Finnair Oyj (FNNNF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day, ladies and gentlemen. I'm Erkka Salonen from Finner Investor Relations, and it's my pleasure to welcome you to this Q4 2025 earnings call. I'm joined by our CEO, Turku Kuusisto, and our CFO, Pia Aaltonen-Forsell. After the presentation, we have a Q&A session, and you may present your questions either by dialing in or using the chat function of the webcast. But with these words, I hand it over to you, Turku. Thank you, Erkka. And very good afternoon to all of you joining us today. And today we have shared, in my opinion, very good news earlier when we published our Q4 report that indicated a very strong profitability development, especially driven by the continued strong demand and solid execution. Pia will discuss in short the result in in detail, but I would characterize it as a sum of multiple factors. Of course, we benefited from the lower fuel price, but at the same time when we added into the equation the increased cost from the environmental compliance other regulatory charges, I would say that the cost management and effectiveness was extremely well executed among the Finner team. At the same time, we still saw and will see a strong demand, especially in the Japanese and European markets, that performed, in my opinion, relatively well. That led into a close to a 1% revenue growth, but above all, or more importantly, our comparable operating result increased almost by 29% versus the compare that already was actually significant improvement from 2023. As you recall, some months back, mid-November, we announced our long-term financial targets and also the updated strategy. And therefore, I'm also very happy that already now we start to see pieces of evidence that the strategy execution or implementation has started with good velocity. As a concrete exam...