Turkka Kuusisto
Chief Executive Officer
Replay available
Finnair Oyj (FNNNF) Q2 2025 Earnings Call
Finnair Oyj (OTC: FNNNF) Q2 2025 earnings conference call, held 2025-07-16. Replay captured from the company's public earnings webcast.
Hosted by
Featured presenters
Christian Pulola
Chief Financial Officer
Erkka Salonen
Head of Investor Relations
Kurt Hoffman
Analyst, Aviation Week
Jonas Ilvenen
Analyst, Evli
Pozzi Verzenin
Analyst, Nordia
Mateo Salcedo Lopez
Analyst, OdoBHF
Jocko Tervenen
Analyst, SEB
Investor webinar replay
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Replay transcript excerpt
WEBVTT 00:00:00.031 -- 00:00:04.858 Good day, ladies and gentlemen. I'm Erkka Salonen from Finnair Investor Relations, and 00:00:04.858 -- 00:00:10.406 it's my pleasure to welcome you all to this Finnair's second quarter 2025 earnings call. 00:00:10.406 -- 00:00:15.513 I have here with me our CEO, Mr. Turkka Kuusisto, and he is joined by 00:00:15.513 -- 00:00:19.218 our CFO, Mr. Christian Pulola, for the Q&A session. 00:00:19.218 -- 00:00:21.602 I will now turn this call over to you, Turkka. 00:00:21.602 -- 00:00:23.144 Please, go ahead. 00:00:23.144 -- 00:00:27.250 Thank you, Erkka, and a warm welcome also on my behalf. 00:00:27.250 -- 00:00:31.696 As expected, the second quarter of 2025 00:00:31.696 -- 00:00:36.924 was pretty much overshadowed by the industrial action of the Pilot 00:00:36.924 -- 00:00:42.352 Union and the Finnish Aviation Union, and the consequent 00:00:42.352 -- 00:00:48.197 industrial actions did have a significant impact on our Q2 result. 00:00:48.428 -- 00:00:51.932 All in all, Q2 00:00:51.932 -- 00:00:57.720 came in with somewhat a modest revenue growth of 2.8%, 00:00:57.720 -- 00:01:02.927 but more importantly, we need to focus on the comparable operating result that declined 00:01:02.927 -- 00:01:07.953 to 10 million euros from the 44 of last year. 00:01:07.953 -- 00:01:12.918 In this figure, we have a negative impact of the direct 00:01:13.041 -- 00:01:18.190 consequences of the industrial action being 29 million euros. 00:01:18.190 -- 00:01:23.298 Earlier this year, we reported that Q1 faced 22 million euro of direct 00:01:23.298 -- 00:01:28.447 impact from the industrial action, and today we have estimated that we need to 00:01:28.447 -- 00:01:34.618 prepare for a 20 million euro negative impact for the Q3 results. 00:01:34.618 -- 00:01:...