Erkka Salonen
Director of Investor Relations
Good day, women and gents. I’m Erkka Salonen from Finnair Investor Relations, and it is my pleasure to welcome you all to this Finnair’s Third Quarter 2025 Earnings Name. I’ve right here with me our CEO, Mr. Turkka Kuusisto; and our new CFO, Mrs. Pia Aaltonen-Forsell.
I’ll now flip this name over to you, Turkka. Please, go forward.
Turkka Kuusisto
CEO & Member of Govt Board
Thanks, Erkka, and superb afternoon to all of you becoming a member of this earnings name. The busiest season is now behind us and we’re blissful to report that we did ship a stable Q3 monetary efficiency, particularly contemplating the destructive affect from the commercial motion.
As you may recall, it took till the mid-July to get the ultimate CLA concluded and behind us. And earlier than that, the quarter was shadowed by 3 strike days that led into cancellation of greater than 300 flights.
And as we speak, we’re reporting considerably — some EUR 18 million of direct affect from the commercial motion. And naturally, for us, it has been very troublesome to guage the so-called oblique affect, however they’re in hundreds of thousands of euros.
So if we take the comparable working results of EUR 51 million and calculate again EUR 18 million plus one thing from the oblique facet, I assume that we are able to all agree that we’d have been on par with the final 12 months efficiency and even above.
The income improve was 2% and that was additionally influenced by the cancellations
