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Pääanalyytikko
Finnair’s Q1 further demonstrated solid recovery, however valuation still demands a lot more long-term improvement.
Finnair’s Q1 results topped estimates as high unit yields drove passenger revenue.
Finnair reports Q1 results on Apr 27. Finnair has lagged its peers in terms of pandemic recovery due to the legacy Asian strategy, while from now on further volume recovery should be found with the help of a pivoted network.
Finnair’s Q4 report was a bit better than expected, however we see current valuation limiting upside potential too much unless more positive surprises are yet to come.
Finnair’s Q4 revenue hit estimates well, while adjusted EBIT was a bit stronger than expected. At first glance the report doesn’t seem to contain any major surprises.
Finnair reports Q4 results on Feb 15. Travel demand may remain robust and fuel prices have declined, but high valuation doesn’t seem to leave much upside potential.
Finnair touched a milestone, but there’s more to go before EBIT reaches adequate levels while valuation remains full.
Finnair’s Q3 results came in clearly above estimates as strong development in unit revenues drove top line as well as profitability. Finnair turned in a positive EBIT for the first time since Q4’19.
Finnair reports Q3 results on Oct 28. We make only small adjustments to our estimates ahead of the report.
