Finnair Reports Second Quarter Net Profit of €12.5 Million or €0.06 per Diluted Share
- Joe Breitfeller
- Jul 16
- 3 min read
Finnair has reported a second quarter net profit of €12.5 million or €0.06 per diluted share on a 2.8 year-over-year increase in revenue to €787.7 million.
On Wednesday (July 16, 2025), Finnair reported their second quarter financial results for the period ending June 30, 2025. The carrier reported a second quarter net profit of €12.5 million or €0.06 per diluted share on a year-over-year increase in revenue of 2.8 percent to €787.7 million. Finnair’s Q2 result was substantially impacted by an industrial action during the period, though 94 percent of flights were operated as planned despite this action. The company’s second quarter revenue per available seat kilometer (RASK) declined 1.3 percent versus the second quarter of 2024 to 7.72 euro cents, while cost per available seat kilometer (CASK) increased 3.3 percent to 7.62 euro cents. Costs excluding fuel (CASK-ex) increased year-over-year by 6.1 percent to 5.39 euro cents.
In Wednesday’s announcement, Finnair’s CEO, Turkka Kuusisto, said,
“The challenges Finnair faced at the beginning of the year continued into the second quarter. We carried over 3 million passengers, and our revenue grew slightly compared to the same period last year. However, our comparable operating result was particularly burdened by industrial action by the Finnish Airline Pilots’ Association in April and by the ground service personnel’s Finnish Aviation Union (IAU) in May and June. I want to extend my heartfelt apologies to each customer whose travel plans were disrupted by the industrial action.
“We reached collective labour agreements with the pilots, cabin crew, and travel agency staff during the quarter. The Service Sector Employers Palta and the IAU also came to an agreement after the period, so we are once again able to operate our flights with the reliability that is expected of us.
“The direct negative impact of the prolonged industrial action on second quarter revenue was around 41 million euros, on other operating income around 10 million euros, and on the comparable operating result around 29 million euros.
“We had to cancel over 1,300 flights during the quarter due to the industrial action, incurring costs related to customer rerouting and care, as well as compensation for delays. To support our customers’ important travel plans, we allowed them to reschedule flights away from the disruption days without additional fees, which reduced sales on the days to which flights were moved. The uncertainty caused by the disruptions also affected demand for our flights and customer satisfaction. Restoring customer trust and satisfaction is of primary importance to us, and we are systematically working towards this by taking care of our customers and their needs as well as possible, both in the development of our product and services and in our daily operations.
“Despite the disruptions caused by industrial action, our operational quality remained high, and we were able to operate 94% of our flights as planned. During the summer season, we operate about 350 flights per day, and even on disruption days, we managed to operate 60–75% of our flights. We have invested in improving the customer experience, particularly in terms of the smoothness of rerouting and customer communication, aiming to mitigate the negative impact of industrial action on our customers during the important summer travel season.
“During the quarter, general market uncertainties increased, which began to affect demand for transatlantic flights, and customers’ booking windows became shorter. Our North American traffic grew significantly, but the growth rate was more moderate than previously planned, and average ticket fares in the area declined. In other markets, demand developed as expected. We continued optimising our network and announced new summer 2026 routes to Toronto, Canada, and Alta in Northern Norway. We also added flights to Finnish Lapland for the winter 2025 season.
“In June, air travellers chose Finnair as the Best Airline in Northern Europe for the 15th consecutive time, and our cabin crew was also named the best in Northern Europe. This recognition is owed especially to Finnair employees in the front line who work with dedication every day to ensure safe and smooth flights.
Finnair's Second Quarter and H1 2025 Financial Results - Courtesy Finnair
Specializing in passenger and cargo traffic between Asia, the Middle East, North America and Europe, Finnair is a modern premium network airline with a competitive advantage due to their geographical location. The carrier is also the only airline offering year-round service to the Lapland. Sustainability is at the heart of everything Finnair does, and the airline is committed to achieving carbon neutrality by the end of 2045. In 2023, Finnair celebrated their 100th anniversary, making the carrier one of the oldest airlines in the world. Finnair is a member of the global oneworld® alliance and the company’s shares are traded on the Nasdaq Helsinki stock exchange.
Source: Finnair
