Finnair 2018 net profit down 11%; to slow expansion after record year
Finnair foresees its expansion slowing in 2019, but continues to aim for sustainable profit growth, the company’s CE said Feb 15. The carrier predicts the economies of several of its main markets will grow weakly, if at all, in 2019 and is keeping a close watch on one of its major rivals, Norwegian, in its Nordic and European markets. Presenting the airline’s full-year figures for 2019, CE Topi Manner said Finnair had carried a record 13.3m passengers. However, this passenger growth of 11.6% was outstripped by a 14.8% increase in capacity, measured in ASKs, resulting in load factor dropping 3.4% to 76.9%. Finnair recorded a net profit for the year of E150.7m, down 11.1% from E169.4m in 2017. Revenue for the year was 10.4% up at E2.83b. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-02-18/oneworld/finnair-2018-net-profit-down-11-to-slow-expansion-after-record-year
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Finnair 2018 net profit down 11%; to slow expansion after record year
Finnair foresees its expansion slowing in 2019, but continues to aim for sustainable profit growth, the company’s CE said Feb 15. The carrier predicts the economies of several of its main markets will grow weakly, if at all, in 2019 and is keeping a close watch on one of its major rivals, Norwegian, in its Nordic and European markets. Presenting the airline’s full-year figures for 2019, CE Topi Manner said Finnair had carried a record 13.3m passengers. However, this passenger growth of 11.6% was outstripped by a 14.8% increase in capacity, measured in ASKs, resulting in load factor dropping 3.4% to 76.9%. Finnair recorded a net profit for the year of E150.7m, down 11.1% from E169.4m in 2017. Revenue for the year was 10.4% up at E2.83b. <br/>
