July – September 2023
- Earnings per share were 0.03 euros (-0.03)*.
- Revenue increased by 13.7% to 817.3 million euros (719.2).
- The comparable operating result was 94.3 million euros (35.2) and the operating result was 90.0 million euros (19.2). Both were adversely impacted by the more expensive fuel price towards the end of the period.
- Cash funds were 1,346.3 million euros (31 Dec 2022: 1 524.4) and they decreased mainly due to the 200-million-euro hybrid bond redemption during the period. The equity ratio was 11.5 per cent (31 Dec 2022: 9.9).
- Net cash flow from operating activities was 95.5 million euros (11.8), and net cash flow from investing activities was 45.1 million euros (-0.4).** Gross capital expenditure totalled 73.2 million euros (37.5).
- Number of passengers increased by 6.6% to 3.0 million (2.8).
- Available seat kilometres (ASK) increased by 11.8% to 9,343.9 million kilometres (8,356.5).
- Passenger load factor (PLF) was 80.9% (80.1).
January – September 2023
- Basic earnings per share were 0.12 euros (-0.39).
- Result for the period included a positive, one-off deferred tax item of 99 million euros based on previous years’ tax losses.
- Revenue increased by 35.5% to 2,261.3 million euros (1,669.3).
- Comparable operating result was 161.4 million euros (-181.8) and operating result was 164.1 million euros (-238.6). Both were adversely impacted by the more expensive fuel price towards the end of the period.
- Net cash flow from operating activities was 478.1 million euros (229.1), and net cash flow from investing activities was -286.3 million euros (-21.2).** Gross capital expenditure totalled 209.4 million euros (137.8).
- The number of passengers increased by 26.0% to 8.4 million (6.6).
- Available seat kilometres (ASK) increased by 17.3% to 27,106.9 million kilometres (23,112.9).
- Passenger load factor (PLF) was 77.5% (65.9).
* Unless otherwise stated, comparisons and figures in parentheses refer to the comparison period, i.e., the same period last year.
** In Q3, net cash flow from investing activities included 63.2 million euros of redemptions (29.1 million euros) in money market funds or other financial assets (maturity over three months). In Q1–Q3, investments totalled to 128.6 million euros (26.1 million euros of redemptions). They are part of the Group’s liquidity management.