:inherit;clear:left;\">Commodity derivatives</span><span style=\"display:inherit;clear:left;\">Jet fuel forward contracts, tonnes<span class=\"_ _80\"> </span><span class=\"ws0\">422,000<span class=\"_ _78\"> </span>5.3<span class=\"_ _26b\"> </span>-14.9<span class=\"_ _2b8\"> </span>-9.6<span class=\"_ _211\"> </span>209,000<span class=\"_ _78\"> </span>3.4<span class=\"_ _83\"> </span>-6.0<span class=\"_ _106\"> </span>-2.5</span></span><span style=\"display:inherit;clear:left;\">Bought options, jet fuel, tonnes<span class=\"_ _20d\"> </span><span class=\"ws0\">255,000<span class=\"_ _78\"> </span>2.6<span class=\"_ _e8\"> </span>-<span class=\"_ _73\"> </span>2.6<span class=\"_ _7e\"> </span>149,000<span class=\"_ _71\"> </span>4.9<span class=\"_ _80\"> </span>-0.2<span class=\"_ _7d\"> </span>4.8</span></span><span style=\"display:inherit;clear:left;\">Sold options, jet fuel, tonnes<span class=\"_ _d4\"> </span><span class=\"ws0\">255,000<span class=\"_ _361\"> </span>-<span class=\"_ _26e\"> </span>-12.0<span class=\"_ _18\"> </span>-12.0<span class=\"_ _363\"> </span>149,000<span class=\"_ _7d\"> </span>0.2<span class=\"_ _65\"> </span>-7.9<span class=\"_ _26d\"> </span>-7.8</span></span><span style=\"display:inherit;clear:left;\">Hedge accounting items total<span class=\"_ _13f\"> </span><span class=\"ws0\">-<span class=\"_ _7d\"> </span>7.9<span class=\"_ _2b3\"> </span>-26.8<span class=\"_ _14a\"> </span>-18.9<span class=\"_ _c0\"> </span>-<span class=\"_ _26b\"> </span>8.6<span class=\"_ _71\"> </span>-14.1<span class=\"_ _32b\"> </span>-5.6</span></span><span style=\"display:inherit;clear:left;\">Bought options, jet fuel, tonnes<span class=\"_ _59\"> </span><span class=\"ws0\">187,000<span class=\"_ _83\"> </span>1.6<span class=\"_ _e8\"> </span>-<span class=\"_ _83\"> </span>1.6<span class=\"_ _363\"> </span>149,000<span class=\"_ _71\"> </span>0.9<span class=\"_ _e8\"> </span>-<span class=\"_ _71\"> </span>0.9</span></span><span style=\"display:inherit;clear:left;\">Items outside hedge accounting </span><span style=\"display:inherit;clear:left;\">total<span class=\"_ _364\"> </span>-<span class=\"_ _b3\"> </span>1.6<span class=\"_ _66\"> </span>-<span class=\"_ _b3\"> </span>1.6<span class=\"_ _c0\"> </span>-<span class=\"_ _18f\"> </span>0.9<span class=\"_ _66\"> </span>-<span class=\"_ _bb\"> </span>0.9</span><span style=\"display:inherit;clear:left;\">Commodity derivatives total<span class=\"_ _97\"> </span><span class=\"ws0\">-<span class=\"_ _26b\"> </span>9.5<span class=\"_ _2b3\"> </span>-26.8<span class=\"_ _bd\"> </span>-17.4<span class=\"_ _fa\"> </span>-<span class=\"_ _71\"> </span>9.5<span class=\"_ _71\"> </span>-14.1<span class=\"_ _26f\"> </span>-4.6</span></span><span style=\"display:inherit;clear:left;\">Cross currency interest rate swaps<span class=\"_ _77\"> </span><span class=\"ws0\">310.4<span class=\"_ _b7\"> </span>-<span class=\"_ _151\"> </span>-8.9<span class=\"_ _2b8\"> </span>-8.9<span class=\"_ _be\"> </span>253.1<span class=\"_ _70\"> </span>13.5<span class=\"_ _7b\"> </span>-2.8<span class=\"_ _70\"> </span>10.7</span></span><span style=\"display:inherit;clear:left;\">Items outside hedge accounting </span><span style=\"display:inherit;clear:left;\">total<span class=\"_ _365\"> </span>310.4<span class=\"_ _b7\"> </span>-<span class=\"_ _100\"> </span>-8.9<span class=\"_ _61\"> </span>-8.9<span class=\"_ _60\"> </span>253.1<span class=\"_ _61\"> </span>13.5<span class=\"_ _83\"> </span>-2.8<span class=\"_ _61\"> </span>10.7</span><span style=\"display:inherit;clear:left;\">Interest rate derivatives total<span class=\"_ _41\"> </span><span class=\"ws0\">310.4<span class=\"_ _68\"> </span>-<span class=\"_ _100\"> </span>-8.9<span class=\"_ _32b\"> </span>-8.9<span class=\"_ _32a\"> </span>253.1<span class=\"_ _32b\"> </span>13.5<span class=\"_ _83\"> </span>-2.8<span class=\"_ _26f\"> </span>10.7</span></span><span style=\"display:inherit;clear:left;\">Derivatives total *<span class=\"_ _366\"> </span><span class=\"ws0\">-<span class=\"_ _106\"> </span>11.8<span class=\"_ _2b3\"> </span>-43.3<span class=\"_ _bd\"> </span>-31.5<span class=\"_ _fa\"> </span>-<span class=\"_ _367\"> </span>23.5<span class=\"_ _2b8\"> </span>-36.7<span class=\"_ _bd\"> </span>-13.2</span></span><span style=\"display:inherit;clear:left;\">Hedged items in hedge relationships</span><span style=\"display:inherit;clear:left;\">Ratings of derivative counterparties</span><span style=\"display:inherit;clear:left;\">Derivatives realised through profit and loss</span><span style=\"display:inherit;clear:left;\">Changes in </span><span style=\"display:inherit;clear:left;\">Changes in </span><span style=\"display:inherit;clear:left;\">fair value of </span><span style=\"display:inherit;clear:left;\">Line item </span><span style=\"display:inherit;clear:left;\">fair value of </span><span style=\"display:inherit;clear:left;\">the hedging </span><span style=\"display:inherit;clear:left;\">in the </span><span style=\"display:inherit;clear:left;\">the hedged </span><span style=\"display:inherit;clear:left;\">instrument </span><span style=\"display:inherit;clear:left;\">Accumulated </span><span style=\"display:inherit;clear:left;\">statement </span><span style=\"display:inherit;clear:left;\">item used for </span><span style=\"display:inherit;clear:left;\">used for </span><span style=\"display:inherit;clear:left;\">amount of fair value </span><span style=\"display:inherit;clear:left;\">of financial </span><span style=\"display:inherit;clear:left;\">calculating </span><span style=\"display:inherit;clear:left;\">calculating </span><span style=\"display:inherit;clear:left;\">hedge adjustments </span><span style=\"display:inherit;clear:left;\">position in </span><span style=\"display:inherit;clear:left;\">hedge inef-</span><span style=\"display:inherit;clear:left;\">hedge inef-</span><span style=\"display:inherit;clear:left;\">included in the </span><span style=\"display:inherit;clear:left;\">which the </span><span style=\"display:inherit;clear:left;\">fectiveness, </span><span style=\"display:inherit;clear:left;\">fectiveness, </span><span style=\"display:inherit;clear:left;\">Carrying amount of </span><span style=\"display:inherit;clear:left;\">carrying amount of </span><span style=\"display:inherit;clear:left;\">hedged item </span><span style=\"display:inherit;clear:left;\">previous <span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">previous <span class=\"_ _0\"></span> </span><span style=\"display:inherit;clear:left;\">the hedged item</span><span style=\"display:inherit;clear:left;\">the hedged item</span><span style=\"display:inherit;clear:left;\">is included</span><span style=\"display:inherit;clear:left;\">12 months</span><span style=\"display:inherit;clear:left;\">12 months</span><span style=\"display:inherit;clear:left;\">31 December 2023<span class=\"_ _e8\"> </span><span class=\"ws0\">Assets<span class=\"_ _368\"> </span>Liabilities<span class=\"_ _32c\"> </span>Assets<span class=\"_ _26a\"> </span>Liabilities</span></span><span style=\"display:inherit;clear:left;\">Cash flow hedges</span><span style=\"display:inherit;clear:left;\">Jet fuel price risk</span><span style=\"display:inherit;clear:left;\">- Forecasted jet fuel </span><span style=\"display:inherit;clear:left;\">purchases<span class=\"_ _2b4\"> </span>-<span class=\"_ _59\"> </span>-<span class=\"_ _58\"> </span>-<span class=\"_ _59\"> </span>-<span class=\"_ _38\"> </span>-<span class=\"_ _b5\"> </span>145.6<span class=\"_ _fd\"> </span>-9.7</span><span style=\"display:inherit;clear:left;\">Foreign exchange risk</span><span style=\"display:inherit;clear:left;\">- Forecasted sales </span><span style=\"display:inherit;clear:left;\">and purchases, USD<span class=\"_ _fd\"> </span><span class=\"ws0\">-<span class=\"_ _58\"> </span>-<span class=\"_ _59\"> </span>-<span class=\"_ _58\"> </span>-<span class=\"_ _1d3\"> </span>-<span class=\"_ _149\"> </span>24.6<span class=\"_ _10a\"> </span>-0.9</span></span><span style=\"display:inherit;clear:left;\">- Forecasted sales </span><span style=\"display:inherit;clear:left;\">and purchases, JPY<span class=\"_ _10b\"> </span><span class=\"ws0\">-<span class=\"_ _58\"> </span>-<span class=\"_ _59\"> </span>-<span class=\"_ _58\"> </span>-<span class=\"_ _1d3\"> </span>-<span class=\"_ _2ec\"> </span>-8.4<span class=\"_ _41\"> </span>2.3</span></span><span style=\"display:inherit;clear:left;\">Fair value hedges</span><span style=\"display:inherit;clear:left;\">Foreign exchange risk</span><span style=\"display:inherit;clear:left;\">Non-current </span><span style=\"display:inherit;clear:left;\">- Aircraft acquisitions<span class=\"_ _3c\"> </span><span class=\"ws0\">1.4<span class=\"_ _153\"> </span>1.4</span></span><span style=\"display:inherit;clear:left;\">assets<span class=\"_ _41\"> </span>11.1<span class=\"_ _fc\"> </span>-3.0</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Better than A<span class=\"_ _2fb\"> </span><span class=\"ws0\">-3.9<span class=\"_ _5e\"> </span>0.7</span></span><span style=\"display:inherit;clear:left;\">A<span class=\"_ _369\"> </span>-20.9<span class=\"_ _47\"> </span>-11.9</span><span style=\"display:inherit;clear:left;\">BBB<span class=\"_ _27e\"> </span>-6.7<span class=\"_ _41\"> </span>-2.0</span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _2a0\"> </span>-31.5<span class=\"_ _fc\"> </span>-13.2</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Jet fuel hedging<span class=\"_ _314\"> </span>Fuel costs<span class=\"_ _2c9\"> </span><span class=\"ws0\">0.6<span class=\"_ _2d1\"> </span>21.3</span></span><span style=\"display:inherit;clear:left;\">Operational cash flow hedging<span class=\"_ _167\"> </span>Fuel costs<span class=\"_ _36a\"> </span><span class=\"ws0\">-7.2<span class=\"_ _51\"> </span>8.4</span></span><span style=\"display:inherit;clear:left;\">Operational cash flow hedging<span class=\"_ _167\"> </span>Aircraft materials and overhaul<span class=\"_ _41\"> </span><span class=\"ws0\">-0.8<span class=\"_ _56\"> </span>0.4</span></span><span style=\"display:inherit;clear:left;\">Operational cash flow hedging<span class=\"_ _167\"> </span>Traffic charges<span class=\"_ _2f9\"> </span><span class=\"ws0\">-0.2<span class=\"_ _1cf\"> </span>0.5</span></span><span style=\"display:inherit;clear:left;\">Operational cash flow hedging<span class=\"_ _167\"> </span><span class=\"ws0\">Revenue<span class=\"_ _2f7\"> </span>4.2<span class=\"_ _1cf\"> </span>0.3</span></span><span style=\"display:inherit;clear:left;\">Expenses of hedge accounting items total<span class=\"_ _227\"> </span><span class=\"ws0\">-3.3<span class=\"_ _47\"> </span>31.0</span></span><span style=\"display:inherit;clear:left;\">Jet fuel hedging<span class=\"_ _314\"> </span>Fuel costs<span class=\"_ _260\"> </span><span class=\"ws0\">-6.1<span class=\"_ _2d1\"> </span>-3.2</span></span><span style=\"display:inherit;clear:left;\">Balance sheet hedging<span class=\"_ _263\"> </span>Financial expenses<span class=\"_ _36b\"> </span><span class=\"ws0\">-8.4<span class=\"_ _30\"> </span>16.6</span></span><span style=\"display:inherit;clear:left;\">Cross-currency interest rate swaps<span class=\"_ _44\"> </span>Financial expenses<span class=\"_ _36c\"> </span><span class=\"ws0\">3.7<span class=\"_ _5e\"> </span>5.5</span></span><span style=\"display:inherit;clear:left;\">Expenses of items outside <span class=\"ws0\"> </span></span><span style=\"display:inherit;clear:left;\">hedge accounting total<span class=\"_ _36d\"> </span><span class=\"ws0\">-10.8<span class=\"_ _47\"> </span>18.9</span></span><span style=\"display:inherit;clear:left;\">Maturity dates of fair values recognised in the hedging reserve</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _374\"> </span><span class=\"ws0\">2024<span class=\"_ _122\"> </span>2025<span class=\"_ _14a\"> </span>2026<span class=\"_ _32a\"> </span>2027<span class=\"_ _14a\"> </span>2028<span class=\"_ _32e\"> </span>Later<span class=\"_ _128\"> </span>Total</span></span><span style=\"display:inherit;clear:left;\">Jet fuel price hedging<span class=\"_ _375\"> </span><span class=\"ws0\">-11.7<span class=\"_ _7c\"> </span>-1.5<span class=\"_ _66\"> </span>-<span class=\"_ _66\"> </span>-<span class=\"_ _66\"> </span>-<span class=\"_ _66\"> </span>-<span class=\"_ _18f\"> </span>-13.2</span></span><span style=\"display:inherit;clear:left;\">Operating cash flow hedging<span class=\"_ _a8\"> </span><span class=\"ws0\">-3.5<span class=\"_ _66\"> </span>-<span class=\"_ _66\"> </span>-<span class=\"_ _66\"> </span>-<span class=\"_ _66\"> </span>-<span class=\"_ _66\"> </span>-<span class=\"_ _83\"> </span>-3.5</span></span><span style=\"display:inherit;clear:left;\">Hedging of interest related to future </span><span style=\"display:inherit;clear:left;\">lease payments<span class=\"_ _2d3\"> </span><span class=\"ws0\">-0.7<span class=\"_ _100\"> </span>-0.7<span class=\"_ _100\"> </span>-0.7<span class=\"_ _100\"> </span>-0.7<span class=\"_ _82\"> </span>0.0<span class=\"_ _189\"> </span>-<span class=\"_ _100\"> </span>-2.8</span></span><span style=\"display:inherit;clear:left;\">The actuarial gains and losses of </span><span style=\"display:inherit;clear:left;\">defined benefit plan<span class=\"_ _373\"> </span><span class=\"ws0\">82.0<span class=\"_ _66\"> </span>-<span class=\"_ _66\"> </span>-<span class=\"_ _66\"> </span>-<span class=\"_ _66\"> </span>-<span class=\"_ _66\"> </span>-<span class=\"_ _bb\"> </span>82.0</span></span><span style=\"display:inherit;clear:left;\">Cost of hedging reserve<span class=\"_ _1e5\"> </span><span class=\"ws0\">-1.7<span class=\"_ _66\"> </span>-<span class=\"_ _66\"> </span>-<span class=\"_ _66\"> </span>-<span class=\"_ _66\"> </span>-<span class=\"_ _66\"> </span>-<span class=\"_ _155\"> </span>-1.7</span></span><span style=\"display:inherit;clear:left;\">Tax effect<span class=\"_ _376\"> </span><span class=\"ws0\">-12.9<span class=\"_ _23\"> </span>0.5<span class=\"_ _e3\"> </span>0.1<span class=\"_ _103\"> </span>0.1<span class=\"_ _377\"> </span>0.0<span class=\"_ _66\"> </span>-<span class=\"_ _18f\"> </span>-12.2</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _378\"> </span>51.5<span class=\"_ _64\"> </span>-1.8<span class=\"_ _7d\"> </span>-0.6<span class=\"_ _7d\"> </span>-0.6<span class=\"_ _7b\"> </span>0.0<span class=\"_ _189\"> </span>-<span class=\"_ _26d\"> </span>48.6</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDerivativeFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-1293-3": {
   "value": "<span style=\"display:inherit;clear:left;\">3.8 Derivatives</span><span style=\"display:inherit;clear:left;\">  Derivative contracts and hedge accounting</span><span style=\"display:inherit;clear:left;\">According to its risk management policy, Finnair Group uses foreign currency, interest rate and commodity derivatives to </span><span style=\"display:inherit;clear:left;\">reduce the exchange rate, interest rate and commodity risks which arise from the Group\u2019s balance sheet items, foreign </span><span style=\"display:inherit;clear:left;\">currency denominated purchase agreements, anticipated foreign currency denominated purchases and sales as well as </span><span style=\"display:inherit;clear:left;\">future jet fuel purchases. It is the Group\u2019s policy not to enter into derivative financial contracts for speculative purposes.</span><span style=\"display:inherit;clear:left;\">The derivatives are initially recognised as well as subsequently valued at fair value in each financial statement and </span><span style=\"display:inherit;clear:left;\">interim report. The fair values of the derivatives are based on the value at which the instrument could be exchanged </span><span style=\"display:inherit;clear:left;\">between knowledgeable, willing and independent parties, with no compulsion to sell or buy in the sales situation. The fair </span><span style=\"display:inherit;clear:left;\">values of derivatives are determined as follows:</span><span style=\"display:inherit;clear:left;\">The fair values of all derivatives are calculated using the exchange rates, interest rates, volatilities and commodity </span><span style=\"display:inherit;clear:left;\">price quotations on the closing date. The fair values of currency forward contracts are calculated as the present value </span><span style=\"display:inherit;clear:left;\">of future cash flows. The fair values of currency options are calculated using the Black-Scholes option pricing model. The </span><span style=\"display:inherit;clear:left;\">fair values of interest rate swap contracts are calculated as the present value of future cash flows. The fair values of cross-</span><span style=\"display:inherit;clear:left;\">currency interest rate swap contracts are calculated as the present value of future cash flows. The fair values of interest </span><span style=\"display:inherit;clear:left;\">rate options are calculated using generally accepted option valuation models. The fair values of commodity forward </span><span style=\"display:inherit;clear:left;\">contracts are calculated as the present value of future cash flows. The fair values of commodity options are calculated </span><span style=\"display:inherit;clear:left;\">using generally accepted option valuation models.</span><span style=\"display:inherit;clear:left;\">The Group uses credit valuation adjustment for cross-currency interest rate swaps as the maturities of these derivatives </span><span style=\"display:inherit;clear:left;\">are long. The credit valuation adjustment is not done for the rest of the derivatives as the maturities for these are short and </span><span style=\"display:inherit;clear:left;\">the impact would not be material. Credit risk management is described in more detail in note 3.5.</span><span style=\"display:inherit;clear:left;\">Gains and losses arising from changes in the fair value are presented in the financial statements according to the </span><span style=\"display:inherit;clear:left;\">original classification of the derivative. Gains and losses on derivatives qualifying for hedge accounting are recognised </span><span style=\"display:inherit;clear:left;\">in accordance with the nature of the risk being hedged. At inception, derivative contracts are designated as hedges of </span><span style=\"display:inherit;clear:left;\">future cash flows, hedges of the fair value of recognised assets or liabilities and binding purchase contracts (cash flow </span><span style=\"display:inherit;clear:left;\">hedges or fair value hedges) or as derivatives not meeting the hedge accounting criteria or to which hedge accounting </span><span style=\"display:inherit;clear:left;\">is not applied (economic hedges). Hedging of the fair value of net investments of foreign units or embedded derivatives </span><span style=\"display:inherit;clear:left;\">have not been used. </span><span style=\"display:inherit;clear:left;\">At the inception of hedge accounting, Finnair Group documents the economic relationship and the hedge ratio </span><span style=\"display:inherit;clear:left;\">between the hedged item and the hedging instrument, as well as the Group\u2019s risk management objectives and the </span><span style=\"display:inherit;clear:left;\">strategy for the inception of hedging. At the inception of hedging, and at least at the time of each financial statement, </span><span style=\"display:inherit;clear:left;\">the Group documents and assesses the effectiveness of hedge relationships by examining the past and prospective </span><span style=\"display:inherit;clear:left;\">capacity of the hedging instrument to offset changes in the fair value of the hedged item or changes in cash flows. The </span><span style=\"display:inherit;clear:left;\">values of derivatives in a hedging relationship are presented in the balance sheet item Short\u2013term financial asset and </span><span style=\"display:inherit;clear:left;\">liabilities.</span><span style=\"display:inherit;clear:left;\">Finnair Group implements the IFRS hedge accounting principles in the hedging of future cash flows (cash flow hedging). </span><span style=\"display:inherit;clear:left;\">The principles are applied to the price and foreign currency risk of jet fuel, the foreign currency risk of lease payments </span><span style=\"display:inherit;clear:left;\">and the foreign currency risk of highly probable future sales and costs denominated in foreign currencies. The IFRS fair </span><span style=\"display:inherit;clear:left;\">value hedge accounting principles are applied to the hedging of foreign exchange and interest rate risk of aircraft.</span><span style=\"display:inherit;clear:left;\">The change in the fair value of the effective portion of derivative instruments that have been designated and qualify </span><span style=\"display:inherit;clear:left;\">as cash flow hedges are recognised in comprehensive income and presented within equity in the fair value reserve, to </span><span style=\"display:inherit;clear:left;\">the extent that the requirements for the application of hedge accounting have been fulfilled and the hedge is effective. </span><span style=\"display:inherit;clear:left;\">The gains and losses, recognised in the fair value reserve, are transferred to the income statement in the period in which </span><span style=\"display:inherit;clear:left;\">the hedged item is recognised in the income statement. When a hedging instrument expires or is sold, terminated or </span><span style=\"display:inherit;clear:left;\">exercised, or the criteria for cash flow hedge accounting are no longer fulfilled, but the hedged forecast transaction </span><span style=\"display:inherit;clear:left;\">is still expected to occur, the cumulative gain or loss at that point remains in the hedge reserve and is recognised in </span><span style=\"display:inherit;clear:left;\">accordance with the above policy when the transaction occurs. If the underlying hedged transaction is no longer </span><span style=\"display:inherit;clear:left;\">expected to take place, the cumulative unrealised gain or loss recognised in the hedge reserve with respect to the </span><span style=\"display:inherit;clear:left;\">hedging instrument is recognised immediately in the consolidated income statement.</span><span style=\"display:inherit;clear:left;\">The effectiveness of hedging is tested on a quarterly basis. The effective portion of the hedges is recognised in the fair </span><span style=\"display:inherit;clear:left;\">value reserve of other comprehensive income, from which it is transferred to the income statement when the hedged </span><span style=\"display:inherit;clear:left;\">item is realised or, in terms of investments, as an acquisition cost adjustment.</span><span style=\"display:inherit;clear:left;\">Fair value hedging is implemented on firm orders of new aircraft, and in order to hedge the fixed interest rate bond. </span><span style=\"display:inherit;clear:left;\">The binding purchase agreements for new aircraft are treated as firm commitments under IFRS, and therefore, the fair </span><span style=\"display:inherit;clear:left;\">value changes of the hedged part arising from foreign currency movements are recognised in the balance sheet as an </span><span style=\"display:inherit;clear:left;\">asset item, and corresponding gains or losses recognised through profit and loss. Similarly, the fair value of instruments </span><span style=\"display:inherit;clear:left;\">hedging these purchases is presented in the balance sheet as a liability or receivable, and the change in fair value is </span><span style=\"display:inherit;clear:left;\">recognised in profit and loss. </span><span style=\"display:inherit;clear:left;\">The gain or loss related to the effective portion of the interest rate swap, which hedges the fixed interest rate bond, is </span><span style=\"display:inherit;clear:left;\">recognised as financial income or expenses in the income statement. The gain or loss related to the ineffective portion </span><span style=\"display:inherit;clear:left;\">is recognised within other operating income and expenses in the income statement. The change in the fair value </span><span style=\"display:inherit;clear:left;\">attributable to the interest rate risk of the hedged fixed interest rate loans is recognised in the financial expenses in the </span><span style=\"display:inherit;clear:left;\">income statement.</span><span style=\"display:inherit;clear:left;\">If the hedge no longer meets the criteria for hedge accounting, the adjustment to the carrying amount of a hedged </span><span style=\"display:inherit;clear:left;\">item, for which the effective interest method is used, is amortized to profit or loss over the period to maturity.</span><span style=\"display:inherit;clear:left;\">Finnair Group uses cross-currency interest rate swaps in the hedging of the interest rate and foreign exchange risks </span><span style=\"display:inherit;clear:left;\">of foreign currency denominated loans. Cross-currency interest rate swaps are excluded from hedge accounting, </span><span style=\"display:inherit;clear:left;\">and therefore the fair value changes are recognised in derivative assets and liabilities in the balance sheet, as well as </span><span style=\"display:inherit;clear:left;\">in the financial income and expenses in the income statement. The fair value changes of the loans are simultaneously </span><span style=\"display:inherit;clear:left;\">recognised in the financial income and expenses. Realised foreign exchange rate differences, as well as interest income </span><span style=\"display:inherit;clear:left;\">and expenses, are recognised in the financial income and expenses against the exchange rate differences and interest </span><span style=\"display:inherit;clear:left;\">income and expenses of the loan</span><span style=\"display:inherit;clear:left;\">Finnair Group uses jet fuel swaps (forward contracts) and options in the hedging of jet fuel price risk. Unrealised gains </span><span style=\"display:inherit;clear:left;\">and losses on derivatives hedging jet fuel, which are designated as cash flow hedges and fulfil the requirements of IFRS </span><span style=\"display:inherit;clear:left;\">hedge accounting, are recognised in the hedging reserve within other comprehensive income. Accrued derivative </span><span style=\"display:inherit;clear:left;\">gains and losses, recognised in shareholders\u2019 equity, are recognised as income or expense in the income statement </span><span style=\"display:inherit;clear:left;\">in the same financial period as the hedged item is recognised in the income statement. If a forecasted cash flow is no </span><span style=\"display:inherit;clear:left;\">longer expected to occur, and as a result the IFRS hedge accounting criteria are not fulfilled, the fair value changes </span><span style=\"display:inherit;clear:left;\">and the accrued gains and losses reported in shareholders\u2019 equity are transferred to the items affecting comparability </span><span style=\"display:inherit;clear:left;\">in the income statement. Changes in the fair value of jet fuel swaps and options excluded from hedge accounting are </span><span style=\"display:inherit;clear:left;\">recognised in fair value changes in derivatives in the income statement, while the realised result is presented in fuel costs. </span><span style=\"display:inherit;clear:left;\">For forward and option contracts, an economic relationship exists between the hedged item and the hedging </span><span style=\"display:inherit;clear:left;\">instrument as the hedging instrument and the hedged item are expected to move in opposite directions because of </span><span style=\"display:inherit;clear:left;\">the same underlying exposure. This is true for all hedge relationships except for the SING consumption hedged with </span><span style=\"display:inherit;clear:left;\">NWE hedges (as described in section 3.5). In that case, the underlying is different, but the underlying hedged item (SING) </span><span style=\"display:inherit;clear:left;\">and the hedge (NWE) have a historical correlation of 0.99. Therefore, it can be classified as a relationship where the </span><span style=\"display:inherit;clear:left;\">underlying and the hedge are economically closely related. Ineffectiveness on fuel derivatives can also arise from timing </span><span style=\"display:inherit;clear:left;\">differences on the notional amount between the hedged instrument and hedged item, significant changes in credit risk </span><span style=\"display:inherit;clear:left;\">of parties to the hedging relationship and changes in the total amount of the hedged item, for instance if the underlying </span><span style=\"display:inherit;clear:left;\">fuel consumption forecast is not accurate enough, that can result in overhedging. However, as Finnair usually hedges less </span><span style=\"display:inherit;clear:left;\">than 100% of its exposure, the risk of overhedging is insignificant. Finnair has established a hedge ratio of 1:1 for hedging </span><span style=\"display:inherit;clear:left;\">relationships.</span><span style=\"display:inherit;clear:left;\">Finnair uses forward contracts and options to hedge its exposure to foreign currency denominated cash flows. The </span><span style=\"display:inherit;clear:left;\">hedges of cash flows denominated in foreign currencies are treated as cash flow hedges in accounting, in accordance </span><span style=\"display:inherit;clear:left;\">with the hedge accounting principles of IFRS 9. Unrealised gains and losses on hedges of forecasted cash flows </span><span style=\"display:inherit;clear:left;\">qualifying for hedge accounting are recognised in the hedging reserve in OCI, while the change in the fair value of such </span><span style=\"display:inherit;clear:left;\">hedges not qualifying for hedge accounting is recognised in Fair value changes in derivatives and changes in exchange </span><span style=\"display:inherit;clear:left;\">rates of fleet overhauls in the income statement. The change in fair value recognised in the hedging reserve in equity is </span><span style=\"display:inherit;clear:left;\">transferred to the income statement when the hedged transaction is realised. Forward points are included in the hedging </span><span style=\"display:inherit;clear:left;\">instrument and in the hedge relationship. Potential sources of ineffectiveness include changes in the timing of the hedged </span><span style=\"display:inherit;clear:left;\">item, significant changes in the credit risk of parties to the hedging relationship and changes in the total amount of the </span><span style=\"display:inherit;clear:left;\">hedged item, for instance if the underlying cash flow forecast is not accurate enough, that can result in overhedging. </span><span style=\"display:inherit;clear:left;\">However, as Finnair usually hedges less than 100% of its exposure, the risk of overhedging is insignificant. Realised profit </span><span style=\"display:inherit;clear:left;\">or loss on derivatives hedging JPY-denominated operating cash flows is presented in revenue, realised profit or loss on </span><span style=\"display:inherit;clear:left;\">derivatives hedging a group of similar USD costs is proportionally recognised in corresponding expense lines, while profit </span><span style=\"display:inherit;clear:left;\">or loss on derivatives hedging cash flows denominated in other currencies is presented in Other expenses.</span><span style=\"display:inherit;clear:left;\">The hedge ratio is defined as the relationship between the quantity of the hedging instrument and the quantity of </span><span style=\"display:inherit;clear:left;\">the hedged item in terms of their relative weighting. With currency hedging, the hedge ratio is typically 1:1. For forward </span><span style=\"display:inherit;clear:left;\">and option contracts, an economic relationship exists between the hedged item and the hedging instrument as there </span><span style=\"display:inherit;clear:left;\">is an expectation that the value of the hedging instrument and the value of the hedged item would move in opposite </span><span style=\"display:inherit;clear:left;\">directions because of the common underlying exposure. </span><span style=\"display:inherit;clear:left;\">Changes in the fair value of interest rate derivatives not qualifying for hedge accounting are recognised in financial </span><span style=\"display:inherit;clear:left;\">income and expenses in the income statement. Changes in the fair value as well as realised gain or loss on forward </span><span style=\"display:inherit;clear:left;\">contracts used to hedge foreign currency denominated balance sheet items of Finnair Group are recognised in financial </span><span style=\"display:inherit;clear:left;\">expenses. Changes in the fair value and the realised result of hedges of assets held for sale are recognised in Items </span><span style=\"display:inherit;clear:left;\">affecting comparability. </span><span style=\"display:inherit;clear:left;\">Cost of hedging</span><span style=\"display:inherit;clear:left;\">At Finnair, the time value of an option is excluded from the designation of a financial instrument and accounted for as </span><span style=\"display:inherit;clear:left;\">a cost of hedging. Upon initial recognition, Finnair defers any paid premium in the cost of hedging reserve within other </span><span style=\"display:inherit;clear:left;\">comprehensive income. The fair value changes of the time value are recognised in the cost of hedging reserve within </span><span style=\"display:inherit;clear:left;\">other comprehensive income. The premium will be transferred to the consolidated income statement in the same period </span><span style=\"display:inherit;clear:left;\">that the underlying transaction affects the consolidated income statement for transaction-related hedges. As of 31 </span><span style=\"display:inherit;clear:left;\">December 2023, Finnair has deferred premiums only on transaction-related hedges.</span><span style=\"display:inherit;clear:left;\">Critical accounting estimates and sources of uncertainty</span><span style=\"display:inherit;clear:left;\">Finnair accounts for its cash flow hedges of forecasted foreign currency denominated purchases and sales and future </span><span style=\"display:inherit;clear:left;\">jet fuel purchases in accordance with the IFRS 9. Under the hedge accounting principles, a forecast transaction can be </span><span style=\"display:inherit;clear:left;\">designated as a hedged item only if that transaction is considered as highly probable. The evaluation of probability </span><span style=\"display:inherit;clear:left;\">is based on the management forecasts about the future level of Finnair\u2019s operations and cash flows. Such forecasts </span><span style=\"display:inherit;clear:left;\">require the use of management judgement and assumptions, which inherently contain some degree of uncertainty. </span><span style=\"display:inherit;clear:left;\">Should the expected circumstances or outcome change in the future, the management would need to reassess whether </span><span style=\"display:inherit;clear:left;\">a hedged forecast transaction is still highly likely to occur. This could be the case if, for example, the expected recovery </span><span style=\"display:inherit;clear:left;\">and thus the expected jet fuel consumption levels would not realize as expected. Should the forecast transaction no </span><span style=\"display:inherit;clear:left;\">longer be highly probable, it would no longer qualify as an eligible hedged item and hedge accounting would need to </span><span style=\"display:inherit;clear:left;\">be discontinued. Should it no longer be expected to occur at all, the balance of the cash flow hedge reserve included in </span><span style=\"display:inherit;clear:left;\">other comprehensive income would need to be reclassified to profit or loss.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-1293-4": {
   "value": "<span style=\"display:inherit;clear:left;\">3.8 Derivatives</span><span style=\"display:inherit;clear:left;\">  Derivative contracts and hedge accounting</span><span style=\"display:inherit;clear:left;\">According to its risk management policy, Finnair Group uses foreign currency, interest rate and commodity derivatives to </span><span style=\"display:inherit;clear:left;\">reduce the exchange rate, interest rate and commodity risks which arise from the Group\u2019s balance sheet items, foreign </span><span style=\"display:inherit;clear:left;\">currency denominated purchase agreements, anticipated foreign currency denominated purchases and sales as well as </span><span style=\"display:inherit;clear:left;\">future jet fuel purchases. It is the Group\u2019s policy not to enter into derivative financial contracts for speculative purposes.</span><span style=\"display:inherit;clear:left;\">The derivatives are initially recognised as well as subsequently valued at fair value in each financial statement and </span><span style=\"display:inherit;clear:left;\">interim report. The fair values of the derivatives are based on the value at which the instrument could be exchanged </span><span style=\"display:inherit;clear:left;\">between knowledgeable, willing and independent parties, with no compulsion to sell or buy in the sales situation. The fair </span><span style=\"display:inherit;clear:left;\">values of derivatives are determined as follows:</span><span style=\"display:inherit;clear:left;\">The fair values of all derivatives are calculated using the exchange rates, interest rates, volatilities and commodity </span><span style=\"display:inherit;clear:left;\">price quotations on the closing date. The fair values of currency forward contracts are calculated as the present value </span><span style=\"display:inherit;clear:left;\">of future cash flows. The fair values of currency options are calculated using the Black-Scholes option pricing model. The </span><span style=\"display:inherit;clear:left;\">fair values of interest rate swap contracts are calculated as the present value of future cash flows. The fair values of cross-</span><span style=\"display:inherit;clear:left;\">currency interest rate swap contracts are calculated as the present value of future cash flows. The fair values of interest </span><span style=\"display:inherit;clear:left;\">rate options are calculated using generally accepted option valuation models. The fair values of commodity forward </span><span style=\"display:inherit;clear:left;\">contracts are calculated as the present value of future cash flows. The fair values of commodity options are calculated </span><span style=\"display:inherit;clear:left;\">using generally accepted option valuation models.</span><span style=\"display:inherit;clear:left;\">The Group uses credit valuation adjustment for cross-currency interest rate swaps as the maturities of these derivatives </span><span style=\"display:inherit;clear:left;\">are long. The credit valuation adjustment is not done for the rest of the derivatives as the maturities for these are short and </span><span style=\"display:inherit;clear:left;\">the impact would not be material. Credit risk management is described in more detail in note 3.5.</span><span style=\"display:inherit;clear:left;\">Gains and losses arising from changes in the fair value are presented in the financial statements according to the </span><span style=\"display:inherit;clear:left;\">original classification of the derivative. Gains and losses on derivatives qualifying for hedge accounting are recognised </span><span style=\"display:inherit;clear:left;\">in accordance with the nature of the risk being hedged. At inception, derivative contracts are designated as hedges of </span><span style=\"display:inherit;clear:left;\">future cash flows, hedges of the fair value of recognised assets or liabilities and binding purchase contracts (cash flow </span><span style=\"display:inherit;clear:left;\">hedges or fair value hedges) or as derivatives not meeting the hedge accounting criteria or to which hedge accounting </span><span style=\"display:inherit;clear:left;\">is not applied (economic hedges). Hedging of the fair value of net investments of foreign units or embedded derivatives </span><span style=\"display:inherit;clear:left;\">have not been used. </span><span style=\"display:inherit;clear:left;\">At the inception of hedge accounting, Finnair Group documents the economic relationship and the hedge ratio </span><span style=\"display:inherit;clear:left;\">between the hedged item and the hedging instrument, as well as the Group\u2019s risk management objectives and the </span><span style=\"display:inherit;clear:left;\">strategy for the inception of hedging. At the inception of hedging, and at least at the time of each financial statement, </span><span style=\"display:inherit;clear:left;\">the Group documents and assesses the effectiveness of hedge relationships by examining the past and prospective </span><span style=\"display:inherit;clear:left;\">capacity of the hedging instrument to offset changes in the fair value of the hedged item or changes in cash flows. The </span><span style=\"display:inherit;clear:left;\">values of derivatives in a hedging relationship are presented in the balance sheet item Short\u2013term financial asset and </span><span style=\"display:inherit;clear:left;\">liabilities.</span><span style=\"display:inherit;clear:left;\">Finnair Group implements the IFRS hedge accounting principles in the hedging of future cash flows (cash flow hedging). </span><span style=\"display:inherit;clear:left;\">The principles are applied to the price and foreign currency risk of jet fuel, the foreign currency risk of lease payments </span><span style=\"display:inherit;clear:left;\">and the foreign currency risk of highly probable future sales and costs denominated in foreign currencies. The IFRS fair </span><span style=\"display:inherit;clear:left;\">value hedge accounting principles are applied to the hedging of foreign exchange and interest rate risk of aircraft.</span><span style=\"display:inherit;clear:left;\">The change in the fair value of the effective portion of derivative instruments that have been designated and qualify </span><span style=\"display:inherit;clear:left;\">as cash flow hedges are recognised in comprehensive income and presented within equity in the fair value reserve, to </span><span style=\"display:inherit;clear:left;\">the extent that the requirements for the application of hedge accounting have been fulfilled and the hedge is effective. </span><span style=\"display:inherit;clear:left;\">The gains and losses, recognised in the fair value reserve, are transferred to the income statement in the period in which </span><span style=\"display:inherit;clear:left;\">the hedged item is recognised in the income statement. When a hedging instrument expires or is sold, terminated or </span><span style=\"display:inherit;clear:left;\">exercised, or the criteria for cash flow hedge accounting are no longer fulfilled, but the hedged forecast transaction </span><span style=\"display:inherit;clear:left;\">is still expected to occur, the cumulative gain or loss at that point remains in the hedge reserve and is recognised in </span><span style=\"display:inherit;clear:left;\">accordance with the above policy when the transaction occurs. If the underlying hedged transaction is no longer </span><span style=\"display:inherit;clear:left;\">expected to take place, the cumulative unrealised gain or loss recognised in the hedge reserve with respect to the </span><span style=\"display:inherit;clear:left;\">hedging instrument is recognised immediately in the consolidated income statement.</span><span style=\"display:inherit;clear:left;\">The effectiveness of hedging is tested on a quarterly basis. The effective portion of the hedges is recognised in the fair </span><span style=\"display:inherit;clear:left;\">value reserve of other comprehensive income, from which it is transferred to the income statement when the hedged </span><span style=\"display:inherit;clear:left;\">item is realised or, in terms of investments, as an acquisition cost adjustment.</span><span style=\"display:inherit;clear:left;\">Fair value hedging is implemented on firm orders of new aircraft, and in order to hedge the fixed interest rate bond. </span><span style=\"display:inherit;clear:left;\">The binding purchase agreements for new aircraft are treated as firm commitments under IFRS, and therefore, the fair </span><span style=\"display:inherit;clear:left;\">value changes of the hedged part arising from foreign currency movements are recognised in the balance sheet as an </span><span style=\"display:inherit;clear:left;\">asset item, and corresponding gains or losses recognised through profit and loss. Similarly, the fair value of instruments </span><span style=\"display:inherit;clear:left;\">hedging these purchases is presented in the balance sheet as a liability or receivable, and the change in fair value is </span><span style=\"display:inherit;clear:left;\">recognised in profit and loss. </span><span style=\"display:inherit;clear:left;\">The gain or loss related to the effective portion of the interest rate swap, which hedges the fixed interest rate bond, is </span><span style=\"display:inherit;clear:left;\">recognised as financial income or expenses in the income statement. The gain or loss related to the ineffective portion </span><span style=\"display:inherit;clear:left;\">is recognised within other operating income and expenses in the income statement. The change in the fair value </span><span style=\"display:inherit;clear:left;\">attributable to the interest rate risk of the hedged fixed interest rate loans is recognised in the financial expenses in the </span><span style=\"display:inherit;clear:left;\">income statement.</span><span style=\"display:inherit;clear:left;\">If the hedge no longer meets the criteria for hedge accounting, the adjustment to the carrying amount of a hedged </span><span style=\"display:inherit;clear:left;\">item, for which the effective interest method is used, is amortized to profit or loss over the period to maturity.</span><span style=\"display:inherit;clear:left;\">Finnair Group uses cross-currency interest rate swaps in the hedging of the interest rate and foreign exchange risks </span><span style=\"display:inherit;clear:left;\">of foreign currency denominated loans. Cross-currency interest rate swaps are excluded from hedge accounting, </span><span style=\"display:inherit;clear:left;\">and therefore the fair value changes are recognised in derivative assets and liabilities in the balance sheet, as well as </span><span style=\"display:inherit;clear:left;\">in the financial income and expenses in the income statement. The fair value changes of the loans are simultaneously </span><span style=\"display:inherit;clear:left;\">recognised in the financial income and expenses. Realised foreign exchange rate differences, as well as interest income </span><span style=\"display:inherit;clear:left;\">and expenses, are recognised in the financial income and expenses against the exchange rate differences and interest </span><span style=\"display:inherit;clear:left;\">income and expenses of the loan</span><span style=\"display:inherit;clear:left;\">Finnair Group uses jet fuel swaps (forward contracts) and options in the hedging of jet fuel price risk. Unrealised gains </span><span style=\"display:inherit;clear:left;\">and losses on derivatives hedging jet fuel, which are designated as cash flow hedges and fulfil the requirements of IFRS </span><span style=\"display:inherit;clear:left;\">hedge accounting, are recognised in the hedging reserve within other comprehensive income. Accrued derivative </span><span style=\"display:inherit;clear:left;\">gains and losses, recognised in shareholders\u2019 equity, are recognised as income or expense in the income statement </span><span style=\"display:inherit;clear:left;\">in the same financial period as the hedged item is recognised in the income statement. If a forecasted cash flow is no </span><span style=\"display:inherit;clear:left;\">longer expected to occur, and as a result the IFRS hedge accounting criteria are not fulfilled, the fair value changes </span><span style=\"display:inherit;clear:left;\">and the accrued gains and losses reported in shareholders\u2019 equity are transferred to the items affecting comparability </span><span style=\"display:inherit;clear:left;\">in the income statement. Changes in the fair value of jet fuel swaps and options excluded from hedge accounting are </span><span style=\"display:inherit;clear:left;\">recognised in fair value changes in derivatives in the income statement, while the realised result is presented in fuel costs. </span><span style=\"display:inherit;clear:left;\">For forward and option contracts, an economic relationship exists between the hedged item and the hedging </span><span style=\"display:inherit;clear:left;\">instrument as the hedging instrument and the hedged item are expected to move in opposite directions because of </span><span style=\"display:inherit;clear:left;\">the same underlying exposure. This is true for all hedge relationships except for the SING consumption hedged with </span><span style=\"display:inherit;clear:left;\">NWE hedges (as described in section 3.5). In that case, the underlying is different, but the underlying hedged item (SING) </span><span style=\"display:inherit;clear:left;\">and the hedge (NWE) have a historical correlation of 0.99. Therefore, it can be classified as a relationship where the </span><span style=\"display:inherit;clear:left;\">underlying and the hedge are economically closely related. Ineffectiveness on fuel derivatives can also arise from timing </span><span style=\"display:inherit;clear:left;\">differences on the notional amount between the hedged instrument and hedged item, significant changes in credit risk </span><span style=\"display:inherit;clear:left;\">of parties to the hedging relationship and changes in the total amount of the hedged item, for instance if the underlying </span><span style=\"display:inherit;clear:left;\">fuel consumption forecast is not accurate enough, that can result in overhedging. However, as Finnair usually hedges less </span><span style=\"display:inherit;clear:left;\">than 100% of its exposure, the risk of overhedging is insignificant. Finnair has established a hedge ratio of 1:1 for hedging </span><span style=\"display:inherit;clear:left;\">relationships.</span><span style=\"display:inherit;clear:left;\">Finnair uses forward contracts and options to hedge its exposure to foreign currency denominated cash flows. The </span><span style=\"display:inherit;clear:left;\">hedges of cash flows denominated in foreign currencies are treated as cash flow hedges in accounting, in accordance </span><span style=\"display:inherit;clear:left;\">with the hedge accounting principles of IFRS 9. Unrealised gains and losses on hedges of forecasted cash flows </span><span style=\"display:inherit;clear:left;\">qualifying for hedge accounting are recognised in the hedging reserve in OCI, while the change in the fair value of such </span><span style=\"display:inherit;clear:left;\">hedges not qualifying for hedge accounting is recognised in Fair value changes in derivatives and changes in exchange </span><span style=\"display:inherit;clear:left;\">rates of fleet overhauls in the income statement. The change in fair value recognised in the hedging reserve in equity is </span><span style=\"display:inherit;clear:left;\">transferred to the income statement when the hedged transaction is realised. Forward points are included in the hedging </span><span style=\"display:inherit;clear:left;\">instrument and in the hedge relationship. Potential sources of ineffectiveness include changes in the timing of the hedged </span><span style=\"display:inherit;clear:left;\">item, significant changes in the credit risk of parties to the hedging relationship and changes in the total amount of the </span><span style=\"display:inherit;clear:left;\">hedged item, for instance if the underlying cash flow forecast is not accurate enough, that can result in overhedging. </span><span style=\"display:inherit;clear:left;\">However, as Finnair usually hedges less than 100% of its exposure, the risk of overhedging is insignificant. Realised profit </span><span style=\"display:inherit;clear:left;\">or loss on derivatives hedging JPY-denominated operating cash flows is presented in revenue, realised profit or loss on </span><span style=\"display:inherit;clear:left;\">derivatives hedging a group of similar USD costs is proportionally recognised in corresponding expense lines, while profit </span><span style=\"display:inherit;clear:left;\">or loss on derivatives hedging cash flows denominated in other currencies is presented in Other expenses.</span><span style=\"display:inherit;clear:left;\">The hedge ratio is defined as the relationship between the quantity of the hedging instrument and the quantity of </span><span style=\"display:inherit;clear:left;\">the hedged item in terms of their relative weighting. With currency hedging, the hedge ratio is typically 1:1. For forward </span><span style=\"display:inherit;clear:left;\">and option contracts, an economic relationship exists between the hedged item and the hedging instrument as there </span><span style=\"display:inherit;clear:left;\">is an expectation that the value of the hedging instrument and the value of the hedged item would move in opposite </span><span style=\"display:inherit;clear:left;\">directions because of the common underlying exposure. </span><span style=\"display:inherit;clear:left;\">Changes in the fair value of interest rate derivatives not qualifying for hedge accounting are recognised in financial </span><span style=\"display:inherit;clear:left;\">income and expenses in the income statement. Changes in the fair value as well as realised gain or loss on forward </span><span style=\"display:inherit;clear:left;\">contracts used to hedge foreign currency denominated balance sheet items of Finnair Group are recognised in financial </span><span style=\"display:inherit;clear:left;\">expenses. Changes in the fair value and the realised result of hedges of assets held for sale are recognised in Items </span><span style=\"display:inherit;clear:left;\">affecting comparability. </span><span style=\"display:inherit;clear:left;\">Cost of hedging</span><span style=\"display:inherit;clear:left;\">At Finnair, the time value of an option is excluded from the designation of a financial instrument and accounted for as </span><span style=\"display:inherit;clear:left;\">a cost of hedging. Upon initial recognition, Finnair defers any paid premium in the cost of hedging reserve within other </span><span style=\"display:inherit;clear:left;\">comprehensive income. The fair value changes of the time value are recognised in the cost of hedging reserve within </span><span style=\"display:inherit;clear:left;\">other comprehensive income. The premium will be transferred to the consolidated income statement in the same period </span><span style=\"display:inherit;clear:left;\">that the underlying transaction affects the consolidated income statement for transaction-related hedges. As of 31 </span><span style=\"display:inherit;clear:left;\">December 2023, Finnair has deferred premiums only on transaction-related hedges.</span><span style=\"display:inherit;clear:left;\">Critical accounting estimates and sources of uncertainty</span><span style=\"display:inherit;clear:left;\">Finnair accounts for its cash flow hedges of forecasted foreign currency denominated purchases and sales and future </span><span style=\"display:inherit;clear:left;\">jet fuel purchases in accordance with the IFRS 9. Under the hedge accounting principles, a forecast transaction can be </span><span style=\"display:inherit;clear:left;\">designated as a hedged item only if that transaction is considered as highly probable. The evaluation of probability </span><span style=\"display:inherit;clear:left;\">is based on the management forecasts about the future level of Finnair\u2019s operations and cash flows. Such forecasts </span><span style=\"display:inherit;clear:left;\">require the use of management judgement and assumptions, which inherently contain some degree of uncertainty. </span><span style=\"display:inherit;clear:left;\">Should the expected circumstances or outcome change in the future, the management would need to reassess whether </span><span style=\"display:inherit;clear:left;\">a hedged forecast transaction is still highly likely to occur. This could be the case if, for example, the expected recovery </span><span style=\"display:inherit;clear:left;\">and thus the expected jet fuel consumption levels would not realize as expected. Should the forecast transaction no </span><span style=\"display:inherit;clear:left;\">longer be highly probable, it would no longer qualify as an eligible hedged item and hedge accounting would need to </span><span style=\"display:inherit;clear:left;\">be discontinued. Should it no longer be expected to occur at all, the balance of the cash flow hedge reserve included in </span><span style=\"display:inherit;clear:left;\">other comprehensive income would need to be reclassified to profit or loss.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-1461-3": {
   "value": "<span style=\"display:inherit;clear:left;\">Number of shares<span class=\"_ _36e\"> </span><span class=\"ws0\">2023<span class=\"_ _58\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Number of outstanding shares in the beginning of the financial year<span class=\"_ _fe\"> </span><span class=\"ws0\">1,407,001,962<span class=\"_ _19\"> </span>1,405,980,132</span></span><span style=\"display:inherit;clear:left;\">Rights issue<span class=\"_ _36f\"> </span><span class=\"ws0\">19,012,413,069<span class=\"_ _2e1\"> </span>-</span></span><span style=\"display:inherit;clear:left;\">Shares granted from the share-bonus scheme 2019-2021<span class=\"_ _183\"> </span><span class=\"ws0\">-<span class=\"_ _11a\"> </span>119,737</span></span><span style=\"display:inherit;clear:left;\">Shares granted from FlyShare employee share savings plans<span class=\"_ _da\"> </span><span class=\"ws0\">1,487,760<span class=\"_ _e3\"> </span>902,093</span></span><span style=\"display:inherit;clear:left;\">Executive Board Rebuild Incentive Plan<span class=\"_ _187\"> </span><span class=\"ws0\">10,670,826<span class=\"_ _2e1\"> </span>-</span></span><span style=\"display:inherit;clear:left;\">Number of outstanding shares at the end of the financial year<span class=\"_ _15a\"> </span><span class=\"ws0\">20,431,573,617<span class=\"_ _1f0\"> </span>1,407,001,962</span></span><span style=\"display:inherit;clear:left;\">Own shares held by the parent company<span class=\"_ _370\"> </span><span class=\"ws0\">49,565,650<span class=\"_ _f9\"> </span>399,303</span></span><span style=\"display:inherit;clear:left;\">Total number of shares at the end of the financial year<span class=\"_ _371\"> </span><span class=\"ws0\">20,481,139,267<span class=\"_ _211\"> </span>1,407,401,265</span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTreasurySharesExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-1461-4": {
   "value": "<span style=\"display:inherit;clear:left;\">Number of shares<span class=\"_ _36e\"> </span><span class=\"ws0\">2023<span class=\"_ _58\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Number of outstanding shares in the beginning of the financial year<span class=\"_ _fe\"> </span><span class=\"ws0\">1,407,001,962<span class=\"_ _19\"> </span>1,405,980,132</span></span><span style=\"display:inherit;clear:left;\">Rights issue<span class=\"_ _36f\"> </span><span class=\"ws0\">19,012,413,069<span class=\"_ _2e1\"> </span>-</span></span><span style=\"display:inherit;clear:left;\">Shares granted from the share-bonus scheme 2019-2021<span class=\"_ _183\"> </span><span class=\"ws0\">-<span class=\"_ _11a\"> </span>119,737</span></span><span style=\"display:inherit;clear:left;\">Shares granted from FlyShare employee share savings plans<span class=\"_ _da\"> </span><span class=\"ws0\">1,487,760<span class=\"_ _e3\"> </span>902,093</span></span><span style=\"display:inherit;clear:left;\">Executive Board Rebuild Incentive Plan<span class=\"_ _187\"> </span><span class=\"ws0\">10,670,826<span class=\"_ _2e1\"> </span>-</span></span><span style=\"display:inherit;clear:left;\">Number of outstanding shares at the end of the financial year<span class=\"_ _15a\"> </span><span class=\"ws0\">20,431,573,617<span class=\"_ _1f0\"> </span>1,407,001,962</span></span><span style=\"display:inherit;clear:left;\">Own shares held by the parent company<span class=\"_ _370\"> </span><span class=\"ws0\">49,565,650<span class=\"_ _f9\"> </span>399,303</span></span><span style=\"display:inherit;clear:left;\">Total number of shares at the end of the financial year<span class=\"_ _371\"> </span><span class=\"ws0\">20,481,139,267<span class=\"_ _211\"> </span>1,407,401,265</span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-1483-3": {
   "value": "<span style=\"display:inherit;clear:left;\">Hybrid bond</span><span style=\"display:inherit;clear:left;\">Finnair issued a 200 million euro hybrid bond during 2020, which was booked to shareholders\u2019 equity (after equity</span><span style=\"display:inherit;clear:left;\">belonging to the holders). The hybrid bond was redeemed in full during third quarter of 2023.</span><span style=\"display:inherit;clear:left;\">Capital loan</span><span style=\"display:inherit;clear:left;\">During 2022 Finnair withdrew a 400 million euro capital loan, which was booked to equity. In Finnair\u2019s rights offering </span><span style=\"display:inherit;clear:left;\">of approximately 558 million euros executed in November 2023, the State of Finland subscribed for its pro rata </span><span style=\"display:inherit;clear:left;\">share of the new shares on the basis of subscription rights allocated to it. The State of Finland paid the subscription </span><span style=\"display:inherit;clear:left;\">price of the shares by offsetting it against a corresponding amount of the principal of the capital loan. This totaled </span><span style=\"display:inherit;clear:left;\">318.6 million euros. Finnair repaid the remainder of the capital loan, i.e. 81.4 million euros, on 24 November 2023 to </span><span style=\"display:inherit;clear:left;\">the State of Finland. In addition, Finnair paid the related interest and other fees of 48.9 million euros to the State.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSubordinatedLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-1483-4": {
   "value": "<span style=\"display:inherit;clear:left;\">Hybrid bond</span><span style=\"display:inherit;clear:left;\">Finnair issued a 200 million euro hybrid bond during 2020, which was booked to shareholders\u2019 equity (after equity</span><span style=\"display:inherit;clear:left;\">belonging to the holders). The hybrid bond was redeemed in full during third quarter of 2023.</span><span style=\"display:inherit;clear:left;\">Capital loan</span><span style=\"display:inherit;clear:left;\">During 2022 Finnair withdrew a 400 million euro capital loan, which was booked to equity. In Finnair\u2019s rights offering </span><span style=\"display:inherit;clear:left;\">of approximately 558 million euros executed in November 2023, the State of Finland subscribed for its pro rata </span><span style=\"display:inherit;clear:left;\">share of the new shares on the basis of subscription rights allocated to it. The State of Finland paid the subscription </span><span style=\"display:inherit;clear:left;\">price of the shares by offsetting it against a corresponding amount of the principal of the capital loan. This totaled </span><span style=\"display:inherit;clear:left;\">318.6 million euros. Finnair repaid the remainder of the capital loan, i.e. 81.4 million euros, on 24 November 2023 to </span><span style=\"display:inherit;clear:left;\">the State of Finland. In addition, Finnair paid the related interest and other fees of 48.9 million euros to the State.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfReservesAndOtherEquityInterestExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-1494-3": {
   "value": "<span style=\"display:inherit;clear:left;\">Earnings per share</span><span style=\"display:inherit;clear:left;\">The basic earnings per share figure is calculated by dividing the result for the financial year attributable to the </span><span style=\"display:inherit;clear:left;\">parent company\u2019s shareholders by the weighted average number of shares outstanding during the financial </span><span style=\"display:inherit;clear:left;\">year. The result for the financial year is adjusted for the after-tax amounts of hybrid bond interests and capital </span><span style=\"display:inherit;clear:left;\">loan interests and other fees regardless of payment date, as well as transaction costs of the new hybrid bond </span><span style=\"display:inherit;clear:left;\">issued and premium paid, when a hybrid bond is redeemed. When calculating the earnings per share adjusted </span><span style=\"display:inherit;clear:left;\">for dilution, the weighted average of the number of shares takes into account the diluting effect resulting from </span><span style=\"display:inherit;clear:left;\">the conversion into shares all potentially diluting shares. Finnair has not granted any options.</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Result for the financial year, EUR mill.<span class=\"_ _2d6\"> </span><span class=\"ws0\">254.3<span class=\"_ _20d\"> </span>-476.2</span></span><span style=\"display:inherit;clear:left;\">Hybrid bond interest, EUR mill.<span class=\"_ _35b\"> </span><span class=\"ws0\">-13.7<span class=\"_ _39\"> </span>-20.5</span></span><span style=\"display:inherit;clear:left;\">Capital loan cost, EUR mill.<span class=\"_ _29d\"> </span><span class=\"ws0\">-32.9<span class=\"_ _fd\"> </span>-15.9</span></span><span style=\"display:inherit;clear:left;\">Tax effect<span class=\"_ _31c\"> </span><span class=\"ws0\">9.3<span class=\"_ _107\"> </span>7.3</span></span><span style=\"display:inherit;clear:left;\">Adjusted result for the financial year<span class=\"_ _379\"> </span><span class=\"ws0\">216.9<span class=\"_ _26c\"> </span>-505.3</span></span><span style=\"display:inherit;clear:left;\">Weighted average number of shares, mill. Pcs<span class=\"_ _49\"> </span><span class=\"ws0\">9,640.7<span class=\"_ _87\"> </span>8,380.5</span></span><span style=\"display:inherit;clear:left;\">Basic earnings per share, EUR<span class=\"_ _209\"> </span><span class=\"ws0\">0.022<span class=\"_ _11a\"> </span>-0.060</span></span><span style=\"display:inherit;clear:left;\">Diluted earnings per share, EUR<span class=\"_ _2d5\"> </span><span class=\"ws0\">0.022<span class=\"_ _26c\"> </span>-0.060</span></span><span style=\"display:inherit;clear:left;\">Effect of own shares, EUR<span class=\"_ _37a\"> </span><span class=\"ws0\">0.000<span class=\"_ _204\"> </span>0.000</span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-1502-3": {
   "value": "<span style=\"display:inherit;clear:left;\">Dividend</span><span style=\"display:inherit;clear:left;\">The Board of Directors proposes to the Annual General Meeting that no dividend is paid for 2023. In accordance </span><span style=\"display:inherit;clear:left;\">with the proposal of the Board of Directors, the Annual General Meeting on 23 March 2023 resolved that no </span><span style=\"display:inherit;clear:left;\">dividend be paid based on the balance sheet adopted for the year 2022.</span><span style=\"display:inherit;clear:left;\">Finnair Plc\u2019s distributable equity </span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _37b\"> </span><span class=\"ws0\">2023</span></span><span style=\"display:inherit;clear:left;\">Hedging reserve<span class=\"_ _37c\"> </span><span class=\"ws0\">-14.7</span></span><span style=\"display:inherit;clear:left;\">Unrestricted equity funds<span class=\"_ _18b\"> </span><span class=\"ws0\">1,344.4</span></span><span style=\"display:inherit;clear:left;\">Retained earnings<span class=\"_ _37d\"> </span><span class=\"ws0\">-1,088.0</span></span><span style=\"display:inherit;clear:left;\">Result for the financial year<span class=\"_ _220\"> </span><span class=\"ws0\">231.5</span></span><span style=\"display:inherit;clear:left;\">Distributable equity total<span class=\"_ _299\"> </span><span class=\"ws0\">473.1</span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDividendsExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-1530-2": {
   "value": "<span style=\"display:inherit;clear:left;\">4.2 Subsidiaries</span><span style=\"display:inherit;clear:left;\">  Consolidation principles of subsidiaries</span><span style=\"display:inherit;clear:left;\">Finnair Plc\u2019s consolidated financial statements include the parent company Finnair Plc and all of its subsidiaries. </span><span style=\"display:inherit;clear:left;\">Subsidiaries are defined as companies in which Finnair has control. Control exists when Finnair has rights to variable </span><span style=\"display:inherit;clear:left;\">returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. </span><span style=\"display:inherit;clear:left;\">Usually Finnair has power over the entity when it owns more than 50% of the votes or where Finnair otherwise has </span><span style=\"display:inherit;clear:left;\">the power to govern the financial and operating policies. The acquired subsidiaries are included in the consolidated </span><span style=\"display:inherit;clear:left;\">financial statements from the day the Group has control, and disposed subsidiaries until the control ceases.</span><span style=\"display:inherit;clear:left;\">Acquired and established companies are accounted for using the acquisition method of accounting. Accordingly, </span><span style=\"display:inherit;clear:left;\">the acquired company\u2019s identifiable assets, liabilities and contingent liabilities are measured at fair value on the date </span><span style=\"display:inherit;clear:left;\">of acquisition. The excess between purchase price and fair value of the Group\u2019s share of the identifiable net assets is </span><span style=\"display:inherit;clear:left;\">recognised as goodwill.</span><span style=\"display:inherit;clear:left;\">All inter-company transactions, balances and unrealised gains on transactions between group companies are </span><span style=\"display:inherit;clear:left;\">eliminated. Unrealised losses are also eliminated unless there is evidence of impairment related to the transferred </span><span style=\"display:inherit;clear:left;\">asset. The accounting principles of subsidiaries have been changed to correspond Group\u2019s accounting policies.  </span><span style=\"display:inherit;clear:left;\">Subsidiaries</span><span style=\"display:inherit;clear:left;\">4.3 Acquisitions and divestments</span><span style=\"display:inherit;clear:left;\">There were no business acquisitions or divestments in 2023 and 2022. </span><span style=\"display:inherit;clear:left;\">Group </span><span style=\"display:inherit;clear:left;\">Group </span><span style=\"display:inherit;clear:left;\">Name of the company</span><span style=\"display:inherit;clear:left;\">ownership %<span class=\"_ _272\"> </span>Name of the company</span><span style=\"display:inherit;clear:left;\">ownership %</span><span style=\"display:inherit;clear:left;\">Finnair Cargo Oy, Finland<span class=\"_ _37e\"> </span><span class=\"ws0\">100.0<span class=\"_ _272\"> </span></span>Amadeus Finland Oy, Finland<span class=\"_ _37f\"> </span><span class=\"ws0\">95.0</span></span><span style=\"display:inherit;clear:left;\">Oy Aurinkomatkat - Suntours Ltd Ab, </span><span style=\"display:inherit;clear:left;\">Finnair Aircraft Finance Oy, Finland<span class=\"_ _13f\"> </span><span class=\"ws0\">100.0</span></span><span style=\"display:inherit;clear:left;\">Finland<span class=\"_ _380\"> </span>100.0</span><span style=\"display:inherit;clear:left;\">Finnair Technical Services Oy, Finland<span class=\"_ _108\"> </span><span class=\"ws0\">100.0<span class=\"_ _272\"> </span></span>Aurinko O\u00fc, Estonia<span class=\"_ _165\"> </span><span class=\"ws0\">100.0</span></span><span style=\"display:inherit;clear:left;\">Finnair Engine Services Oy, Finland<span class=\"_ _86\"> </span><span class=\"ws0\">100.0<span class=\"_ _272\"> </span></span>Matkayhtym\u00e4 Oy, Finland<span class=\"_ _36c\"> </span><span class=\"ws0\">100.0</span></span><span style=\"display:inherit;clear:left;\">Finnair Kitchen Oy, Finland<span class=\"_ _18a\"> </span><span class=\"ws0\">100.0<span class=\"_ _381\"> </span></span>FTS Financial Services Oy, Finland<span class=\"_ _19c\"> </span><span class=\"ws0\">100.0</span></span><span style=\"display:inherit;clear:left;\">Kiinteist\u00f6 Oy Lentokonehuolto, Finland<span class=\"_ _51\"> </span><span class=\"ws0\">100.0<span class=\"_ _381\"> </span></span>Finnair Business Services O\u00fc, Estonia<span class=\"_ _2b\"> </span><span class=\"ws0\">100.0</span></span><span style=\"display:inherit;clear:left;\">Northport Oy, Finland<span class=\"_ _de\"> </span><span class=\"ws0\">100.0</span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-1531-3": {
   "value": "<span style=\"display:inherit;clear:left;\">  Consolidation principles of subsidiaries</span><span style=\"display:inherit;clear:left;\">Finnair Plc\u2019s consolidated financial statements include the parent company Finnair Plc and all of its subsidiaries. </span><span style=\"display:inherit;clear:left;\">Subsidiaries are defined as companies in which Finnair has control. Control exists when Finnair has rights to variable </span><span style=\"display:inherit;clear:left;\">returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. </span><span style=\"display:inherit;clear:left;\">Usually Finnair has power over the entity when it owns more than 50% of the votes or where Finnair otherwise has </span><span style=\"display:inherit;clear:left;\">the power to govern the financial and operating policies. The acquired subsidiaries are included in the consolidated </span><span style=\"display:inherit;clear:left;\">financial statements from the day the Group has control, and disposed subsidiaries until the control ceases.</span><span style=\"display:inherit;clear:left;\">Acquired and established companies are accounted for using the acquisition method of accounting. Accordingly, </span><span style=\"display:inherit;clear:left;\">the acquired company\u2019s identifiable assets, liabilities and contingent liabilities are measured at fair value on the date </span><span style=\"display:inherit;clear:left;\">of acquisition. The excess between purchase price and fair value of the Group\u2019s share of the identifiable net assets is </span><span style=\"display:inherit;clear:left;\">recognised as goodwill.</span><span style=\"display:inherit;clear:left;\">All inter-company transactions, balances and unrealised gains on transactions between group companies are </span><span style=\"display:inherit;clear:left;\">eliminated. Unrealised losses are also eliminated unless there is evidence of impairment related to the transferred </span><span style=\"display:inherit;clear:left;\">asset. The accounting principles of subsidiaries have been changed to correspond Group\u2019s accounting policies.  </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSubsidiariesExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-1546-3": {
   "value": "<span style=\"display:inherit;clear:left;\">4.3 Acquisitions and divestments</span><span style=\"display:inherit;clear:left;\">There were no business acquisitions or divestments in 2023 and 2022. </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBusinessCombinationsExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-1549-2": {
   "value": "<span style=\"display:inherit;clear:left;\">4.4 Investments in joint ventures</span><span style=\"display:inherit;clear:left;\">  Companies where the Group has joint control with another entity and significant decisions require both parties </span><span style=\"display:inherit;clear:left;\">approval are considered as joint ventures and those are accounted for using the equity method. The group has </span><span style=\"display:inherit;clear:left;\">no joint arrangements classified as joint operations in which the group would have rights to shares in the assets or </span><span style=\"display:inherit;clear:left;\">liabilities of the joint ventures and which it would combine with its balance sheet.</span><span style=\"display:inherit;clear:left;\">The investment in joint ventures include goodwill recognized at the time of acquisition. The Group recognises its </span><span style=\"display:inherit;clear:left;\">share of the post-acquisition results in joint ventures in the income statement. When the Group\u2019s share of losses in a </span><span style=\"display:inherit;clear:left;\">joint venture equals or exceeds its interest in the joint venture, the Group does not recognise further losses, unless it has </span><span style=\"display:inherit;clear:left;\">incurred obligations on behalf of the joint venture.</span><span style=\"display:inherit;clear:left;\">Results from the transactions between the Group and its joint ventures are recognised only to the extent of unrelated </span><span style=\"display:inherit;clear:left;\">investor\u2019s interests in the joint ventures. The Group determines at each reporting date whether there is any objective </span><span style=\"display:inherit;clear:left;\">evidence that the investment in the joint ventures is impaired. In case of such indications, Group calculates the amount </span><span style=\"display:inherit;clear:left;\">of impairment as the difference between the recoverable amount of the joint venture and its carrying value. The </span><span style=\"display:inherit;clear:left;\">impairment is recognised in share of results in joint ventures.</span><span style=\"display:inherit;clear:left;\">Accounting policies of joint ventures have been changed to correspond with the accounting policies adopted by </span><span style=\"display:inherit;clear:left;\">the Group. If financial statements for the period are not available, the share of the profit of certain joint ventures is </span><span style=\"display:inherit;clear:left;\">included in the consolidated accounts based on the preliminary financial statements or latest available information. </span><span style=\"display:inherit;clear:left;\">Information on the Group\u2019s joint ventures</span><span style=\"display:inherit;clear:left;\">Nordic Regional Airlines AB (Norra) operates mainly purchased traffic for Finnair. The owners (Finnair 40% and </span><span style=\"display:inherit;clear:left;\">Danish Air Transport 60%) have joint control over the entity. In the balance sheet of Finnair, Norra has been </span><span style=\"display:inherit;clear:left;\">classified as a joint venture.</span><span style=\"display:inherit;clear:left;\">The result of associated companies and joint ventures for 2023 was 0.5 (0.5) million euros, of which Finnair\u2019s </span><span style=\"display:inherit;clear:left;\">share was 0.0 (0.0) million euros. Investments in joint ventures in consolidated balance sheet were 0.0 (0.0) </span><span style=\"display:inherit;clear:left;\">million euros. More information on transactions with joint ventures can be found in the note 4.5 Related party </span><span style=\"display:inherit;clear:left;\">transactions.</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _10e\"> </span><span class=\"ws0\">Domicile<span class=\"_ _d\"> </span>Assets<span class=\"_ _e\"> </span>Liabilities<span class=\"_ _74\"> </span>Revenue<span class=\"_ _363\"> </span>Profit/Loss<span class=\"_ _19\"> </span></span>Holding %</span><span style=\"display:inherit;clear:left;\">31 Dec 2023<span class=\"_ _20c\"> </span><span class=\"ws0\">Sweden<span class=\"_ _87\"> </span>110.7<span class=\"_ _361\"> </span>110.4<span class=\"_ _fb\"> </span>84.0<span class=\"_ _58\"> </span>0.5<span class=\"_ _155\"> </span>40.00</span></span><span style=\"display:inherit;clear:left;\">31 Dec 2022<span class=\"_ _20c\"> </span><span class=\"ws0\">Sweden<span class=\"_ _1fa\"> </span>133.9<span class=\"_ _1fa\"> </span>134.2<span class=\"_ _e8\"> </span>77.1<span class=\"_ _58\"> </span>0.5<span class=\"_ _155\"> </span>40.00</span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInAssociatesExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-1549-3": {
   "value": "<span style=\"display:inherit;clear:left;\">4.4 Investments in joint ventures</span><span style=\"display:inherit;clear:left;\">  Companies where the Group has joint control with another entity and significant decisions require both parties </span><span style=\"display:inherit;clear:left;\">approval are considered as joint ventures and those are accounted for using the equity method. The group has </span><span style=\"display:inherit;clear:left;\">no joint arrangements classified as joint operations in which the group would have rights to shares in the assets or </span><span style=\"display:inherit;clear:left;\">liabilities of the joint ventures and which it would combine with its balance sheet.</span><span style=\"display:inherit;clear:left;\">The investment in joint ventures include goodwill recognized at the time of acquisition. The Group recognises its </span><span style=\"display:inherit;clear:left;\">share of the post-acquisition results in joint ventures in the income statement. When the Group\u2019s share of losses in a </span><span style=\"display:inherit;clear:left;\">joint venture equals or exceeds its interest in the joint venture, the Group does not recognise further losses, unless it has </span><span style=\"display:inherit;clear:left;\">incurred obligations on behalf of the joint venture.</span><span style=\"display:inherit;clear:left;\">Results from the transactions between the Group and its joint ventures are recognised only to the extent of unrelated </span><span style=\"display:inherit;clear:left;\">investor\u2019s interests in the joint ventures. The Group determines at each reporting date whether there is any objective </span><span style=\"display:inherit;clear:left;\">evidence that the investment in the joint ventures is impaired. In case of such indications, Group calculates the amount </span><span style=\"display:inherit;clear:left;\">of impairment as the difference between the recoverable amount of the joint venture and its carrying value. The </span><span style=\"display:inherit;clear:left;\">impairment is recognised in share of results in joint ventures.</span><span style=\"display:inherit;clear:left;\">Accounting policies of joint ventures have been changed to correspond with the accounting policies adopted by </span><span style=\"display:inherit;clear:left;\">the Group. If financial statements for the period are not available, the share of the profit of certain joint ventures is </span><span style=\"display:inherit;clear:left;\">included in the consolidated accounts based on the preliminary financial statements or latest available information. </span><span style=\"display:inherit;clear:left;\">Information on the Group\u2019s joint ventures</span><span style=\"display:inherit;clear:left;\">Nordic Regional Airlines AB (Norra) operates mainly purchased traffic for Finnair. The owners (Finnair 40% and </span><span style=\"display:inherit;clear:left;\">Danish Air Transport 60%) have joint control over the entity. In the balance sheet of Finnair, Norra has been </span><span style=\"display:inherit;clear:left;\">classified as a joint venture.</span><span style=\"display:inherit;clear:left;\">The result of associated companies and joint ventures for 2023 was 0.5 (0.5) million euros, of which Finnair\u2019s </span><span style=\"display:inherit;clear:left;\">share was 0.0 (0.0) million euros. Investments in joint ventures in consolidated balance sheet were 0.0 (0.0) </span><span style=\"display:inherit;clear:left;\">million euros. More information on transactions with joint ventures can be found in the note 4.5 Related party </span><span style=\"display:inherit;clear:left;\">transactions.</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _10e\"> </span><span class=\"ws0\">Domicile<span class=\"_ _d\"> </span>Assets<span class=\"_ _e\"> </span>Liabilities<span class=\"_ _74\"> </span>Revenue<span class=\"_ _363\"> </span>Profit/Loss<span class=\"_ _19\"> </span></span>Holding %</span><span style=\"display:inherit;clear:left;\">31 Dec 2023<span class=\"_ _20c\"> </span><span class=\"ws0\">Sweden<span class=\"_ _87\"> </span>110.7<span class=\"_ _361\"> </span>110.4<span class=\"_ _fb\"> </span>84.0<span class=\"_ _58\"> </span>0.5<span class=\"_ _155\"> </span>40.00</span></span><span style=\"display:inherit;clear:left;\">31 Dec 2022<span class=\"_ _20c\"> </span><span class=\"ws0\">Sweden<span class=\"_ _1fa\"> </span>133.9<span class=\"_ _1fa\"> </span>134.2<span class=\"_ _e8\"> </span>77.1<span class=\"_ _58\"> </span>0.5<span class=\"_ _155\"> </span>40.00</span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfJointVenturesExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-1550-4": {
   "value": "<span style=\"display:inherit;clear:left;\">  Companies where the Group has joint control with another entity and significant decisions require both parties </span><span style=\"display:inherit;clear:left;\">approval are considered as joint ventures and those are accounted for using the equity method. The group has </span><span style=\"display:inherit;clear:left;\">no joint arrangements classified as joint operations in which the group would have rights to shares in the assets or </span><span style=\"display:inherit;clear:left;\">liabilities of the joint ventures and which it would combine with its balance sheet.</span><span style=\"display:inherit;clear:left;\">The investment in joint ventures include goodwill recognized at the time of acquisition. The Group recognises its </span><span style=\"display:inherit;clear:left;\">share of the post-acquisition results in joint ventures in the income statement. When the Group\u2019s share of losses in a </span><span style=\"display:inherit;clear:left;\">joint venture equals or exceeds its interest in the joint venture, the Group does not recognise further losses, unless it has </span><span style=\"display:inherit;clear:left;\">incurred obligations on behalf of the joint venture.</span><span style=\"display:inherit;clear:left;\">Results from the transactions between the Group and its joint ventures are recognised only to the extent of unrelated </span><span style=\"display:inherit;clear:left;\">investor\u2019s interests in the joint ventures. The Group determines at each reporting date whether there is any objective </span><span style=\"display:inherit;clear:left;\">evidence that the investment in the joint ventures is impaired. In case of such indications, Group calculates the amount </span><span style=\"display:inherit;clear:left;\">of impairment as the difference between the recoverable amount of the joint venture and its carrying value. The </span><span style=\"display:inherit;clear:left;\">impairment is recognised in share of results in joint ventures.</span><span style=\"display:inherit;clear:left;\">Accounting policies of joint ventures have been changed to correspond with the accounting policies adopted by </span><span style=\"display:inherit;clear:left;\">the Group. If financial statements for the period are not available, the share of the profit of certain joint ventures is </span><span style=\"display:inherit;clear:left;\">included in the consolidated accounts based on the preliminary financial statements or latest available information. </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-1574-3": {
   "value": "<span style=\"display:inherit;clear:left;\">4.5 Related party transactions</span><span style=\"display:inherit;clear:left;\">Related parties of the Finnair group includes its subsidiaries, management (the Board of Directors, the President </span><span style=\"display:inherit;clear:left;\">and CEO and the Executive Board), their close family members and companies controlled by them or their close</span><span style=\"display:inherit;clear:left;\">family members, associated companies and joint ventures, Finnair pension fund and Finnair Group sickness </span><span style=\"display:inherit;clear:left;\">fund. Subsidiaries are listed in the note 4.2 and joint ventures in note 4.4. Related party transactions include such </span><span style=\"display:inherit;clear:left;\">operations that are not eliminated in the group\u2019s consolidated financial statement.</span>The State of Finland <span style=\"display:inherit;clear:left;\">which has control over Finnair owns 55.7% (55.9%) of Finnair\u2019s shares. During financial </span><span style=\"display:inherit;clear:left;\">year 2023 the State of Finland participated in the rights issue in proportion to its holding by offsetting the </span><span style=\"display:inherit;clear:left;\">aggregate subscription price 318.6 million euros against a corresponding amount of the principal of the capital </span><span style=\"display:inherit;clear:left;\">loan. Guarantee related to the pension premium loan from the State of Finland and during the reporting period </span><span style=\"display:inherit;clear:left;\">repaid capital loan to the State of Finland are described in the note 3.3 Financial liabilities. All the transactions </span><span style=\"display:inherit;clear:left;\">with other government owned companies and other related parties are on arm\u2019s length basis, and are on similar</span><span style=\"display:inherit;clear:left;\">terms than transactions carried out with independent parties. The following transactions have taken place with </span><span style=\"display:inherit;clear:left;\">related party entities:</span><span style=\"display:inherit;clear:left;\">Employee benefits and non-current receivables from pension fund are related to defined benefit pension </span><span style=\"display:inherit;clear:left;\">plans in Finnair pension fund. These are described more detailed in the note 1.3.8.2. Management remuneration </span><span style=\"display:inherit;clear:left;\">is presented in note 1.3.8. Management has not been granted any loans and there have not been any other </span><span style=\"display:inherit;clear:left;\">transactions with management. More information on joint venture can be found in the note 4.4.</span><span style=\"display:inherit;clear:left;\">Finnair pension fund</span><span style=\"display:inherit;clear:left;\">The Finnair pension fund in Finland is a stand-alone legal entity which mainly provides additional pension </span><span style=\"display:inherit;clear:left;\">coverage to Finnair\u2019s personnel in the form of defined benefit plan, and manages related pension assets. The </span><span style=\"display:inherit;clear:left;\">assets include Finnair\u2019s shares representing 0.1% (0.1%) of the company\u2019s outstanding shares. Real estate and </span><span style=\"display:inherit;clear:left;\">premises owned by the pension fund have been mainly leased to Finnair. In 2023 and 2022 Finnair did not pay </span><span style=\"display:inherit;clear:left;\">any contributions to the fund. Pension asset was 127.9 million euros (119.7) at the end of the financial year.</span><span style=\"display:inherit;clear:left;\">Finnair sickness fund</span><span style=\"display:inherit;clear:left;\">The Finnair sickness fund in Finland is a stand-alone legal entity which provides its members the possibility to </span><span style=\"display:inherit;clear:left;\">seek best possible care by compensating related medical costs. The fund\u2019s sphere of operation consists of </span><span style=\"display:inherit;clear:left;\">persons (members) employed by group companies (shareholders). The activities of the insurance fund are </span><span style=\"display:inherit;clear:left;\">financed by contributions collected from shareholders and members.</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Sales of goods and services</span><span style=\"display:inherit;clear:left;\">Joint venture<span class=\"_ _339\"> </span><span class=\"ws0\">25.4<span class=\"_ _2be\"> </span>25.7</span></span><span style=\"display:inherit;clear:left;\">Pension fund<span class=\"_ _382\"> </span><span class=\"ws0\">0.2<span class=\"_ _1cf\"> </span>0.3</span></span><span style=\"display:inherit;clear:left;\">Sickness fund<span class=\"_ _241\"> </span><span class=\"ws0\">0.3<span class=\"_ _297\"> </span>0.0</span></span><span style=\"display:inherit;clear:left;\">Employee benefits</span><span style=\"display:inherit;clear:left;\">Pension fund<span class=\"_ _383\"> </span><span class=\"ws0\">8.3<span class=\"_ _297\"> </span>11.2</span></span><span style=\"display:inherit;clear:left;\">Sickness fund<span class=\"_ _2fb\"> </span><span class=\"ws0\">0.8<span class=\"_ _56\"> </span>0.6</span></span><span style=\"display:inherit;clear:left;\">CEO and Executive Board<span class=\"_ _384\"> </span><span class=\"ws0\">7.5<span class=\"_ _d2\"> </span>4.1</span></span><span style=\"display:inherit;clear:left;\">The Board of Directors<span class=\"_ _21d\"> </span><span class=\"ws0\">0.4<span class=\"_ _295\"> </span>0.4</span></span><span style=\"display:inherit;clear:left;\">Purchases of goods and services</span><span style=\"display:inherit;clear:left;\">Joint venture<span class=\"_ _2d0\"> </span><span class=\"ws0\">84.7<span class=\"_ _282\"> </span>78.2</span></span><span style=\"display:inherit;clear:left;\">Pension fund<span class=\"_ _385\"> </span><span class=\"ws0\">1.6<span class=\"_ _1cf\"> </span>2.0</span></span><span style=\"display:inherit;clear:left;\">Financial income</span><span style=\"display:inherit;clear:left;\">Pension fund<span class=\"_ _382\"> </span><span class=\"ws0\">4.4<span class=\"_ _56\"> </span>0.6</span></span><span style=\"display:inherit;clear:left;\">Receivables</span><span style=\"display:inherit;clear:left;\">Joint venture<span class=\"_ _18b\"> </span><span class=\"ws0\">6.7<span class=\"_ _51\"> </span>6.4</span></span><span style=\"display:inherit;clear:left;\">Pension fund<span class=\"_ _386\"> </span><span class=\"ws0\">128.1<span class=\"_ _2ec\"> </span>119.9</span></span><span style=\"display:inherit;clear:left;\">Liabilities</span><span style=\"display:inherit;clear:left;\">Joint venture<span class=\"_ _220\"> </span><span class=\"ws0\">4.6<span class=\"_ _5e\"> </span>4.3</span></span><span style=\"display:inherit;clear:left;\">Pension fund<span class=\"_ _387\"> </span><span class=\"ws0\">25.6<span class=\"_ _30\"> </span>13.0</span></span><span style=\"display:inherit;clear:left;\">Sickness fund<span class=\"_ _2f\"> </span><span class=\"ws0\">0.1<span class=\"_ _2e1\"> </span>-</span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "f46593": {
   "value": "The State of Finland ",
   "dimensions": {
    "concept": "ifrs-full:NameOfUltimateParentOfGroup",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-1593-2": {
   "value": "<span style=\"display:inherit;clear:left;\">5.1 Income taxes</span><span style=\"display:inherit;clear:left;\">  The tax expense for the period includes current and deferred tax and adjustments to previous years\u2019 taxation. Tax </span><span style=\"display:inherit;clear:left;\">is  <span class=\"_ _0\"></span>recognised in the income statement, except to the extent that it relates to items recognised in other comprehensive </span><span style=\"display:inherit;clear:left;\">income or other equity items.</span><span style=\"display:inherit;clear:left;\">Deferred taxes are calculated for temporary differences between accounting and taxation using the valid tax </span><span style=\"display:inherit;clear:left;\">rates for future years at the closing date. Deferred tax asset is recognised to the extent that realisation of the related </span><span style=\"display:inherit;clear:left;\">tax benefit through future profits is probable. Temporary differences arise mainly from sales of tangible assets and </span><span style=\"display:inherit;clear:left;\">depreciation, right-of-use assets, lease liabilities and tax losses. Deferred tax is recognised for foreign subsidiaries\u2019 </span><span style=\"display:inherit;clear:left;\">undistributed earnings only when related tax effects are probable.</span><span style=\"display:inherit;clear:left;\">Deferred tax assets and liabilities are netted when they are levied by the same taxing authority and Finnair has a </span><span style=\"display:inherit;clear:left;\">legally enforceable right to set off the balances.  </span><span style=\"display:inherit;clear:left;\">Global minimum tax framework (Pillar Two)</span><span style=\"display:inherit;clear:left;\">The OECD introduced Global Anti-Base Erosion (GloBE) Rules rules for a new global minimum tax framework </span><span style=\"display:inherit;clear:left;\">(Pillar Two) at the end of 2021 and in December 2022, the EU Minimum Tax Directive (Pillar Two) was entered into </span><span style=\"display:inherit;clear:left;\">force. The EU Directive is set to implement a global minimum tax rate of 15% for multinational enterprises and </span><span style=\"display:inherit;clear:left;\">large-scale domestic groups and it is applicable within EU starting from 2024. To provide transitional relief for </span><span style=\"display:inherit;clear:left;\">Pillar Two tax compliance and administrative burden, the OECD has introduced a Framework for Transitional </span><span style=\"display:inherit;clear:left;\">Safe CbCR Safe Harbours applicable for Transition Period covering fiscal years 2024\u20132026.</span><span style=\"display:inherit;clear:left;\">Finnair has taken measures for assessing its potential exposure to Pillar Two rules and based on its initial </span><span style=\"display:inherit;clear:left;\">assessment it does not anticipate material top-up tax adjustments during the transitional period 2024\u20132026. </span><span style=\"display:inherit;clear:left;\">Finnair will monitor the development of regulatory updates, as OECD is expected to publish additional guidance</span><span style=\"display:inherit;clear:left;\">and details concerning for example aviation industry, permanent safe harbours frameworks and Qualified </span><span style=\"display:inherit;clear:left;\">Domestic Minimum Tax Regimes.</span><span style=\"display:inherit;clear:left;\">Income taxes</span><span style=\"display:inherit;clear:left;\">The reconciliation of income taxes to theoretical tax cost calculated at Finnish tax rate</span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Result before taxes<span class=\"_ _38a\"> </span><span class=\"ws0\">119.1<span class=\"_ _204\"> </span>-370.7</span></span><span style=\"display:inherit;clear:left;\">Taxes calculated using the Finnish tax rate 20%<span class=\"_ _38b\"> </span><span class=\"ws0\">-23.8<span class=\"_ _2d1\"> </span>74.1</span></span><span style=\"display:inherit;clear:left;\">Different tax rates of foreign subsidiaries<span class=\"_ _38c\"> </span><span class=\"ws0\">0.1<span class=\"_ _50\"> </span>0.1</span></span><span style=\"display:inherit;clear:left;\">Tax-exempt income<span class=\"_ _38d\"> </span><span class=\"ws0\">0.4<span class=\"_ _56\"> </span>0.4</span></span><span style=\"display:inherit;clear:left;\">Non-deductible expenses<span class=\"_ _31d\"> </span><span class=\"ws0\">3.2<span class=\"_ _10b\"> </span>-3.9</span></span><span style=\"display:inherit;clear:left;\">Non-capitalized tax loss carryforwards<span class=\"_ _38e\"> </span><span class=\"ws0\">-<span class=\"_ _bf\"> </span>-33.9</span></span><span style=\"display:inherit;clear:left;\">Non-capitalized temporary differences<span class=\"_ _38c\"> </span><span class=\"ws0\">-3.3<span class=\"_ _2ea\"> </span>-25.2</span></span><span style=\"display:inherit;clear:left;\">Write-down of deferred tax on taxable losses 2020-2021<span class=\"_ _350\"> </span><span class=\"ws0\">-<span class=\"_ _c1\"> </span>-117.0</span></span><span style=\"display:inherit;clear:left;\">Re-recognized deferred tax on taxable losses 2020-2021<span class=\"_ _342\"> </span><span class=\"ws0\">117.0<span class=\"_ _2e1\"> </span>-</span></span><span style=\"display:inherit;clear:left;\">Recognized temporary differences in taxation 2022<span class=\"_ _38f\"> </span><span class=\"ws0\">13.9<span class=\"_ _2e1\"> </span>-</span></span><span style=\"display:inherit;clear:left;\">Recognized deferred tax on taxable loss 2022<span class=\"_ _390\"> </span><span class=\"ws0\">27.7<span class=\"_ _2e1\"> </span>-</span></span><span style=\"display:inherit;clear:left;\">Adjustments recognised for taxes of prior periods<span class=\"_ _21b\"> </span><span class=\"ws0\">0.0<span class=\"_ _182\"> </span>0.0</span></span><span style=\"display:inherit;clear:left;\">Income taxes total<span class=\"_ _391\"> </span><span class=\"ws0\">135.2<span class=\"_ _189\"> </span>-105.4</span></span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _2a\"> </span><span class=\"ws0\">2023<span class=\"_ _59\"> </span>2022</span></span><span style=\"display:inherit;clear:left;\">Taxes for the financial year</span><span style=\"display:inherit;clear:left;\">Current tax<span class=\"_ _388\"> </span><span class=\"ws0\">-0.1<span class=\"_ _2e1\"> </span>-</span></span><span style=\"display:inherit;clear:left;\">Adjustments recognised for current tax of prior periods<span class=\"_ _1a5\"> </span><span class=\"ws0\">-<span class=\"_ _2e1\"> </span>-</span></span><span style=\"display:inherit;clear:left;\">Deferred taxes<span class=\"_ _291\"> </span><span class=\"ws0\">135.3<span class=\"_ _22a\"> </span>-105.4</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _389\"> </span>135.2<span class=\"_ _189\"> </span>-105.4</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-1593-3": {
   "value": "<span style=\"display:inherit;clear:left;\">5.1 Income taxes</span><span style=\"display:inherit;clear:left;\">  The tax expense for the period includes current and deferred tax and adjustments to previous years\u2019 taxation. Tax </span><span style=\"display:inherit;clear:left;\">is  <span class=\"_ _0\"></span>recognised in the income statement, except to the extent that it relates to items recognised in other comprehensive </span><span style=\"display:inherit;clear:left;\">income or other equity items.</span><span style=\"display:inherit;clear:left;\">Deferred taxes are calculated for temporary differences between accounting and taxation using the valid tax </span><span style=\"display:inherit;clear:left;\">rates for future years at the closing date. Deferred tax asset is recognised to the extent that realisation of the related </span><span style=\"display:inherit;clear:left;\">tax benefit through future profits is probable. Temporary differences arise mainly from sales of tangible assets and </span><span style=\"display:inherit;clear:left;\">depreciation, right-of-use assets, lease liabilities and tax losses. Deferred tax is recognised for foreign subsidiaries\u2019 </span><span style=\"display:inherit;clear:left;\">undistributed earnings only when related tax effects are probable.</span><span style=\"display:inherit;clear:left;\">Deferred tax assets and liabilities are netted when they are levied by the same taxing authority and Finnair has a </span><span style=\"display:inherit;clear:left;\">legally enforceable right to set off the balances.  </span><span style=\"display:inherit;clear:left;\">  Deferred taxes</span><span style=\"display:inherit;clear:left;\">Recognition of deferred tax asset is based on management estimates and require the use of management </span><span style=\"display:inherit;clear:left;\">judgement in order to assess whether there will be sufficient taxable profits flowing to the company in the future. </span><span style=\"display:inherit;clear:left;\">The expectations used in the calculation are based on the latest management forecast at the reporting date and </span><span style=\"display:inherit;clear:left;\">use assumptions that are consistent with those used elsewhere in the financial statements. The level of uncertainty </span><span style=\"display:inherit;clear:left;\">in Finnair\u2019s operating environment has decreased significantly during 2023 as a result of the improved business </span><span style=\"display:inherit;clear:left;\">conditions and the successful execution of the new strategy. This has resulted in significant increase in passenger </span><span style=\"display:inherit;clear:left;\">revenue and profitability, on top of which the management\u2019s profitability outlook has improved. Although the closure </span><span style=\"display:inherit;clear:left;\">of Russian airspace is expected to affect the routings and operating costs of Finnair flights to Asia for a longer time, </span><span style=\"display:inherit;clear:left;\">the management estimated in connection with its strategy update made in the second quarter of 2023 that Finnair </span><span style=\"display:inherit;clear:left;\">will reach comparable operating profit margin target of 6 per cent by the end of 2025. As a result of the normalization </span><span style=\"display:inherit;clear:left;\">of the business environment, Finnair\u2019s management has prepared a single forecast scenario in connection with the </span><span style=\"display:inherit;clear:left;\">preparation of the consolidated financial statements as opposed to the multiple scenarios used in the prior year </span><span style=\"display:inherit;clear:left;\">financial statements. In financial year 2022, deferred tax asset was written down from the taxable losses of 2020-2021, </span><span style=\"display:inherit;clear:left;\">and deferred tax asset from the 2022 loss was not recognized. In financial year 2023, deferred tax asset written down </span><span style=\"display:inherit;clear:left;\">in the previous financial year was fully re-recognised and a major part of deferred tax asset for taxable loss of 2022 </span><span style=\"display:inherit;clear:left;\">was recognised in the balance sheet. Finnair expects to be able to use the tax losses remaining on balance sheet in </span><span style=\"display:inherit;clear:left;\">advance of 10 years expiry date.  </span><span style=\"display:inherit;clear:left;\">Distributing retained earnings of foreign subsidiaries as dividends would cause a tax effect of 0.4 million euros (0.3).</span><span style=\"display:inherit;clear:left;\">Deferred tax assets and liabilities</span><span style=\"display:inherit;clear:left;\">The Group has evaluated the nature and classification of deferred tax assets. Based on the evaluation, </span><span style=\"display:inherit;clear:left;\">deferred tax assets and liabilities levied by the same taxing authority met the requirements for offset eligibility in </span><span style=\"display:inherit;clear:left;\">accordance with IAS 12 standard. The deferred tax assets and liabilities are shown net on the balance sheet.</span><span style=\"display:inherit;clear:left;\">Changes in deferred taxes during 2023:</span><span style=\"display:inherit;clear:left;\">* The deferred tax asset (145 million euros) related to confirmed losses recognised in the income statement during the reporting </span><span style=\"display:inherit;clear:left;\">period is offset against the deduction of the deferred tax asset recognised against taxable profit for the reporting period (29 </span><span style=\"display:inherit;clear:left;\">million euros). In addition, the deferred tax asset related to confirmed losses was recognized in equity for capital loan costs (9.8 </span><span style=\"display:inherit;clear:left;\">million euros).</span><span style=\"display:inherit;clear:left;\">** The amendment to IAS 12 applicable from 1 January 2023 requires that a separate deferred tax asset and deferred tax </span><span style=\"display:inherit;clear:left;\">liability are recognised related to lease agreements and aircraft presented as owned in Finnair\u2019s accounting and financed </span><span style=\"display:inherit;clear:left;\">by the JOLCO loans and export credit support, when the temporary differences arising on the initial recognition of an asset </span><span style=\"display:inherit;clear:left;\">and a liability are equal. The comparison period has been adjusted accordingly. The amendment has no effect on Finnair\u2019s </span><span style=\"display:inherit;clear:left;\">consolidated balance sheet, as deferred tax assets and liabilities can be netted.</span><span style=\"display:inherit;clear:left;\">Finnair\u2019s taxable result turned profitable in year 2023 and a part of tax losses for 2020\u20132021 were utilized. </span><span style=\"display:inherit;clear:left;\">Finnair\u2019s management is continuously monitoring the probability of utilizing deferred tax assets and considers </span><span style=\"display:inherit;clear:left;\">both positive and negative evidence in the assessment. Based on the criteria outlined in IAS 12 and the </span><span style=\"display:inherit;clear:left;\">management\u2019s assessment of the Finnair Group\u2019s forecasted future profits and performance, in the financial </span><span style=\"display:inherit;clear:left;\">year 2023 Finnair fully re-recognized to its balance sheet a deferred tax assets of 117 million euros, which </span><span style=\"display:inherit;clear:left;\">was written down in the financial year 2022. In addition, to the extent that the positive evidence supported, a </span><span style=\"display:inherit;clear:left;\">deferred tax asset of 28 million euros was recognized for part of the tax losses accumulated during 2022. The </span><span style=\"display:inherit;clear:left;\">management has concluded at the time of the preparation of the consolidated financial statements, that </span><span style=\"display:inherit;clear:left;\">Finnair\u2019s successful implementation of its renewed strategy and the re-established pattern of profitability as </span><span style=\"display:inherit;clear:left;\">well as the management forecast of future taxable profit provide positive evidence about its ability to utilize the </span><span style=\"display:inherit;clear:left;\">unused tax losses and other deductible temporary differences.</span><span style=\"display:inherit;clear:left;\">Recognised </span><span style=\"display:inherit;clear:left;\">Recognised in </span><span style=\"display:inherit;clear:left;\">in the income </span><span style=\"display:inherit;clear:left;\">shareholders\u2019 </span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _1a9\"> </span><span class=\"ws0\">2022</span></span><span style=\"display:inherit;clear:left;\">statement</span><span style=\"display:inherit;clear:left;\">equity<span class=\"_ _102\"> </span>2023</span><span style=\"display:inherit;clear:left;\">Deferred tax assets</span><span style=\"display:inherit;clear:left;\">Confirmed losses<span class=\"_ _392\"> </span><span class=\"ws0\">93.7<span class=\"_ _42\"> </span></span>116.0 *<span class=\"_ _108\"> </span>9.8 *<span class=\"_ _56\"> </span><span class=\"ws0\">219.5</span></span><span style=\"display:inherit;clear:left;\">Property, plant and equipment**<span class=\"_ _393\"> </span><span class=\"ws0\">60.4<span class=\"_ _2cc\"> </span>-10.4<span class=\"_ _26\"> </span>-<span class=\"_ _108\"> </span>49.9</span></span><span style=\"display:inherit;clear:left;\">Leases**<span class=\"_ _38b\"> </span>279.2<span class=\"_ _f3\"> </span>-53.1<span class=\"_ _26\"> </span>-<span class=\"_ _2d1\"> </span>226.0</span><span style=\"display:inherit;clear:left;\">Valuation of derivatives at fair value<span class=\"_ _394\"> </span><span class=\"ws0\">-<span class=\"_ _26\"> </span>-<span class=\"_ _1e1\"> </span>4.2<span class=\"_ _1e1\"> </span>4.2</span></span><span style=\"display:inherit;clear:left;\">Other temporary differences<span class=\"_ _267\"> </span><span class=\"ws0\">16.9<span class=\"_ _91\"> </span>-6.1<span class=\"_ _cf\"> </span>6.4<span class=\"_ _38\"> </span>17.3</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _2fe\"> </span>450.2<span class=\"_ _2cc\"> </span>46.4<span class=\"_ _50\"> </span>20.5<span class=\"_ _d4\"> </span>517.0</span><span style=\"display:inherit;clear:left;\">Netted from deferred tax liabilities<span class=\"_ _123\"> </span><span class=\"ws0\">-369.6<span class=\"_ _108\"> </span>88.9<span class=\"_ _38\"> </span>-2.3<span class=\"_ _10d\"> </span>-283.0</span></span><span style=\"display:inherit;clear:left;\">Deferred tax assets in balance sheet<span class=\"_ _ac\"> </span><span class=\"ws0\">80.6<span class=\"_ _2c3\"> </span>135.3<span class=\"_ _2bb\"> </span>18.1<span class=\"_ _282\"> </span>234.0</span></span><span style=\"display:inherit;clear:left;\">Recognised </span><span style=\"display:inherit;clear:left;\">Recognised in </span><span style=\"display:inherit;clear:left;\">in the income </span><span style=\"display:inherit;clear:left;\">shareholders\u2019 </span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _169\"> </span><span class=\"ws0\">2022</span></span><span style=\"display:inherit;clear:left;\">statement</span><span style=\"display:inherit;clear:left;\">equity<span class=\"_ _102\"> </span>2023</span><span style=\"display:inherit;clear:left;\">Deferred tax liabilities</span><span style=\"display:inherit;clear:left;\">Defined benefit pension plans<span class=\"_ _395\"> </span><span class=\"ws0\">-24.0<span class=\"_ _4f\"> </span>0.8<span class=\"_ _38\"> </span>-2.3<span class=\"_ _1cf\"> </span>-25.5</span></span><span style=\"display:inherit;clear:left;\">Property, plant and equipment**<span class=\"_ _1e6\"> </span><span class=\"ws0\">-109.2<span class=\"_ _ed\"> </span>32.8<span class=\"_ _26\"> </span>-<span class=\"_ _1cf\"> </span>-76.4</span></span><span style=\"display:inherit;clear:left;\">Leases**<span class=\"_ _a3\"> </span>-236.4<span class=\"_ _168\"> </span>55.3<span class=\"_ _26\"> </span>-<span class=\"_ _1cf\"> </span>-181.1</span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _31e\"> </span>-369.6<span class=\"_ _50\"> </span>88.9<span class=\"_ _152\"> </span>-2.3<span class=\"_ _10a\"> </span>-283.0</span><span style=\"display:inherit;clear:left;\">Netted from deferred tax assets<span class=\"_ _394\"> </span><span class=\"ws0\">369.6<span class=\"_ _297\"> </span>-88.9<span class=\"_ _25b\"> </span>2.3<span class=\"_ _10b\"> </span>283.0</span></span><span style=\"display:inherit;clear:left;\">Deferred tax liabilities in balance sheet<span class=\"_ _153\"> </span><span class=\"ws0\">-<span class=\"_ _26\"> </span>-<span class=\"_ _26\"> </span>-<span class=\"_ _26\"> </span>-</span></span><span style=\"display:inherit;clear:left;\">Changes in deferred taxes during 2022:</span><span style=\"display:inherit;clear:left;\">Finnair has not recognized deferred tax assets related to temporary differences as presented in the table </span><span style=\"display:inherit;clear:left;\">below.</span><span style=\"display:inherit;clear:left;\">Unrecognized deferred taxes:</span><span style=\"display:inherit;clear:left;\">The deferred tax asset is recognized up to the amount where it is probable that future taxable income will be </span><span style=\"display:inherit;clear:left;\">generated against which the temporary difference can be utilized, also taking into account the tax planning </span><span style=\"display:inherit;clear:left;\">methods available to Finnair relating to accumulated tax depreciations. The management\u2019s assessment of the </span><span style=\"display:inherit;clear:left;\">future taxable profit is based on the latest forecast approved by the Board of Directors in connection with the </span><span style=\"display:inherit;clear:left;\">financial statements. The statutory period of limitation relating to confirmed losses is 10 years and the respective </span><span style=\"display:inherit;clear:left;\">deferred tax currently recognized in the balance sheet are expiring in 2030\u20132032.</span><span style=\"display:inherit;clear:left;\">2023<span class=\"_ _35a\"> </span>2022</span><span style=\"display:inherit;clear:left;\">Expiry </span><span style=\"display:inherit;clear:left;\">Gross </span><span style=\"display:inherit;clear:left;\">Expiry </span><span style=\"display:inherit;clear:left;\">Gross </span><span style=\"display:inherit;clear:left;\">EUR mill.</span><span style=\"display:inherit;clear:left;\">year</span><span style=\"display:inherit;clear:left;\">amount<span class=\"_ _39b\"> </span><span class=\"wse5\">Tax effect</span></span><span style=\"display:inherit;clear:left;\">year</span><span style=\"display:inherit;clear:left;\">amount<span class=\"_ _39b\"> </span><span class=\"wse5\">Tax effect</span></span><span style=\"display:inherit;clear:left;\">Tax losses<span class=\"_ _263\"> </span><span class=\"ws0\">2032<span class=\"_ _5a\"> </span>31.1<span class=\"_ _fc\"> </span>6.2<span class=\"_ _110\"> </span>2030\u20132032<span class=\"_ _fb\"> </span>754.4<span class=\"_ _c0\"> </span>150.9</span></span><span style=\"display:inherit;clear:left;\">Leases<span class=\"_ _143\"> </span>-<span class=\"_ _d2\"> </span>-<span class=\"_ _f3\"> </span>-<span class=\"_ _11d\"> </span><span class=\"wse6\">No expiry<span class=\"_ _57\"> </span></span>64.1<span class=\"_ _f1\"> </span>12.8</span><span style=\"display:inherit;clear:left;\">Interest expenses under </span><span style=\"display:inherit;clear:left;\">the limitation of the right to </span><span style=\"display:inherit;clear:left;\">deduct interest<span class=\"_ _4d\"> </span>No expiry<span class=\"_ _e9\"> </span><span class=\"ws0\">73.1<span class=\"_ _57\"> </span>14.6<span class=\"_ _11d\"> </span></span>No expiry<span class=\"_ _b5\"> </span><span class=\"ws0\">56.7<span class=\"_ _39\"> </span>11.3</span></span><span style=\"display:inherit;clear:left;\">Valuation of derivatives at </span><span style=\"display:inherit;clear:left;\">fair value<span class=\"_ _2ef\"> </span><span class=\"ws0\">-<span class=\"_ _d2\"> </span>-<span class=\"_ _f3\"> </span>-<span class=\"_ _11d\"> </span></span>No expiry<span class=\"_ _f1\"> </span><span class=\"ws0\">13.5<span class=\"_ _e1\"> </span>2.7</span></span><span style=\"display:inherit;clear:left;\">Other temporary </span><span style=\"display:inherit;clear:left;\">differences<span class=\"_ _2e9\"> </span>-<span class=\"_ _f3\"> </span>-<span class=\"_ _f3\"> </span>-<span class=\"_ _128\"> </span><span class=\"wse6\">No expiry<span class=\"_ _10a\"> </span></span>5.4<span class=\"_ _30\"> </span>1.1</span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _39c\"> </span>-<span class=\"_ _104\"> </span>104.2<span class=\"_ _189\"> </span>20.8<span class=\"_ _f3\"> </span>-<span class=\"_ _77\"> </span>894.1<span class=\"_ _fa\"> </span>178.8</span><span style=\"display:inherit;clear:left;\">Recognised </span><span style=\"display:inherit;clear:left;\">Recognised in </span><span style=\"display:inherit;clear:left;\">in the income </span><span style=\"display:inherit;clear:left;\">shareholders\u2019 </span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _169\"> </span><span class=\"ws0\">2021</span></span><span style=\"display:inherit;clear:left;\">statement</span><span style=\"display:inherit;clear:left;\">equity<span class=\"_ _102\"> </span>2022</span><span style=\"display:inherit;clear:left;\">Deferred tax assets</span><span style=\"display:inherit;clear:left;\">Confirmed losses<span class=\"_ _25c\"> </span><span class=\"ws0\">216.6<span class=\"_ _30\"> </span>-122.8<span class=\"_ _8e\"> </span>-<span class=\"_ _168\"> </span>93.7</span></span><span style=\"display:inherit;clear:left;\">Property, plant and equipment**<span class=\"_ _194\"> </span><span class=\"ws0\">66.5<span class=\"_ _396\"> </span>-6.1<span class=\"_ _26\"> </span>-<span class=\"_ _d2\"> </span>60.4</span></span><span style=\"display:inherit;clear:left;\">Leases**<span class=\"_ _38b\"> </span>279.2<span class=\"_ _26\"> </span>-<span class=\"_ _8e\"> </span>-<span class=\"_ _2c3\"> </span>279.2</span><span style=\"display:inherit;clear:left;\">Valuation of derivatives at fair value<span class=\"_ _397\"> </span><span class=\"ws0\">0.9<span class=\"_ _26\"> </span>-<span class=\"_ _152\"> </span>-0.9<span class=\"_ _8e\"> </span>-</span></span><span style=\"display:inherit;clear:left;\">Other temporary differences<span class=\"_ _2f9\"> </span><span class=\"ws0\">16.2<span class=\"_ _2bb\"> </span>-3.3<span class=\"_ _e5\"> </span>4.1<span class=\"_ _25\"> </span>16.9</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _4e\"> </span>579.2<span class=\"_ _3c\"> </span>-132.3<span class=\"_ _cf\"> </span>3.2<span class=\"_ _47\"> </span>450.2</span><span style=\"display:inherit;clear:left;\">Netted from deferred tax liabilities<span class=\"_ _ee\"> </span><span class=\"ws0\">-387.4<span class=\"_ _109\"> </span>26.9<span class=\"_ _396\"> </span>-9.1<span class=\"_ _e1\"> </span>-369.6</span></span><span style=\"display:inherit;clear:left;\">Deferred tax assets in balance sheet<span class=\"_ _4d\"> </span><span class=\"ws0\">191.9<span class=\"_ _e1\"> </span>-105.4<span class=\"_ _4c\"> </span>-5.8<span class=\"_ _107\"> </span>80.6</span></span><span style=\"display:inherit;clear:left;\">Recognised </span><span style=\"display:inherit;clear:left;\">Recognised in </span><span style=\"display:inherit;clear:left;\">in the income </span><span style=\"display:inherit;clear:left;\">shareholders\u2019 </span><span style=\"display:inherit;clear:left;\">EUR mill.<span class=\"_ _398\"> </span><span class=\"ws0\">2021</span></span><span style=\"display:inherit;clear:left;\">statement</span><span style=\"display:inherit;clear:left;\">equity<span class=\"_ _102\"> </span>2022</span><span style=\"display:inherit;clear:left;\">Deferred tax liabilities</span><span style=\"display:inherit;clear:left;\">Defined benefit pension plans<span class=\"_ _399\"> </span><span class=\"ws0\">-16.1<span class=\"_ _2b\"> </span>2.2<span class=\"_ _5e\"> </span>-10.0<span class=\"_ _182\"> </span>-24.0</span></span><span style=\"display:inherit;clear:left;\">Property, plant and equipment**<span class=\"_ _1e6\"> </span><span class=\"ws0\">-134.0<span class=\"_ _168\"> </span>24.7<span class=\"_ _8e\"> </span>-<span class=\"_ _47\"> </span>-109.2</span></span><span style=\"display:inherit;clear:left;\">Leases**<span class=\"_ _a3\"> </span>-236.4<span class=\"_ _4f\"> </span>0.0<span class=\"_ _26\"> </span>-<span class=\"_ _10c\"> </span>-236.4</span><span style=\"display:inherit;clear:left;\">Valuation of derivatives at fair value<span class=\"_ _127\"> </span><span class=\"ws0\">-0.9<span class=\"_ _26\"> </span>-<span class=\"_ _4f\"> </span>0.9<span class=\"_ _8e\"> </span>-</span></span><span style=\"display:inherit;clear:left;\">Total<span class=\"_ _39a\"> </span>-387.4<span class=\"_ _f3\"> </span>26.9<span class=\"_ _38\"> </span>-9.1<span class=\"_ _fc\"> </span>-369.6</span><span style=\"display:inherit;clear:left;\">Netted from deferred tax assets<span class=\"_ _393\"> </span><span class=\"ws0\">387.4<span class=\"_ _295\"> </span>-26.9<span class=\"_ _e5\"> </span>9.1<span class=\"_ _10b\"> </span>369.6</span></span><span style=\"display:inherit;clear:left;\">Deferred tax liabilities in balance sheet<span class=\"_ _153\"> </span><span class=\"ws0\">-<span class=\"_ _26\"> </span>-<span class=\"_ _26\"> </span>-<span class=\"_ _26\"> </span>-</span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-1594-4": {
   "value": "<span style=\"display:inherit;clear:left;\">  The tax expense for the period includes current and deferred tax and adjustments to previous years\u2019 taxation. Tax </span><span style=\"display:inherit;clear:left;\">is  <span class=\"_ _0\"></span>recognised in the income statement, except to the extent that it relates to items recognised in other comprehensive </span><span style=\"display:inherit;clear:left;\">income or other equity items.</span><span style=\"display:inherit;clear:left;\">Deferred taxes are calculated for temporary differences between accounting and taxation using the valid tax </span><span style=\"display:inherit;clear:left;\">rates for future years at the closing date. Deferred tax asset is recognised to the extent that realisation of the related </span><span style=\"display:inherit;clear:left;\">tax benefit through future profits is probable. Temporary differences arise mainly from sales of tangible assets and </span><span style=\"display:inherit;clear:left;\">depreciation, right-of-use assets, lease liabilities and tax losses. Deferred tax is recognised for foreign subsidiaries\u2019 </span><span style=\"display:inherit;clear:left;\">undistributed earnings only when related tax effects are probable.</span><span style=\"display:inherit;clear:left;\">Deferred tax assets and liabilities are netted when they are levied by the same taxing authority and Finnair has a </span><span style=\"display:inherit;clear:left;\">legally enforceable right to set off the balances.  </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-1594-5": {
   "value": "<span style=\"display:inherit;clear:left;\">  The tax expense for the period includes current and deferred tax and adjustments to previous years\u2019 taxation. Tax </span><span style=\"display:inherit;clear:left;\">is  <span class=\"_ _0\"></span>recognised in the income statement, except to the extent that it relates to items recognised in other comprehensive </span><span style=\"display:inherit;clear:left;\">income or other equity items.</span><span style=\"display:inherit;clear:left;\">Deferred taxes are calculated for temporary differences between accounting and taxation using the valid tax </span><span style=\"display:inherit;clear:left;\">rates for future years at the closing date. Deferred tax asset is recognised to the extent that realisation of the related </span><span style=\"display:inherit;clear:left;\">tax benefit through future profits is probable. Temporary differences arise mainly from sales of tangible assets and </span><span style=\"display:inherit;clear:left;\">depreciation, right-of-use assets, lease liabilities and tax losses. Deferred tax is recognised for foreign subsidiaries\u2019 </span><span style=\"display:inherit;clear:left;\">undistributed earnings only when related tax effects are probable.</span><span style=\"display:inherit;clear:left;\">Deferred tax assets and liabilities are netted when they are levied by the same taxing authority and Finnair has a </span><span style=\"display:inherit;clear:left;\">legally enforceable right to set off the balances.  </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "pp-value-1700-2": {
   "value": "<span style=\"display:inherit;clear:left;\">5.3 Events after the closing date</span><span style=\"display:inherit;clear:left;\">There were no events after the closing date that would have a material financial impact.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory",
    "language": "en",
    "entity": "scheme:213800SB6EOB8SSK9W63",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  }
 }
}