November 25, 2024 12:54 GMT
TRANSPORTATION: Finnair; pilots strike causing cancellations on 9th & 13th Dec
TRANSPORTATION
(FOY; NR/BB+ S)
140 flights cancelled on 9th Dec, 150 on the 13th Dec; see here
new TUI cruises 30s and Air Portugal 29s are fast catching up to Finnair 29s. We would caution attempting to fight that move - market sentiment is positive for 4Q and Finnair seems low beta to the good news (based on guidance and now above). Majority govvie owned and a relatively clean BS is why we have seen value for carry investors in the past - please note the size of co and tail risk in bordering Russia when sizing risk.
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