FINNAIR OYJ STOCK EXCHANGE RELEASE 7 APRIL 2009 AT 09:00 Finnair traffic decline in March by 8 per cent compared with March last year. A weakening of demand reduced the average price per passenger kilometre by more than 13 per cent in the first quarter of 2009. Business travel in particular has fallen sharply. “In these adverse economic conditions, Finnair must be ready to fight for customers and with demand being as it is, this has to be done with price. We have reacted to the fall in demand also by cutting capacity. This will take place mainly by reducing flight frequencies to our present destinations,” says Finnair's SVP Communications Christer Haglund. This year Finnair's scheduled passenger traffic capacity is expected to be a good six per cent less than in 2008. Weakened demand is also evident in load factors. Finnair's load factor in all traffic fell in March by 3.4 percentage points and in scheduled passenger traffic by 4.8 percentage points. Asian traffic declined in March by 15.5 per cent, due mainly to cuts in capacity. Capacity was reduced on Asian routes by 12 per cent. European traffic declined by 12.5 per cent and capacity was cut by 3.2 per cent. The Europe traffic load factor fell by 6.5 percentage points compared with March last year. Leisure Traffic grew in March by 6.1 per cent. The load factor, however, fell by 2.2 percentage points as capacity increased by 8.7 per cent. Of Finnair's flights, 88.0 per cent arrived on schedule, which represents an improvement of 17.9 percentage points from last year. The scheduled passenger traffic punctuality percentage rose from March last year by 18.0 percentage points to 90.9 per cent. Finnair traffic Finnair traffic altogether decreased by 8.0%, measured in revenue passenger kilometres. Capacity decreased by 3.7%. Passenger load factor was 3.4 percentage points lower than year before, 72.9%. Number of passengers carried decreased by 10.2% and was 668 437. Scheduled traffic Scheduled traffic decreased by 14.0%, measured in revenue passenger kilometres. Capacity decreased by 8.0%. Passenger load factor was 4.8 percentage points lower than year before, 67.0%. Number of passengers carried decreased by 12.1% and was 544 332. Scheduled international traffic, decreased by 14.1%, measured in revenue passenger kilometres. Capacity decreased by 8.0%. Passenger load factor was 4.8 percentage points lower than year before, 67.6%. Number of passengers carried decreased by 13.7% and was 381 890. European scheduled traffic, decreased by 12.5%, measured in revenue passenger kilometres. Capacity decreased by 3.2%. Passenger load factor was 6.5 percentage points lower than year before, 60.4%. Number of passengers carried decreased by 13.4% and was 280 415. North Atlantic scheduled traffic decreased by 9.2%, measured in revenue passenger kilometres. Capacity increased by 2.2%. Passenger load factor was 9.7 percentage points lower than year before, 77.4%. Number of passengers carried decreased by 9.2% and was 10 034. Asian scheduled traffic decreased by 15.5%, measured in revenue passenger kilometres. Capacity decreased by 12.0%. Passenger load factor was 2.9 percentage points lower than year before, 71.8%. Number of passengers carried decreased by 15.1% and was 91 441. Domestic scheduled traffic decreased by 13.4%, measured in revenue passenger kilometres. Capacity decreased by 7.0%. Passenger load factor was 4.5 percentage points lower than year before, 60.6%. Number of passengers carried decreased by 8.2% and was 162 442. Leisure traffic Leisure traffic increased by 6.1%, measured in revenue passenger kilometres. Capacity increased by 8.7%. Passenger load factor was 2.2 percentage points lower than year before, 87.4%. Number of passengers carried decreased by 0.5% and was 124 105. Cargo Cargo traffic decreased by 17.5% in terms of cargo tonnes carried. Decrease in scheduled traffic was 17.2%. Cargo traffic decreased by 22.1% in Asian traffic, decreased by 7.2% in European traffic and decreased by 19.6% in North-Atlantic traffic. Cargo traffic carried on chartered cargo flights decreased by 53.4%. The cargo load factor in the Asian traffic was 66.5% and in the North Atlantic traffic 60.8%. -------------------------------------------------------------------------------- | | Mar09 | %-CHANG | Jan09-Mar0 | %- | | | | E | 9 | CHANGE | -------------------------------------------------------------------------------- | TOTAL TRAFFIC | | | | | -------------------------------------------------------------------------------- | Passengers 1000 | 668,4 | -10,2 | 1 890,1 | -6,6 | -------------------------------------------------------------------------------- | Available seat-kilometres | 2 536,2 | -3,7 | 7 408,8 | -1,4 | | mill | | | | | -------------------------------------------------------------------------------- | Revenue passenger kilometres | 1 849,8 | -8,0 | 5 624,3 | 0,0 | | mill | | | | | -------------------------------------------------------------------------------- | Passenger load factor % | 72,9 | -3,4 p | 75,9 | 1,1 p | -------------------------------------------------------------------------------- | Cargo tonnes toatal | 7 561,6 | -17,5 | 20 228,2 | -19,6 | -------------------------------------------------------------------------------- | Available tonne-kilometres | 373,5 | -4,8 | 1 104,9 | -1,3 | | mill | | | | | -------------------------------------------------------------------------------- | Revenue tonne-kilometres mill | 207,2 | -11,0 | 616,0 | -4,7 | -------------------------------------------------------------------------------- | Overall load factor % | 55,5 | -3,8 p | 55,7 | -2,0 p | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | SCHEDULED TOTAL | | | | | -------------------------------------------------------------------------------- | Passengers 1000 | 544,3 | -12,1 | 1 528,9 | -8,9 | -------------------------------------------------------------------------------- | Available seat-kilometres | 1 801,5 | -8,0 | 5 267,4 | -6,0 | | mill | | | | | -------------------------------------------------------------------------------- | Revenue passenger kilometres | 1 207,3 | -14,0 | 3 661,0 | -4,9 | | mill | | | | | -------------------------------------------------------------------------------- | Passenger load factor % | 67,0 | -4,8 p | 69,5 | 0,8 p | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | EUROPE | | | | | -------------------------------------------------------------------------------- | Passengers 1000 | 280,4 | -13,4 | 789,9 | -10,3 | -------------------------------------------------------------------------------- | Available seat-kilometres | 641,7 | -3,2 | 1 821,4 | -6,3 | | mill | | | | | -------------------------------------------------------------------------------- | Revenue passenger kilometres | 387,4 | -12,5 | 1 087,8 | -8,4 | | mill | | | | | -------------------------------------------------------------------------------- | Passenger load factor % | 60,4 | -6,5 p | 59,7 | -1,3 p | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | NORTH ATLANTIC | | | | | -------------------------------------------------------------------------------- | Passengers 1000 | 10,0 | -9,2 | 31,7 | 12,5 | -------------------------------------------------------------------------------- | Available seat-kilometres | 85,6 | 2,2 | 264,4 | 15,4 | | mill | | | | | -------------------------------------------------------------------------------- | Revenue passenger kilometres | 66,2 | -9,2 | 209,4 | 12,5 | | mill | | | | | -------------------------------------------------------------------------------- | Passenger load factor % | 77,4 | -9,7 p | 79,2 | -2,1 p | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | ASIA | | | | | -------------------------------------------------------------------------------- | Passengers 1000 | 91,4 | -15,1 | 295,2 | -3,0 | -------------------------------------------------------------------------------- | Available seat-kilometres | 915,2 | -12,0 | 2 767,9 | -6,9 | | mill | | | | | -------------------------------------------------------------------------------- | Revenue passenger kilometres | 657,4 | -15,5 | 2 125,5 | -3,4 | | mill | | | | | -------------------------------------------------------------------------------- | Passenger load factor % | 71,8 | -2,9 p | 76,8 | 2,8 p | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | DOMESTIC | | | | | -------------------------------------------------------------------------------- | Passengers 1000 | 162,4 | -8,2 | 412,0 | -11,5 | -------------------------------------------------------------------------------- | Available seat-kilometres | 158,9 | -7,0 | 413,7 | -9,5 | | mill | | | | | -------------------------------------------------------------------------------- | Revenue pax-kilometres mill | 96,3 | -13,4 | 238,3 | -13,9 | -------------------------------------------------------------------------------- | Passenger load factor % | 60,6 | -4,5 p | 57,6 | -2,9 p | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | LEISURE TRAFFIC | | | | | -------------------------------------------------------------------------------- | Passengers 1000 | 124,1 | -0,5 | 361,2 | 5,0 | -------------------------------------------------------------------------------- | Available seat-kilometres | 734,7 | 8,7 | 2 141,4 | 12,0 | | mill | | | | | -------------------------------------------------------------------------------- | Revenue passenger kilometres | 642,5 | 6,1 | 1 963,3 | 10,6 | | mill | | | | | -------------------------------------------------------------------------------- | Passenger load factor % | 87,4 | -2,2 p | 91,7 | -1,2 p | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | CARGO TRAFFIC | | | | | -------------------------------------------------------------------------------- | Cargo scheduled traffic total | 7 299,5 | -17,2 | 19 491,1 | -19,3 | | tonnes | | | | | -------------------------------------------------------------------------------- | Europe tonnes | 1 699,9 | -7,2 | 4 519,8 | -15,7 | -------------------------------------------------------------------------------- | North Atlantic tonnes | 464,9 | -19,6 | 1 495,9 | -4,3 | -------------------------------------------------------------------------------- | Asia tonnes | 4 829,9 | -22,1 | 12 711,1 | -22,8 | -------------------------------------------------------------------------------- | Domestic tonnes | 304,7 | 51,7 | 764,3 | 2,3 | -------------------------------------------------------------------------------- | Cargo leisure traffic tonnes | 116,2 | 229,0 | 342,6 | 219,8 | -------------------------------------------------------------------------------- | Scheduled cargo charter | 145,9 | -53,4 | 394,5 | -57,1 | | tonnes | | | | | -------------------------------------------------------------------------------- | Cargo tonnes total | 7 561,6 | -17,5 | 20 228,2 | -19,6 | -------------------------------------------------------------------------------- | Available tonne-kilometres* | 78,4 | -7,2 | 234,9 | -2,9 | | mill | | | | | -------------------------------------------------------------------------------- | Revenue tonne-kilometres mill | 41,5 | -21,3 | 111,8 | -21,5 | -------------------------------------------------------------------------------- | Cargo load factor* % | 53,0 | -9,5 p | 47,6 | -11,3 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 May 7, 2009. Finnair Oyj Communications 7 April 2009 Taneli Hassinen VP Financial Communications and Investor Relations 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. Vice President. Cargo. tel. +358 9 818 5487