Finnair, the national carrier of Finland, is getting ready to cut its capacity by around two per cent in the beginning, as a result of high fuel costs and declining passenger demand and may also cut jobs, the airline's chief executive revealed to a paper. This is not a surprising move though.

According to Helsingin Sanomat, the Chief Executive of the carrier, Jukka Hienonen, said, "If we will have to make a reduction that equals the level of average overcapacity in Europe, 7-10 percent, we will face staff cuts"..

The traffic figures of the carrier for the month of May, reported on Tuesday, revealed a lower number of travellers on scheduled services, fairly due to diminishing demand for its services to both China and India, connections that have so far lead its development plan.

Hienonen said that the traffic figures for the month of May were gruesome. Revealing to the newspaper, Hienonen said, "The market cannot currently sustain our growth factor. We can no longer continue with the growth strategy we've had up to now".

On Tuesday, the carrier held discussions with the members of staff in relation to the possible capacity cuts.

The total revenue passenger kilometres of the carrier increased 6.3 per cent in the month of May from a year before.

Simultaneously, the capacity of the airline rose 18.1 per cent, resulting in a 7.3 percentage point decline in overall passenger load factor of the carrier.