Finnair Group has reported that its revenue increased 7.9% in the third-quarter of 2019.
The group said that its revenues came in at €870.3 million, up from the €806.9 million experienced in the same period last year.
Passengers for the group during the period increased by 11.9% to 4.1 million, up from the 3.7 million duirng Q3 2018.
Available seat kilometres (ASK) grew by 9.5%, with passenger load factor (PLF) standing 86.2%, up 1.7 percentage points.
Comparable operating result was €100.7 million, up from €118.2 million in 2018 while operating result was €94.9 million, up from €115.5 million experienced last year.
Finnair is set to raise its capacity forecast for 2019 owing mainly to its new service to Beijing Daxing International Airport. Finnair estimates that capacity growth in 2019 will be between 11-12%.
Revenue is expected to grow at a somewhat slower pace than capacity in 2019.
Commenting on the results, Finnair Group CEO Topi Manner, said: "On the whole, Q3 developed according to the expectations we set out in our Q2 report. Finnair’s revenue increased by 7.9% to €870.3 million and we carried 4.1 million passengers, a new record for the quarter.
"Our European traffic performed strongly both in terms of growth and yields, and new North American route to Los Angeles has been well-received. In selected Asian routes, most notably Hong Kong, lower demand was experienced. All in all, Finnair’s market share growth continued across traffic categories.