newstodate.aero
Apr 24, 2019 (newstodate): Finnair is now close to receiving its second new Airbus A350, completing this year's delivery scheme.
The aircraft is at the delivery center performing the customer acceptance flights prior to hand-over, bringing the Airbus A350 fleet to a total of 14 aircraft.
The increase in capacity with the latest deliveries has, however, out-paced Finnair's revenue growth, according to the company's Interim Report for Q1, 2019, out today.
While capacity increased by 10 percent, the revenue was up only five percent, the report says.
-We grew our transfer traffic between Asia and Europe in particular, and our cargo performed well too. Despite this growth, our revenue growth fell short of our approximately 10 percent capacity increase in this period, which was partly due to the two new A350 aircraft delivered at the end of last year and during the review period, Topi Manner, Finnair Group's new CEO, says in his comments.
-We missed last year's record result, as expected, and our comparable operating result totalled minus 16.2 million euros. The decline was impacted by an increase in volume driven operational costs and higher price of jet fuel.
-The second new A350 aircraft scheduled for this year will enter service in the coming weeks, just in time for the seasonally stronger summer months. At the moment, our sales outlook for the coming months is good, and therefore our earlier guidance on the 2019 capacity and revenue growth is repeated.
In 2020, Finnair will receive two Airbus A350, two in 2021 and the last of the 19 aircraft ordered in 2022.
The aircraft is at the delivery center performing the customer acceptance flights prior to hand-over, bringing the Airbus A350 fleet to a total of 14 aircraft.
The increase in capacity with the latest deliveries has, however, out-paced Finnair's revenue growth, according to the company's Interim Report for Q1, 2019, out today.
While capacity increased by 10 percent, the revenue was up only five percent, the report says.
-We grew our transfer traffic between Asia and Europe in particular, and our cargo performed well too. Despite this growth, our revenue growth fell short of our approximately 10 percent capacity increase in this period, which was partly due to the two new A350 aircraft delivered at the end of last year and during the review period, Topi Manner, Finnair Group's new CEO, says in his comments.
-We missed last year's record result, as expected, and our comparable operating result totalled minus 16.2 million euros. The decline was impacted by an increase in volume driven operational costs and higher price of jet fuel.
-The second new A350 aircraft scheduled for this year will enter service in the coming weeks, just in time for the seasonally stronger summer months. At the moment, our sales outlook for the coming months is good, and therefore our earlier guidance on the 2019 capacity and revenue growth is repeated.
In 2020, Finnair will receive two Airbus A350, two in 2021 and the last of the 19 aircraft ordered in 2022.