| The increase in Asian traffic has also strengthened growth prospects for Finnair's cargo business. Last year the volume of freight on Asian routes grew by 50 per cent.
A considered increase in flight frequency and the addition of new destinations in Asia have generated growth at a time when the flight service offered by many airlines has gone into structural and financial decline. This trend will continue in 2003.
Changes in the Baltic region are providing new growth opportunities both for the development of scheduled passenger flight solutions and for extending leisure operations into new markets.
Finnair's objective is also to be a first-class commercial enterprise and therefore to be for its shareholders a competitive investment in terms of total return. The aim is to reach this objective through strategic solutions that support return on capital employed. In terms of a profitability target, this means an operating profit of around six per cent, given the Finnair Group's present capital structure, namely an operating profit of around EUR 110-120 million in the next few years.
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