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Annual report of the CAA

GROWTH IN INTERNATIONAL AIR TRANSPORT

For airport and air navigation business operations, 2004 was the first “normal” year for a long time. Throughout the world the demand for air travel made up the losses of the previous two and a half years. In Finland a 14 % expansion in international air traffic brought us back to the long-term growth curve of 4 %, having been well below this for numerous reasons in the previous two years. Finland’s international air travel rose to a record number of 8.9 million journeys.

Contributing to the exceptional growth in air travel during 2004 were the general economic trend, the outpouring of the pent-up demand for holiday travel, a more diverse aviation market, stiff competition among the airlines and a fall in air ticket prices. The growth in international air traffic looks likely to continue, though muted to the 4 to 5 % growth trend which is now typical of the industry.