Cargo

Finnair's Cargo operations are based primarily on making use of Finnair's scheduled passenger traffic network and leisure traffic as well as Helsinki's gateway position for the transport of air freight. If necessary, capacity is also leased from freight operators outside the Group.

Turnover for the Cargo division grew by 5.3 per cent to 121.7 million euros. The operating profit, excluding capital gains, improved to 1.2 million euros (5.2 million loss)

The Finnair Cargo Traffic division has continued to adjust its available capacity to correspond better with demand. During the financial year, about 28 per cent less cargo capacity was leased from outside the Group than the year before.

Aviation Services

This division comprises aircraft maintenance services, ground services and the Group's catering operations.

Turnover for Aviation Services fell by 11.3 per cent to 426.9 million euros. In spite of the implementation of cost-cutting measures, profitability clearly weakened. The operating loss for the division, excluding capital gains, was 2.3 million euros (25.5 million profit).

The fall in turnover was due to lower volumes from customers in the sector and a fall in the price level of services.