Finnair Oyj

Earnings Release • Oct 9, 2008

Disclosure 262815

Finnair Oyj - Company Announcement

FINNAIR'S LOAD FACTORS WERE UP, AVERAGE TICKET PRICES DOWN

FINNAIR OYJ STOCK EXCHANGE RELEASE 9 OCTOBER 2008 AT 09:00 Finnair scheduled traffic increased by 7.8% compared to September last year. Number of passengers on scheduled flights was 640 146, which is 1.1% more than in 2007. Passenger load factor in scheduled passenger traffic was 76.6%, 2.6 percentage points higher than last year. Scheduled traffic unit revenues, based on revenue passenger kilometers, decreased 4.1% in third quarter. Finnair's Asian traffic grew 14.2% compared to September in the previous year. Number of passengers on Finnair's Asian flights in September was 122 411, which is 15.0% more than a year ago. Passenger load factor on Asian flights grew by 5.6 percentage points up to 84.3%. RPKs in European traffic increased by 3.6%. Capacity cuts in domestic traffic continue. In September, capacity decreased by 7.3%, which improved passenger load factor. RPKs in Finnair Leisure traffic increased 3.7% in September and ASKs decreased 2.6%. Leisure flights' passenger load factor was improved by 5.3 percentage points to 86.0% compared to the previous year. Finnair total traffic increased by 7.1% in September, while the capacity was up by 3.1%, resulting in a passenger load factor of 77.9% or 2.9 points higher than last year. Finnair transported altogether 745 364 passengers, which is 0.9% more than a year ago. Arrival punctuality of Finnair flights was 83.5%, which is 3.2 percentage points higher than in September 2007. Arrival punctuality of scheduled flights went up 2.7 points and was 84.6% Scheduled traffic In scheduled traffic (international + domestic) revenue passenger kilometres increased by 7.8%. The change in capacity was 4.1%. Passenger load factor was 76.6%, 2.6 percentage points higher than last year. In scheduled international traffic, total number of passengers was up by 4.7%. Capacity in ASKs was 4.9%, while RPKs increased by 8.5%. In European scheduled traffic, ASKs increased by 3.4%, and as RPKs increased by 3.6%, the passenger load factor was 67.4%, up 0.1 points from previous year. In North Atlantic scheduled traffic, capacity was same. Change in RPKs was -10.0%, and passenger load factor for was 83.7%, -9.3 points lower than previous year. In Asian scheduled traffic, capacity increase was 6.5%. The passenger traffic was up by 14.2%. Passenger load factor was 84.3%, 5.6 percentage points up. Domestic scheduled traffic decreased by 5.3% on a capacity decrease of 7.3%. Passenger load factor increased by 1.3 percentage points to 60.9%. Leisure traffic ASKs for leisure traffic decreased in September by 2.6%, and RPKs increased by 3.7%, resulting in a passenger load factor of 86.0%, 5.3 points higher than last year. Cargo Cargo traffic decreased by 7.7% in terms of cargo tonnes carried. Decrease in scheduled traffic was 5.9%. Decrease in Asian traffic was 2.7%. Volume in European traffic decreased by 14.9%. In North-Atlantic traffic cargo volume decreased by 11.1%. The cargo load factor was 61.3%. The cargo load factor in Asian traffic was 68.2% and in the North Atlantic traffic 71.7%. -------------------------------------------------------------------------------- | | Sep08 | %-CHANG | Jan08-Sep0 | %- | | | | E | 8 | CHANGE | -------------------------------------------------------------------------------- | TOTAL TRAFFIC | | | | | -------------------------------------------------------------------------------- | Passengers 1000 | 745,4 | 0,9 | 6 248,2 | 1,8 | -------------------------------------------------------------------------------- | Available seat-kilometres | 2 376,1 | 3,1 | 21 702,0 | 12,6 | | mill | | | | | -------------------------------------------------------------------------------- | Revenue passenger kilometres | 1 851,9 | 7,1 | 16 224,3 | 10,4 | | mill | | | | | -------------------------------------------------------------------------------- | Passenger load factor % | 77,9 | 2,9 p | 74,8 | -1,5 p | -------------------------------------------------------------------------------- | Cargo tonnes toatal | 8 647,6 | -7,7 | 78 224,6 | 10,0 | -------------------------------------------------------------------------------- | Available tonne-kilometres | 375,1 | 5,0 | 3 357,3 | 13,8 | | mill | | | | | -------------------------------------------------------------------------------- | Revenue tonne-kilometres mill | 214,9 | 3,7 | 1 901,4 | 11,2 | -------------------------------------------------------------------------------- | Overall load factor % | 57,3 | -0,7 p | 56,6 | -1,3 p | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | SCHEDULED TOTAL | | | | | -------------------------------------------------------------------------------- | Passengers 1000 | 640,1 | 1,1 | 5 267,3 | 0,3 | -------------------------------------------------------------------------------- | Available seat-kilometres | 2 030,2 | 4,1 | 17 590,3 | 13,4 | | mill | | | | | -------------------------------------------------------------------------------- | Revenue passenger kilometres | 1 554,3 | 7,8 | 12 576,6 | 9,5 | | mill | | | | | -------------------------------------------------------------------------------- | Passenger load factor % | 76,6 | 2,6 p | 71,5 | -2,5 p | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | EUROPE | | | | | -------------------------------------------------------------------------------- | Passengers 1000 | 375,2 | 2,3 | 3 087,8 | 2,4 | -------------------------------------------------------------------------------- | Available seat-kilometres | 766,6 | 3,4 | 6 412,6 | 6,6 | | mill | | | | | -------------------------------------------------------------------------------- | Revenue passenger kilometres | 516,5 | 3,6 | 4 258,5 | 2,0 | | mill | | | | | -------------------------------------------------------------------------------- | Passenger load factor % | 67,4 | 0,1 p | 66,4 | -3,0 p | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | NORTH ATLANTIC | | | | | -------------------------------------------------------------------------------- | Passengers 1000 | 14,2 | -10,0 | 113,9 | 5,4 | -------------------------------------------------------------------------------- | Available seat-kilometres | 111,7 | 0,0 | 895,5 | 4,6 | | mill | | | | | -------------------------------------------------------------------------------- | Revenue passenger kilometres | 93,5 | -10,0 | 752,1 | 5,4 | | mill | | | | | -------------------------------------------------------------------------------- | Passenger load factor % | 83,7 | -9,3 p | 84,0 | 0,6 p | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | ASIA | | | | | -------------------------------------------------------------------------------- | Passengers 1000 | 122,4 | 15,0 | 964,5 | 15,1 | -------------------------------------------------------------------------------- | Available seat-kilometres | 1 039,0 | 6,5 | 9 227,5 | 22,5 | | mill | | | | | -------------------------------------------------------------------------------- | Revenue passenger kilometres | 875,7 | 14,2 | 6 941,7 | 17,4 | | mill | | | | | -------------------------------------------------------------------------------- | Passenger load factor % | 84,3 | 5,6 p | 75,2 | -3,3 p | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | DOMESTIC | | | | | -------------------------------------------------------------------------------- | Passengers 1000 | 128,3 | -11,0 | 1 101,1 | -14,5 | -------------------------------------------------------------------------------- | Available seat-kilometres | 112,8 | -7,3 | 1 054,6 | -4,7 | | mill | | | | | -------------------------------------------------------------------------------- | Revenue pax-kilometres mill | 68,7 | -5,3 | 624,2 | -8,2 | -------------------------------------------------------------------------------- | Passenger load factor % | 60,9 | 1,3 p | 59,2 | -2,2 p | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | LEISURE TRAFFIC | | | | | -------------------------------------------------------------------------------- | Passengers 1000 | 105,2 | -0,6 | 980,9 | 10,3 | -------------------------------------------------------------------------------- | Available seat-kilometres | 345,9 | -2,6 | 4 111,8 | 9,1 | | mill | | | | | -------------------------------------------------------------------------------- | Revenue passenger kilometres | 297,5 | 3,7 | 3 647,7 | 13,3 | | mill | | | | | -------------------------------------------------------------------------------- | Passenger load factor % | 86,0 | 5,3 p | 88,7 | 3,3 p | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | CARGO TRAFFIC | | | | | -------------------------------------------------------------------------------- | Cargo scheduled traffic total | 8 468,6 | -5,9 | 75 660,3 | 14,9 | | tonnes | | | | | -------------------------------------------------------------------------------- | Europe tonnes | 1 785,0 | -14,9 | 15 683,4 | -2,5 | -------------------------------------------------------------------------------- | North Atlantic tonnes | 714,7 | -11,1 | 5 544,4 | -0,7 | -------------------------------------------------------------------------------- | Asia tonnes | 5 662,6 | -2,7 | 52 128,4 | 25,0 | -------------------------------------------------------------------------------- | Domestic tonnes | 306,3 | 10,7 | 2 304,1 | -7,8 | -------------------------------------------------------------------------------- | Cargo leisure traffic tonnes | 25,3 | -29,1 | 280,9 | -20,1 | -------------------------------------------------------------------------------- | Scheduled cargo charter | 153,6 | -54,3 | 2 283,4 | -53,5 | | tonnes | | | | | -------------------------------------------------------------------------------- | Cargo tonnes total | 8 647,6 | -7,7 | 78 224,6 | 10,0 | -------------------------------------------------------------------------------- | Available tonne-kilometres* | 79,9 | 0,3 | 726,6 | 10,9 | | mill | | | | | -------------------------------------------------------------------------------- | Revenue tonne-kilometres mill | 49,0 | -6,4 | 448,0 | 13,9 | -------------------------------------------------------------------------------- | Cargo load factor* % | 61,3 | -4,4 p | 61,7 | 1,6 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 November 10, 2008. Finnair Oyj Communications October 9, 2008 Taneli Hassinen Vice President, Financial Communications and IR Tel. +358 9 818 4976 For further information please contact: Mr. Lasse Heinonen, SVP & CFO, tel. +358 9 818 4950 Mr. Christer Haglund, SVP Corporate Communications, tel. +358 9 818 4007 Mr. Petteri Kostermaa, VP Traffic Planning, tel. +358 9 818 8504 Mr. Timo Riihimäki, VP, Cargo, tel. +358 9 818 5487