Finnair reports 3rd-quarter results

Finnair third-quarter operational result declined to €26.7m – product upgrades announced and savings agreements negotiated during the period will have an effect on the result from 2015 onwards. Turnover declined by 2.2% year-on-year to €622.7m (636.9). The operational result was €26.7m (43.0). Net cash flow from operating activities stood at €-8.9m (38.7), and cash flow from investments totalled €-15.1m (-85.3).  Unit cost per available seat kilometre excluding fuel (CASK excl. fuel) decreased by 0.4% from the previous year’s level. Finnair estimates its turnover in 2014 to be significantly lower than in 2013 and its 2014 operating result to show a significant loss.