Finnair Oyj

Earnings Release • Oct 24, 2013

Disclosure 310208

Finnair Oyj - Company Announcement

Finnair lowers its financial guidance for 2013

Finnair Plc. Stock Exchange Release 24 October 2013 at 16.00 p.m. EET Finnair lowers its financial guidance regarding turnover and operational profit for 2013 due to the weakening unit revenue development. New financial guidance: The weak visibility of air traffic development continues due to the uncertain economic outlook in Europe and slower growth in Asia. Fuel costs are expected to remain high in the last quarter of 2013, and the demand for air traffic is estimated to grow moderately. Due to the continuing negative effect of the weak yen on unit revenue in Japanese sales, and the deterioration of cargo and leisure traffic revenues, Finnair expects its turnover in 2013 to be below the 2012 level. Unit costs excluding fuel (CASK excl. fuel) are expected to decrease compared to 2012. If the strong deterioration of unit revenues continues in the last quarter of the year, it is possible that Finnair will not reach a profitable operational result in 2013. Previous financial guidance: The uncertain economic outlook in Europe, weakened consumer demand and slower growth in Asia increase the uncertainty of the future development of air traffic. Fuel costs are expected to remain high in 2013 as well, and the demand for air traffic is estimated to grow moderately. Due to the negative effect of the weak yen on unit revenue in Japanese sales, Finnair expects its turnover in 2013 to be largely unchanged from 2012. Unit costs excluding fuel (CASK excl. fuel) are expected to decrease compared to 2012. Finnair estimates that its operational result will show a profit in 2013. Finnair's interim report for 1 January - 30 September 2013 will be published tomorrow, Friday 25 October 2013. Finnair Plc Board of Directors Further information: Finnair Media Desk, tel. +358 9 818 4020, comms(a)finnair.com