Finnair Group posts best Q3 in its history

Finnair Plc (HEX: FIA1S) CEO Pekka Vauramo said that Finnair´s operational result in its seasonally strongest third quarter reached EUR64.2 million, which is the best quarterly result Finnair has ever posted.

Revenue amounted to EUR637 million, which represents a year-on-year increase of two percent.

Factors contributing to this result include an increased load factor and higher ticket revenue in our core business, passenger traffic, as well as brisk sales of ancillary services, Vauramo said.

The profitability of passenger traffic improved year-on-year in all traffic areas except domestic flights, which are still loss-making on several routes. This is something we cannot be satisfied with, and we must adjust our capacity to better correspond with demand.

Finnair estimates that, in 2015, its operational result is around break-even or slightly positive, reiterating its Available Seat Kilometres will grow by approximately three percent and that its revenue will remain approximately at the 2014 level.

Helsinki, Finland-based Finnair is a network airline specialising in passenger and cargo traffic between Asia and Europe.