Finnair lowers its turnover guidance for 2014

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| Source: Finnair Oyj
Finnair Plc. Stock Exchange Release 2 June 2014   at 14:30 EET

Finnair lowers its turnover guidance for 2014 due to the weaker than expected
unit revenue development.

New financial guidance:

The ongoing uncertain economic outlook in Europe and Asia is contributing to
weak consumer demand in our main markets. Air traffic is expected to grow
moderately in 2014. Finnair, however, will not be able to benefit from that
growth without progress in its cost savings program and its target cost
structure in place.

Finnair estimates its 2014 turnover to be significantly lower than in 2014. Fuel
costs are expected to remain high. The outcome of Finnair's ongoing employee
consultations and cost-saving negotiations will have a significant impact on
financial performance in 2014, and therefore the company will reconsider giving
guidance for its full-year 2014 financial performance after the savings
negotiations have been concluded.

Previous financial guidance:

The ongoing uncertain economic outlook in Europe and Asia is contributing to
weak consumer demand in our main markets. Air traffic is expected to grow
moderately in 2014.  Finnair, however, will not be able to benefit from that
growth without progress in its cost savings program and its target cost
structure in place.

Finnair estimates its turnover to be close to the previous year’s level in 2014.
Fuel costs are expected to remain high. The outcome of Finnair's ongoing
employee consultations and cost-saving negotiations will have a significant
impact on financial performance in 2014, and therefore the company will
reconsider giving guidance for its full-year 2014 financial performance after
the savings negotiations have been concluded.
FINNAIR PLC
Further information:
Finnair communications, 358 9 818 4020, comms(a)finnair.com

Distribution:
NASDAQ OMX Helsinki
Principal media