Finnair is heading in the right direction

Finnair carried more than ten million passengers in a single year for the first time in its history last year, Pekka Vauramo, the chief executive of the majority state-owned airline, highlighted at a press conference on Wednesday.

Finnair has improved its year-on-year performance already for five consecutive quarters after confirming that its revenue increased by 5.9 per cent to 585.5 million euros in the final quarter of last year.

“We achieved a positive operational result […] for the full year as well as for the seasonally weak fourth quarter: the operational result for the final quarter of the year was 0.8 million euros and the operational result for the full year 23.7 million euros,” Pekka Vauramo, the chief executive of the majority state-owned airline, states in a press release.

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“We are heading in the right direction, and we will now look to accelerate our profitable growth,” he adds.

“We hit a new record in the number of passengers: more than 10 million passengers flew with us in 2015. Our revenue for the full year increased by 1.7 per cent, to 2,324 million euros, and our growth rate in the fourth quarter was higher than five per cent as our roll-out of A350 aircraft saw us move to a new phase of growth.”

Vauramo also voices his confidence in the future of the airline in spite of the lingering uncertainty in some of its main markets. Finnair, he reveales, estimates that its capacity and revenue will grow in 2016.

Finnair expects the long-standing fall in fuel prices to bring down its fuel costs, regardless of an increase in traffic volumes, and support its performance this year. “Our goal is profitable growth, which requires not only revenue growth through the introduction of new routes, but also a constant focus on developing our services in a cost-efficient manner,” reminds Vauramo.

Aleksi Teivainen – HT
Photo: Vesa Moilanen – Lehtikuva
Source: Uusi Suomi