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BUSINESS REVIEWFINANCIAL STATEMENTSFINNAIR AND SOCIETY
Finnair in BriefGraphs
FINANCIAL STATEMENTS


Board of Directors Report


Accounting Principles


Consolidated Income Statement


Consolidated Balance Sheet


Consolidated Cash Flow Statement


Finnair Plc Income Statement


Finnair Plc Balance Sheet


Finnair Plc Cash Flow Statement


Notes to the Financial Statements


Shares and Share Capital


Proposal on the Dividend


Auditors' Report


Financial Indicators


Turnover by Sector


Operating Profit by Sector


Calculation of Key Indicators

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Cargo

Finnair Cargo is responsible for the transport of air freight. In its operations it utilizes capacity on Finnair's scheduled passenger and leisure flights as well as Helsinki's gateway status. If necessary, capacity is also leased from freight operators outside the Group.

In financial year 2003, Cargo Traffic's unit revenues fell by 7.3 per cent and turnover by 0.6 per cent to 121.0 million euros. The operating loss was 1.6 million euros (operating profit 1.2 million).

The number of cargo kilos carried fell by 0.4 per cent. Growth continued to be strong in Asian traffic, where Finnair's MD-11 long-haul aircraft were utilized. Cargo capacity leased from outside the Group declined further, but leased capacity was gradually increased during the autumn.

 


General Review


Financial Result


Investment and Financing


Shares and Share Capital


Personnel


Governance


Performance of the Divisions


Scheduled Passenger Traffic


Leisure Traffic


Cargo


Aviation Services


Travel Services


Support Services


Services and Products


Introduction of IFRS rules


Short Term Outlook