Finnair Oyj (FNNNF) Q3 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.620 Good day, ladies and gentlemen. I'm Erkka Salonen from Finnair Investor Relations, and 00:00:04.620 -- 00:00:10.391 it's my pleasure to welcome you all to this Finnair's third quarter 2025 earnings call. 00:00:10.391 -- 00:00:15.561 I have here with me our CEO, Mr. Turku Kuusisto, and our new CFO, 00:00:15.561 -- 00:00:20.623 Mrs. Pia Aldonen-Forsell. I will now turn this call over to you, Turkkka. 00:00:20.623 -- 00:00:21.945 Please, go ahead. 00:00:21.945 -- 00:00:27.036 Thank you, Erkka, and very good afternoon to all of you joining this 00:00:27.036 -- 00:00:32.126 earnings call. The busiest season is now behind us, and 00:00:32.126 -- 00:00:38.067 we are happy to report that we did deliver a solid Q3 00:00:38.067 -- 00:00:44.399 financial performance, especially considering the negative impact from the industrial 00:00:44.399 -- 00:00:49.609 action. As you might recall, it took until mid-July to get 00:00:49.609 -- 00:00:51.213 the final 00:00:51.213 -- 00:00:56.461 CLA concluded and behind us. Before that, 00:00:56.461 -- 00:01:00.265 the quarter was shadowed by three 00:01:00.265 -- 00:01:05.870 strike days that led into cancellation of more than 300 00:01:05.870 -- 00:01:10.933 flights. Today, we are reporting some 18 00:01:11.475 -- 00:01:16.019 million euros of direct impact from the industrial action. 00:01:16.019 -- 00:01:20.463 Of course, for us, it's been very difficult to evaluate the so-called indirect impact, 00:01:20.463 -- 00:01:24.355 but they are in millions of euros. 00:01:24.355 -- 00:01:30.245 If we take the comparable operating result of 51 million euros 00:01:30.245 -- 00:01:35.694 and calculate back 18 million euros plus something from the indirect side, 00:01:35.694 -- 00:01:40.181 I guess that we can al...