Finnair Group reports turnaround in 2Q2017

Finnair Group reported (20-Jul-2017) the following financial highlights:

• Three months ended 30-Jun-2017:
  • Total revenue: EUR633.4 million, +11.2% year-on-year;
    • Passenger: EUR509.2 million, +11.1%;
    • Cargo: EUR49.4 million, +16.1%;
    • Ancillary and retail: EUR36.2 million, +19.6%;
  • Operating costs: EUR614.7 million, +5.2%;
    • Fuel: EUR114.4 million, -9.4%;
    • Labour: EUR106.9 million, +14.9%;
  • Operating profit: EUR37.5 million, compared to a profit of EUR3.2 million in p-c-p;
  • Net profit: EUR66.8 million, compared to a loss of EUR1.1 million in p-c-p;
  • Passengers: 3.1 million, +10.5%;
  • Passenger load factor: 83.7%, +6.3ppts;
  • Passenger yield: EUR 6.69 cents, -3.8%;
  • Revenue per ASK: EUR 6.96 cents, +4.1%;
  • Cost per ASK: EUR 6.55 cents, -1.6%;
  • Cost per ASK excl fuel: EUR 5.29 cents, +2.4%;
  • Cargo: 40,324 tonnes, +6.0%;
• Six months ended 30-Jun-2017:
  • Total revenue: EUR1188 million, +7.4%;
    • Passenger: EUR931.8 million, +8.1%;
    • Cargo: EUR88.6 million, +7.8%;
    • Ancillary and retail: EUR70.0 million, +16.8%;
  • Operating costs: EUR1198 million, +3.5%;
    • Fuel: EUR226.0 million, -8.9%;
    • Labour: EUR197.4 million, +6.8%;
  • Operating profit: EUR28.5 million, compared to a loss of EUR12.2 million in p-c-p;
  • Net profit: EUR58.8 million, compared to a loss of EUR16.1 million in p-c-p;
  • Passengers: 5.7 million, +7.5%;
  • Passenger load factor: 82.6%, +4.5ppts;
  • Passenger yield: EUR 6.55 cents, -1.4%;
  • Revenue per ASK: EUR 6.90 cents, +3.7%;
  • Cost per ASK: EUR 6.73 cents, +0.1%;
  • Cost per ASK excl fuel: EUR 5.42 cents, +3.6%;
  • Cargo: 72,311, +1.9%;
  • Total assets: EUR2754 million;
  • Cash and cash equivalents: EUR117.1 million;
  • Total liabilities: EUR1897 million. [more - original PR]