Finnair Group reports strong third quarter operating results

Finnair Group reported third quarter 2017 revenue increased by 14.7% to €735.4m, compared to €640.9m in 2016. Available seat kilometres (ASK) grew by 11.1%. Comparable operating result was €147.5m, compared to €53.3m in 2016. Operating result was €122.2m, compared to €115.5m in 2016. Comparable EBITDAR for the third quarter was €188.9m, compared to €118.3m the previous year. Finnair estimates that in 2017 its capacity will grow approximately 9%, weighted strongly towards the second half of the year. Full-year revenue is expected to grow approximately in line with capacity. Finnair expects its comparable operating result for 2017 to be in the range of €135-155m (2016: €55m), if current fuel prices and exchange rates prevail and assuming no material changes in business environment.