Interim Report 1 January ndash; 30 June 2010.ppt

Presentation name / Author Finnair Group Interim Report 1 January – 30 June 2010 Sector recovering Recovering fastest in Asia and slowest in Europe Sector profit forecast for current year 2.5 billion dollars Ash cloud adversely affected European airlines in particular; 30?million euros of direct losses for Finnair Passenger demand returned to growth Business travel picked up clearly, except in Finland Cargo demand is growing strongly, particularly in Asia Improved price level Finnair’s profitability clearly improved Strong improvement in demand and average price in second quarter; turnover rose by 10.8% Operational loss 13.6 million euros, loss of 30 mill. euros caused by the ash crisis Cargo clearly profitable Efficiency programme reduced unit costs by 6.4% Unit revenues in scheduled traffic improved by 5.8% Passenger load factor is good Cash flow from operations now positive Balance sheet and cash position remain strong Service quality on a high level Significant openings into new markets Finnair and Air Berlin start co-operation as of November Significant opening into the highest purchasing power market in Europe Air Berlin to become oneworld member in 2012 Kingfisher’s membership in oneworld opens up huge Indian market for Finnair Cooperation between members in North Atlantic traffic approved by the authorities Cooperation with Japan Airlines expands to European internal flights Flybe new partner in feeder traffic, potential for extended co-operation Operational result improved A better profitability trend Positive trend in unit revenues and cost development Efficiency program lowered unit costs Improved productivity Polttoaineen hinta nousussa Finnair’s long-haul fleet grows Harmonised Airbus long-haul fleet, average age 2.5 years Later this year one more A330 aircraft and at turn of year two more A340 aircraft. Next year a total of 15 long-haul Airbus aircraft Five new Airbus A321ER aircraft for leisure traffic 2013-14 Last MD-11 aircraft were sold; one