Finnair reports profit in 4Q2012, pax numbers up 9%

Finnair reports (08-Feb-2013) the following consolidated financial highlights:

• 3 months ended Dec-2012:
  • Turnover: EUR612.9 million, +6.1% year-on-year;
    • Airline: EUR542.3 million, +9.2%;
  • Operating expenses: EUR615.7 million, +0.4%;
    • Fuel: EUR165.2 million, +12.8%;
  • EBIT: EUR2.7 million, compared to a loss of EUR30.1 million in p-c-p;
    • Airline: EUR6.2 million, compared to a loss of EUR17 million in p-c-p;
  • Net profit: EUR1.2 million, compared to a loss of EUR32.6 million in p-c-p;
  • Passenger numbers: 2.1 million, +8.8%;
  • Passenger load factor: 75.2%, +4.0 ppts;
  • Yield: EUR7.20 cents, -3.2%;
  • CASK excluding fuel: EUR4.47 cents, -8.6%;
  • Cargo volume: 36,047 tonnes, -5.2%;
• 12 months ended Dec-2012:
  • Turnover: EUR2449.4 million, +8.5%;
    • Airline: EUR2187 million, +11%;
  • Operating expenses: EUR2427 million, +3.9%;
    • Fuel: EUR670.3 million, +20.7%;
  • EBIT: EUR35.5 million, compared to a loss of EUR87.8 million in p-c-p;
    • Airline: EUR31.9 million, compared to a loss EUR55.5 million in p-c-p;
  • Net profit: EUR11.5 million, compared to a loss of EUR87.7 million in p-c-p;
  • Passenger numbers: 8.8 million, +9.5%;
  • Passenger load factor: 77.6%, +4.3 ppts;
  • Yield: EUR7.30 cents, +0.9%;
  • CASK excluding fuel: EUR4.50 cents, -3.6%;
  • Cargo volume: 148,132 tonnes, +1.5%. [more - original PR]

Finnair: "The uncertain economic outlook in Europe, together with weakened consumer demand and slower growth in Asia, make it difficult to assess how air traffic will continue to develop. Fuel costs are expected to remain high in 2013 as well, and the demand for air traffic is estimated to grow in moderation. Finnair estimates that its turnover will grow in 2013. The airline unit costs excluding fuel (CASK excl. fuel) are expected to decrease compared with 2012, and operational result is expected to show a profit in 2013." Source: Company statement, 08-Feb-2013