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Finnair boasts good result in Q3

Xinhua, October 30, 2015 Adjust font size:

Finnish state majority-owned airline Finnair reached its best quarterly result ever in the third quarter 2015, the company said on Friday.

The operational result was 64.2 million euros while in the same period in 2014 it was 26.7 million euros.

Despite the successful Q3 result, Finnair reiterated the prediction that its full year operational result will be close to zero or slightly positive.

Finnair CEO Pekka Vauramo attributed the good news to an increased load factor and higher ticket revenue as well as sales of extra services.

Finnair economy passengers on short haul routes must pay separately for meals and some fares require extra pay for checked-in luggage now.

Vauramo also noted the efforts to save in staff costs and the lower fuel prices. In early 2015, Finnair switched to using Asia-based cabin staff in its services to Hong Kong and Singapore, while pilots remained Finnish.

Vauramo said that the demand for air travel has remained strong in China despite the slowing down of the economic growth.

Next year Finnair will resume flights to Guangzhou, China, which it dropped in late 2000s. It will also begin service to Fukuoka, Japan.

"The growth in long-haul capacity also means that we must increase our narrow-body capacity to satisfy the demand for transfer traffic. With this in mind, we will increase our capacity in European traffic next summer," Vauramo said. Endit