Finnair Investor Presentation — July 2021

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Cost adjustment and financing measures

continued, demand expected to increase gradually in the fall

Topi Manner, FinnairQ2: Weprepared for traffic

•Travel started in Europe during Q2, Finland will

gradually follow in Q3

•Aircraft back to Helsinki, crew eligibility trainings continued

•~ 70 flights per day , passenger numbers rose slightly

•Customer satisfaction still high: NPS 45

•Joint business with Juneyao Air on Shanghai route

•Ticket renewal offers more choice for customers: Light,

Classic and Flex in both travel classes

3Q2 result as expected, cargo had a positive impact

•Strong cargo performance continued,

share still more than half of the revenue

•Expense management was successful, increased volume impacted costs slightly

•Financial expenses decreased from Q12021 mainly due to exchange rate

fluctuations of USD -denominated

•Financial expenses also decreased from

Q22020, as the comparison period was

impacted by fuel and currency hedges, which were reclassified to the income statement

4 Comparable figures where applicable.Income statement, M€ Q2 2021 Q1 2021 Q2 2020

Other operating income 8 9 11

Operating expenses excl. depreciation and impairment -190 -183 -169

Depreciation and impairment -81 -82 -85

Comparable operating result -151 -143 -174

Items affecting comparability 12 -6 3

Operating result -139 -149 -171

Financial income and expenses -11 -33 -44

Result before taxes -150 -182 -215

Income taxes 30 36 43

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