Finnair Reports Modest Growth Amidst Industrial Action and Market Headwinds
Finnair’s Half-Year Report for January–June 2025 reflected modest revenue growth of 2.4% to €1.48 billion, despite significant operational disruptions from industrial action. The comparable operating result turned negative at €52.3 million, down from €32 million last year, with the direct impact of industrial action estimated at €51 million.
In Q2, revenue grew 2.8% to €787.7 million, but the comparable operating result declined sharply to €10.3 million from €43.6 million. Earnings per share for the quarter fell to €0.06 from €0.09. Despite challenges, Finnair operated 94% of its scheduled flights, carrying 3.1 million passengers, a 3.1% increase from last year.
The airline maintained a 76.6% passenger load factor in Q2, improving by 1.9 percentage points, while ASKs grew by 4.2%. However, the financial impact of industrial action, market uncertainties, and softer demand on North Atlantic routes weighed on profitability.
Looking ahead, Finnair expects 2025 revenue to be in the range of €3.2–3.3 billion and a comparable operating result between €30–€ 130 million, with the latter closer to the lower end of the range. Capacity growth is now estimated at 5% year-over-year, adjusted for the impact of industrial action.
CEO Turkka Kuusisto acknowledged the disruption and emphasized efforts to restore customer trust and satisfaction while adapting to changing demand trends and operational challenges.
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