2010-02-09
Operating loss for Blue1 in 2009
Blue1 reports EBIT before nonrecurring items for 2009 of MEUR -19,3, down MEUR 18,2 compared with the year-earlier period. The trend for Blue1 remains unsatisfactory and the airline’s EBIT margin is significantly weaker than in 2008. The main reason for this trend is the weak market conditions which led to lower business travel and primarily affected the company’s traffic between Finland and Scandinavia.
The load factor (65.1%) maintained the same level as the year-earlier period, while a lower yield put pressure on revenue. Capacity (ASK) for the full-year was 4.5% lower compared with the year-earlier period. The unit cost excluding fuel rose in 2009, although earnings were mainly affected by the decline in unit revenue (RASK).
BLUE1 COMMUNICATIONS
For further information: VP Communications and Public Affairs Tom Christides
+358 40 752 3131