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12-Feb-2015 9:24 AM

Finnair Group in the red at the end of 2014

Finnair Group revenue down 1% - financial highlights:

  • Three months ended 31-Dec-2014:
    • Revenue: EUR552.7 million, -1.4% year-on-year;
    • Operating costs:
      • Fuel: EUR156.1 million, -4.7%;
      • Labour: EUR82.5 million, -12.%;
    • Operating profit (loss): (EUR41.4 million), compared to a loss of EUR7.9 million in p-c-p;
    • Net profit (loss): (EUR47.0 million), compared to a loss of EUR6.4 million in p-c-p;
    • Passenger numbers: 2.3 million, +5.8%;
    • Passenger load factor: 77.7%, +2.3 ppts;
    • Revenue per ASK: EUR 6.22 cents, +2.8%;
    • Yield: EUR 6.77 cents, -1.6%;
    • Cost per ASK: EUR 6.54 cents, -1.7%;
    • Cost per ASK excl fuel: EUR 4.49 cents, -1.1%;
  • 12 months ended 31-Dec-2014:
    • Revenue: EUR2285 million, -4.8%;
    • Operating costs: EUR
      • Fuel: EUR660.4 million, -4.3%;
      • Labour: EUR344.5 million, -9.6%;
    • Operating profit (loss): (EUR72.5 million), compared to a profit of EUR7.9 million in p-c-p;
    • Net profit (loss): (EUR82.7 million), compared to a profit of EUR22.6 million in p-c-p;
    • Passenger numbers: 9.6 million, +3.9%;
    • Passenger load factor: 80.2%, +0.7 ppt;
    • Revenue per ASK: EUR 6.10 cents, -2.2%;
    • Yield: EUR 6.59 cents, -4.0%;
    • Cost per ASK: EUR 6.37 cents, -1.6%;
    • Cost per ASK excl fuel: EUR 4.31 cents, -1.1%;
    • Total assets: EUR1885 million;
    • Cash and cash equivalents: EUR93.4 million;
    • Total liabilities: EUR1371 million. [more - original PR]

Finnair Group: "The demand outlook for passenger and cargo traffic in Finnair's main markets still involves uncertainty. Finnair estimates that in 2015 its capacity measured in Available Seat Kilometres will grow by approximately 3 per cent and that its revenue will remain at the 2014 level. Finnair further estimates that, in 2015, its unit costs excluding fuel will decrease from 2014 level." Source: Company statement, 11-Feb-2015.

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