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Board of Directors Report
Financial Statement Principles
Consolidated Income Statement
Consolidated Balance Sheet
Consolidated Cash Flow Statement
Finnair Oyj Income Statement
Finnair Oyj Balance Sheet
Finnair Oyj Cash Flow Statement
Notes
Shares and Shareholders
Proposal Concerning Disposal of the Profit
Statement of the Supervisory Board
Auditors Report
Key Figures 1998/99-2002
Formula for ratios
Oneworld initiated a study on the expansion of cooperation from the transport of passengers into the areas of cargo, aircraft maintenance and insurance, flight training and settlement of accounts. Oneworld strengthened its position as the most international airline alliance by adding shared flights, mutual use of e-tickets, and by launching new worldwide prices. Finnair began cooperating with American Airlines in the field of e-tickets at the end of May.

The direct benefit obtained by Finnair from alliance cooperation consists of 30 million euros in sales, which is the value of tickets for Finnair flights sold by alliance partners. In addition, oneworld products bring direct additional sales of 1.5 million euros, with costs amounting to one tenth of this. Cost savings will increase to more than 400,000 euros from the present level.

The frequent flyer readers of the leading British travel magazine Business Traveller have voted oneworld the world's best airline alliance in their annual survey. This is the first time that the Business Traveller Award has been granted to an airline alliance.

Finnair's range of destinations in Central Europe grew through bilateral cooperation. Finnair and SN Brussels Airlines began cooperating at the beginning of the summer on flights between Helsinki and Brussels.

Finnair and Swiss Airlines have a valid cooperation agreement concluded with Crossair. Finnair serves travellers to Switzerland by offering flexible connections by train from Zurich to the rest of Switzerland.