Finnair has slightly revised its full-year guidance for 2023, expecting an operational profit of €150 to €200 million and revenues of between €2.9 and €3.1 billion. This compares to the July guidance of a net profit of €160 to €210 million and revenues of €3.098 billion. The update is mainly based on expected higher fuel costs during the final quarter, the airline said on October 24 in its Q3 earnings release.
Finnair looks back on a good summer quarter with strong growth and profitability. The carrier reports a net profit of €52.5 million compared to a €-37.2 million loss in the same period of last year. Revenues totaled €817.3 million, up from €719.2 million. Net cash flow from operating activities was €95.5 million.
Three million passengers, of which one million just in July, generated €673.1 million in revenues, up from €553.9 million. Ancillary revenues were slightly better to €37.9 million from €36.3 million. Cargo contributed less, with €40.8 million in revenues versus €73.4 million. Finnair’s travel service Aurinkomatkat performed better and generated €65.6 million in revenues, up from €55.5 million. Unit revenues were up by 1.6 percent to €8.75 cents, thanks to a higher load factor (80.9 percent) and yields.
