2009-03-09 08:00:00 CET

2009-03-09 08:00:04 CET


REGULATED INFORMATION

Finnish English
Finnair Oyj - Company Announcement

FINNAIR'S CAPACITY CUTS AND LOW TICKET PRICES SAVED FEBRUARY LOAD FACTORS


FINNAIR OYJ   STOCK EXCHANGE RELEASE   9 MARCH 2009 AT 09:00 

Finnair's Scheduled Traffic load factor rose in February by 2.4 percentage      
points to 70.2 per cent. The rise in passenger load factor was due to cuts in   
capacity.                                                                       
“At the beginning of February, traffic growth figures were still fairly strong, 
but they weakened towards the end of the month. The weakening of demand was     
partly due to the pilots' threatened strike scheduled for the last week of      
February. The average price was clearly below last year's level, because        
business travel continues to fall,” says Finnair SVP Communications Christer    
Haglund.                                                                        
European traffic capacity was reduced by 12.4 per cent and domestic traffic was 
cut by 14.9 per cent. Measured in revenue passenger kilometres, European traffic
declined in February by 8.2 per cent and domestic traffic by 14.4 per cent.     
In Asian traffic, flights to Guangzhou were discontinued last year and a new    
route to Seoul opened, resulting in a decline in Asian traffic capacity by 0.1  
per cent. Asian traffic growth was 4.4 per cent, however, which improved the    
Asian traffic passenger load factor.                                            
In North American traffic, an increase in flights to New York raised capacity by
29.4 per cent. North American traffic grew by 32.7 per cent.                    
Leisure Traffic growth continued. In February traffic grew 10.2 per cent,       
capacity increased by 11.0 per cent and load factor was 94.3 per cent. Leisure  
Traffic growth comes mainly from flights by an Airbus A330 aircraft, leased for 
the winter season from Air Europa.                                              
Cargo Traffic, on the other hand, continues to decline. The amount of cargo     
carried fell by 21 per cent. In North American traffic, the amount of cargo grew
by nine per cent as a result of an increase in flights on the New York route.   

Of Finnair's flights, 84.3 per cent arrived on schedule, which represents an    
improvement of 18.8 percentage points from last year. The scheduled passenger   
traffic punctuality percentage rose from February last year by 18.8 percentage  
points to 87.5 per cent.                                                        


Finnair traffic                                                                 
Finnair traffic altogether increased by 2.5%, measured in revenue passenger     
kilometres. Capacity decreased by 0.7%. Passenger load factor was 2.4 percentage
points higher than year before, 77.2%. Number of passengers carried decreased by
7.9% and was 597 029.                                                           

Scheduled traffic                                                               
Scheduled traffic decreased by 1.3%, measured in revenue passenger kilometres.  
Capacity decreased by 4.8%. Passenger load factor was 2.4 percentage points     
higher than year before, 70.2%. Number of passengers carried decreased by 10.6% 
and was 479 545.                                                                

Scheduled international traffic remained the same, measured in revenue passenger
kilometres. Capacity decreased by 3.8%. Passenger load factor was 2.7 percentage
points higher than year before, 71.2%. Number of passengers carried decreased by
8.1% and was 352 978.                                                           

European scheduled traffic, decreased by 11.8%, measured in revenue passenger   
kilometres. Capacity decreased by 12.4%. Passenger load factor was 0.4          
percentage points higher than year before, 60.6%. Number of passengers carried  
decreased by 13.4% and was 245 631.                                             

North Atlantic scheduled traffic increased by 32.7%, measured in revenue        
passenger kilometres. Capacity increased by 29.4%. Passenger load factor was 1.9
percentage points higher than year before, 78.0%. Number of passengers carried  
increased by 32.7% and was 9 681.                                               

Asian scheduled traffic increased by 4.4%, measured in revenue passenger        
kilometres. Capacity decreased by 0.1%. Passenger load factor was 3.3 percentage
points lower than year before, 77.1%. Number of passengers carried increased by 
4.8% and was 97 666.                                                            

Domestic scheduled traffic decreased by 17.7%, measured in revenue passenger    
kilometres. Capacity decreased by 14.9%. Passenger load factor was 2.0          
percentage points lower than year before, 58.1%. Number of passengers carried   
decreased by 16.9% and was 126 567.                                             

Leisure traffic                                                                 
Leisure traffic increased by 10.2%, measured in revenue passenger kilometres.   
Capacity increased by 11.0%. Passenger load factor was 0.7 percentage points    
lower than year before, 94.3%. Number of passengers carried increased by 5.3%   
and was 117 484.                                                                

Cargo                                                                           
Cargo traffic decreased by 21.0% in terms of cargo tonnes carried.              

Decrease in scheduled traffic was 20.0%. Cargo traffic decreased by 23.3% in    
Asian traffic, by 20.3% in European traffic and increased by 9.0% in            
North-Atlantic traffic.                                                         

Cargo traffic carried on chartered cargo flights decreased by 69.8%. The cargo  
load factor in the Far Eastern traffic was 55.5% and in the North Atlantic      
traffic 69.3%.                                                                  

--------------------------------------------------------------------------------
|                               |   Feb09   | %-CHANG | Jan09-Feb0 |        %- |
|                               |           |       E | 9          |    CHANGE |
--------------------------------------------------------------------------------
| TOTAL TRAFFIC                 |           |         |            |           |
--------------------------------------------------------------------------------
| Passengers  1000              |     597,0 |    -7,9 |    1 221,6 |      -4,5 |
--------------------------------------------------------------------------------
| Available seat-kilometres     |   2 356,3 |    -0,7 |    4 872,6 |      -0,2 |
| mill                          |           |         |            |           |
--------------------------------------------------------------------------------
| Revenue passenger kilometres  |   1 818,0 |     2,5 |    3 774,5 |       4,4 |
| mill                          |           |         |            |           |
--------------------------------------------------------------------------------
| Passenger load factor %       |      77,2 |   2,4 p |       77,5 |     3,4 p |
--------------------------------------------------------------------------------
| Cargo tonnes toatal           |   6 311,5 |   -21,0 |   12 666,6 |     -20,9 |
--------------------------------------------------------------------------------
| Available tonne-kilometres    |     353,0 |     1,4 |      731,4 |       0,6 |
| mill                          |           |         |            |           |
--------------------------------------------------------------------------------
| Revenue tonne-kilometres mill |     198,2 |    -2,8 |      408,7 |      -1,2 |
--------------------------------------------------------------------------------
| Overall load factor %         |      56,1 |  -2,4 p |       55,9 |    -1,0 p |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| SCHEDULED TOTAL               |           |         |            |           |
--------------------------------------------------------------------------------
| Passengers  1000              |     479,5 |   -10,6 |      984,6 |      -7,0 |
--------------------------------------------------------------------------------
| Available seat-kilometres     |   1 677,5 |    -4,8 |    3 465,9 |      -5,0 |
| mill                          |           |         |            |           |
--------------------------------------------------------------------------------
| Revenue passenger kilometres  |   1 178,1 |    -1,3 |    2 453,7 |       0,3 |
| mill                          |           |         |            |           |
--------------------------------------------------------------------------------
| Passenger load factor %       |      70,2 |   2,4 p |       70,8 |     3,7 p |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| EUROPE                        |           |         |            |           |
--------------------------------------------------------------------------------
| Passengers  1000              |     245,6 |   -13,4 |      509,5 |      -8,5 |
--------------------------------------------------------------------------------
| Available seat-kilometres     |     558,4 |   -12,4 |    1 179,7 |      -8,0 |
| mill                          |           |         |            |           |
--------------------------------------------------------------------------------
| Revenue passenger kilometres  |     338,6 |   -11,8 |      700,4 |      -5,9 |
| mill                          |           |         |            |           |
--------------------------------------------------------------------------------
| Passenger load factor %       |      60,6 |   0,4 p |       59,4 |     1,3 p |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| NORTH ATLANTIC                |           |         |            |           |
--------------------------------------------------------------------------------
| Passengers  1000              |       9,7 |    32,7 |       21,7 |      26,5 |
--------------------------------------------------------------------------------
| Available seat-kilometres     |      81,9 |    29,4 |      178,7 |      23,1 |
| mill                          |           |         |            |           |
--------------------------------------------------------------------------------
| Revenue passenger kilometres  |      63,9 |    32,7 |      143,2 |      26,5 |
| mill                          |           |         |            |           |
--------------------------------------------------------------------------------
| Passenger load factor %       |      78,0 |   1,9 p |       80,1 |     2,1 p |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| ASIA                          |           |         |            |           |
--------------------------------------------------------------------------------
| Passengers  1000              |      97,7 |     4,8 |      203,8 |       3,6 |
--------------------------------------------------------------------------------
| Available seat-kilometres     |     911,0 |    -0,1 |    1 852,8 |      -4,2 |
| mill                          |           |         |            |           |
--------------------------------------------------------------------------------
| Revenue passenger kilometres  |     702,4 |     4,4 |    1 468,1 |       3,1 |
| mill                          |           |         |            |           |
--------------------------------------------------------------------------------
| Passenger load factor %       |      77,1 |   3,3 p |       79,2 |     5,6 p |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| DOMESTIC                      |           |         |            |           |
--------------------------------------------------------------------------------
| Passengers  1000              |     126,6 |   -16,9 |      249,6 |     -13,6 |
--------------------------------------------------------------------------------
| Available seat-kilometres     |     126,1 |   -14,9 |      254,7 |     -11,0 |
| mill                          |           |         |            |           |
--------------------------------------------------------------------------------
| Revenue pax-kilometres mill   |      73,3 |   -17,7 |      142,0 |     -14,2 |
--------------------------------------------------------------------------------
| Passenger load factor %       |      58,1 |  -2,0 p |       55,8 |    -2,0 p |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| LEISURE TRAFFIC               |           |         |            |           |
--------------------------------------------------------------------------------
| Passengers  1000              |     117,5 |     5,3 |      237,1 |       8,1 |
--------------------------------------------------------------------------------
| Available seat-kilometres     |     678,8 |    11,0 |    1 406,8 |      13,9 |
| mill                          |           |         |            |           |
--------------------------------------------------------------------------------
| Revenue passenger kilometres  |     639,9 |    10,2 |    1 320,8 |      13,0 |
| mill                          |           |         |            |           |
--------------------------------------------------------------------------------
| Passenger load factor %       |      94,3 |  -0,7 p |       93,9 |    -0,8 p |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| CARGO TRAFFIC                 |           |         |            |           |
--------------------------------------------------------------------------------
| Cargo scheduled traffic total |   6 107,9 |   -20,0 |   12 191,7 |     -20,5 |
| tonnes                        |           |         |            |           |
--------------------------------------------------------------------------------
| Europe tonnes                 |   1 362,5 |   -20,3 |    2 819,9 |     -20,1 |
--------------------------------------------------------------------------------
| North Atlantic tonnes         |     506,8 |     9,0 |    1 031,0 |       4,7 |
--------------------------------------------------------------------------------
| Asia tonnes                   |   4 001,5 |   -23,3 |    7 881,2 |     -23,2 |
--------------------------------------------------------------------------------
| Domestic tonnes               |     237,1 |    -4,9 |      459,6 |     -15,8 |
--------------------------------------------------------------------------------
| Cargo leisure traffic tonnes  |     109,7 |   176,8 |      226,4 |     215,3 |
--------------------------------------------------------------------------------
| Scheduled cargo charter       |      93,9 |   -69,8 |      248,6 |     -59,0 |
| tonnes                        |           |         |            |           |
--------------------------------------------------------------------------------
| Cargo tonnes total            |   6 311,5 |   -21,0 |   12 666,6 |     -20,9 |
--------------------------------------------------------------------------------
| Available tonne-kilometres*   |      75,6 |     0,3 |      156,5 |      -0,6 |
| mill                          |           |         |            |           |
--------------------------------------------------------------------------------
| Revenue tonne-kilometres mill |      35,2 |   -21,9 |       70,3 |     -21,6 |
--------------------------------------------------------------------------------
| Cargo load factor* %          |      46,5 | -13,2 p |       44,9 |   -12,1 p |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------

p= percentage points                                                            
Definitions to the terms used:                                                  
Change % refers to the change of the figures of the previous year               
Revenue passenger kilometres: Number of revenue passengers carried,multiplied by
kilometres flown.                                                               
Available passenger kilometres: Total number of seats available, multiplied by  
the number of kilometres flown.        
Available tonne kilometres: Number of tonnes of capacity for carriage of        
passengers, cargo and mail, multiplies by kilometres flown.                     
Cabin factor: Share of revenue passenger kilometres of available passenger      
kilometres.                                                                     
Overall load factor: Share of revenue tonne kilometres of available tonne       
kilometres.                                                                     

Next release on traffic statistics will be released on April 7, 2009.           

Finnair Oyj                                                                     
Communications                                                                  
March 9, 2009                                                                   

Taneli Hassinen                                                                 
VP Financial Communications and Investor Relations                              
Tel. +358 9 818 4976                                                            

For further information please contact:                                         
Mr. Christer Haglund. SVP Corporate Communications. tel. +358 9 818 4007        
Mr. Taneli Hassinen. VP Financial Communications and Investor Relations. tel.   
+358 9 818 4976                                                                 
Mr. Petteri Kostermaa. VP Traffic Planning. tel. +358 9 818 8504                
Mr. Timo Riihimäki. Vice President. Cargo. tel. +358 9 818 5487