Fuel-cost risks weigh on Finnair shares
BUZZ-Fuel-cost risks weigh on Finnair shares ** Shares in Finnish flag carrier Finnair FIA1S.HE fall around 3% with analysts pointing to fuel-cost risks for 2027
** Inderes flags Finnair's relatively low 34% fuel hedging rate for 2027, and says that a 10% change in fuel prices would affect comparable operating profit by about €63 mln
** Finnair has reduced its capacity growth estimate to about 1% due to Middle East flight cancellations, amid high fuel prices and uncertainty over inflation and interest rates
** Inderes notes that the unchanged guidance implies a softer fourth quarter compared with a strong year-earlier comparison
** Finnair posted on Tuesday largely pre-announced Q3 results, with a quarterly comparable operating profit up by 65.5% year-on-year at €84.0 mln
(Reporting by Elviira Luoma)
((elviira.luoma@thomsonreuters.com; +48 58 769 66 46;))