Finnair reports late 2022 profit despite fuel costs

Finnair reported revenue increases of 66.2% for the final three months of 2022 and 181% for the full year, despite “exceptionally high” fuel costs. The carrier said its “comparable operating result was positive for the second consecutive quarter”as it turned a €53.3 million profit. Revenue for the quarter hit €687.3 million and topped €2.5bn for the year, though the carrier reported “adverse cost impacts” from fuel of €94 million and €375 million for the periods. Earnings per share were -0.36 euros (-0.34) for the year, the carrier said. Finnair Plc’s distributable equity amounted to -€291,913,121.87 on 31 December 2022. In