Finnair Oyj

Hyvää aamupäivää. Minä olen Päivyt Talqvist. Toivotan teidät lämpimästi tervetulleeksi Finnairin ensimmäisen vuosineljänneksen tulosinfoon. Toimitusjohtaja Turkka Kuusisto käy nyt läpi tuloksen, ja sen jälkeen on aikaa kysymyksille. Kysymyksiä kannattaa laittaa linjoilta jo hyvissä ajoin, jotta sitten kaikki kysymykset ovat valmiina ikään kuin odottamassa, kun Turkan esitys loppuu. Ole hyvä, Turkka.

Kiitos, Päivyt, ja oikein hyvää aamupäivää kaikille osallistujille. The first quarter of the year was difficult for Finnair. In advance, we were able to expect that this seasonally weakened quarter of the year will also be affected by the increased costs related to environmental regulation, renewable fuels and then by the end of the gas market, about 10 million euros in advance, and at the same time kuten aiemmin jo kommunikoimme, että liikennöintimaksut ovat nousemassa tänä vuonna, ja ennen kaikkea osuvat tähän ensimmäiselle vuosineljännekselle, joka on volyymin ja matkustajamäärien näkökulmasta kaikista hitain. Tämän päälle nyt on kuitenkin sitten vielä valitettavasti tullut noin 22 miljoonan euron kustannukset Suomen Liikennelentäjien Liiton pitkäaikaisesta työtaistelutoimista, jotka ovat näyttäytyneet lukuisina satoina peruutettuina lentoina ja sitä kautta uudelleen reitetettyinä matkustajina, jotka ovat vähäntäneet meidän tuottoja ja samalla lisänneet meidän kustannuksia. In the first quarter of the year, the turnover increased by about 2%. Naturally, there has also been a certain cut in the number of job battles, about 30 million euros in advance. Otherwise, the number of passengers and the number of orders for the company have developed quite accordingly to our expectations. When we look at the flight ticket debt, which describes how many flights have been bought from us in the future, we currently have more than 150 million euros in the balance of the flight ticket debt compared to the end of last year, or the end of the fourth of last year. Kuten todettu, tulos on minus 62 miljoonaa euroa, josta 22 miljoonaa euroa selittyy Suomen Liikennelentäjien liiton työtaistelutoimien johdosta. What can be said positively about this is that the operational cash flow was still strong, about 200 million euros, which is naturally in line with the success of the ticket sales and the supply chain, and at the same time the continued tight investment in the currency and the management of costs. Yksikkötuotot laskivat jonkun verran ja samaan aikaan lentolippujen hinnat laskivat noin 4,6 %. Tässä suurin selittävä tekijä on meidän lähi-idän liikenne, jossa lentolippujen hinnat laskivat noin 12 %. Muilla keskeisillä markkinoilla lentolippujen hinnat olivat aika lailla viime vuoden tasolla. Matkustajakäyttöaste nousi. and we can look at it more closely in connection with this slide. For example, in our very important Asian traffic, the available personal kilometres have not increased at all, but the sold personal kilometres have increased very moderately, and as a result, the filling levels have also developed in the right direction. The most important drop in the available personal kilometres is related to the La Hida traffic, where we no longer have only one route operating for our partner Qatar Airways. We are currently flying from Helsinki to Doha, when a year ago we also flew from Copenhagen and Stockholm to Doha. In European traffic and domestic traffic, the use case drop explains that these routes and these markets were first and foremost allocated the four from the withdrawal of British Airways at the end of the first quarter of last year. If we take a closer look at our revenue calculation, the turnover increased by about 2% when it is listed there. The turnover of our freight business increased by about 8% and sales of additional services by about 19%, which is a concrete example of a selected commercial strategy. Businesses in other industries see a drop of a few million euros, which can be explained by the closing of the British Airways cooperation, and also by the fact that we were unable to fly all scheduled shifts to Qantas due to the work-related problems. Operational costs, calculated across the line, increased by about 8%, and we'll get to that in a moment. So, when we build a bridge, when last year we made minus 12 million euros of comparable turnover during the first quarter of the year, when we add this up, According to our expectations, the costs of transportation and environmental responsibility increased. We were at about minus 40 million euros, which was quite the expectation that we set for this year. So, up to this point, we were well within the framework of the plan that we had created. But on top of this, the 22 million euros came from the anti-aircraft operations of the pilots in January, as we communicated in the February report. The cost of the anti-aircraft operations was 5 million euros per month, but then when they increased the number of anti-aircraft operations and their effectiveness during the month of February, this number has increased at the monthly level and reached the monthly level of 10 million euros in March. Speaking of the employment agreement negotiations, we have succeeded in achieving the negotiation result with the employees and the higher-ups, but the most central personnel groups related to flying and our service production are still on the negotiating table. On Friday last week, the employer of the service areas Liitto Palta left the fourth agreement to be considered by the Finnish Aviation Alliance for the next contract period, and we are looking forward to their response to this decision tomorrow. As for our customers and owners, and of course all Finnair people, I really hope that the solution will finally be found. We have been trying to find a solution for nine months now. The cooperation has lasted for five months and affects our customers' daily lives. We have to stop. 10 to 20 flights a day. Of course, we still fly 300 flights a day, but as seen from this screen, the scale and effectiveness of how many customers have had to face some kind of disturbance is huge. In this connection, as in the report, I want to emphasize ylimääräistä vaivaa ja häiriötä, joka asiakkaillemme on koitunut, ja samaan aikaan kiittää teitä kärsivällisyydestä ja myös siitä tuesta, jota olemme näinä aikoina saaneet. Kun katsotaan yhtiön taseeseen liittyviä tunnuslukuja, Viime vuonna päästiin hyvälle uralle taseen vahvistamisessa ja onnistuttiin etuajassa sulkemaan kaikki korona-aikaiset ja kriisiaikojen rahoitusinstrumentit ja tervehdyttämään tasetta, mutta nyt sitten tietenkin ensimmäisen vuosien neljänneksen tappiollisen tuloksen myötä omavaraisuusaste laski hiukan, mutta samaan aikaan When the rise in net debt has dropped, the net debt rate has dropped slightly, regardless of the fatal consequences. Talking about the cash flow, as I said, the ticket sales have succeeded well during the first quarter of the year, and the operating cash flow of 192 million euros is strong. Certain investments have been made from it, and certain loans have been repaid in relation to aircraft leasing agreements or trust funds, which appears to be the 97 million euros in the light red price. When all of these are counted together, the company still has about 900 million euros in cash, which is well within the scope of our own goals, that one third of the company's turnover should be found as cash. In addition, we still have a trust limit of 200 million euros, which was suggested for the use of the company a few years ago. Of course, our work has affected the daily lives of Finns and our customers, but the decisive work has continued in the sense that the company is being developed and taken forward. As I have already said in many of these situations, it is essential to listen to the needs of our customers in the past and develop our services accordingly. The renovation project of the Kapea Shipyard was initiated We talked about this at the beginning of the year, and we will talk more about this at the end of the year, when this calendar year gets a bit longer. The number of mobile applications is in a small growth. What is important to note is our accuracy in arrival, regardless of the disturbances, improved in March. I am very grateful to Finnair, who manage these disturbances, and regardless of them, we have been able to perform relatively well in the accuracy of arrival. Nettosuositteluindeksi säilyi hyvällä tasolla ja oli 34 yksikköä, ja tätä ei tietenkään myöskään edesauta nämä pitkittineet työtaistelutoimet. Aiemmanmukaisesti kerrotaan edelleen se, että työskentelemme päivitettämän strategiamme parissa. Meidän strategiakausi päättyy tämän tilikauden loppuun mennessä, ja tästä päivitetystä strategiasta ja pitkän aikavälin tavoitteesta tullaan kertomaan tarkemmin tämän tilikauden aikana. Sitten mennään tulevaisuuden näkemyyn ja ohjeistukseen. Tänään me tulemme uusimaan ohjeistuksen, jonka annoimme helmikuun tulosjulkistuksen yhteydessä. Vertailukelpoisen liiketuloksen osalta, We expect that when the unemployment rate does not drop, the net profit of the comparison is 100 million to 200 million euros. In other words, the impact of the unemployment rate. We also stated this in connection with the upcoming publication in February. Today, we provide more information regarding the costs of the unemployment rates that have been implemented and what we already know about them. Eli 22 miljoonaa euroa negatiivinen tulosvaikutus ensimmäiseltä vuosineljännekseltä, 10 miljoonaan euron vaikutus huhtikuulle, ja nyt kun näiden työtaistelutoimien myötä olemme joutuneet perumaan kesän liikenneohjelmasta 230 lentoa, niin sieltä tulee vielä toinen 10 miljoonaa euroa näiden edellä mainittujen päälle. Eli tämä alimainen kappale pyrkii kuvaamaan sitä, että miten Meidän tämänhetkinen näkymä ja arvio työtaistelutoimien kustannuksista on joko toteutunut tai on meidän tiedossa, mutta tämä operatiivinen ohjeistus, jonka annoimme helmikuussa, pysyy muuttumattomana. Tässä päivyt lyhyesti ensimmäisen vuosienälenneksen tulos.

Sitten siirrytään kysymyksiin. Nyt kannattaa niitä kysymyksiä sieltä linjoilta laittaa. Meillä on tähän mennessä vasta yksi kysymys. Jää kovin lyhyeksi tämä sessio, jos se jää ainoaksi. Mitkä ovat USA liikenteen näkymät nyt ja lähitulevaisuudessa? Ulkoministeriö on kertonut avaavansa piakkojen pääkonsulaatin Texasissa. Indikoiko se jotain Atlantin ylimatkustuksesta Finnairin näkökulmasta?

Finnair has had a strong investment in the US market this summer. Our plans have been to fly to Dallas for 11 weeks, but due to our work-based activities, we have slightly reduced our US flight program, but we still have a large investment in the US market. At the moment, we are naturally following very closely how world policy and trade relations are developing, but I would like to point out We haven't seen a big difference yet.

22 million euros caused by labor wars. Can you tell us how much it costs?

It costs a lot of money. We re-route customers to other airlines' flights, i.e. ticket costs, benefits from the EU for private flights, hotel nights, various coupons and vouchers, which we can then offer to people who have re-routed flights and food. It comes from quite a few directions and, of course, also as a lost trade. When all these components are calculated together, the final result is minus 22 million euros.

At the moment, there are no other questions from the line. If someone is writing in a hurry, we will wait a few more minutes before we start to end this. There are no other questions, so at this point we say thank you to all participants and have a nice week and good luck.

Thank you.