"Our revenue has decreased significantly due to the Covid-19 pandemic, and some of the main factors driving that decline appear to be persisting longer than initially expected," Chief Executive Topi Manner said in a statement.
Australia's Qantas said earlier on Tuesday it planned to cut up to 2,500 jobs, while airlines
including Lufthansa and British Airways have also announced thousands of layoffs.
"The immediate positive cash effect for Finnair is in excess of 100 million euros," the company said, while adding it would have no major impact on operating results.
It raised 501 million euros last month from a rights issue and has also received state and bank guarantees for a 600 million euro loan.
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