Finnair Group Interim Report January 1 – March 31, 2011
FINNAIR GROUP INTERIM REPORT JANUARY 1 – MARCH 31, 2011 28. huhtikuuta 2011 1 Key Facts from the First Quarter 1 Industry continues on growth track • Air Traffic on the rise: – IATA estimate for the capacity growth 6%* in 2011 – Weak Net Profit Margins expected (1.4 %) • External disturbances and overcapacity have a negative effect on the load factors, the fuel cost increase cannot be transferred to ticket prices • Finnair Q1 traffic +12.1% (ASK): – Asian traffic grew 20.2% (ASK) – Asian traffic revenue +23% – Global corporate sales +19%, outside Finland +43% • Finnair Passenger load factor 72.6% – Q4 2010 Strike continued to have an effect on Asian leisure demand during Q1 – Events in Japan , Middle East and Africa affected strongly on the Q1 sales • Cargo continued to develop positively, revenue up by 57% * compared with previous year Traffic Region Development Q1 2011 vs. Q1 2010 North Atlantic Europe Asia ASK 15,1 % ASK 9,7 % ASK 20,2 % RPK 9,6 % RPK -0,8 % RPK 5,0 % PLF% -3,7 %-p PLF% -6,4 %-p PLF% -10,7 %-p Traffic revenue 18,8 % Traffic revenue 0,4 % Traffic revenue 22,9 % Leisure traffic Domestic Total ASK -3,1 % ASK 20,0 % ASK 12,1 % RPK -3,8 % RPK 5,1 % RPK 1,7 % PLF% -0,7 %-p PLF% -7,6 %-p PLF% -7,4 %-p Traffic revenue -2,3 % Traffic revenue 9,6 % Traffic revenue 9,4 % Cargo ATK 62,4 % RTK 42,5 % CLF% -8,7 %-p Traffic revenue 57,0 % 2 We are Investing in Growth and Partnerships • Singapore route launch in May 2011; outlook positive • We are developing our cooperation in feeder fraffic and cargo to enable growth and to increase
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