Record Q4 Comparable Operating Profit
Comparable operating profit of EUR 62 million in Q4 — the strongest Q4 on record under current accounting, up ~29% year‑on‑year from EUR 48 million.
Full‑Year Comparable EBIT and Revenue Growth
Full‑year comparable EBIT of EUR 60 million and full‑year revenue growth of close to 1% versus prior year.
Improving Passenger Metrics and Demand Momentum
Number of passengers grew ~2% year‑on‑year; unflown ticket liability increased ~7% year‑on‑year, indicating stronger forward bookings and sales momentum.
Strong Asia/Japan Performance
Asian markets delivered continued double‑digit growth in capacity and revenue; summer 2025 Japan service ran ~25 weekly frequencies (increasing by 3 weekly frequencies to Osaka for next summer).
Successful Balance Sheet and Funding Actions
Successfully issued a EUR 300 million bond before year end; leverage at ~1.8 with a robust cash position and healthy cash‑to‑sales ratio.
Operational Recovery and Customer Sentiment
Operational stability restored after mid‑year disruptions; Net Promoter Score (NPS) recovered to 33 for total customers and trends above 40 for core frequent flyers.
Ancillary Revenue and Product Initiatives
Ancillary revenue contribution exceeded EUR 50 million in Q4; continued focus on modern retailing, Finnair Plus monetization, digital upgrades and AI initiatives.
Clear 2026 Growth Guidance
Guidance for 2026: ASKs expected to grow ~5%; revenue guidance EUR 3.3–3.4 billion; comparable operating result guidance EUR 120–190 million, showing material upside versus FY2025 comparable EBIT.
Route Network Expansion
Planned network growth includes 12 new European destinations for summer 2026, a new Helsinki–Bangkok–Melbourne service, a third daily Helsinki–Bangkok flight and reopening/additions such as Toronto seasonal service.
Controlled CapEx and Fleet Investment Plan
2026 CapEx guidance ~EUR 400–500 million (midpoint ~EUR 450 million); 2025 gross CapEx < EUR 200 million with lease buyouts > EUR 100 million and maintenance CapEx ~ EUR 64 million, indicating phased investment and fleet renewal planning.