Finnair raises full-year guidance on strong demand (updated)
UPDATE 1-Finnair raises full-year guidance on strong demand Adds detail in bullet points
STOCKHOLM, Oct 13 (Reuters) - Finnair FIA1S.HE on Tuesday said its full-year revenue and earnings will be stronger than previously projected as demand for air travel exceeded expectation, overcoming the impact from higher fuel costs.
Finnair now expects full-year comparable operating profit of €175 million to €220 million ($195.51 million-$245.78 million), up from €120 million to €190 million projected in July
The carrier forecast 2026 revenue of €3.5 billion to €3.6 billion, up from €3.4 billion to €3.5 billion previously
High fuel costs have partly been passed on to ticket prices, the carrier it said in a statement
Finnair said it will be difficult to increase fuel hedging for 2027 from its current levels
The group said comparable third-quarter operating profit was around €84 million, up from €50.5 million a year earlier, while sales rose to €953 million from €834.9 million
Finnair is due to publish its full third-quarter earnings report on October 27
($1 = 0.8951 euros)
(Reporting by Anna Ringstrom, editing by Terje Solsvik)
((anna.ringstrom@thomsonreuters.com))