Finnair raises its guidance for comparable operating result and specifies its revenue forecast
Finnair Plc Stock Exchange Release 10 November 2017 at 9:00 am
Finnair raises its guidance for its 2017 comparable operating result as passenger and cargo traffic sales have developed better than forecasted. Finnair also specifies its revenue forecast for 2017.
Finnair estimates that in 2017 its capacity will grow approximately 9 per cent. Full-year revenue is expected to grow slightly faster than capacity.
Finnair expects its comparable operating result for 2017 to exceed 155 million euro (2016: 55 million euro).
Previous guidance (issued on 8 September, repeated on 25 October 2017)
Finnair estimates that in 2017 its capacity will grow approximately 9 per cent, 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 135-155 million euro (2016: 55 million euro), if current fuel prices and exchange rates prevail and assuming no material changes in business environment.
Finnair communications, 358 9 818 4020, firstname.lastname@example.org
NASDAQ OMX Helsinki
Finnair is a network airline specialising in passenger and cargo traffic between Asia and Europe. Helsinki’s geographical location gives Finnair a competitive advantage, since the fastest connections between many European destinations and Asian megacities fly over Finland. Finnair’s vision is to offer its passengers a unique Nordic experience, and its mission is to offer the smoothest, fastest connections in the northern hemisphere via Helsinki and the best network to the world from its home markets. Finnair is the only Nordic carrier with a 4-star Skytrax ranking and a member of the oneworld alliance. In 2016, Finnair’s revenues amounted to EUR 2,317 million and it carried almost 11 million passengers. Finnair Plc’s shares are quoted on Nasdaq Helsinki.