My Account Menu

CAPA Login


Register to trial CAPA Membership!

Finnair Group revenue down 6.6% 1Q2010

29-Apr-2010 1:34 PM

Finnair Group revenue down 6.6% - financial highlights for the three months ended 31-Mar-2010:

  • Revenue: EUR481.5 million, -6.6% year-on-year;
    • Airline Business: EUR403.2 million, -5.3%;
  • Operating costs: EUR511.1 million, -9.9%;
    • Labour: EUR111.9 million, -17.2%;
    • Fuel: EUR105.3 million, -20.1%;
  • Operating profit (loss)*: (EUR26.3 million), compared with a loss of EUR47.5 million in the previous corresponding period;
    • Airline Business: (EUR24.6 million), compared with a loss of EUR44 million in the previous corresponding period;
  • Profit (loss) before tax: (EUR29.4 million), compared with a loss of EUR25 million in the previous corresponding period;
  • Net profit (loss): (EUR21.7 million), compared with loss of EUR18.6 million in the previous corresponding period;
  • Passenger traffic (RPKs): -11.5%;
  • Passenger load factor: 80.0%, +4.9 ppts;
  • Passenger yield per RPK: -2.3%;
  • Cargo yield per FTK: -3.1%;
  • Unit costs per RTK: -10.6%;
  • United costs excl fuel: -6.5%. [more]

*Excluding capital gains and fair value changes of derivatives and non-recurring items

Finnair: “Due to controlled growth of capacity, passenger load factors are expected to return to a good level in the second half of the year. Finnair’s passenger traffic capacity for the whole year is expected to remain at last year’s level. The level of passenger kilometres in scheduled traffic is expected to grow and leisure flight performance to fall. Finnair's scheduled traffic is adversely affected by low unit revenue, but the passenger load factors of aircraft are expected to remain at a good level,” Company statement. Source: Finnair, 28-Apr-2010.