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Accident risk

Accident risks can be divided into two main categories: risks that threaten flight safety and risks that threaten corporate security . Accident risk management work is coordinated by the flight safety and corporate security departments. In Finnair the focus of accident risk management has been on managing risks to the security of flights, individuals and data. Other accident risk subareas are property, environment, product, liability and loss of business risks.

The exceptional events of recent years have led to greater attention to international security norms as well as to stricter legislation and security regulations, all of which have an effect of costs. Indeed, increased flight insurance costs have had a considerable impact.

In its operations the company must take into account the possibility of various environmental risks. The effect of Finnair's operations on energy consumption, emissions and noise values is monitored activity by the company. Every year Finnair publishes a separate Environmental Report, which includes measures and key figures for the assessment of environmental efficiency.

 


Risk Management in Finnair


Operating environment risks


Epidemics require preparation


Finnair will defend its operating rights


Market risk


Reliability of flight operations


Information technology risk


Accident risk


Principles of Financial Risk Management


Foreign exhange risk


Fuel price risk in flight operations


Interest rate risk


Credit risk


Liquidity risk