Finnair Oyj

Earnings Release • Jan 21, 2010

FINNAIR PLC STOCK EXCHANGE RELEASE 21.1.2010 1725

INTERIM INFORMATION ACCORDING TO FINNAIR'S RENEWED SEGMENTATION

As part of its operational efficiency programme, Finnair has changed the structure of its Group organisation. Finnair's business activities are now divided into five operational entities: Sales & Marketing, Operations, Customer Service, Travel Services and Aviation Services. The support functions are Economics and Finance, Human Resources Management, Communications and Public Affairs, Resource Management, Business Development and Legal Affairs.

The new Finnair Group organisational change came into force on 1 October 2009. Through the change, scheduled and leisure traffic will no longer be one of the Finnair Group's externally reporting business areas. As of 1 October 2009, the primary segments according to IFRS reporting will be: Airline Business, Aviation Services and Travel Services, Finnair's scheduled and charter traffic, cargo business and the fleet company Finnair Aircraft Finance are included in the Airline Business segment. Aurinkomatkat-Suntours is part of Travel Services in which are also included Travel Agency and Reservation System Services. Aviation Services segment will stay as earlier and it consists of Finnair Technical functions. Finnair catering functions and the ground handling company Northport and facilities service company Finnair Facilities Management. The result for the full year will be reported according to the new segment division. The geographical segments, Finland, Europe, Asia, North America and Others, are the secondary reporting form and it has not been changed.

SEGMENT INFORMATION ACCORDING TO THE NEW 1.10.2009 CHANGED SEGMENT DIVISION FROM YEAR 2009

The primary reported business segments are Airline Business, Aviation Services and Travel Services. The secondary reported geographical segments are Finland, Europe, Asia, North America and Others, and they have not been changed.

Excel Tables are found at http://www.finnairgroup.com/investors/investors_5_2.html

	Airline	Aviation	Travel	Group	Unallocated
	Business	Services	Services	eliminations	items	Group
EUR mill.
External turnover	373.2	28.2	114.3			515.7
Internal turnover	52.4	84.6	0.5	-137.5		0.0
Turnover	425.6	112.8	114.8	-137.5	0.0	515.7
Operating profit	-44.0	2.3	-2.3		19.7	-24.3
Share of results of
associated undertakings					0.0	0.0
Financial income					3.1	3.1
Financial expenses					-3.8	-3.8
Income tax					6.4	6.4
Minority interest					0.0	0.0
Result for the period						-18.6
Other items
Investments	118.7	8.6	0.8	0.0	0.1	128.2
Depreciation	20.2	5.7	0.3	0.0	0.5	26.7

PRIMARY REPORTING FORMAT - BUSINESS SEGMENT DATA 1 January – 31 March 2009

PRIMARY REPORTING FORMAT - BUSINESS SEGMENT DATA 1 January – 30 June 2009

	Airline	Aviation	Travel	Group	Unallocated
	Business	Services	Services	eliminations	items	Group
EUR mill.
External turnover	705.0	52.4	185.7			943.1
Internal turnover	83.2	162.0	1.0	-246.2		0.0
Turnover	788.2	214.4	186.7	-246.2	0.0	943.1
Operating profit	-95.1	2.1	-5.1		41.3	-56.8
Share of results of
associated undertakings					0.0	0.0
Financial income					4.0	4.0
Financial expenses					-7.5	-7.5
Income tax					15.7	15.7
Minority interest					-0.1	-0.1
Result for the period						-44.7
Other items
Investments	313.9	12.1	1.0	0.0	0.5	327.5
Depreciation	43.0	11.5	0.7	0.0	0.9	56.1

PRIMARY REPORTING FORMAT - BUSINESS SEGMENT DATA 1 January – 30 September 2009

	Airline	Aviation	Travel	Group	Unallocated
	Business	Services	Services	eliminations	items	Group
EUR mill.
External turnover	1 057.3	71.6	251.1			1 380.0
Internal turnover	109.7	238.6	1.4	-349.7		0.0
Turnover	1 167.0	310.2	252.5	-349.7	0.0	1 380.0
Operating profit	-138.8	22.5	-5.4		40.8	-80.9
Share of results of associated undertakings					0.0	0.0
Financial income					6.7	6.7
Financial expenses					-14.1	-14.1
Income tax					23.0	23.0
Minority interest					-0.1	-0.1
Result for the period						-65.4
Other items
Investments	322.1	15.3	1.0	0.0	0.4	338.8
Depreciation	72.7	20.4	0.9	0.0	2.5	96.5

TURNOVER

	2009	2009	2009	2009
	1 July-30 Sep	1 Apr-30 June	1 Jan-31 Mar	1 Jan-30 Sep
EUR mill.
Airline Business	378.8	362.6	425.6	1 167.0
Aviation Services	95.8	101.6	112.8	310.2
Travel Services	65.8	71.9	114.8	252.5
Group eliminations	-103.5	-108.7	-137.5	-349.7
Total	436.9	427.4	515.7	1 380.0

OPERATING PROFIT EXCLUDING THE DISPOSAL OF THE CAPITAL ASSETS AND FAIR VALUE CHANGES OF DERIVATIVES AND NON-RECURRING ITEMS

	2009	2009	2009	2009
	1 July-30 Sep	1 Apr-30 June	1 Jan-31 Mar	1 Jan-30 Sep
EUR mill.
Airline Business	-28.3	-51.1	-44.0	-123.4
Aviation Services	-4.7	-0.2	2.3	-2.6
Travel Services	-0.4	-2.8	-2.3	-5.5
Unallocated items	-3.0	-2.8	-3.5	-9.3
Total	-36.4	-56.9	-47.5	-140.8

EMPLOYEES AVERAGE BY SEGMENT

	2009	2009	2009
	1 Jan-31 Mar	1 Jan-30 June	1 Jan-30 Sep
Airline Business	4 185	4 060	3 991
Aviation Services	3 429	3 447	3 435
Travel Services	1 385	1 360	1 322
Other functions	231	231	232
Finnair Group. Total	9 230	9 098	8 980

PRIMARY REPORTING FORMAT - BUSINESS SEGMENT DATA 1 January – 31 March 2008

	Airline	Aviation	Travel	Group	Unallocated
	Business	Services	Services	eliminations	items	Group
EUR mill.
External turnover	426.1	26.5	120.3			572.9
Internal turnover	51.1	83.4	0.6	-135.1		0.0
Turnover	477.2	109.9	120.9	-135.1	0.0	572.9
Operating profit	5.2	2.6	4.7		-3.7	8.8
Share of results of
associated undertakings					0.0	0.0
Financial income					5.4	5.4
Financial expenses					-9.9	-9.9
Income tax					-1.2	-1.2
Minority interest					0.0	0.0
Result for the period						3.1
Other items
Investments	46.4	17.7	0.3	0.0	0.0	64.4
Depreciation	19.6	7.3	0.5	0.0	0.3	27.7

PRIMARY REPORTING FORMAT - BUSINESS SEGMENT DATA 1 January – 30 June 2008

	Airline Business	Aviation Services	Travel Services	Group eliminations	Unallocated items	Group
EUR mill.
External turnover	867.0	55.1	196.0			1 118.1
Internal turnover	81.9	166.3	1.2	-249.4		0.0
Turnover	948.9	221.4	197.2	-249.4	0.0	1 118.1
Operating profit	0.8	7.0	4.0		17.1	28.9
Share of results of
associated undertakings					0.0	0.0
Financial income					12.6	12.6
Financial expenses					-18.7	-18.7
Income tax					-6.3	-6.3
Minority interest					0.0	0.0
Result for the period						16.5
Other items
Investments	115.5	28.6	0.4	0.0	0.3	144.8
Depreciation	37.4	55.1	0.9	0.0	0.6	51.4

PRIMARY REPORTING FORMAT - BUSINESS SEGMENT DATA 1 January – 30 September 2008

	Airline	Aviation	Travel	Group	Unallocated
	Business	Services	Services	eliminations	items	Group
EUR mill.
External turnover	1 325.2	79.3	272.3			1 676.8
Internal turnover	110.8	250.7	1.7	-363.2		0.0
Turnover	1 436.0	330.0	274.0	-363.2	0.0	1 676.8
Operating profit	7.6	7.8	7.1		-19.1	3.4
Share of results of
associated undertakings					0.0	0.0
Financial income					18.0	18.0
Financial expenses					-21.6	-21.6
Income tax					-1.1	-1.1
Minority interest					0.0	0.0
Result for the period						-1.3
Other items
Investments	182.5	36.2	0.5	0.0	0.5	219.7
Depreciation	56.8	22.4	1.3	0.0	1.0	81.5

PRIMARY REPORTING FORMAT - BUSINESS SEGMENT DATA 1 January – 31 December 2008

	Airline	Aviation	Travel	Group	Unallocated
	Business	Services	Services	eliminations	items	Group
EUR mill.
External turnover	1 765.4	106.8	383.6			2 255.8
Internal turnover	155.3	339.0	2.3	-496.6		0.0
Turnover	1 920.7	445.8	385.9	-496.6	0.0	2 255.8
Operating profit	-16.9	10.9	12.0		-63.9	-57.9
Share of results of
associated undertakings					0.3	0.3
Financial income					22.1	22.1
Financial expenses					-26.7	-26.7
Income tax					16.1	16.1
Minority interest					-0.2	-0.2
Result for the period						-46.3
Other items
Investments	196.1	34.2	1.2	0.0	1.3	232.8
Depreciation	77.4	30.5	1.9	0.0	0.4	110.2

TURNOVER

	2008	2008 2008		2008	2008
	1 Oct-31 Dec	1 Jul-30 -Sep	1 Apr-30 June	1 Jan-31 Mar	1 Jan-31 Dec
EUR mill.
Airline Business	484.7	487.1	471.7	477.2	1 920.7
Aviation Services	115.8	108.6	111.5	109.9	445.8
Travel Services	111.9	76.8	76.3	120.9	385.9
Group eliminations	-133.4	-113.8	-114.3	-135.1	-496.6
Total	579.0	558.7	545.2	572.9	2 255.8

OPERATING PROFIT EXCLUDING THE DISPOSAL OF THE CAPITAL ASSETS AND FAIR VALUE CHANGES OF DERIVATIVES AND NON-RECURRING ITEMS

	2008	2008	2008	2008	2008
				1 Jan
	1 Oct-31 Dec	1 Jul-30 - Sep	1 Apr-30 June	31 Mar	1 Jan-31 Dec
EUR mill.
Airline Business	-23.0	-0.5	1.0	3.1	-19.4
Aviation Services	5.0	1.9	4.4	2.5	13.8
Travel Services	5.3	3.1	-0.8	4.7	12.3
Unallocated items	-1.0	-2.4	0.0	-2.5	-5.9
Total	-13.7	2.1	4.6	7.8	0.8

EMPLOYEES AVERAGE BY SEGMENT

	2008	2008	2008	2008
	1 Jan-31 Mar	1 Jan-30 June	1 Jan-30 Sep	1 Jan-31 Dec
Airline Business	4 194	4 248	4 280	4 280
Aviation Services	3 540	3 632	3 658	3 650
Travel Services	1 443	1 442	1 426	1 419
Other functions	249	251	250	246
Finnair Group. Total	9 426	9 573	9 614	9 595