Finnair: Strong Q1 due to low costs - Evli
This is a third party research report and does not necessarily reflect our views or values
Finnair’s EUR -0.6m comparable EBIT was a strong result for Q1 and was a bit above estimates. Revenue was as estimated, and the Iran war actually helped Finnair’s performance a bit as capacity moderations between Europe and Asia bolstered Finnair’s Asian demand. The positive earnings surprise was driven by lower costs, and Finnair retains its financial guidance for the year although there are still increased risks related to fuel availability even if the situation is stable for now.