Finnair expects to triple 2016 operating profit
Finnair has again stepped up its 2017 full-year operating profit outlook to over E155m (US$180m) - nearly triple the E55m figure it posted in 2016 - exceeding the top end of its most recent E135m-155m guidance. The carrier originally expected to deliver a E110m operating profit in 2017, doubling its 2016 performance, but this was upgraded to the E135m-155m range in September. However, Finnair said Friday that passenger and cargo traffic sales have developed better than forecasted. This triggered the latest outlook revision. The airline reiterated its prior commitment to hitting 9% capacity growth across the full year, but said revenue would grow slightly faster than capacity. Finnair previously said revenue would grow in line with capacity. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-11-13/oneworld/finnair-expects-to-triple-2016-operating-profit
https://portal.staralliance.com/cms/logo.png
Finnair expects to triple 2016 operating profit
Finnair has again stepped up its 2017 full-year operating profit outlook to over E155m (US$180m) - nearly triple the E55m figure it posted in 2016 - exceeding the top end of its most recent E135m-155m guidance. The carrier originally expected to deliver a E110m operating profit in 2017, doubling its 2016 performance, but this was upgraded to the E135m-155m range in September. However, Finnair said Friday that passenger and cargo traffic sales have developed better than forecasted. This triggered the latest outlook revision. The airline reiterated its prior commitment to hitting 9% capacity growth across the full year, but said revenue would grow slightly faster than capacity. Finnair previously said revenue would grow in line with capacity. <br/>
