Finnair Group reported a net profit of €16.6 million for the third quarter ended Sept. 30, down 38.3% from net profit of €27 million year-over-year. Operating profit was down 40.7% for the period, to €23.6 million from €39.8 million in the year-ago period. The airline group attributed the disappointing performance to the strengthening of the euro against several revenue currencies, the ongoing weakness of the Finnish and eurozone economies, tumbling unit revenues, and declining cargo revenues. Passenger numbers for the quarter were up 2.4% to 2.62 million from 2.56 million during the same period last year, but turnover was down 2.2% to €622.7 billion. Operational costs, excluding fuel, increased 2.5% to €422 million for the quarter, while fuel costs fell 4.3% year-on-year to €177.2 million.
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