Finnish national airline Finnair got the year off to a flying start with much improved operating profits.
From January to March, the company made a €3.9 million profit. Just one year ago, the company made a €9 million loss in the same period.
According to Finnair, they’ve improved comparable operating results 14 quarters in a row.
CEO Pekka Vauramo says he is satisfied with the profitable start to the year, during a time that is traditionally a weak season.
Finnair expects that international aviation will grow strongly this year, and anticipates increased competition, especially between Europe and Asia and between Europe and Norht America as existing and new players increase capacity in those markets.
During the first quarter of 2018 Finnair also increased its passenger capacity, carrying a total of three million flyers.
The airline has decided to bring forward the delivery dates for two Airbus A350 aircraft for 2019 and 2020, and the company has renewed its long haul fleet service in recent years.
“We have good opportunities to be part of the expected growth of Asian air traffic to Europe” says Vauramo.