Finnair’s full year result returned back to profit, for the first time since 2007. The operational result for the entire year stood at 44.9 million euros and turnover grew by 8.5 per cent to 2,449.4 million euros. Our sales and marketing efforts brought results, and our unit revenue improved by a record 7.7 per cent.
In recent years, the last quarter of the year has been lossmaking due to seasonal fluctuations, but this year the operational result showed a profit of 6.3 million euros. This proves that our structural change and cost-reduction programme is bringing results. The programme has progressed faster than the original schedule, and, at the end of the year, we had already achieved permanent annual cost reductions of 100 million euros. Unit cost excluding fuel decreased by 3.6 per cent in 2012, while capacity simultaneously grew by 3.5 per cent and fuel costs rose by one-fifth.
“Showing a profit is a great achievement that required hard work. Thanks for the result belong to the entire Finnair team. Consumers have more often chosen Finnair, which is satisfying as we have invested significantly in improving customer experience and operational quality in the past few years”, cheers Mika Vehviläinen. “The good work and results are also seen in the fact that the company’s Board of Directors is proposing that a dividend of 0.10 euros per share be distributed and that 4,8 million euros be contributed to the Personnel Fund this year.”
However, following through with the structural change and cost-reduction programme of 140 million euros launched in 2011 and implementing the additional cost-reduction programme of 60 million euros announced in October 2012 still requires hard work and further difficult changes. Read more about this in a separate internal release.
Finnair will be celebrating its 90th anniversary in 2013, and 2012 provided the company with a good basis for making the current year a turning point. Finnair is progressing towards its aim of doubling its revenue from Asian traffic by 2020. The Xian and Hanoi routes that will open in the summer of 2013 will increase the number of Finnair’s Asian routes to thirteen. Finnair expects that the operational result of 2013 will show a profit.
“2012 was my last full year at Finnair. For my part, I give warm thanks to our customers, shareholders and personnel. During my Finnair years, I have learned how much Finnair as a company means to all of us, and it will always have a place in my heart”, says Mika Vehviläinen.
In recent years, the last quarter of the year has been lossmaking due to seasonal fluctuations, but this year the operational result showed a profit of 6.3 million euros. This proves that our structural change and cost-reduction programme is bringing results. The programme has progressed faster than the original schedule, and, at the end of the year, we had already achieved permanent annual cost reductions of 100 million euros. Unit cost excluding fuel decreased by 3.6 per cent in 2012, while capacity simultaneously grew by 3.5 per cent and fuel costs rose by one-fifth.
“Showing a profit is a great achievement that required hard work. Thanks for the result belong to the entire Finnair team. Consumers have more often chosen Finnair, which is satisfying as we have invested significantly in improving customer experience and operational quality in the past few years”, cheers Mika Vehviläinen. “The good work and results are also seen in the fact that the company’s Board of Directors is proposing that a dividend of 0.10 euros per share be distributed and that 4,8 million euros be contributed to the Personnel Fund this year.”
However, following through with the structural change and cost-reduction programme of 140 million euros launched in 2011 and implementing the additional cost-reduction programme of 60 million euros announced in October 2012 still requires hard work and further difficult changes. Read more about this in a separate internal release.
Finnair will be celebrating its 90th anniversary in 2013, and 2012 provided the company with a good basis for making the current year a turning point. Finnair is progressing towards its aim of doubling its revenue from Asian traffic by 2020. The Xian and Hanoi routes that will open in the summer of 2013 will increase the number of Finnair’s Asian routes to thirteen. Finnair expects that the operational result of 2013 will show a profit.
“2012 was my last full year at Finnair. For my part, I give warm thanks to our customers, shareholders and personnel. During my Finnair years, I have learned how much Finnair as a company means to all of us, and it will always have a place in my heart”, says Mika Vehviläinen.
