Finnair posts full-year 2019 results

Finnair ©AirTeamImages

Finnair’s full-year 2019 revenue increased by 9.2% to €3,097.7 million (2,836.1), while unit revenue (RASK) decreased by 1.9%. Unit revenue at constant currency decreased by 2.4% and unit cost (CASK) increased by 0.7%. Unit cost at constant currency excluding fuel decreased by 1.2%.

Fuel costs increased by €106.3 million (+18.3%) of which the impact of fuel price was €42 million. Comparable operating result was €162.8 million (218.4) and operating result was €160.0 million (256.3) compared to full-year 2018.

Net cash flow from operating activities was €564.5 million (503.6), and net cash flow from investing activities was €-513.2 million (-202.6). Number of passengers increased by 10.3% to 14.7 million (13.3). Available seat kilometers (ASK) grew by 11.3%. Passenger load factor (PLF) was 81.7% (-0.1 points). (€1.00 = US$1.09 at time of publication.)

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