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BUSINESS REVIEW


CEO review


Whose Wings Will Win?


Key Figures 2003


Organisation


Scheduled Passenger Traffic


Leisure Traffic


Aviation Services


Travel Services


Risk Management


Corporate Governance


Board of Directors and Auditors


Group Management


Traffic Information


Destinations


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The future is in Asia

As the SARS epidemic receded at the end of last summer, we restored our capacity on Asian routes as demand recovered. The normalization of traffic and the opening of new routes to Osaka and Shanghai once more resulted in strong growth in demand in Asian traffic. In the third quarter the proportion of passenger and cargo revenue coming from Asian traffic exceeded revenue from domestic traffic for the first time.

Our strong success factors in the growing Asian travel market provide a sustainable foundation for our chosen strategy. We offer the fastest connections between our Far Eastern destinations and dozens of European cities. In three years our China traffic has grown from two Beijing flights per week to 16 return flights per week to three destinations in China.

 


Mid-Air Mud-Wrestling


The future is in Asia


Competition tests our staying power


From defence to attack


Responsibility to customers and interest groups


A return to profitable growth