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Finavia: passenger demand slump in 1Q09, EU traffic in freefall

14-May-2009

Finavia Group, the Finnish state-owned airports company and Air Navigation Services Provider (ANSP), reported 1Q09 revenue fell 1.7% year-on-year, as the declining traffic situation in Europe continues to cut into earnings across the continent in early 2009. [969 words]

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Subheadings:

  • Passenger demand slump in 1Q09, EU traffic in freefall
  • ATM operations not feeling full impact of passenger downturn
  • New cost reduction efforts
  • Outlook: 2009 and 2010 to be "challenging"

Graphs and data:

  • Finavia financial & traffic highlights for three months ended 31-Mar-09
  • Finavia passenger traffic: Jan-2009 to Apr-2009
  • Finavia aircraft landings: Dec-2008 to Apr-2009
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