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

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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This report contains the following 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"

This report contains the following charts and tables:

• 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