FINNAIR OY es geht um 470 Mio.§
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09:00 11.02.14
HELSINKI, Finland --(BUSINESS WIRE)--
Regulatory News:
Finnair Plc Stock Exchange Release 11 February 2014 at 9:40am. EET
Finnair Board of Directors has approved a new performance share plan, covering years 2014–2016, for the key personnel of the Finnair Group. The share plan is a part of Finnair’s long-term share-based incentive arrangement that Finnair Board of Directors approved in 2013, and which consists of annually commencing individual plans. The purpose of the share plan is to encourage the management to work to increase long-term shareholder value and also to commit the management to the company.
The participants have the opportunity to earn Finnair shares as a long-term incentive reward, if the performance targets set by the Board of Directors are achieved. The performance criteria applied to the 2014–2016 plan is ROCE (Return on Capital Employed) and TSR (total shareholder return). The number of employees eligible to participate in the first plan is approximately 50 persons.
If the targets set for the first plan for years 2014–2016 are met, the estimated total value of the shares to be paid on the basis of this plan would be 1.6 million euros, corresponding to approximately 600,000 Finnair shares based on current share price (gross before the payroll tax withholding). If the maximum targets are met, the estimated total value of shares to be paid would be approximately 3.2 million euros corresponding to approximately 1,200,000 Finnair shares (gross before the payroll tax withholding).
The potential reward shares will be delivered to members of Finnair’s Executive Board in three share tranches and for other participants in two tranches during the three or two years following the performance period, i.e. in years 2017–2019. The maximum value of shares delivered to an individual participant based on the share plan in any given year may not exceed 60 % of the employee’s annual base salary.
The three-year performance period of the 2014–2016 share plan will be followed by a restriction period, during which the participant may not sell or transfer the shares received as a reward. The restriction period is three years for the members of Finnair's Executive Board and one year for other participants. In addition, the members of Finnair’s Executive Board are required to accumulate and once achieved, to maintain a share ownership in Finnair corresponding to his/her annual base salary as long as he/she holds a position as a member of Finnair's Executive Board.
No new shares will be issued in connection with the share-based incentive plans and therefore the arrangement will have no diluting effect. Long term incentive arrangement approved in 2013 as well as new plan, covering years 2014-2016, are in line with guidelines issued by Cabinet Committee on Economic Policy. Finnair used PCA Corporate Finance as an advisor in the planning of this incentive plan.
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HELSINKI --(BUSINESS WIRE)--
Regulatory News:
Finnair OYJ (HEX:FIA)
Finnair Plc. Financial Statement Release 11 February 2014 at 09:30
This is a summary of Finnair's Financial Statements Bulletin 2013. The Finnair Group Financial Statements Bulletin is attached to this release in pdf format and is also available on the company’s website at www.finnairgroup.com.http://www.ariva.de/news/...ulletin-2013-4928097
08:55 07.05.14
HELSINKI, Finland --(BUSINESS WIRE)--
Regulatory News:
Finnair Plc. Interim report 7 May 2014 at 09:30 EET
January–March 2014
· Turnover declined by 8.4 per cent to 543.3 million euros (593.2).
· The operational result was -34.2 million euros (-17.5).
· Net cash flow from operating activities stood at -20.5 million euros (-11.5), and cash flow from investments totalled 233.6 million euros (-9.2).
· Unit cost per available seat kilometre excluding fuel, CASK (CASK excl. fuel) decreased by 0.2 per cent from previous year’s level.
· Unit revenue per available seat kilometre (RASK) fell by 4.0 per cent.
· Good development in the transatlantic joint business, the company made preparations to begin a joint business for flights between Europe and Japan.
· Market outlook for 2014 remain unchanged, Finnair’s result for 2014 will be substantially affected by the result of cost reduction negotiations and employee consultations.
CEO Pekka Vauramo:
The first quarter of the year is typically Finnair’s weakest, and this year the period was particularly difficult for us. Our turnover declined by 8.4 per cent year-on-year and amounted to 543.3 million euros. The decline in turnover was affected by a slight decrease in overall capacity, continued strong contraction in leisure traffic volume, Asian traffic revenue decline mainly due to exchange rate fluctuations, and a decline in home market demand, particularly in business travel. Cargo traffic continued to suffer from market overcapacity, but there were early signs of a recovery in demand.
Our result for the first quarter was very weak: Our operational result declined significantly and showed a loss of 34.2 million euros. This indicates clearly that our cost-reduction program and the measures under our new commercial strategy aimed at turnover growth are absolutely essential. Continuing with cost-reduction measures is inevitable and vital for Finnair’s future.
It was a major disappointment that our negotiations with the Finnish Aviation Union (IAU), the Trade Union PRO and the Finnish Flight Attendants' Association (SLSY) under the crisis clause included in the agreements concluded in November 2013 in line with the Finnish Employment and Growth Pact did not lead to any agreement. Negotiations with the Finnish Pilots' Association (SLL) are still ongoing. As Finnair simply cannot bear the current cost structure, I hope we can still reach a mutual agreement on how to save costs. Having to rely on unilateral measures is the final and least pleasant alternative, and we hope to avoid it.
The first quarter also included some positives. The results of the transatlantic joint business we began in July 2013 have been very positive. It has also allowed us to accumulate valuable experience for the joint business on flights between Europe and Japan, which began in April. Our operational quality also remained at a high level, and we made efforts to improve the comfort of travel by launching a Business Class seat renewal and replacing the last of our Boeing 757 aircraft with new Airbus 321 Sharklet aircraft.
We will continue the renewal of our service concepts this year while also making preparing for the renewal of our long-haul fleet starting next year. However, our future growth depends significantly on how well we succeed in achieving our cost reduction target. Only a profitable Finnair can grow.
Outlook for 2014 remains unchanged
The ongoing uncertain economic outlook in Europe and Asia is contributing to weak consumer demand in some of our main markets. Air traffic is expected to grow moderately in 2014. Finnair, however, will not be able to benefit from that growth without progress in its cost savings program and its target cost structure in place.
Finnair estimates its turnover to be close to the previous year’s level in 2014. Fuel costs are expected to remain high. The outcome of Finnair's ongoing employee consultations and cost-saving negotiations will have a significant impact on financial performance in 2014, and therefore the company will reconsider giving guidance for its full-year 2014 financial performance after the savings negotiations have been concluded.
Financial reporting 2014
Finnair’s Interim report for 1 January – 30 June 2014 will be published on Friday 15 August 2014 and the Interim report for 1 January – 31 September 2014 on Friday 31 October 2014.
This is a summary of Finnair's January-March 2014 Interim report. The Finnair Group Interim report 1 January – 31 March 2014 is attached to this release in pdf format and is also available on the company’s website at www.finnairgroup.com.
Finnair Plc.
Board of Directors
Briefings
Finnair will hold a press conference on 7 May 2014 at 11:00 a.m. and an analyst briefing at 12:30 p.m. at its office at Tietotie 9. An English-language telephone conference for analysts will begin at 4:00 p.m. Finnish time. The conference may be attended by dialling your local access number +358 800 770 306 and using the PIN code 255856#
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08:55 07.05.14
HELSINKI --(BUSINESS WIRE)--
Regulatory News:
Finnair Plc (HEX:FIA):
As a part of its annual strategy work, Finnair's Board of Directors has approved strategic targets and an updated mission for the company.
Finnair’s mission is to offer the smoothest connections in the northern hemisphere via Helsinki and the fastest and best network to the world in its home market, as well as to create value for shareholders by providing an attractive return on investment.
Finnair's strategic objectives are to:
• Double Asian revenues by 2020 from the 2010 level
• Grow traffic via Helsinki by utilising Finland’s geographic location
• Create shareholder value and be an attractive investment.
By taking advantage of the growth of Asian markets Finnair has the ability to grow as well – if it succeeds in its ongoing structural change and cost saving program. Finnair’s Board of Directors gives its full support to this program. Finnair's long-term target is 6 per cent operational profit, which would allow the company to invest in the future and provide a return on capital employed higher than its cost.
Asian traffic enables good connections from Finland
Along with taking advantage of Asian market growth and developing the Helsinki hub, the key elements of Finnair’s strategy include the renewal of commercial activities and processes and the development of new digital services for passengers. With these initiatives Finnair seeks additional revenue and aims at creating additional value for customers by improving the service experience.
Finnair's strategy of developing transfer traffic via Helsinki also offers Finns excellent air connections that would not otherwise be commercially possible due to Finland’s small population. This benefits Finnish business and leisure travellers, the Finnish economy and especially the Finnish travel sector.
Operations at Helsinki Airport to be developed flexibly
As part of preparations for growth, the company must consider how it will develop its network in Asia, Finland and Europe without bottlenecks so that traffic can be handled flexibly with smooth and cost-efficient connections.
Finnair's home base at Helsinki Airport has an important role in Finnair’s strategy. As part of its hub development, Finnair will examine different options to organize its bank structure so that Helsinki Airport can be utilized as flexibly and cost-efficiently as possible when traffic increases.
Investments in fleet necessary to improve competitiveness
Finnair's strategy also calls for modernization of its fleet. The Airbus A350 aircraft ordered by the company, with deliveries starting in the second half of 2015, are absolutely critical as they represent a next-generation step-change in fuel efficiency over the aircraft they will replace. In addition, the company must solve its current profitability issues in European flying, which among other things requires reviewing the renewal alternatives of the narrow-body fleet in the near future.
In addition to developing its passenger traffic, Finnair aims to further develop its cargo business. Cargo demand between Europe and Asia tends to track closely with economic growth, and Finnair intends to take its share of this growth by taking advantage of the additional cargo capacity offered by the new wide-body aircraft.
Building on existing strengths
By implementing its strategy, Finnair aims at being able to determine its own future in the rapidly changing market and consolidating industry. The company must develop its operations in order to remain competitive. At the same time it must maintain and further strengthen its traditional strengths: world-class operations, a strong safety culture and good customer service.
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HELSINKI --(BUSINESS WIRE)--
Regulatory News:
Finnair Traffic Performance in April 2014
Finnair Plc. Stock Exchange Release 9 May 2014 at 09:00
In April, Finnair traffic measured in Revenue Passenger Kilometres increased by 4.2 per cent and the overall capacity decreased by 0.5 per cent year?on?year. Passenger load factor increased by 3.6 percentage points and was 79.4 per cent.
The capacity in Asian traffic grew by 0.5 per cent and the traffic measured in Revenue Passenger Kilometres increased by 4.5 per cent year?on?year.
European traffic measured in Revenue Passenger Kilometres grew by 16.8 per cent and capacity by 9.5 per cent year-on-year.
Leisure traffic measured in Revenue Passenger Kilometres decreased by 43.9 per cent and capacity decreased by 46.0 per cent year-on-year.
In cargo, traffic measured in revenue tonne kilometres grew by 4.2 per cent and the overall capacity decreased by 6.3 per cent year-on-year. The load factor improved by 7.1 percentage points from last year’s level and was 70.2 per cent.
In April, 93.4 per cent of scheduled flights arrived on schedule (91.8). Of all traffic, 93.2 per cent (91.5) of flights were on schedule.
Finnair Traffic Performance April 2014
Finnair Traffic Performance April 2014
April 2014 %- Change Year-to-date
2014§ %- Change
Total Traffic
Passengers 1000 802,7 4,8 3 017,1 3,1
Available seat kilometres mill 2 508,1 -0,5 9 989,3 -2,3
Revenue passenger kilometres mill 1 991,3 4,2 7 876,5 -2,0
Passenger load factor % 79,4 3,6 p 78,8 0,2 p
Cargo tonnes total 12 668,8 3,8 47 888,4 8,2
Available tonne kilometres mill 379,1 -0,4 1 512,9 -1,1
Revenue tonne-kilometres mill 255,8 4,2 993,8 0,2
Overall load factor % 67,5 2,9 p 65,7 0,8 p
Scheduled Total
Passengers 1000 776,0 7,6 2 834,2 6,9
Available seat kilometres mill 2 391,9 3,8 8 842,9 2,0
Revenue passenger kilometres mill 1 896,9 8,9 6 885,0 3,9
Passenger load factor % 79,3 3,7 p 77,9 1,5 p
Europe §
Passengers 1000 472,3 11,6 1 610,9 8,0
Available seat kilometres mill 882,8 9,5 3 089,0 4,7
Revenue passenger kilometres mill 707,7 16,8 2 347,8 10,2
Passenger load factor % 80,2 5,0 p 76,0 3,8 p
North Atlantic
Passengers 1000 16,1 6,6 54,6 3,7
Available seat kilometres mill 117,6 1,2 437,2 6,1
Revenue passenger kilometres mill 106,4 7,0 361,6 4,1
Passenger load factor % 90,4 5,0 p 82,7 -1,6 p
Asia §
Passengers 1000 133,4 4,3 506,4 -0,9
Available seat kilometres mill 1 266,7 0,5 4 778,7 -0,5
Revenue passenger kilometres mill 999,6 4,5 3 814,7 -0,1
Passenger load factor % 78,9 3,0 p 79,8 0,4 p
Domestic §
Passengers 1000 154,3 -0,3 662,3 11,0
Available seat kilometres mill 124,7 2,2 538,1 6,9
Revenue passenger kilometres mill 83,3 3,2 360,8 9,8
Passenger load factor % 66,8 0,6 p 67,1 1,8 p
Leisure Traffic
Passengers 1000 26,7 -41,1 182,9 -33,2
Available seat kilometres mill 116,2 -46,0 1 146,4 -26,2
Revenue passenger kilometres mill 94,4 -43,9 991,5 -30,0
Passenger load factor % 81,2 3,1 p 86,5 -4,7 p
Cargo Traffic
Cargo scheduled traffic total tonnes 9 713,4 4,0 35 530,6 -0,1
Europe tonnes 2 129,4 9,5 7 291,6 0,8
North Atlantic tonnes 678,7 22,5 2 714,1 9,9
Asia tonnes 6 752,3 1,2 24 907,2 -1,3
Domestic tonnes 153,0 -7,4 617,7 -3,4
Cargo leisure traffic tonnes 12,8 85,6 75,2 -61,8
Cargo flights tonnes 2 942,7 2,8 12 282,6 44,7
Cargo tonnes total 12 668,8 3,8 47 888,4 8,2
Available tonne kilometres* mill 110,7 -6,3 436,9 -0,1
Revenue tonne kilometres mill 77,7 4,2 288,8 6,1
Cargo load factor* % 70,2 7,1 p 66,1 3,9 p
- North-Atlantic cargo load factor* % 57,5 10,6 p 59,3 4,3 p
- Asia cargo load factor* % 72,0 9,2 p 64,7 3,2 p
Cargo ATK's for the year 2013 are restated due to more accurate metrics implemented in calculation. * Operational calculatory capacity **Including purchased traffic Change %: Change compared to the figures of the respective periods in the previous year (p = percentage points)
- Available seat kilometres, ASK: Total number of seats available, multiplied by the number of kilometres flown
- Revenue passenger kilometres, RPK: Number of revenue passengers carried, multiplied by kilometres flown
- Passenger load factor: Share of revenue passenger kilometres of available seat kilometres
- Available tonne kilometres, ATK: Number of tonnes of capacity for carriage of passengers, cargo and mail, multiplied by kilometres flown
- Revenue tonne kilometres, RTK: Total revenue load consisting of passengers, cargo and mail, multiplied by kilometres flown
- Overall load factor: Share of revenue tonne kilometres of available tonne kilometres
Traffic statistics for May are published on Monday, 9 June 2014.
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08:40 02.07.14
HELSINKI, Finland --(BUSINESS WIRE)--
Regulatory News:
Finnair Plc. (HEX:FIA) Stock Exchange Release 2 July 2014 at 9.30 EET
Eija Hakakari, M. Sc. (Education), 53, has been appointed Finnair's Senior Vice President, Human Resources and a member of Finnair's Executive Board. She will start in her new role by the end of 2014. She succeeds Finnair’s current SVP Human Resources Manne Tiensuu, who leaves Finnair on 31 August 2014.
Hakakari is currently SVP Human Resources at Stora Enso's Printing and Living division. Her previous positions include SVP Human Resources at Rautaruukki and various HR director positions in both China and Finland.
“Finnair is very interesting as a fast-changing consumer services company, and the renewal and further development of its culture are challenges that inspire,” says Hakakari. “I’m familiar with the skills and competencies of Finnair employees. I look forward to working together with all employees in the company that is such a key builder of connections for all of us.”
“We warmly welcome Eija Hakakari to the Finnair team,” says Finnair CEO Pekka Vauramo. “It is important that we continue to renew our culture and build the new Finnair in difficult times of change. Our HR team has a key role in this, and I believe that Eija’s HR expertise as well as her experience in China will bring valuable knowledge and leadership to the team. International experience and a solid HR background are also necessary to further develop Finnair’s culture and enable company growth.”
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HELSINKI, Finland --(BUSINESS WIRE)--
Regulatory News:
In June, Finnair's (HEX:FIA) overall capacity and traffic measured in Revenue Passenger Kilometres both decreased by 0.6 per cent year ? on ? year. Passenger load factor was 83.4 per cent.
The capacity in Asian traffic decreased by 1.0 per cent and the traffic measured in Revenue Passenger Kilometres by 1.6 per cent year ? on ? year.
European traffic measured in Revenue Passenger Kilometres grew by 12.5 per cent and capacity by 11.1 per cent year-on-year.
In April –June, the passenger unit revenue* per available seat kilometre fell by 6.5 per cent year ? on-year and totalled 5.25 euro cents.
“Passenger unit revenue for the second quarter decreased year ? on ? year, mainly reflecting weaker performance in European and Asian traffic than in the comparison period in 2013 ,” says Finnair CFO Erno Hildén.
Leisure traffic measured in Revenue Passenger Kilometres decreased by 33.4 per cent and capacity decreased by 32.4 per cent year-on-year.
In cargo, traffic measured in revenue tonne kilometres grew by 11.4 per cent and the overall capacity decreased by 0.7 per cent year-on-year. The load factor improved by 7.6 percentage points from last year’s level and was 70.6 per cent.
In June, 87.3 per cent of scheduled flights arrived on schedule (90.5). Of all traffic, 87.1 per cent (90.2) of flights were on schedule.
Finnair Traffic Performance June 2014
June 2014 %-Change Year-to date 2014 %-Change
Total Traffic
Passengers 1000 893,8 4,4 4 729,9 3,8
Available seat kilometres mill 2 678,3 -0,6 15 272,9 -1,2
Revenue passenger kilometres mill 2 232,4 -0,6 12 081,8 -0,9
Passenger load factor % 83,4 0,0 p 79,1 0,2 p
Cargo tonnes total 12 877,9 -2,3 73 688,5 6,7
Available tonne kilometres mill 405,1 1,1 2 312,5 -0,1
Revenue tonne-kilometres mill 278,4 -0,7 1 527,3 0,9
Overall load factor % 68,7 -1,2 p 66,0 0,7 p
Scheduled Total
Passengers 1000 834,2 8,5 4 442,1 7,2
Available seat kilometres mill 2 510,0 2,6 13 806,5 2,4
Revenue passenger kilometres mill 2 079,4 3,1 10 815,3 4,0
Passenger load factor % 82,8 0,4 p 78,3 1,2 p
Europe §
Passengers 1000 540,7 12,0 2 645,0 9,2
Available seat kilometres mill 947,6 11,1 4 983,1 7,6
Revenue passenger kilometres mill 796,0 12,5 3 854,4 11,3
Passenger load factor % 84,0 1,1 p 77,3 2,6 p
North Atlantic
Passengers 1000 22,4 -8,3 91,9 -2,0
Available seat kilometres mill 157,8 -12,2 705,2 -3,5
Revenue passenger kilometres mill 148,5 -8,0 608,3 -1,7
Passenger load factor % 94,1 4,3 p 86,3 1,6 p
Asia §
Passengers 1000 143,1 -2,4 780,7 -0,7
Available seat kilometres mill 1 318,9 -1,0 7 396,6 -0,6
Revenue passenger kilometres mill 1 075,9 -1,6 5 872,8 0,0
Passenger load factor % 81,6 -0,5 p 79,4 0,5 p
Domestic §
Passengers 1000 127,9 11,3 924,5 10,0
Available seat kilometres mill 85,8 5,7 721,7 6,0
Revenue passenger kilometres mill 59,1 9,8 479,9 8,9
Passenger load factor % 69,0 2,6 p 66,5 1,7 p
Leisure Traffic
Passengers 1000 59,6 -31,8 287,8 -30,6
Available seat kilometres mill 168,3 -32,4 1 466,4 -25,6
Revenue passenger kilometres mill 152,9 -33,4 1 266,4 -29,5
Passenger load factor % 90,9 -1,4 p 86,4 -4,7 p
Cargo Traffic
Cargo scheduled traffic total tonnes 10 090,4 -1,2 55 509,2 1,5
Europe tonnes 2 224,9 9,2 11 732,9 5,1
North Atlantic tonnes 663,6 -6,1 3 958,7 3,7
Asia tonnes 7 064,0 -3,7 38 919,5 0,4
Domestic tonnes 138,0 0,2 898,1 -3,0
Cargo leisure traffic tonnes 0,1 -73,0 75,3 -61,9
Cargo flights, tonnes** 2 787,4 -5,9 18 104,0 27,7
Cargo tonnes total 12 877,9 -2,3 73 688,5 6,7
Available tonne kilometres* mill 111,3 -11,4 661,4 -3,3
Revenue tonne kilometres mill 78,6 -0,7 445,7 5,8
Cargo load factor* % 70,6 7,6 p 67,4 5,8 p
- North-Atlantic cargo load factor* % 64,3 5,9 p 59,0 3,9 p
- Asia cargo load factor* % 73,3 11,9 p 67,4 6,8 p
Cargo ATK's for the year 2013 are restated due to more accurate metrics implemented in calculation.
* Operational calculatory capacity
** Including purchased traffic
Change %: Change compared to the figures of the respective periods in the previous year
(p = percentage points)
Available seat kilometres, ASK: Total number of seats available, multiplied by the number of kilometres flown
Revenue passenger kilometres, RPK: Number of revenue passengers carried, multiplied by kilometres flown
Passenger load factor: Share of revenue passenger kilometres of available seat kilometres
Available tonne kilometres, ATK: Number of tonnes of capacity for carriage of passengers, cargo and mail, multiplied by kilometres flown
Revenue tonne kilometres, RTK: Total revenue load consisting of passengers, cargo and mail, multiplied by kilometres flown
Overall load factor: Share of revenue tonne kilometres of available tonne kilometres
Traffic statistics for July are published on Friday, 8 August 2014.
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08:20 07.08.14
HELSINKI, Finland --(BUSINESS WIRE)--
Regulatory News:
Finnair (HEX:FIA) subsidiary Finnair Travel Retail has signed an agreement on the sale of its shops at Helsinki Airport to World Duty Free Group. The transaction is expected to close in the fourth quarter of 2014.
The transaction will have a positive impact of approximately 13 million euros on Finnair's 2014 result before taxes. With the transaction, approximately 60 of Finnair Travel Retail's employees will transfer to World Duty Free Helsinki Ltd. as existing employees.
“This transaction is a part of Finnair's restructuring program in which Finnair aims to focus on its core airline business”, says Finnair's Chief Commercial Officer Allister Paterson. “World Duty Free is a global actor in the tax-free sales business, and airport sales are at the core of their business. We also believe World Duty Free Group offers a good home for the competent and experienced team transferring from Finnair. ”
Finnair Travel Retail Ltd. has operated the Finnair Tax-Free Shop and the Arrival Shop at Helsinki Airport. In addition, the company operates in-flight and pre-order sales on Finnair flights. Finnair Travel Retail employs approximately 70 employees in total. The transaction between Finnair Travel Retail and World Duty Free Group covers only the airport retail function.
In November 2013 World Duty Free Group signed a long-term agreement with Finavia to operate 11 stores at Helsinki Airport. World Duty Free Group has an extensive international experience from retail and tax-free sales in airports. The company operates in over 100 airports in 21 countries. The Group's parent company is listed on the Milan Stock Exchange.
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HELSINKI, Finland --(BUSINESS WIRE)--
Regulatory News:
Finnair Traffic Performance in July 2014
Finnair Plc. Stock Exchange Release 8 August 2014 at 09:00
In July, Finnair's overall capacity decreased by 2.0 per cent and traffic measured in Revenue Passenger Kilometres by 0.1 per cent year?on?year. Passenger load factor was 88.2 per cent.
The capacity in Asian traffic decreased by 3.0 per cent and the traffic measured in Revenue Passenger Kilometres grew by 0.3 per cent year?on?year.
European traffic measured in Revenue Passenger Kilometres grew by 11.8 per cent and capacity by 10.3 per cent year-on-year.
Leisure traffic measured in Revenue Passenger Kilometres decreased by 30.4 per cent and capacity decreased by 30.9 per cent year-on-year.
In cargo, traffic measured in revenue tonne kilometres grew by 3.4 per cent and the overall capacity decreased by 18.8 per cent year-on-year. The load factor improved by 16 percentage points from last year’s level and was 74.2 per cent.
In July, 86.4 per cent of scheduled flights arrived on schedule (90.7). Of all traffic, 85.7 per cent (90.3) of flights were on schedule.
Finnair Traffic Performance July 2014
July 2014 %-Change Year-to-date 2014 %-Change
Total Traffic
Passengers 1000 901,7 2,8 5 631,6 3,6
Available seat kilometres mill 2 786,4 -2,0 18 059,3 -1,3
Revenue passenger kilometres mill 2 458,6 -0,1 14 540,4 -0,8
Passenger load factor % 88,2 1,7 p 80,5 0,4 p
Cargo tonnes total 13 301,9 -0,3 86 990,4 5,6
Available tonne kilometres mill 416,7 -3,0 2 729,3 -0,5
Revenue tonne-kilometres mill 303,4 0,8 1 830,7 0,9
Overall load factor % 72,8 2,8 p 67,1 1,0 p
Scheduled Total
Passengers 1000 840,9 6,1 5 283,1 7,1
Available seat kilometres mill 2 624,1 0,6 16 430,6 2,1
Revenue passenger kilometres mill 2 304,3 2,9 13 119,6 3,8
Passenger load factor % 87,8 2,0 p 79,8 1,3 p
Europe §
Passengers 1000 565,9 10,4 3 210,9 9,4
Available seat kilometres mill 1 019,4 10,3 6 002,5 8,0
Revenue passenger kilometres mill 873,7 11,8 4 728,1 11,4
Passenger load factor % 85,7 1,2 p 78,8 2,4 p
North Atlantic
Passengers 1000 21,6 -19,2 113,5 -5,8
Available seat kilometres mill 155,2 -18,1 860,4 -6,5
Revenue passenger kilometres mill 142,9 -18,9 751,2 -5,5
Passenger load factor % 92,1 -0,9 p 87,3 0,9 p
Asia §
Passengers 1000 165,7 -0,5 946,4 -0,7
Available seat kilometres mill 1 390,8 -3,0 8 787,4 -1,0
Revenue passenger kilometres mill 1 242,8 0,3 7 115,6 0,0
Passenger load factor % 89,4 2,9 p 81,0 0,8 p
Domestic §
Passengers 1000 87,7 1,4 1 012,2 9,2
Available seat kilometres mill 58,7 -4,8 780,4 5,1
Revenue passenger kilometres mill 44,9 5,5 524,8 8,6
Passenger load factor % 76,4 7,4 p 67,2 2,1 p
Leisure Traffic
Passengers 1000 60,8 -28,2 348,6 -30,2
Available seat kilometres mill 162,3 -30,9 1 628,7 -26,2
Revenue passenger kilometres mill 154,4 -30,4 1 420,8 -29,6
Passenger load factor % 95,1 0,7 p 87,2 -4,2 p
Cargo Traffic
Cargo scheduled traffic total tonnes 10 506,6 5,3 66 015,8 2,1
Europe tonnes 2 114,4 3,9 13 847,3 4,9
North Atlantic tonnes 580,3 -1,7 4 539,0 3,0
Asia tonnes 7 677,0 6,5 46 596,5 1,3
Domestic tonnes 134,9 -2,8 1 032,9 -3,0
Cargo leisure traffic tonnes 0,1 -83,1 75,4 -61,9
Cargo flights tonnes** 2 795,2 -17,0 20 899,3 19,1
Cargo tonnes total 13 301,9 -0,3 86 990,4 5,6
Available tonne kilometres* mill 112,1 -18,8 773,5 -5,9
Revenue tonne kilometres mill 83,2 3,4 528,9 5,4
Cargo load factor* % 74,2 16,0 p 68,4 7,3 p
- North-Atlantic cargo load factor* % 63,2 16,0 p 59,5 5,6 p
- Asia cargo load factor* % 78,2 21,9 p 69,0 9,1 p
Cargo ATK's for the year 2013 are restated due to more accurate metrics implemented in calculation.
* Operational calculatory capacity
** Including purchased traffic
Change %: Change compared to the figures of the respective periods in the previous year
(p = percentage points)
Available seat kilometres, ASK: Total number of seats available, multiplied by the number of kilometres flown
Revenue passenger kilometres, RPK: Number of revenue passengers carried, multiplied by kilometres flown
Passenger load factor: Share of revenue passenger kilometres of available seat kilometres
Available tonne kilometres, ATK: Number of tonnes of capacity for carriage of passengers, cargo and mail, multiplied by kilometres flown
Revenue tonne kilometres, RTK: Total revenue load consisting of passengers, cargo and mail, multiplied by kilometres flown
Overall load factor: Share of revenue tonne kilometres of available tonne kilometres
Traffic statistics for August are published on Friday, 5 September 2014.
FINNAIR PLC
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