Leisure Traffic
This division consists of Finnair Leisure Flights' operations 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. Finnair Leisure Flights continues to have a strong, 80 per cent share of leisure travel flights, even though additional players have entered the market.
In financial year 2003, the turnover of the division fell by 0.8 per cent to 327.3 million euros. Reduced leisure flight capacity as well as increased competition in the leisure flight market contributed to the decline in turnover. Unit revenues for leisure traffic declined by 1.3 per cent. The division's operating profit improved to 16.6 million euros (6.6 million).
Demand for leisure traffic decreased by 1.1 per cent, while capacity was reduced by 1.5 per cent. Passenger load factor improved by 0.4 percentage points to 88.7 per cent. |