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Investing.com -- Finnair on Thursday reported a third-quarter comparable operating profit of €50.7 million, down from €71.5 million a year earlier, as industrial action negatively impacted results by approximately €18 million.
The Finnish carrier saw its revenue increase by 2.0% to €834.9 million in the July-September period, while passenger numbers rose slightly by 0.2% to 3.3 million. Available seat kilometers increased by 2.7% to 10,473.7 million kilometers, with the passenger load factor improving by 0.2 percentage points to 79.8%.
For the first nine months of 2025, Finnair posted a comparable operating loss of €1.5 million, compared to a profit of €103.5 million in the same period last year. The company said industrial action had a direct negative impact of around €68 million on the comparable operating result during this period.
"The third quarter marked Finnair’s return to normal, reliable operations as the industrial action, which had caused flight cancellations in the first half of year, ended at the beginning of the quarter," said CEO Turkka Kuusisto.
Finnair has lowered its guidance for 2025, now expecting a comparable operating result between €30-60 million, down from the previous range of €30-130 million. The company also reduced its capacity and revenue forecasts, citing weak demand in North Atlantic traffic, indirect effects of industrial action, unplanned aircraft maintenance needs, and fuel price developments.
The airline now plans to increase its total capacity by approximately 2% in 2025 and estimates revenue to be around €3.1 billion.
Finnair noted that travel demand grew slightly compared to last year, with strong performance in Far East markets, particularly Japan, while North American routes were weakened by market uncertainty.
The company also highlighted its continued focus on sustainability, introducing options for corporate customers to purchase sustainable aviation fuel to reduce their carbon footprint.
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