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Robust growth continues for Finnair
Friday, August 12, 2005
Finnair traffic, measured in passenger kilometers, increased by 10.5% in July, while the capacity was up by 8.3%, resulting in a passenger load factor of 78.7% or 1.6 points higher than last year. All Finnair Group airlines altogether transported 703,700 passengers, which is 10.1% more than a year ago. Number of passengers in scheduled international traffic grew as much as 16.1%.

Finnair scheduled traffic increased by 9.8% compared to July last year. Passenger load factor was 75.4%, up 3.1 percentage points. Number of passengers carried was 550,000, up 9.7%.

Leisure traffic rose by 12.3% and passenger number by 11.7%. Passenger load factor descended 4.6 percentage points to 89.1%.

Finnair`s Tallinn-based subsidiary Aero AS, carried 44,700 passengers (+405.8%) on routes between Helsinki and the Baltic capitals and within Southern Finland. During July, Stockholm-based flynordic continued to gain market share and carried 95,900 passengers (+212.6%). Aero and flynordic figures are respectively included in Finnair Group total figures.

Arrival punctuality of Finnair scheduled flights was 91.6% and that of all operations was 89.9%. According to the statistics by Association of European Airlines, Finnair is the European number one in arrival punctuality.

Scheduled traffic

Leisure traffic

Cargo
Vicky Karantzavelou - Friday, August 12, 2005
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How do you expect luxury travel to perform in times of economic downturn?.

Providers of luxury travel products are going to witness shorter stays by their customers and an increase in seasonality.

People are going to become more value conscious and will opt for those luxury offers that represent a convincing value-for-money proposition. Providers of overpriced services are those to feel the pinch.

Both people paying for their personal trips and firms paying for their top executives' business trips will cut back on travel expenses, thus affecting all luxury travel providers.

It is going to be business as usual. Those people opting for high-end travel products are not going to be affected by the looming crisis.

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