newstodate.aero
Feb 05, 2010 (newstodate): The Finnair Group's turnover fell 18.5 percent from last year to 1,838 million euro, the operational result declined to a loss of 180 million, and the result before taxes was a loss of 134 million euros.
-2009 was a historically difficult year for the whole of air transport. For Finnair the situation was made particularly difficult by a sharp fall in demand in Finland as well as price competition, resulting from over-capacity on many of our main routes, says Mika Vehvil�inen, Finnair President & CEO.
A rapid deterioration of passenger and cargo demand during 2009 contributed to the decline in turnover.
In addition, the average price of flight tickets fell last year by 12 percent and cargo rates by 30 percent.
Over-all, Finnair's traffic contracted by nine percent in 2009.
-2009 was a historically difficult year for the whole of air transport. For Finnair the situation was made particularly difficult by a sharp fall in demand in Finland as well as price competition, resulting from over-capacity on many of our main routes, says Mika Vehvil�inen, Finnair President & CEO.
A rapid deterioration of passenger and cargo demand during 2009 contributed to the decline in turnover.
In addition, the average price of flight tickets fell last year by 12 percent and cargo rates by 30 percent.
Over-all, Finnair's traffic contracted by nine percent in 2009.