In the fourth quarter of 2011, Finnair’s turnover increased by 11.7% (12.9%) year on year and totalled €577.4m (516.9). The group’s operational result, excluding non-recurring items, capital gains and changes in the fair value of derivatives and in the value of foreign currency-denominated fleet maintenance reserves, was €-31.6m (-6.7). The operating result was €-30.1m (-4.7). The result before taxes was €-38.2m (-9.6) and the net result €-32.6m (-5.7).
For the full year 2011, the turnover of Finnair Group was €2,257.7m (2 023.3m in 2010). The operational result, which refers to the operating result excluding non-recurring items, capital gains and the change in the fair value of derivatives and in the value of foreign currency denominated fleet maintenance reserves, totalled €-60.9m (-4.7). The operating result amounted to €-87.8m (-13.3). The result before taxes was €-111.5m (-33.0) and the net result was €-87.5m (-22.8).
