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Business ReviewFinancial ReviewInformation for shareholders

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

Scheduled Passenger Traffic

This division is responsible for sales, service concepts, flight operations and the procurement and financing of aircraft. The division also leases out aircraft and crews required by the Leisure Traffic division. The Scheduled Passenger Traffic division also leases cargo capacity to the Group's Cargo division.

Turnover for the Scheduled Passenger Traffic division rose by 2.8 per cent to 1,171.6 million euros. The Group's operating profit, excluding capital gains, improved to 31.7 million euros from the previous year's 36.7 million euro operating loss.

The number of business class passengers fell in the company's main market area, Europe, by 10.5 per cent, but strong growth on Asian and North American routes meant that the overall fall in demand for business class travel was 8.3 per cent. Unit revenues for scheduled passenger traffic declined during the financial year by 4.0 per cent.

Leisure Traffic

This division consists of the Leisure Flights unit and the Aurinkomatkat-Suntours package tour company, which is the biggest in its field in Finland, with a market share of more than 35 per cent. Aurinkomatkat-Suntours has increased its market share further during 2002.

Leisure flight capacity was reduced, which resulted in a fall in the unit's turnover by 1.4 per cent to 329.9 million euros. The operating profit improved to 6.6 million euros (3.8 million) The Leisure Traffic division's unit revenues improved, with growth for the whole year being 3.2 per cent.