Finnair Oyj

Business and Financial Review • Mar 8, 2011

Disclosure 285298

Finnair Oyj - Company Announcement

FINNAIR'S LONG-HAUL TRAFFIC GROWS

FINNAIR PLC STOCK EXCHANGE RELEASE 8 March 2011 AT 09:00 Finnair's traffic grew in February by just under 3%, measured in passenger kilometres, compared with February the previous year. Most growth took place in long-haul traffic - Asian traffic by more the 5% and North American traffic by just over 29%. "As demand picks up, we have increased capacity on our long-haul routes. Part of the additional capacity will be assigned to the Singapore route, which opens at the end of May," says Finnair's Chief Financial Officer Erno Hildén. The modest growth in Asian traffic is partly explained by the continued after-effects of the cabin crew strike, because there was less group travel. The Chinese New Year, which took place at the beginning of February, also reduced travel on Asian routes. In European traffic, capacity was increased by 8%, but the level of traffic fell by around 1%, so the load factor declined by just under than 6 percentage points. Due to capacity increases, load factors also fell slightly, as expected, in other types of traffic, with the exception of North America. In January-February, nearly 1.2 million passengers travelled on Finnair flights, which is over 3% more than in the corresponding period last year. Leisure traffic declined by 2%. Capacity was cut by just under 2%, which kept the load factor above 94%. The amount of cargo carried on Finnair flights grew by nearly 34% in February compared with February the previous year. Cargo demand has picked up, particularly in traffic between Europe and Asia, and the cargo aircraft traffic initiated last spring is also evident in the figures. The arrival punctuality of Finnair flights in February was 81%, which is nearly 15 percentage points better than last year. The arrival punctuality of scheduled flights was nearly 83%, which is more than 14 percentage points better than in February the previous year. FINNAIR'S TRAFFIC PERFORMANCE February 2011 January %-CHANG January-February %-CHANG 2011 E 2011 E TOTAL TRAFFIC Passengers 1000 585,0 2,1 1 193,2 3,3 Available seat kilometres mill 2 283,4 12,3 4 783,7 12,3 Revenue passenger kilometres 1 672,7 2,7 3 479,3 2,9 mill Passenger load factor % 73,3 -6,9 p 72,7 -6,6 p Cargo tonnes total 10 445,3 33,8 21 584,4 37,5 Available tonne kilometres 347,5 19,7 736,1 19,8 mill Revenue tonne-kilometres mill 213,0 10,9 442,9 12,0 Overall load factor % 61,3 -4,9 p 60,2 -4,2 p SCHEDULED TOTAL Passengers 1000 511,4 3,6 1 040,2 4,8 Available seat kilometres mill 1 842,8 16,3 3 854,6 16,4 Revenue passenger kilometres 1 257,3 4,3 2 607,8 4,7 mill Passenger load factor % 68,2 -7,9 p 67,7 -7,5 p EUROPE Passengers 1000 260,4 -0,7 534,7 0,1 Available seat kilometres mill 583,6 8,0 1 214,9 8,8 Revenue passenger kilometres 353,0 -1,1 721,7 -0,6 mill Passenger load factor % 60,5 -5,6 p 59,4 -5,6 p NORTH ATLANTIC Passengers 1000 9,9 29,2 22,0 14,8 Available seat kilometres mill 93,0 20,1 200,4 15,8 Revenue passenger kilometres 65,3 29,2 145,3 14,8 mill Passenger load factor % 70,2 4,9 p 72,5 -0,6 p ASIA Passengers 1000 104,0 4,8 217,7 5,7 Available seat kilometres mill 1 029,5 21,0 2 167,3 20,7 Revenue passenger kilometres 765,8 5,4 1 601,1 6,4 mill Passenger load factor % 74,4 -11,0 p 73,9 -9,9 p DOMESTIC Passengers 1000 137,2 10,0 265,7 14,1 Available seat kilometres mill 136,6 18,0 272,1 20,2 Revenue passenger kilometres 73,3 2,5 139,7 5,6 mill Passenger load factor % 53,6 -8,1 p 51,3 -7,1 p LEISURE TRAFFIC Passengers 1000 73,6 -7,5 153,0 -5,8 Available seat kilometres mill 440,7 -1,7 929,1 -2,0 Revenue passenger kilometres 415,4 -2,0 871,6 -2,1 mill Passenger load factor % 94,3 -0,2 p 93,8 -0,1 p CARGO TRAFFIC Cargo scheduled traffic total 8 441,9 10,8 17 074,1 11,6 tonnes Europe tonnes 1 749,8 21,8 3 505,0 19,1 North Atlantic tonnes 581,0 -8,7 1 298,2 9,9 Asia tonnes 5 921,7 10,7 11 901,7 10,3 Domestic tonnes 189,4 -4,2 369,1 -5,3 Cargo leisure traffic tonnes 51,3 -72,7 111,1 -72,3 Cargo flights tonnes 1 952,1 - 4 399,2 - Cargo tonnes total 10 445,3 33,8 21 584,4 37,5 Available tonne kilometres* 99,5 56,4 216,6 59,7 mill Revenue tonne kilometres mill 63,1 36,7 131,1 41,9 Cargo load factor* % 63,4 -9,1 p 60,5 -7,6 p - North-Atlantic cargo load 78,1 -23,0 p 81,1 -3,3 p factor* % - Asia cargo load factor* % 79,1 -4,8 p 75,1 -4,8 p - * = Operational calculatory capacity - Change %: Change compared to the figures of the respective periods in the previous year (p = percentage points) - Available seat kilometres, ASK: Total number of seats available, multiplied by the number of kilometres flown - Revenue passenger kilometres, RPK: Number of revenue passengers carried, multiplied by kilometres flown - Passenger load factor: Share of revenue passenger kilometres of available seat kilometres - Available tonne kilometres, ATK: Number of tonnes of capacity for carriage of passengers, cargo and mail, multiplied by kilometres flown - Revenue tonne kilometres, RTK: Total revenue load consisting of passengers, cargo and mail, multiplied by kilometres flown - Overall load factor: Share of revenue tonne kilometres of available tonne kilometres Next release on traffic statistics will be released on 8 April 2011. Finnair Plc Communications 8 March 2011 Taneli Hassinen VP Financial Communications and Investor Relations Tel. +358 9 818 4976 Additional information: Mr. Erno Hildén, CFO, tel. +358 9 818 8550 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. Antero Lahtinen, Managing Director, Finnair Cargo, tel. +358 9 818 5400