Finnair Q3 revenue rises on strong travel demand; raises guidance

Overview

• Finland airline's Q3 revenue rose 14.2% yr/yr on strong travel demand

• Q3 adjusted EBIT and EPS both increased from prior year

• Company raised full-year 2026 revenue and profit guidance earlier in October

Outlook

• Finnair sees 2026 revenue at EUR 3.5–3.6 bln

• Finnair expects 2026 comparable operating result of EUR 175–220 mln

• Company plans to increase 2026 capacity, measured by ASKs, by about 1%

Result Drivers

• TRAVEL DEMAND - Co said strong travel demand supported net sales growth and earnings

• PASSENGER REVENUE - Co said passenger revenue increased in Europe, North America and Asia

• CARGO REVENUE - Co said cargo revenue grew 35.4% as northern route attracted more cargo flows due to Middle East situation

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "sell" and the breakdown of recommendations is no "strong buy" or "buy", no "hold" and 5 "sell" or "strong sell"

• The average consensus recommendation for the airlines peer group is "hold."

• Wall Street's median 12-month price target for Finnair Oyj is €3.60, about 14.5% below its October 26 closing price of €4.21

• The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 13 three months ago

Reuters Recommended Reads

• Oct 26 - JetBlue seeks to reassure investors as losses deepen

• Oct 26 - JetBlue Airways Q3 revenue rises on strong yields

• Oct 25 - Sydney's new international airport opens to passengers

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)