Finnair reports second quarter results

Finnair reported that revenues for the 2nd quarter increased by 11.2% year-on-year to €633.4m compared to €569.6m in the previous year. Available seat kilometres (ASK) grew by 6.8% and comparable operating result was €37.5m compared to €3.2m in the second quarter 2016. Operating result was €89.1m including i.a. sales gain on an A350 aircraft.
Comparable EBITDAR was €103.2m compared to €56.3m in 2016. Net cash flow from operating activities amounted to €162.2m compared to €119.6m the previous year, and net cash flow from investing activities to €-136.5m compared to €-149.0 the previous year.
Unit revenue (RASK) increased by 4.1% year-on-year.
Unit cost (CASK) decreased by 1.6% and unit cost at constant currency excluding fuel increased by 3.1% year-€on-year. Ancillary and retail revenue per passenger grew by 8.2% year-on-year to €11.8.