CONTACT INFORMATION. Finnair Plc Helsinki-Vantaa Airport Tietotie 11 A FI FINNAIR

Size: px
Start display at page:

Download "CONTACT INFORMATION. Finnair Plc Helsinki-Vantaa Airport Tietotie 11 A FI-01053 FINNAIR"

Transcription

1 CONTACT INFORMATION Finnair Plc Helsinki-Vantaa Airport Tietotie 11 A FI FINNAIR Switchboard Senior Vice President Communications Christer Haglund Telephone Fax Senior Vice President and CFO Lasse Heinonen Telephone Fax Director, Investor Relations Taneli Hassinen Telephone Fax Investor Relations Telephone Fax

2 The 2006 annual report is intended to be a travel guide into the world of Finnair. We are a reliable airline, we have a comprehensive route network and we provide first class service. Our customers are satisfied. We realised in time the growth potential of Asian traffic and got down to work in the company. We could tell people how good our connections are via Helsinki from Europe to Asia and vice versa. A map of Asia and new aircraft. This is good material for a travel guide. Shall we continue with these themes? Christer Haglund, SVP Communications and Jukka Hienonen, President and CEO

3 Indeed. We have already achieved our vision Best in Northern Skies, European Excellence. Now we will emphasise our role in traffic between Europe and Asia. CONTENT S Information for Shareholders...4 Absolutely. We have a story of strong growth to tell. We must remember to mention that we are in strong shape financially, as we start to invest in a new Asian fleet. Key Figures Invest in Finnair...6 Traffic Information and Fleet...7 Review by the President & CEO...9 On Finnish Wings to the Ends of the Earth...10 Europe s Fastest Link to India...13 Let s do that. I, for one, have complete faith in this The Welcoming Warmth of Thailand...15 Nagoya A Third Destination in Japan...17 Daily to Exhilarating Shanghai...19 Finnair s Success Factors...20 Finnair and Society...22 Scheduled Passenger Traffic...24 Leisure Traffic...25 Travel Services...26 Aviation Services...27 Board of Directors and Auditors...28 Group Management...30 The Financial Report 2006 is published separately

4 INF ORMATION F OR SHAREHOLDERS The Annual General Meeting of Finnair Plc will be held on 22 March 2007 at 3 pm at the Helsinki Fair Centre, Messuaukio 1, Congress Wing Entrance, Hall C1. Notice of attendance at the Annual General Meeting (AGM) must be given at the latest by 4 pm on 20 March Notice of attendance can be given by post to the address Finnair Plc, Share Register HEL-AAC/5, FI FINNAIR, by fax to , by telephone from Monday to Friday 9 am 4 pm to , or by to Letters, faxes or s regarding notice of attendance must have arrived before the period of notice of attendance ends. Shareholders who are entered at the latest by 12 March 2007 in the Company s register of shareholders maintained by the Finnish Central Securities Depository Ltd, or who are holders of nominee-registered shares and who on 12 March 2007 are temporarily entered in the register of shareholders in the manner specified in Chapter 4 Article 2 of the Companies Act, are entitled to attend the AGM. Shareholders whose shares have not been transferred to the book-entry system are not entitled to attend the AGM. Board of Directors Proposal on the Dividend According to the financial statements on 31 December 2006, the distributable equity of Finnair Plc amounts to million euros. The Board of Directors proposes to the Annual General Meeting that a dividend of 0.10 euros per share be distributed, a total of 8.9 million euros, and that the remainder of the distributable equity be carried over as retained earnings. Financial information In the financial year 2007, interim reports will be published in Finnish, Swedish and English: Q1 (1 January 31 March 2007) 4 May 2007 at 9 am Q2 (1 January 30 June 2007) 9 August 2007 at 9 am Q3 (1 January 30 September 2007) 1 November 2007 at 9 am Ordering the Annual Report The Annual Report 2006 will be published in print in Finnish, Swedish and English in week 9. Orders: tel , fax , Electronic Annual Report The electronic Annual Report will be published on the internet in Finnish, Swedish and English at the address Changes of address Shareholders are kindly requested to notify any changes of address to the custodian of their bookentry account. KEY FIGURES 2006 FINNAIR GROUP KEY FIGURES Net sales EUR million 1,990 1,871 1,683 1,558 1,656 Operating profit (adjusted), EBIT* EUR million Operating profit (adjusted)*, % turnover % Operating profit, EBIT EUR million Result before taxes EUR million Unit revenues on flight operations cents/rtk Unit costs on flight operations cents/atk Earnings per share EUR Equity per share EUR Gross investment EUR million Interest-bearing net debt EUR million Equity ratio % Gearing % Adjusted gearing % Return on capital employed (ROCE) % Average number of employees 9,598 9,447 9,522 9,981 10,476 * excluding capital gains, arrangement expenses and changes in fair value of derivatives

5 5 TURNOVER EUR mill. 2,000 1,600 1, ADJUSTED EBIT* EUR mill % of turnover % RESULT BEFORE TAXES EUR mill K e y F i g u r e s * excluding capital gains, fair value changes of derivatives and arrangement expenses RETURN ON CAPITAL EMPLOYED Unit revenues and costs ADJUSTED GEARING % Change Unit revenues, c/rtk % Unit costs, c/atk % REVENUE TONNE KILOMETRES NUMBER OF PASSENGERS PASSENGER LOAD FACTOR PVG = Shanghai, Pudong Airport AY057 = Finnair flight number PNR = booking reference TAG: = baggage tag number PRT:0892 = tells which printer has printed the tag mill. tnkm 2,500 2,000 1,500 1, International Domestic mill. passengers International Domestic %

6 6 I n v e s t i n F i n n a i r FINNAIR GROUP INVES T IN FINNAIR MARKET LEADER Finnair is the market leader in air transport to and from Finland as well as in gateway traffic passing through Finland. Finnair has a growing role in passenger and cargo traffic between Europe and Asia. CAPITALISING ON E-BUSINESS Finnair is improving its competitiveness and cost effeciency by taking advantage of opportunities provided by e-business in sales and customer service. SCHEDULED PASSENGER TRAFFIC Finnair Scheduled Passenger Traffic Aero FlyNordic Finnair Cargo Oy Finnair Aircraft Finance Oy STRONG GROWTH Air transport is a growth sector. Finnair s business objective is sustainable, profitable growth in the rapidly expanding Asian travel market. Helsinki is located on the main flight path between Europe and Asia, which means that Finnair has Europe s largest natural market area in Asian traffic. Finnair s Asian services have tripled in five years, and growth in 2007 will be 30 per cent. Finnair s modern fleet enables it to realise this growth. SUPERBLY NETWORKED Finnair belongs to the alliance of quality airlines, oneworld. Cooperation brings Finnair worldwide visibility as well as extra revenue and cost savings. Finnair also has bilateral agreements that extend its network. MANAGEMENT CULTURE AND VALUES LEISURE TRAFFIC Finnair Leisure Traffic Oy Aurinkomatkat Suntours Ltd Ab AVIATION SERVICES Finnair Technical Services Northport Oy (ground handling) Finnair Catering Oy Finncatering Oy Finnair Facilities Management Oy TRAVEL SERVICES Finland Travel Bureau Ltd (SMT) A/S Estravel Ltd Mikkelin Matkatoimisto Area Travel Agency Ltd Amadeus Finland Oy Finnair Travel Services Oy TOP SERVICE QUALITY in EUROPE Finnair s service quality has been rated high and the company is operationally one of the best in Europe. Finnar s goal is to be the most desirable option as a provider of travel services. A customer loyalty scheme enables us to provide an increasingly personal and comprehensive service to customers. Finnair systematically develops its services on the basis of feedback gathered from customers. BRAND The Finnair brand is strong in the company s main market areas. The brand values have been extended into dimensions that communicate the kind of airline that Finnair wishes to be and for what it wishes to be known. Finnair s brand values are safety, Finnishness, freshness and developing. They are timeless and distinguish Finnair from competitors. Finnair is known as one of the most punctual and reliable airlines in the industry. SUCCEEDING IN COMPETITION Finnair s success in a competitive environment is based on an excellent network, pricing on market terms and high quality service. Finnair is strengthening its competitive position by making effective use of various distribution channels and by continually developing new services and travel products. Finnair is managed by values. Finnair s values are a functioning working community, continuous development, customer orientation and profitability. The values support and aid Finnair employees in the choices and decisions they make in their daily work. PROFESSIONAL PERSONNEL A professionally skilled, motivated and committed work force is an asset that Finnair values highly. Finnair actively works to promote the job satisfaction and competence of staff in a rapidly changing operating environment. Personnel structure is developed in accordance with business objectives. Incentive schemes support the implementation of Finnair Group s strategy. CORPORATE SOCIAL RESPONSIBILITY Finnair recognises its responsibility as part of the structures of society and as a long-term actor in Finland and its main market areas. An open, responsible and active environmental policy is a permanent feature of the company s way of doing business which is evident, for example, in our environmentally positive aircraft acquisitions. Finnair also participates in social responsibility projects. FINANCIAL TARGETS The setting of financial targets is based on the company s intention to generate economic added value. The target is reached if a six per cent operating profit margin, namely an operating profit level of more than one hundred million euros is achieved.

7 TRAFFIC INF ORMATION AND FLEET FINNAIR TRAFFIC PERFORMANCE Flight hours 211, , , , ,681 Flight kilometres (1,000) 133, , , , ,838 Available seat kilometres. mill. 23,846 23,038 21,907 18,644 17,785 Revenue passenger kilometres. mill. 17,923 16,735 15,604 12,971 12,793 Passenger load factor % Available tonne kilometres. mill. 3,602 3,400 3,162 2,636 2,491 Airbus A340 Boeing MD-11 7 Tr a f f i c I n f o r m a t i o n a n d F l e e t Revenue tonne kilometres. mill. 2,100 1,940 1,791 1,470 1,439 Overall load factor % Airbus A321 Passengers (1,000) 8,792 8,517 8,149 6,849 7,037 Cargo and mail (1,000 kg) 93,807 90,242 86,245 73,416 72,084 Boeing 757 FINNAIR GROUP FLEET 31 DECEMBER 2006 Airbus A319 Seats Number Owned Leased Average age Airbus A Airbus A320 Airbus A Airbus A Airbus A Boeing MD Boeing B Embraer 170 Embraer Embraer Embraer 190 ATR 72* Boeing MD-82/83** Total ATR 72 (Aero) * The ATR 72 aircraft are operated by Aero Airlines ** The Boeing MD-80 series aircraft are operated by FlyNordic Boeing MD-80 (FlyNordic) The average age of the fleet operated by the parent company s Scheduled Passenger Traffic was 5.6 years on 31 December 2006

8

9 9 >> Capitalising on the opportunities in traffic between Europe and Asia drives decision-making in Finnair. Growth must be tapped into now. >> Massive investments require resources. We are securing our ability to grow by improving our profitability. EN ROUTE To ASIA Just over a year ago I stepped into the captain s shoes at Finnair proved to be a transition year in Finnair s earnings development, and in many ways it represented a preparation for a new departure. We are purposefully building Finnair into an airline focused on Europe-Asia traffic. In this endeavour we have the keys to success. Our organisation, fleet and above all our way of thinking are directed to fulfilling this objective. The location of our home base on the flight path between Europe and Asia is the best place in Europe for implementing our chosen strategy. For onward connections, our Asian flights need an extensive route network in Europe. And this we have. Finnair is the best option for the traveller who has no direct flight connection between Europe and Asia. Welcome to Helsinki, where you can change aircraft without pointless delays. The expanding Helsinki-Vantaa Airport is a pleasant place to make onward connections. Whether you are travelling from west to east or vice versa. R e v i e w b y t h e P r e s i d e n t & C E O >> Focusing on core business changes structures proved to be a transition year in Finnair s earnings development a year of structural change. The year 2007 is looking good. This year we expect to increase our Asian traffic by a third. We are preparing ourselves for strong growth with a massive fleet modernisation. This spring we will acquire two new wide-bodied aircraft, and next year two more. At the beginning of the next decade we will have a completely new long-haul fleet. Our European fleet is already the most modern and efficient on the continent. Big investments require resources. For this reason we are now concentrating principally on profitability and financial performance. As we embark on these large projects, we aim to maintain our financial health and an ability to steer an independent course. For a captain to succeed in his leadership tasks, he needs an expert crew and a sturdy vessel. Success in changing conditions requires a steady nerve, but I believe there to be no lack of this among Finnair staff. I would like to thank the Group s personnel for the contribution they have made in what have been difficult conditions for the airline industry. My gratitude is also due to customers and shareholders for the trust they shown in us to date. Join us on a new voyage! Jukka Hienonen President and CEO

10 10 ON FINNISH WINGS TO THE ENDS OF THE EARTH The well-known Finnair brand creates positive images. In Finnair, safety is a fundamental outlook. The customer can relax. Reliability is the best Finnish quality. Promises are kept. >> Brand values represent the company s strategic intent. It s important to set targets and to work purposefully to fulfil them. Finnair s brand values are safety, Finnishness, freshness and developing. Finnair is a strong Finnish brand that increasingly arouses positive thoughts elsewhere in the world, too. >> Safety, the most important criterion of Finnair s operations, is apparent in the Group s systematic and consistent way of working. Sound finances facilitate investments in up-to-date aircraft and keep them in good condition. Personnel look after the customers at every stage of their journey also in exceptional circumstances. >> A timetable is a commitment made to the customer. Punctuality is one of the best Finnish virtues. Finnair s service means warm friendliness, genuine care and attention, and acting effectively for the best of the customer. Finnish straight forwardness and good commonsense help in a wide range of situations.

11 11 O n F i n n i s h W i n g s t o t h e E n d s o f t h e E a r t h Service is refreshingly different - of quality and with perspective. New services are developed to make the customer s journey easier. The Finnair brand is strong. One senses it everywhere. >> Finnair s service environment is updated continually to ensure that it is up-to-date, fresh and a delight for the eye. Customer areas and tools are stylish, neat and tidy. Customers are approached in an uncomplicated and friendly. Finnair s service is genuine and clear. >> Finnair s new aircraft provide the most comfortable and efficient air travel experience. Modern, technical innovations facilitate the customer s life, and the path travelled by the customer is made as easy and carefree as possible. Operations are examined continually for new development opportunities it is in these that the innovations of tomorrow are found. >> Finnair is one of the best known brands in the company s home market, but recognition of the airline is also growing rapidly elsewhere. Blue-andwhite Finnair is quickly being confirmed as a synonym for quality in new markets. More and more people in Asia know who has the best connection to Europe not only the fastest, but also the most comfortable.

12

13 EUROPE S FAS TES T LINK TO INDIA Finnair has the fastest link between the world s two largest democracies, the EU and India. Thanks to Helsinki s geographical location, the flight time to Delhi is only 6 hours and 30 minutes. Finnair is the only airline in Northern Europe offering a route to India. The new connection is of particular interest to Indian travellers. Finnair opened its route to Delhi in October Interest in the route has been great from the very start. Initially, Finnair has been flying to Delhi three times a week, but on account of strong demand the number of weekly flights will rise to seven in spring At the same time, a new route to Mumbai will be launched with five weekly flights. The fast Delhi link serves Nordic companies, which already have many factories, sales companies and joint ventures in India. There is also great demand for the route from further afield in Europe, because only a few European capitals have a direct connection to Delhi. For example, there is no connection from the EU capital Brussels. India is actually more a continent than a country; it has as many states and official languages as Western Europe. The whole of India can t be conquered in an instant, but Finnair flies to Delhi and Mumbai, from where good connections radiate to every corner of the country. India is the world s second most populous country and a growing economic giant whose gross national product is expanding at around eight per cent per year. Indian business and leisure travel is growing in double-digit figures. Business relations with Europe are tightening and the country s 300 million-strong middle class are constantly looking for new travel destinations. India s developing economy is also having a strong impact on demand for air freight. Cargo traffic from India to Europe is growing strongly. Delhi captivates with its smiles. India is a land of opportunity for travellers and business life alike. When I travel from Stockholm to Delhi, Finnair is absolutely the best option. The connection through Helsinki saves me nearly one and a half hours in travel time compared to other airlines. Changing aircraft at Helsinki-Vantaa Airport is a pleasant experience, because the distances between terminals are short. The lounge services are also excellent. Tina Engström, Sales Director, Stockholm 13 E u r o p e s F a s t e s t L i n k t o I n d i a STOCKHOLM HELSINKI STOCKHOLM - HELSINKI - DELHI 9 h 10 min DELHI Finnair has a fast link between Europe and wonderful India. We invest in service. There are also Indian cabin staff on our flights.

14

15 THE WELCOMING WARMTH OF THAIL AND Finnair s Asian traffic began with the Bangkok route 30 years ago. Since then, Thailand has become overwhelmingly the most popular long-haul destination for Nordic holidaymakers. Finnair flies to Bangkok up to twice a day.the Bangkok flights are also increasingly popular among business travellers. Finnair s first destination in Asia was Bangkok. Initially, the route was operated only in the winter season, once a week with a DC-8 aircraft. Now Finnair has scheduled flights to Thailand daily throughout the year. During the high season, from December to March, Finnair flies to Bangkok up to twice a day. The flights arrive at Bangkok s new, modern Suvarnabhumi Airport, which opened in September The number of passengers between Finland and Thailand has grown steadily. In the first year, fewer than 3,500 passengers travelled on the Bangkok route, while in 2006 nearly 60 times that number, over 200,000 people, were carried for both leisure and business. Of the European airlines flying to Bangkok, Finnair is the second largest. Finnair s Bangkok route differs from its other Asia routes in that demand for the flights comes principally from Finland and Scandinavia. Thailand is above all a holiday destination, because its climate, developed services and reasonable prices are attractive to tourists. The growth of the tourist industry in Thailand has also increased business travel from Bangkok to European destinations. As well as city holidays, travellers are also interested in Thailand s beach resorts, to which there are excellent connections from Bangkok. Finnair also flies leisure flights direct to Thailand s holiday paradises. The warm climate and Thai friendliness attract travellers to the country all year round. 15 T h e W e l c o m i n g W a r m t h o f T h a i l a n d Our family goes every year to Thailand at the darkest time of winter to seek light therapy and relaxation away from the pressures of work. We have always flown with Finnair, because we know that the company will take care of its customers in all circumstances. In our opinion, Finnair is particularly good at looking after child passengers. Reija and Kari Tanskanen and their children Tino and Essi, Lahti HELSINKI HELSINKI BANGKOK 9 h 45 min Bangkok was Finnair s first long-haul destination; the route opened in BANGKOK Finnair flies to Bangkok up to twice a day.

16

17 NAGOYA A THIRD DES TINATION IN JAPAN Nagoya is Finnair s latest launch in Japan. The service to the main hub of central Japan, an economic area of 20 million people, began in June 2006 with a schedule of three flights a week. Thanks to excellent transit connections, Finnair offers the fastest link between Nagoya and over 20 European capitals. Nagoya, which has a population of around two million, is situated on the east coast of Japan between Tokyo and Osaka. In terms of income levels it is one of Japan s most affluent cities. Nagoya is known as the headquarters of the car manufacturer Toyota. The Finnair route serves the cluster of vehicle and electronics manufacturers that has grown up around Toyota, both in terms passengers and air cargo. In addition to the automotive industry, Nagoya is also renowned for its textile industry and ceramics. Finnair s Nagoya flights account for around 20 per cent of flight capacity between Nagoya and Europe. Four fifths of passengers on the route are Japanese. Finnair is the only airline that flies from Northern Europe to all three of Japan s most important cities Tokyo, Osaka and Nagoya. Connections to Japan improved further when in December Finnair doubled its number of flights to Tokyo from two to four a week. With additional frequencies planned for spring 2007, Finnair will become the third largest western airline operating between Europe and Japan. Japanese travellers chose Finnair as their favourite western airline in a survey conducted by AB-ROAD Magazine, the country s best known travel magazine. Finnair s meals and drinks were the world s best in the opinion of the Japanese, as were the other aspects of its cabin service. The survey found that Finnair is an airline on which Japanese would also like to travel again. Finnair has flown to Japan since 1983 first over the North Pole, and now three hours faster along the northern Siberia flight path. The flights have had Japanese-speaking cabin service staff from the very beginning. Japan has many faces. Under the modern surface, centuries-old traditions are cherished. I often fly between Nagoya and St. Petersburg on business. The new Helsinki-Nagoya connection means that the flight time is four hours less than before. Finnair has excellent links not only to St. Petersburg, but also to the rest of Europe. I value the business class lie-flat seats, because they allow me to use the air journey for rest. In this way I am in good shape for work after the flight. Akinobu Sato, automation specialist, Nagoya 17 N a g o y a a T h i r d D e s t i n a t i o n i n J a p a n HELSINKI NAGOYA ST PETERSBURG NAGOYA - HELSINKI - ST PETERSBURG 12 h 15 min Finnair is the only airline that flies from Northern Europe to all three of Japan s most important cities: Tokyo, Osaka and Nagoya.

18

19 DAILY TO EXHIL ARATING SHANGHAI In the last ten years, on the east coast of China midway between Beijing and Hong Kong, a new Shanghai has risen, with lights and skyscraper silhouettes that leave Manhattan in the shade. Finnair flies every day of the week to China s biggest city exhilarating, pulsating Shanghai. Shanghai is China s leading centre of business life. It has grown at a stunning rate. China has the world s fastest growing market, and Shanghai is becoming a financial hub for the whole of Asia. Foreign investment is streaming into the city at a rate of 10 billion euros a year. The financial and banking world as well as technology companies are among those to favour Shanghai. Shanghai is also one of China s most popular tourist cities, receiving more than seven million visitors every year. The city provides an excellent window on to the modern Chinese way of life. Finnair was the first oneworld airline to begin a service to Shanghai, with a weekly schedule of three flights in Now daily Shanghai flights serve the travel needs of many Finnish and European companies, and provide direct cargo links to one of China s most important economic areas. Like most Asian connections, the Shanghai flight departs from Helsinki late in the afternoon. This ensures that flights arriving from Europe enjoy good onward connections to the Shanghai service. Correspondingly, passengers on the return flight can connect smoothly with Finnair s European departures. Finnair s China service began in 1988 with a one flight a week schedule to Beijing. Now, during the high season, the airline operates more than one hundred flights a month, to Guangzhou, Beijing and Hong Kong, in addition to Shanghai. Excluding Guangzhou, Finnair has connections every day to its Chinese destinations. The skyscrapers of the Pudong area symbolise Shanghai s rapid development as a hub of Asia s financial life. For Spaniards, Finnair is an excellent option when they are travelling to China, as a flight connection is necessary somewhere in Europe. Helsinki may at first glance seem rather remote, but the direction is right, because all European airlines fly to China over Helsinki. For me, Finnair is the number one choice. Nuria Lopez Romero, Product Manager, Madrid 19 D a i l y t o E x h i l a r a t i n g S h a n g h a i BARCELONA HELSINKI BARCELONA-HELSINKI SHANGHAI 14 h 55min SHANGHAI In China, Finnair flies to Beijing, Guangzhou and Hong Kong, in addition to Shanghai. In the high season there are one hundred flights a month to China.

20 20 FINNAIR S SUCCESS FACTORS Finnair delivers service Success in competition between airlines is to a large extent based on service quality and the added value experienced by the customer. That s why service development plays a central role in Finnair. Located on a stream of passengers Finnair s Asia strategy is based on the Helsinki Gateway concept, which delivers the fastest connections between Asia and Europe. The route network is developing in both Asia and Europe. The starting point for good service is to offer customers the best connections. Finnair s route network and flight frequency give customers the opportunity to plan journeys according to their individual needs. Cooperation with the oneworld alliance and other airlines extends the customer s options further. A key factor in good service is keeping promises. As Europe s most punctual airline, Finnair carries its customers on schedule. Finnair s Network Control Centre looks after customers in various situations, including exceptional circumstances, as they travel across the route network. Finnair s in-flight service is highly valued. Finnair pays attention to its customers opinions when developing its service. The Finnair Plus frequent-flyer scheme has more than 550,000 active members, who are taken into account in Finnair s service chain. Frequent flyers value services that make travelling easier. Loyalty customers who travel most can enjoy the company s lounge services. Finnair leads the field in the development of electronic services. The use of the electronic flight ticket, or e-ticket, means that it is quick and easy both to purchase a ticket and check in for a flight on the internet. Finnair s route network is a mesh of hundreds of pairs of cities, connecting Asia and Europe. Every new Asian route opens up 40 new connections between Asian and European destinations. At the same time, a vast number of direct links are created for Finnish customers. Most people travelling between Europe and Asia need to make at least one flight change, because the majority of travellers have no direct connection available to them. The shortest route from Central Europe to Asia runs over Helsinki. An atlas is misleading, but this can be seen easily on a globe. Helsinki is the first European capital when flying from Asia to Europe. And Helsinki opens up the whole of Europe. Compared with the giant airports of Europe, making a flight transfer at Helsinki-Vantaa is easily accomplished, in a little more than half an hour. Finnair s objective is to fly daily to as many destinations as possible. Travel planning becomes easier when there is a flight connection every day. Such destinations in 2007 are Bangkok, Delhi, Hong Kong, Osaka, Beijing and Shanghai. A new Asian destination, Mumbai in India, will open in spring On account of growing Asian traffic, Finnair is also opening new routes in Europe. Finnair s in-flight service is rated one of the best in Europe. FINNAIR SERVICE STANDS OUT Top punctuality in Europe Lie-flat seats in business class on all long-haul flights Prize-winning wine cellar Service developed according to customers wishes Advanced electronic services A flight transfer at Helsinki-Vantaa Airport is fast and efficient. CONNECTING ASIA AND EUROPE More than 50 international and 15 domestic route destinations At Helsinki, the shortest transfer time between international flights is only 35 minutes One new Asian route creates 40 new connections between Asia and Europe. Daily non-stop connections to most Asian destinations

Finnair Group. Financial Statement 1 January 31 December 2007

Finnair Group. Financial Statement 1 January 31 December 2007 Finnair Group Financial Statement 1 January 31 December 2007 Finnair clearly above European level European network airlines grew five per cent, Finnair s scheduled traffic 18.5 per cent Finnair fastest

More information

COMPANY FORUM 2005 Copenhagen, 26.5.2005

COMPANY FORUM 2005 Copenhagen, 26.5.2005 Lasse Heinonen, CFO COMPANY FORUM 2005 Copenhagen, 26.5.2005 Den Danske Finansanalytikerforening On blue and white wings since 1923 Over 8 million passengers/year Turnover 1.7 billion euro 9 000 employees

More information

Finnair Group Interim Report 1 January 30 June 2010

Finnair Group Interim Report 1 January 30 June 2010 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

More information

Financial Statement 1 Jan 31 Dec 2010

Financial Statement 1 Jan 31 Dec 2010 Financial Statement 1 Jan 31 Dec 2010 A turn to growth in the sector Demand in passenger and cargo traffic turned up Business travel has clearly picked up Moderate capacity growth, load factors on healthy

More information

Going local and engaging with the world. Finnair. Maarit Keränen

Going local and engaging with the world. Finnair. Maarit Keränen Going local and engaging with the world Finnair Maarit Keränen Finnair Who we are More than 8.7 million passengers and 2.4 billion EUR in revenue in 2012 Modern, fuel efficient and streamlined fleet Member

More information

A NEW SILK ROAD ANNUAL REVIEW 2005 www.f innair.com/2005

A NEW SILK ROAD ANNUAL REVIEW 2005 www.f innair.com/2005 A NEW SILK ROAD ANNUAL REVIEW 2005 www.f innair.com/2005 Content s Information for Shareholders...2 Traffic Information and Fleet...3 Key Figures 2005...4 Finnair in Brief...5 Review by the President

More information

INTERIM REPORT 1 Jan - 30 Jun 2002. Second quarter operational result better than last year

INTERIM REPORT 1 Jan - 30 Jun 2002. Second quarter operational result better than last year FINNAIR - GROUP INTERIM REPORT 1 Jan - 30 Jun 2002 Second quarter operational result better than last year Summary of second quarter key figures Turnover 421.1 million euros (Q2/2001: 440.2 million) Profit

More information

Finnair Group Interim Report 1 January 30 September 2010

Finnair Group Interim Report 1 January 30 September 2010 Finnair Group Interim Report 1 January 30 September 2010 Cautious growth in the sector Demand has gradually returned during this year Business travel has clearly picked up Capacity has increased less quickly

More information

Finnair Q2 result info

Finnair Q2 result info Finnair Q2 result info 15 August 2014 CEO Pekka Vauramo CFO Erno Hildén 1 Product upgrades: Customers spoke, we listened Signature meals and new buy onboard menu, Sky Bistro Lounge renewals New In-flight

More information

Finnair Q3 Result 2012. 26 October 2012

Finnair Q3 Result 2012. 26 October 2012 Finnair Q3 Result 2012 26 October 2012 1 Content Market environment in Q3 Business performance and strategy execution Outlook Financials 2 Finnair Q3 Result, 26 October 2012 Market Environment The global

More information

FINNAIR - GROUP. INTERIM REPORT Jan. 1- Jun. 30 2001. Operational result for January - June at the previous year s level, the second quarter weaker

FINNAIR - GROUP. INTERIM REPORT Jan. 1- Jun. 30 2001. Operational result for January - June at the previous year s level, the second quarter weaker FINNAIR - GROUP INTERIM REPORT Jan. 1- Jun. 30 2001 Operational result for January - June at the previous year s level, the second quarter weaker Turnover during the second quarter (1. Apr.- 30.Jun. 2001)

More information

Finnair Q1 result info

Finnair Q1 result info Finnair Q1 result info 7 May 2014 CEO Pekka Vauramo CFO Erno Hildén 1 Updated mission and strategic targets 2 Our Mission Offer the smoothest connections in the northern hemisphere via Helsinki, and the

More information

FINNAIR GROUP FINNAIR GROUP FINANCIAL STATEMENT JAN 1 - DEC 31, 2002

FINNAIR GROUP FINNAIR GROUP FINANCIAL STATEMENT JAN 1 - DEC 31, 2002 FINNAIR GROUP FINNAIR GROUP FINANCIAL STATEMENT JAN 1 - DEC 31, 2002 Profit before taxes 54.4 million euros Operational result improved by 31.5 million euros Summary of key figures - Turnover 1,639.9 million

More information

Interim Report 1 Jan 31 March 2002

Interim Report 1 Jan 31 March 2002 FINNAIR - GROUP Interim Report 1 Jan 31 March 2002 A slight loss on operations Turnover 389.2 million euros (Q1/2001: 420.1 million) Profit before depreciations, leasing payments and capital gains (EBITDAR)

More information

Finnair Group Financial year January 1-December 31, 2001

Finnair Group Financial year January 1-December 31, 2001 Finnair Group Financial year January 1-December 31, 2001 State of the airline industry Business travel dropped dramatically Events of September 2001 From beauty contest to fight for survival Production

More information

+100% +100% America-Asia: 16 million. passengers now, 32 million. in Europe-Asia: 30 million. passengers now, 60 million. in 2017.

+100% +100% America-Asia: 16 million. passengers now, 32 million. in Europe-Asia: 30 million. passengers now, 60 million. in 2017. Annual REVIEW 2007 www.f innair.com/gr oup +100% America-Asia: 16 million passengers now, 32 million in 2017. +100% Europe-Asia: 30 million passengers now, 60 million in 2017. CONTENTS From pole position

More information

Air Dispatch and Finnair

Air Dispatch and Finnair 1 Amadeus Air Dispatch and Finnair Amadeus Altéa Departure Control Flight Management Air Dispatch and Finnair Case Study A customer success story on the benefits of centralising load control operations

More information

Norwegian Air Shuttle Corporate Fact Sheet

Norwegian Air Shuttle Corporate Fact Sheet Norwegian Air Shuttle Corporate Fact Sheet Leadership Bjørn Kjos, CEO Headquarters P.O. Box 115 Oksenøyveien 3 1330 Fornebu Norway About the Company Norwegian Air Shuttle ASA, commercially branded Norwegian,

More information

FINNAIR GROUP KEY FIGURES

FINNAIR GROUP KEY FIGURES Financial report 2007 www.finnair.com/group FINANCIAL REPORT CONTENTS Finnair Group Key Figures... 2 Board of Directors Report... 4 Shares and Shareholders...16 Financial Indicators 2005 2007... 20 Calculation

More information

Air China Limited Announces 2014 Annual Results

Air China Limited Announces 2014 Annual Results Air China Limited Announces 2014 Annual Results Hong Kong March 26, 2015 Air China Limited ( Air China or the Company, together with its subsidiaries, collectively the Group ) (HKEX: 00753; LSE: AIRC;

More information

Finnair Group Interim Report 1 January 31 March 2009

Finnair Group Interim Report 1 January 31 March 2009 Finnair Group Interim Report 1 January 31 March 2009 Airlines results in the red The whole sector is in crisis; weak results commonplace Weakening of demand has led to discounting Decline in cargo demand

More information

Our strategy and objectives

Our strategy and objectives British Airways 2009/10 Annual Report and Accounts 27 Our strategy and objectives our business FOCUSED ON OUTSTANDING CUSTOMER SERVICE Meeting the rising expectations of our customers remains central to

More information

FINNAIR - GROUP. INTERIM REPORT 1 Jan. - 30 Sept. 2001

FINNAIR - GROUP. INTERIM REPORT 1 Jan. - 30 Sept. 2001 FINNAIR - GROUP INTERIM REPORT 1 Jan. - 30 Sept. Third Quarter result considerably weaker than for the year before. The result for will show a loss. The operating loss for July-September was 10.0 million

More information

Air China Limited Announces 2013 Annual Results

Air China Limited Announces 2013 Annual Results Air China Limited Announces 2013 Annual Results Hong Kong March 26, 2014 Air China Limited ( Air China or the Company, together with its subsidiaries, collectively the Group ) (HKEX: 00753; LSE: AIRC;

More information

Cheap flight tickets and expensive fuel undermined profitability

Cheap flight tickets and expensive fuel undermined profitability FINNAIR GROUP FINANCIAL STATEMENT FOR THE FINANCIAL PERIOD 1 JANUARY 31 DECEMBER 2008 Cheap flight tickets and expensive fuel undermined profitability Summary of 2008 key figures Turnover rose 3.8% to

More information

Financial Statement 1Jan - 31Dec2001. A significant weakening in profits in difficult circumstances

Financial Statement 1Jan - 31Dec2001. A significant weakening in profits in difficult circumstances FINNAIR - GROUP Financial Statement 1Jan - 2001 A significant weakening in profits in difficult circumstances Turnover 1,631.0 million euros (calendar year 2000: 1,658.1 million) Profit before depreciation,

More information

Finnair Investor Presentation. November 2012

Finnair Investor Presentation. November 2012 Finnair Investor Presentation November 2012 1 Content Company highlights Strategy implementation yielding results Positive trend in business performance strengthens market position Outlook Fleet and investments

More information

A N N UA L R E P O R T 2 0 01 www.f innair.com/2001

A N N UA L R E P O R T 2 0 01 www.f innair.com/2001 ANNUAL REPORT 2001 www.finnair.com/2001 CONTENTS Information for Shareholders... 1 Key Figures 2001... 2 Review by the Chief Executive Officer... 3 Finnair in Brief... 4 Gateway to the East... 6 Scheduled

More information

EASYJET TRADING STATEMENT FOR THE QUARTER ENDED 31 DECEMBER 2014

EASYJET TRADING STATEMENT FOR THE QUARTER ENDED 31 DECEMBER 2014 27 January 2015 easyjet Trading Statement Page 1 of 7 A. HIGHLIGHTS: EASYJET TRADING STATEMENT FOR THE QUARTER ENDED 31 DECEMBER 2014 Drive demand, conversion and yields across Europe Seats flown grew

More information

Norwegian Air Shuttle Corporate Fact Sheet

Norwegian Air Shuttle Corporate Fact Sheet Norwegian Air Shuttle Corporate Fact Sheet Leadership Bjørn Kjos, CEO Headquarters P.O. Box 115 Oksenøyveien 3 1330 Fornebu Norway About the Company Norwegian Air Shuttle ASA, commercially branded Norwegian,

More information

Destination Management Company

Destination Management Company Destination Management Company Message from Chairman of the Board BORIS ŽGOMBA Since it was founded in 1996, travel agency Uniline has reached the status of one of the leading destination management companies

More information

Our strategy and objectives

Our strategy and objectives 24 / British Airways 2008/09 Annual Report and Accounts Our strategy and objectives In an incredibly tough trading environment we have to focus hard on pulling ourselves through the immediate crisis, while

More information

Norwegian UK set to takeoff as airline is granted UK Air Operating License

Norwegian UK set to takeoff as airline is granted UK Air Operating License Norwegian UK set to takeoff as airline is granted UK Air Operating License New Norwegian UK subsidiary will open the door for further UK expansion and potential new routes to Asia, South America and South

More information

Scandinavian ferry market development. the Tallink expansion

Scandinavian ferry market development. the Tallink expansion Scandinavian ferry market development the Tallink expansion Baltic Sea Market area Global passenger traffic Tallink routes 600 500 536 (in million) 400 300 200 100 0 291 187 166 133 Asia America Baltic

More information

Finnair Cargo Efficient Air Freight via Helsinki and Brussels

Finnair Cargo Efficient Air Freight via Helsinki and Brussels Finnair Cargo 2014 Efficient Air Freight via Helsinki and Brussels Finnair Cargo long-haul network From November 2013*: Added freighter frequency to Brussels hub on Fridays New 2 x weekly freighter service

More information

Wednesday 24 th August 2011 EMBARGOED 1130 (FINNISH TIME)

Wednesday 24 th August 2011 EMBARGOED 1130 (FINNISH TIME) Press Release Wednesday 24 th August 2011 EMBARGOED 1130 (FINNISH TIME) FLYBE ANNOUNCES EXTENSIVE NEW ROUTE NETWORK FOLLOWING COMPLETION OF FINNCOMM ACQUISITION

More information

2015 Annual Results 26 August 2015 Christopher Luxon CEO Rob McDonald CFO

2015 Annual Results 26 August 2015 Christopher Luxon CEO Rob McDonald CFO 2015 Annual Results 26 August 2015 Christopher Luxon CEO Rob McDonald CFO 1 The year in review Another year of earnings growth: Normalised earnings* before taxation $496 million, up 49.4% Statutory net

More information

Air China Limited Announces 2015 Annual Results

Air China Limited Announces 2015 Annual Results Air China Limited Announces 2015 Annual Results Hong Kong March 30, 2016 Air China Limited ( Air China or the Company, together with its subsidiaries, collectively the Group ) (HKEX: 00753; LSE: AIRC;

More information

Recommendations Flight emissions should be managed as an input cost rather than an inevitable output of flight operations.

Recommendations Flight emissions should be managed as an input cost rather than an inevitable output of flight operations. Gerry Mattios is a principal in Bain & Company's Beijing office. He is a leader in Bain's Performance Improvement practice with deep expertise in the Supply Chain Management sector. He has more than 15

More information

TIGER AIRWAYS HOLDINGS LIMITED (Incorporated in the Republic of Singapore) Company Registration Number: 200701866W

TIGER AIRWAYS HOLDINGS LIMITED (Incorporated in the Republic of Singapore) Company Registration Number: 200701866W TIGER AIRWAYS HOLDINGS LIMITED (Incorporated in the Republic of Singapore) Company Registration Number: 200701866W TIGER AIRWAYS ALMOST TRIPLES PROFIT BEFORE TAX TO $57.0 MILLION FOR THE FINANCIAL YEAR

More information

FINNAIR GROUP INTERIM REPORT JANUARY 1 - MARCH 31, 2003 Profitability weakened significantly

FINNAIR GROUP INTERIM REPORT JANUARY 1 - MARCH 31, 2003 Profitability weakened significantly FINNAIR GROUP INTERIM REPORT JANUARY 1 - MARCH 31, 2003 Profitability weakened significantly Summary of first quarter key figures - Turnover 400.3 million euros (Q1/2002: 391.1 million) - Operating profit

More information

Narita Airport continues to expand its network in the 2015 Summer Schedule

Narita Airport continues to expand its network in the 2015 Summer Schedule Airport continues to expand its network in the 2015 Summer Schedule - All Nippon Airways (ANA) to add international services at! - kyo, 11 December 2014: international Airport Corporation (NAA) is delighted

More information

Visit Finland Visitor Survey 2014

Visit Finland Visitor Survey 2014 2 Visit Finland Visitor Survey 2014 Visit Finland Studies 1 Finpro, Visit Finland Helsinki 2015 3 Table of Contents Abstract... 5 Introduction... 6 Trips to Finland... 8 Day visitors, tourists staying

More information

The Boeing ER Facts and figures

The Boeing ER Facts and figures The Boeing 777-300ER Facts and figures Boeing 777-300ER: The new SWISS flagship The Boeing 777-300ER SWISS SWISS will be renewing its long-haul aircraft fleet through the acquisition of nine Boeing 777-300ERs

More information

OPPORTUNITIES IN RUSSIAN ON-LINE MARKET AND LOGISTICS SOLUTIONS FOR DELIVERIES

OPPORTUNITIES IN RUSSIAN ON-LINE MARKET AND LOGISTICS SOLUTIONS FOR DELIVERIES OPPORTUNITIES IN RUSSIAN ON-LINE MARKET AND LOGISTICS SOLUTIONS FOR DELIVERIES CISLog Oy 30.03.2014 1 Introduction This report has been conducted based on an assignment of Hamina/Kotka regional development

More information

Double digit revenue growth in Q4

Double digit revenue growth in Q4 Double digit revenue growth in Q4 Group revenues of MNOK 2,145 in Q4 2010, 23 % growth since last year Domestic revenue: MNOK 848 (+5%) International revenue: MNOK 1,297 (+37%) Revenues 1,145 1,615 1,750

More information

Low cost airlines What's in it for tourism?

Low cost airlines What's in it for tourism? TRAVEL, LEISURE & TOURISM Low cost airlines What's in it for tourism? Executive summary ADVISORY Our supporters: 3 Introduction Methodology of research study The KPMG study is based on a series of primary

More information

Norwegian Air International Will Create American Jobs, Boost Tourism and Give Americans Affordable Transatlantic Airfares

Norwegian Air International Will Create American Jobs, Boost Tourism and Give Americans Affordable Transatlantic Airfares Norwegian Air International Will Create American Jobs, Boost Tourism and Give Americans Affordable Transatlantic Airfares Bjørn Kjos speech at the International Aviation Club in Washington, DC, November

More information

NORWEGIAN AIR SHUTTLE ASA 1

NORWEGIAN AIR SHUTTLE ASA 1 NORWEGIAN AIR SHUTTLE ASA 1 The Company Norwegian Air Shuttle ASA (NAS), often referred to only as Norwegian, is a Norwegian low-cost airline founded in 1993 by Bjørn Kjos. The company is a continuation

More information

Legislative Council Panel on Economic Services. Government s Views on the Proposed Acquisition of Dragonair by Cathay Pacific

Legislative Council Panel on Economic Services. Government s Views on the Proposed Acquisition of Dragonair by Cathay Pacific LC Paper No. CB(1)1972/05-06(02) For discussion on 18 July 2006 Legislative Council Panel on Economic Services Government s Views on the Proposed Acquisition of Dragonair by Cathay Pacific Introduction

More information

Tourism 2020 Vision. World Tourism Organization

Tourism 2020 Vision. World Tourism Organization Tourism 2020 Vision V o l u m e 4 World Tourism Organization Capitán Haya 42, 28020 Madrid, Spain Tel: 34915678100; Fax: 34915713733 E - m a i l : o m t @ w o r l d - t o u r i s m. o r g W e b : w w w.

More information

Information meeting. Cheuvreux Conference September 2010. Philippe Calavia CFO, Air France-KLM

Information meeting. Cheuvreux Conference September 2010. Philippe Calavia CFO, Air France-KLM Information meeting Cheuvreux Conference September 2010 Philippe Calavia CFO, Air France-KLM Air transportation: a growth industry CAGR 2001-11 GDP: +2.7% World Passenger traffic: +5.0% World cargo traffic:

More information

January Flybe: Delivery and Future Direction

January Flybe: Delivery and Future Direction Flybe Delivery and Future Direction January 2013 Delivery and Future Direction - Agenda Context and Introduction Medium Term Plan - Measurable Goals and Benchmarks Reshaping Flybe UK Building on Flybe

More information

Dear Agency Partner, More Access to More Destinations

Dear Agency Partner, More Access to More Destinations Dear Agency Partner, As a valued partner of US Airways, we are writing to inform you that today we announced that American Airlines and US Airways will combine to create a premier global carrier. Operating

More information

Development of a Concept for the Public Transport Interconnectivity for Savaria International Airport. Report

Development of a Concept for the Public Transport Interconnectivity for Savaria International Airport. Report Development of a Concept for the Public Transport Interconnectivity for Savaria International Airport Report CENTRAL EUROPE Programme Project CHAMPIONS February 2012 Development of a Concept for the Public

More information

Norwegian Air Shuttle ASA

Norwegian Air Shuttle ASA Norwegian Air Shuttle ASA Q1 2015 Presentation Photo: Bo Mathiesen Q1 2015 Highlights New aircraft Two new 737-800 One new Dreamliner (April) Progress for long-haul Launched new routes to the Caribbean

More information

Malmi - Helsinki City International Airport. Malmi operators development plan 21.11.2015

Malmi - Helsinki City International Airport. Malmi operators development plan 21.11.2015 Malmi - Helsinki City International Airport Malmi operators development plan 21.11.2015 Malmi Airport Background Helsinki-Malmi Airport is located 10km from the center of Helsinki and is the only freeschedule

More information

Global Mobility for an enhanced Swiss Economy

Global Mobility for an enhanced Swiss Economy Global Mobility for an enhanced Swiss Economy Harry Hohmeister CEO Swiss International Air Lines Swiss American Chamber of Commerce Geneva, 5 February 2013 Agenda 1. SWISS enhances presence in Geneva 2.

More information

Operation of Low-Cost Carriers in Hong Kong. This paper briefs Members on the operation of low-cost carriers in Hong

Operation of Low-Cost Carriers in Hong Kong. This paper briefs Members on the operation of low-cost carriers in Hong CB(1)1809/12-13(02) For information September 2013 Operation of Low-Cost Carriers in Hong Kong Introduction Kong. This paper briefs Members on the operation of low-cost carriers in Hong Hong Kong s Aviation

More information

Finnair Investor Presentation February Hybrid Roadshow Presentation September 2015

Finnair Investor Presentation February Hybrid Roadshow Presentation September 2015 Finnair Investor Presentation February 2016 Hybrid Roadshow Presentation September 2015 1 Finnair September 2015 Finnair at a glance Organisation set-up and key shareholders Brief history of Finnair s

More information

ATAC International Business Development Strategy 2012/2013

ATAC International Business Development Strategy 2012/2013 ATAC International Business Development Strategy 2012/2013 EXECUTIVE SUMMARY This is Phase 6 of the GOA supported ATAC International Business Development Strategy (IBD) outreach to the International aviation

More information

STRONG TRAFFIC AND YIELD UNDERPIN FIRST QUARTER NET PROFIT OF $259 MILLION

STRONG TRAFFIC AND YIELD UNDERPIN FIRST QUARTER NET PROFIT OF $259 MILLION STRONG TRAFFIC AND YIELD UNDERPIN FIRST QUARTER NET PROFIT OF $259 MILLION HIGHLIGHTS OF THE GROUP S PERFORMANCE Operating profit $307 million Net profit attributable to shareholders $259 million Earnings

More information

over that in Year 2000. APP

over that in Year 2000. APP BUSINESS REVIEW With a professional and highly experienced management team, a proven track record and a portfolio of state-of-the-art information and management systems, TraveSky is well positioned to

More information

HIGHER OPERATING PROFIT OFFSET BY LOSSES FROM ASSOCIATED COMPANIES AND EXCEPTIONAL ITEMS

HIGHER OPERATING PROFIT OFFSET BY LOSSES FROM ASSOCIATED COMPANIES AND EXCEPTIONAL ITEMS 6 February 2014 Page 1 of 5 No. 01/14 6 February 2014 HIGHER OPERATING PROFIT OFFSET BY LOSSES FROM ASSOCIATED COMPANIES AND EXCEPTIONAL ITEMS GROUP FINANCIAL PERFORMANCE Third Quarter 2013-14 The Group

More information

PRESS RELEASE. Nine Month 2015 Financial Results. Net earnings of 81.9m Consolidated revenue up 8% 17% rise in traffic to more than 9m passengers

PRESS RELEASE. Nine Month 2015 Financial Results. Net earnings of 81.9m Consolidated revenue up 8% 17% rise in traffic to more than 9m passengers PRESS RELEASE Nine Month 2015 Financial Results Net earnings of 81.9m Consolidated revenue up 8% 17% rise in traffic to more than 9m passengers Kifissia, 26 November 2015 AEGEAN announces Nine Month 2015

More information

3.0 Forecast Growth. 3.1 Performance and Assumptions. Recent Performance Passenger Numbers. International Freight and Mail.

3.0 Forecast Growth. 3.1 Performance and Assumptions. Recent Performance Passenger Numbers. International Freight and Mail. 3.0 FORECAST GROWTH 13 3.0 Forecast Growth 3.1 Performance and Assumptions Recent Performance Passenger Numbers In the four years between 2005/06 and 2009/10 (following the approval of the 2006 Master

More information

Click to edit title. MANAGING AIRLINE COST BY INTRODUCING INNOVATIVE ANCILLARY REVENUES. IATA 3 rd Airline Cost Conference Geneva, August 26 th, 2015

Click to edit title. MANAGING AIRLINE COST BY INTRODUCING INNOVATIVE ANCILLARY REVENUES. IATA 3 rd Airline Cost Conference Geneva, August 26 th, 2015 Click to edit title. MANAGING AIRLINE COST BY INTRODUCING INNOVATIVE ANCILLARY REVENUES IATA 3 rd Airline Cost Conference Geneva, August 26 th, 2015 Andrea Boni Vice President Innovation & Business Development

More information

Charter services. Choose to fly your own schedule. Pick your choice of airport. Perfect for VIP s, sports teams, corporate shuttles and pop tours

Charter services. Choose to fly your own schedule. Pick your choice of airport. Perfect for VIP s, sports teams, corporate shuttles and pop tours Charter services Choose to fly your own schedule Pick your choice of airport Perfect for VIP s, sports teams, corporate shuttles and pop tours Unrivalled flying experience with the comfort of a private

More information

Stockholm Arlanda Airport The Capital Airport of Scandinavia. Fredrik Jaresved, Head of Public Affairs Stockholm Arlanda Airport

Stockholm Arlanda Airport The Capital Airport of Scandinavia. Fredrik Jaresved, Head of Public Affairs Stockholm Arlanda Airport Stockholm Arlanda Airport The Capital Airport of Scandinavia Fredrik Jaresved, Head of Public Affairs Stockholm Arlanda Airport Swedavia s task 2 Our vision Together we bring the world closer Intermodality

More information

Addition of New Premium Cards to the Suite of ANA and Diners Club Co-branded Cards

Addition of New Premium Cards to the Suite of ANA and Diners Club Co-branded Cards Press release February 13, 2012 Citi Cards Japan, Inc. All Nippon Airways Co., Ltd. Addition of New Premium Cards to the Suite of ANA and Diners Club Co-branded Cards Citi Cards Japan, Inc. (Headquarter:

More information

Interim financial report for the first quarter of 2011

Interim financial report for the first quarter of 2011 Interim financial report for the first quarter of 2011 Improved results between years in spite of high fuel prices Total turnover was ISK 16.0 billion, down by 2% between years EBITDA was negative by ISK

More information

Finnair Group interim report 1 January - 30 September 2014

Finnair Group interim report 1 January - 30 September 2014 Finnair Group interim report 1 January - 30 September 2014 Third-quarter operational result declined to 26.7 million euros - product upgrades announced and savings agreements negotiated during the period

More information

Flybe - 2012/13 Half-year Results. Analyst and Investor Presentation

Flybe - 2012/13 Half-year Results. Analyst and Investor Presentation Flybe - 2012/13 Half-year Results Analyst and Investor Presentation 8 November 2012 Agenda 2 Introduction Jim French, Chairman & CEO Financial Review Strategy Strategic Update Review & Business Review

More information

Impact of aviation an airports perspective. Vincent Harrison Director Strategy, Regulation & B2B

Impact of aviation an airports perspective. Vincent Harrison Director Strategy, Regulation & B2B Impact of aviation an airports perspective Vincent Harrison Director Strategy, Regulation & B2B Dublin Airport Authority Overview 100% State owned, commercially managed, entity Owns and manages Cork, Dublin

More information

2015 Review and Outlook 13 January 2016 DG/ALB

2015 Review and Outlook 13 January 2016 DG/ALB PRESS RELEASE 2015 Review and Outlook 13 January 2016 DG/ALB At its annual press conference, Marseille Provence Airport unveiled its 2015 review and the main new developments taking place in 2016. 1% increase

More information

Ron Kent Managing Director, Northeast Asia Regional Marketing Boeing Commercial Airplanes. October 2014

Ron Kent Managing Director, Northeast Asia Regional Marketing Boeing Commercial Airplanes. October 2014 Ron Kent Managing Director, Northeast Asia Regional Marketing Boeing Commercial Airplanes October 2014 Copyright 2014 Boeing. All rights reserved. 1 Executive Summary Driven by China s strong economic

More information

Second Quarter 2004. Press Conference. Stockholm, August 11, 2004

Second Quarter 2004. Press Conference. Stockholm, August 11, 2004 Second Quarter 2004 Press Conference Stockholm, August 11, 2004 Group Scandinavian Airlines Subsidiary & Affiliated Airlines Airline Support Business Airline Related Business Hotels Second quarter marginally

More information

DIGIA PERFORMED VERY WELL IN 2015. STRONG GROWTH OF NET SALES CONTINUED IN Q4.

DIGIA PERFORMED VERY WELL IN 2015. STRONG GROWTH OF NET SALES CONTINUED IN Q4. DIGIA PERFORMED VERY WELL IN 2015. STRONG GROWTH OF NET SALES CONTINUED IN Q4. Digia Plc Financial Statement Bulletin 2015 and Interim Report Q4/2015 Juha Varelius 4 February 2016 Digia in brief Finnish

More information

What TUI Travel PLC is doing to become a more sustainable business. James Whittingham Group Environment Manager Bournemouth University - Oct 13

What TUI Travel PLC is doing to become a more sustainable business. James Whittingham Group Environment Manager Bournemouth University - Oct 13 What TUI Travel PLC is doing to become a more sustainable business James Whittingham Group Environment Manager Bournemouth University - Oct 13 Outline of the Presentation TUI Travel PLC at a glance What

More information

Olli Sulin turku the northern Baltic s most interesting city

Olli Sulin turku the northern Baltic s most interesting city Olli Sulin Turku the northern Baltic s most interesting city turku 2029 Turku, in Finland, turns a respectable 800 years old in 2029. This important year has also been chosen as the focus point for examining

More information

Aegean Airlines 2007 Review & Business Outlook. Analysts Conference Call February 20, 2008

Aegean Airlines 2007 Review & Business Outlook. Analysts Conference Call February 20, 2008 Aegean Airlines 2007 Review & Business Outlook Analysts Conference Call February 20, 2008 Agenda 2007 Review Business Outlook Key highlights Domestic network International network Activity Our fleet Financials

More information

The Board of Directors approved Tod s Group Q1 2015 Interim Report

The Board of Directors approved Tod s Group Q1 2015 Interim Report Milan - May 13 th, 2015 TOD S S.p.A.: Sales growth: 1,5% in the first quarter of 2015 The Board of Directors approved Tod s Group Q1 2015 Interim Report Group s sales: 257.7 million Euros, +1.5% from Q1

More information

Fleet and funding strategy Solid foundation for growth

Fleet and funding strategy Solid foundation for growth Fleet and funding strategy Solid foundation for growth Erno Hildén, CFO Finnair Capital Markets Day, 22 May 2014 1 Disclaimer This document includes forward-looking statements. These forward-looking statements

More information

YOUR DAILY CONNECTION TO GREECE! www.aegeanair.com

YOUR DAILY CONNECTION TO GREECE! www.aegeanair.com YOUR DAILY CONNECTION TO GREECE! www.aegeanair.com About us Fly with us Our flight times are ideal to allow you to make the most of your holiday. Travel on our early afternoon flight and onwards to one

More information

/Flughafen München GmbH Annual Press Conference

/Flughafen München GmbH Annual Press Conference /Flughafen München GmbH Annual Press Conference March 27, 2015 Corporate Communications Press release 3/27/2015 Airport set new records for passengers and airfreight Munich Airport again closes out operating

More information

December 2010 2008 Interim Results 6 August 2008

December 2010 2008 Interim Results 6 August 2008 Cathay Pacific Airways 2010 Analyst & Investor Briefing Cathay Pacific Airways December 2010 2008 Interim Results 6 August 2008 1 Airline Strategy Grow our international network, expand frequencies and

More information

Financial Report 2010

Financial Report 2010 Financial Report 2010 Group Report 2010 www.finnair.com/group Financial Report Contents Finnair Group Key Figures...2 Board of Directors Report...4 Shares and Shareholders...15 Financial Indicators 2008

More information

Network of International Business Schools

Network of International Business Schools Network of International Business Schools WORLDWIDE CASE COMPETITION Sample Case Analysis #2 Qualification Round submission from the 2015 NIBS Worldwide Case Competition, Ottawa, Canada Case: Ethiopian

More information

For personal use only

For personal use only THE WORLD S LEADING AIRLINE PARTNERSHIP ALAN JOYCE, QANTAS GROUP CEO SYDNEY, 6 SEPTEMBER 2012 Good morning everyone and a warm welcome. A special welcome to Tim Clark, President of Emirates Airline. Today

More information

Management Discussions and Analysis for the three-month and six-month period ended 30 June 2014 and 2015

Management Discussions and Analysis for the three-month and six-month period ended 30 June 2014 and 2015 Executive Summary Overview of the global economy during the second quarter of 2015 (Q2/2015) are as following; the US economy has been in recovery mode as a result of an increase in household consumption

More information

Interim report April-June 2003

Interim report April-June 2003 Interim report April-June 2003 Pre-tax profit for the second quarter amounted to SEK -34m, which is a SEK 30m improvement compared to last year (SEK -64m). Software revenue grew by 5% during the second

More information

Forum for innovation World stage for the successes of today and tomorrow

Forum for innovation World stage for the successes of today and tomorrow since 1924 Forum for innovation World stage for the successes of today and tomorrow www.koelnmesse.com Try the undiscovered, it holds the greatest potentials. It s about the genuine, personal, direct experience

More information

PONSSE PLC, STOCK EXCHANGE RELEASE, 26 OCTOBER 2010, 9:00 a.m. PONSSE S INTERIM REPORT FOR 1 JANUARY 30 SEPTEMBER 2010

PONSSE PLC, STOCK EXCHANGE RELEASE, 26 OCTOBER 2010, 9:00 a.m. PONSSE S INTERIM REPORT FOR 1 JANUARY 30 SEPTEMBER 2010 PONSSE PLC, STOCK EXCHANGE RELEASE, 26 OCTOBER 2010, 9:00 a.m. PONSSE S INTERIM REPORT FOR 1 JANUARY 30 SEPTEMBER 2010 - Net sales were EUR 171.8 (Q1-Q3/2009 EUR 98.9) million. - Q3 net sales were EUR

More information

ECONOMIC PERFORMANCE OF THE AIRLINE INDUSTRY

ECONOMIC PERFORMANCE OF THE AIRLINE INDUSTRY Net balance responses. =no change ECONOMIC PERFORMANCE OF THE AIRLINE INDUSTRY This new semi-annual report replaces the quarterly Airlines Financial Forecast, and takes a broader look at how the industry

More information

1 What is the EU Emissions Trading Scheme, and how does it work? 2 Why is the EU proposing to include aviation into the EU ETS?

1 What is the EU Emissions Trading Scheme, and how does it work? 2 Why is the EU proposing to include aviation into the EU ETS? Q&A: Aviation and the EU Emissions Trading Scheme 1 What is the EU Emissions Trading Scheme, and how does it work? Under the UN Kyoto Protocol, industrialised nations are required to reduce the amount

More information

A focus on the economy. Towards a sustainable Heathrow

A focus on the economy. Towards a sustainable Heathrow A focus on the economy Towards a sustainable Heathrow Heathrow and the economy As the UK s only hub airport, we aim to enhance the economic benefits that Heathrow provides, while minimising its negative

More information

A380 Commercial Update for JP Morgan

A380 Commercial Update for JP Morgan Jean-Pierre Dambrine A380 Marketing Director Commercial Update for JP Morgan 9 th Own the Sky All around the world All around the world The most efficient way to grow Network optimiser, yield booster The

More information

Where will life s pleasures take you? www.airfrance.com www.klm.com

Where will life s pleasures take you? www.airfrance.com www.klm.com www.airfrance.com www.klm.com Flying Blue Service Center, 94852 IvrysurSeine Cedex, France. Société Air France, a public limited company with a capital of EUR 1,901,231,625, whose head office is at RoissyCharles

More information

NORWEGIAN AIR SHUTTLE ASA QUARTERLY REPORT THIRD QUARTER 2005 [This document is a translation from the original Norwegian version]

NORWEGIAN AIR SHUTTLE ASA QUARTERLY REPORT THIRD QUARTER 2005 [This document is a translation from the original Norwegian version] NORWEGIAN AIR SHUTTLE ASA QUARTERLY REPORT THIRD QUARTER 2005 THIRD QUARTER IN BRIEF The operating revenue has increased by 78 % to MNOK 589,9 compared to MNOK 331,7 in the same period last year. The total

More information

Inditex Group. Spain. Cementerio de la isla de Tabarca, Alicante. España. Inditex headquarters at Arteixo (A Coruña - Spain).

Inditex Group. Spain. Cementerio de la isla de Tabarca, Alicante. España. Inditex headquarters at Arteixo (A Coruña - Spain). Inditex Group Spain Cementerio de la isla de Tabarca, Alicante. España Inditex headquarters at Arteixo (A Coruña - Spain). Inditex Inditex is one of the main fashion distributors in the world; it has eight

More information