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Barclays cuts Finnair to 'underweight' as 'Asian boom' ends

BUZZ-Barclays cuts Finnair to 'underweight' as 'Asian boom' ends

** Barclays downgrades Finnish airline Finnair FIA1S.HE to "underweight" from "equal weight" as the brokerage expects the current "Asian boom" in unit revenues to end

** Broker notes the airline currently benefits from high capacity on Asian routes due to reduced competition from Gulf carriers operating below normal flight levels

** "We expect the rebuilt capacity of the Gulf carriers to be marketed aggressively in the near future," Barclays says

** Brokerage's expected relaunch of fare sales by Gulf airlines will cause Finnair's elevated Asian unit revenues to normalise and then fall below average levels later in the year

** One out of five analysts covering the stock rates it "hold" and four rate it "sell" - LSEG data


(Reporting by Vera Dvorakova)

((vera.dvorakova@thomsonreuters.com))

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