Finnair has provided for any rise in fuel prices that may result from a
possible war in Iraq.

"Determining the degree of hedging is a challenge, owing to the
possibility of price changes both upwards and downwards during the next
six months. We have, however, raised our hedging for the first quarter
to more than 70 per cent, compared with our normal level of 50-60 per
cent," said Finnair's President and CEO Keijo Suila at an investor
seminar arranged by Enskilda Securities in Copenhagen on Wednesday.

Finnair uses jet-fuel derivatives to hedge against changes in the price
of fuel. At present, fuel accounts for more than ten per cent of
Finnair's total costs.

Finnair Oyj
Communications
15.1.2003

For further information:
Taneli Hassinen, Financial Communications Officer, tel. +358 9 818 4976
or +358 40 504 3321