Decline in traffic continues, capacity cuts track fall in demand


In May Finnair's traffic declined by 11 per cent from the previous year.        
Scheduled traffic in May was 9.8 per cent lower than in 2008. Asian traffic     
declined by 10.8 per cent and North American traffic by 7.0 per cent. European  
traffic was 8.0 per cent lower and domestic traffic 13.9 per cent lower. In     
Cargo the fall in demand was sharper than in recent months and in May cargo     
volume declined by 28 per cent.                                                 
                                                                                
Due to the fall in demand, Finnair has cut its capacity significantly in all    
types of traffic. Capacity has been cut in domestic traffic by more than a      
quarter, in leisure traffic by a fifth and in Asian traffic by more than 17 per 
cent. Owing to the capacity cuts, passenger load factors improved from last     
year, but are still below the long-term average.                                
                                                                                
“We have succeeded in adjusting capacity better than last year. There is still  
space on aircraft, however, and flight ticket prices are low. Unit revenue for  
scheduled passenger traffic has continued to fall steeply throughout the early  
part of the year,” says Finnair SVP Communications Christer Haglund.            
                                                                                
Leisure traffic volume declined as expected from the previous month and was 16.8
per cent lower in May. In April, leisure traffic grew due to the Thailand season
continuing for longer than the previous year.                                   

Of Finnair's flights, 92.2 per cent arrived on schedule, which represents an    
improvement of 7.2 percentage points from last year. The scheduled passenger    
traffic punctuality percentage rose from April last year by 6.8 percentage      
points to 93.4 per cent.                                                        


Finnair traffic                                                                 
Finnair traffic altogether decreased by 11.0%, measured in revenue passenger    
kilometres. Capacity decreased by 16.3%. Passenger load factor was 4.2          
percentage points higher than year before, 69.1%. Number of passengers carried  
decreased by 11.3% and was 571 374.                                             

Scheduled traffic                                                               
Scheduled traffic decreased by 9.8%, measured in revenue passenger kilometres.  
Capacity decreased by 15.7%. Passenger load factor was 4.4 percentage points    
higher than year before, 66.8%. Number of passengers carried decreased by 10.2% 
and was 498 249.                                                                

Scheduled international traffic, decreased by 9.6%, measured in revenue         
passenger kilometres. Capacity decreased by 15.0%. Passenger load factor was 4.0
percentage points higher than year before, 67.2%. Number of passengers carried  
decreased by 10.0% and was 401 159.                                             

European scheduled traffic, decreased by 8.0%, measured in revenue passenger    
kilometres. Capacity decreased by 13.1%. Passenger load factor was 3.6          
percentage points higher than year before, 65.3%. Number of passengers carried  
decreased by 9.6% and was 311 782.                                              

North Atlantic scheduled traffic decreased by 9.1%, measured in revenue         
passenger kilometres. Capacity decreased by 7.0%. Passenger load factor was 1.7 
percentage points lower than year before, 76.5%. Number of passengers carried   
decreased by 9.1% and was 12 433.                                               

Asian scheduled traffic decreased by 10.8%, measured in revenue passenger       
kilometres. Capacity decreased by 17.4%. Passenger load factor was 4.9          
percentage points higher than year before, 67.5%. Number of passengers carried  
decreased by 12.0% and was 76 944.                                              

Domestic scheduled traffic decreased by 13.9%, measured in revenue passenger    
kilometres. Capacity decreased by 27.7%. Passenger load factor was 9.5          
percentage points higher than year before, 59.1%. Number of passengers carried  
decreased by 10.9% and was 97 090.                                              

Leisure traffic                                                                 
Leisure traffic decreased by 16.8%, measured in revenue passenger kilometres.   
Capacity decreased by 20.4%. Passenger load factor was 3.6 percentage points    
higher than year before, 84.7%. Number of passengers carried decreased by 18.1% 
and was 73 125.                                                                 

Cargo                                                                           
Cargo traffic decreased by 28.0% in terms of cargo tonnes carried.              

Decrease in scheduled traffic was 27.1%. Cargo traffic decreased by 28.5% in    
Asian traffic, decreases by 23.0% in European traffic and decreased by 28.3% in 
North-Atlantic traffic.                                                         

Cargo traffic carried on chartered cargo flights decreased by 60.7%. The cargo  
load factor in the Far Eastern traffic was 64.4% and in the North Atlantic      
traffic 57.7%.                                                                  

Full traffic performance data available at                                      
http://www.finnairgroup.com/linked/en/sijoittajat/Monthly_traffic_data_MAY_2009E
N.pdf                                                                           

Finnair Plc                                                                     
Communications                                                                  
9.6.2009                                                                        

Additional information:                                                         
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