Barclays starts Finnair with 'underweight' on N.America concerns, labour dispute

Barclays initiates Finnair FIA1S.HE with "underweight", citing caution around labour disruptions and uncertainty of the carrier's North Atlantic growth plans

The Finnish airline's shares are down 6.4%, trading at their lowest levels since mid-February

The planned 53% growth on the North Atlantic this summer is very challenging due to unstable economic outlook and Europe's strained relations with the U.S., Barclays says

The ongoing labour dispute with pilots in Finland will also weigh on unit revenues and unit costs, the broker adds

It also notes Finland's membership in NATO could have repercussions for Finnair's ability to access Russian overflight rights in the future

It expects consensus to fall and the share price to follow in 2025, setting its PT to EUR 2.80 vs Thursday's closing price of EUR 3.01

Out of five analysts that cover Finnair, ​one rates the stock "buy",​​ one "hold" and three​ "strong sell" or "sell"