The decisive factor for the CAA’s
business development in 2004 will be how well the new airlines
that entered the market in 2003 perform. If no new carrier
emerges to take the place of Flying Finn Airways Oy, which
withdrew from the market at the beginning of the year, it
would mean a reduction of passengers, at least in domestic
traffic, of about 3 %. Overseas traffic, on the other hand,
should continue to grow, assuming there are no surprises in
the international situation. The CAA expects international
traffic to expand by about 4 %.
The profit target set for the CAA in 2004 is € 7.9
million. If the economy grows as forecast and if there are
no external events to hinder air traffic, the CAA has every
prospect of meeting its profit target. The earnings estimate
is lower than the result for 2003 because of higher wage
levels, the full-scale operation of the third runway, further
tightening of security inspections and because it was decided
not to increase traffic charges in 2004 at all. We aim to
keep service standards about the same as before. The earnings
target corresponds to the general target set by the ministry
of transport and communications for state-owned infrastructure
enterprises.
