A fin-tube heat exchanger has a plurality of fins (3) arranged parallel to and spaced from each other at a predetermined gap, and a plurality of heat transfer tubes (2) penetrating the fins (3). In each of the fins (3), a first cut-and-raised portion (5a), a second cut-and-raised portion (5b), and a third cut-and-raised portion (5c) are formed in that order by cutting and raising a portion of the each of the fins so as to turn it over from an upstream side to a downstream side. The horizontal cross-sectional shape of each of the first cut-and-raised portion (5a), the second cut-and-raised portion (5b), and the third cut-and-raised portion (5c) is formed in a semicircular shape and curved so as to taper toward the upstream side.