Finnair Oyj Earnings Recaps
Q1 2026
Apr 22, 2026
Finnair delivered a nearly breakeven Q1 2026, showing notable improvement amid a traditionally low season, supported by strong Asian demand and strategic operational adjustments.
Key takeaways
- Operating results nearly at breakeven after a EUR 40 million improvement YoY, driven by better operational execution and commercial focus.
- Revenue increased double-digits, fueled by Asian traffic rebound and higher load factors, despite regional uncertainties.
- Passenger numbers grew by 7.3%, with load factors rising across most regions, excluding Middle East following route suspension.
- Hedging policy remains supportive, with 82% of Q2 fuel hedged and 69% for the remainder of the year, easing fuel cost volatility.
- Customer satisfaction improved to 36 (up 2 points YoY), with strong growth in active Finnair Plus members and high scores among premium tiers.
Q3 2025
Oct 31, 2025
Finnair reported a solid Q3 2025 performance with a comparable operating result of EUR 51 million, despite the significant impact of industrial action leading to flight cancellations. The company's operational recovery is evident as customer satisfaction improves and capacity expansions enhance performance in key markets.
Key takeaways
- Comparable operating result stood at EUR 51 million, reflecting resilience amidst EUR 18 million in direct losses from strikes.
- Revenue increased by 2% year-over-year, influenced by operational disruptions and maintenance issues.
- The company became the largest carrier between Europe and Japan with 25 weekly flights, driving double-digit growth in Asian markets.
- National Passenger Satisfaction scores rebounded significantly to nearly 40, indicating improved service quality post-strike.
- Impact from seat cover aircraft grounding was minor compared to labor action, with operations normalized shortly thereafter.