Finnair reports first quarter profitable result

For the first time in ten years Finnair has achieved a profitable comparable operating result in the first quarter.

Revenue for the first quarter increased by 14.6% to €635.3m, compared to €554.4 in the first quarter 2017. Available seat kilometres (ASK) grew by 18.9% and passenger load factor (PLF) increased by 1.5 points to 82.9%.
Comparable operating result was €3.9m compared to €-9.0m in 2017. Operating result was €6.0m, compared to €-10.0m in the first quarter 2017.

Net cash flow from operating activities was €78.0m, compared to €23.9m in 2017 and net cash flow from investing activities was €-53.9m, compared to €145.1 the previous year.

Unit revenue (RASK) decreased by 3.6%. Unit revenue at constant currency decreased by 1.7%. Unit cost (CASK) decreased by 5.8%, and unit cost at constant currency excluding fuel decreased by 4.5%.

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