Finnair Group releases half-year results

Finnair has released its half-year results from January 1 to June 30, 2019. Revenue increased by 7.8% to €1,466.0 million compared to €1,359.3 for the previous year.  Unit revenue (RASK) decreased by 4.3% and Unit revenue at constant currency decreased by 4.4%.

Fuel costs increased by €53,0 million (+19.4%) of which the impact of fuel price (Fuel price including impact of currencies and hedging) was €19 million.

Operating result was €30.3 million compared to €67.7 million in the first half of 2018. Net cash flow from operating activities was €325.0 million down from €341.1 the previous year and net cash flow from investing activities was €-217.2 million compared to €-91.1 in 2018.

The number of passengers increased by 9.0% while capacity for the first half year grew by 12.7%. The load factor dropped 2.2 points to 80.5%.

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