Finnair Group operating profit more than doubles in 3Q2015, expects break-even in FY

Finnair Group revenue up 2% - financial highlights for three months ended 30-Sep-2015:

• Revenue: EUR637.1 million, +2.3% year-on-year;
• Costs:
• • Fuel: EUR153.4 million, -13.4%;
  • Labour: EUR78.5 million, -8.5%;
• Operating profit: EUR64.2 million, +140%;
• Net profit: EUR39.0 million, +135%;
• Passenger numbers: 2.9 million, +8.7%;
• Passenger load factor: 85.8%, +1.3 ppt;
• Passenger yield: EUR 6.92 cents, +4.3%;
• Revenue per ASK: EUR 6.73 cents, +4.0%;
• Cost per ASK: EUR 6.12 cents, -2.5%;
• Cost per ASK excl fuel: EUR 4.31 cents, +2.1%;
• Cargo volume: 33,487 tonnes, -13.5%;
• Cargo yield: EUR 20.39 cents, -13.5%;
• Total assets: EUR1956 million;
• Cash and cash equivalents: EUR187.7 million;
• Total liabilities: EUR1398 million. [more - original PR]

Finnair: "Finnair estimates that, in 2015, its operational result is around break-even or slightly positive. Finnair reiterates its previous estimate that its capacity measured in Available Seat Kilometres will grow by approximately 3 per cent and that its revenue will remain approximately at the 2014 level. As a change to its previous estimate, the company now estimates that its 2015 unit costs excluding fuel at constant currency will remain at the 2014 level." Source: Company statement, 30-Oct-2015.