Finnair Group results improve, in the black in 2015

Finnair Group revenue up 6% - financial highlights:

• Three months ended 31-Dec-2015:
• • Revenue: EUR585.5 million, +5.9% year-on-year;
  • • Ancillary services: EUR28.4 million, +41.5%;
  • Operating costs:
  • • Fuel: EUR135.1 million, -13.5%;
    • Labour: EUR97.3 million, +17.9%;
  • Operating profit: EUR0.8 million, compared to a loss of EUR9.3 million in p-c-p;
  • Net profit: EUR66.5 million, compared to a loss of EUR47.1 million in p-c-p;
  • Passenger numbers: 2.5 million, +11.4%;
  • Passenger load factor: 78.2%, +0.6 ppt;
  • Revenue per ASK: EUR 6.30 cents, +0.2%;
  • Yield: EUR 6.88 cents, +1.5%;
  • Cost per ASK: EUR 6.50 cents, -2.7%;
  • Cost per ASK excl fuel: EUR 4.81 cents, +3.6%;
  • Cargo volume: 35,306 tonnes, -3.9%;
• 12 months ended 31-Dec-2015:
• • Revenue: EUR2324 million, +1.7%;
  • • Ancillary services: EUR104.6 million, +32.1%;
  • Operating costs:
  • • Fuel: EUR595.5 million, -9.8%;
    • Labour: EUR353.2 million, +2.5%;
  • Operating profit: EUR23.7 million, compared to a loss of EUR36.5 million in p-c-p;
  • Net profit: EUR89.7 million, compared to a loss of EUR82.5 million in p-c-p;
  • Passenger numbers: 10.3 million, +6.9%;
  • Passenger load factor: 80.4%, +0.2 ppt;
  • Revenue per ASK: EUR 6.35 cents, +2.0%;
  • Yield: EUR 6.85 cents, +2.9%;
  • Cost per ASK: EUR 6.52 cents, -0.2%;
  • Cost per ASK excl fuel: EUR 4.67 cents, +3.9%;
  • Cargo volume: 130,697 tonnes, -12.4%;
  • Total assets: EUR2050 million;
  • Cash and cash equivalents: EUR280.5 million;
  • Total liabilities: EUR1323 million. [more - original PR]

Finnair Group: "Despite of the demand outlook for passenger and cargo traffic in Finnair's main markets involving renewed uncertainty, Finnair estimates that, in 2016, its capacity and revenue will grow. The lower price of jet fuel supports Finnair's financial performance in 2016. In accordance with its disclosure policy, Finnair will issue guidance for its expected full-year operational result in connection with the January-June interim report." Source: Company statement, 10-Feb-2016.