Finnair Oyj (FIA1S) Earnings Call Transcripts

Finnair Oyj's Latest Earnings Call - Q1 FY2026

In Q1 2026, Finnair Oyj reported a notable improvement in operational performance, achieving nearly breakeven results compared to a loss of EUR 40 million in the same quarter last year. Revenue increased significantly, driven by strong demand in Asian traffic, with a reported revenue range of EUR 3.3 billion to EUR 3.4 billion. Management maintained its guidance for the fiscal year, projecting a comparable operating result between EUR 120 million and EUR 190 million, despite rising geopolitical risks impacting operations.

Reported metrics

Guidance from management

Finnair maintained its revenue guidance for the fiscal year at EUR 3.3 billion to EUR 3.4 billion and an operating result of EUR 120 million to EUR 190 million, despite adjusting capacity growth expectations down to approximately 3%.

What management said

Good day, ladies and gentlemen. I'm Erkka Salonen from Finnair Investor Relations, and it's my pleasure to welcome you to this Q1 2026 earnings call. I'm joined by our CEO, Turkka Kuusisto; and our CFO, Pia Aaltonen-Forsell. [Operator Instructions] But with these words, I hand it over to you, Turkka.

It's Pia here. I think sort of broadly what I can comment on this. I don't think that this is just April and May. I mean clearly, we see the booking curve sort of also through the summer period. And furthermore, when you ask about the different regions, I still think there's as well. There's a good spread. I mean, obviously, even in Europe, we have 90 destinations. There's a lot of new destinations they are getting s...

What analysts pressed on

Analysts expressed concerns regarding the potential impact of rising fuel costs and geopolitical tensions on operational stability and pricing strategies. There were inquiries about the company's ability to maintain flight schedules amidst fuel supply uncertainties and how pricing dynamics might evolve in a competitive landscape.

Main topics on the call

• Revenue Growth Driven by Asian Demand — Finnair's revenue saw a double-digit increase, particularly fueled by strong demand in Asian traffic, which was bolstered by geopolitical events affecting Middle Eastern airports. CEO Turkka Kuusisto noted, "the number o...
• Operational Improvements — The company reported a significant operational improvement, moving close to breakeven from a loss of EUR 40 million year-over-year. Kuusisto stated, "we've been capable of improving the operational platform, our commerci...
• Hedging Strategy Effectiveness — Finnair's hedging policy remains robust, with 82% of Q2 fuel purchases hedged, providing a buffer against rising fuel costs. CFO Pia Aaltonen-Forsell emphasized, "thanks to our risk management, this sort of early part of...
• Middle East Traffic Impact — The ongoing geopolitical situation has led to a halt in Middle Eastern operations, affecting capacity but only representing about 3% of annual revenue. Kuusisto mentioned, "the Middle East traffic area has been some 3% o...

Read the full Finnair Oyj transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 6 Finnair Oyj earnings call transcripts on record, spanning November 13, 2025 to July 22, 2026. Based on this history, Finnair Oyj reports quarterly. The most recent call on file is dated July 22, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

FIA1S

Exchange

HLSE

Country

FI

Sector

Industrials

Industry

Passenger Airlines

Calls on record

6

First call

November 13, 2025

Most recent

July 22, 2026

Reporting cadence

quarterly