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Finnair’s Q3 top line missed our estimate by almost 6% as average ticket fares continued to decrease more than we expected. Finnair’s costs were also lower than we estimated, however that wasn’t enough to compensate for the lower revenue and hence the EUR 71.5m comparable EBIT missed our and consensus estimates by roughly EUR 15-20m. Finnair also specified its FY’24 EBIT guidance a bit, which remains largely in line with previous estimates.
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