Finnair Traffic Performance in April 2017

Finnair Plc               Investor News             9 May 2017 at 09:00 am

Number of passengers grew 13.3% and passenger load factor rose 7.8 pp year-on-year

In April, Finnair's overall capacity measured in Available Seat Kilometres increased by 9.9 per cent year on year, and traffic measured in Revenue Passenger Kilometres grew by 21.3 per cent. The passenger load factor increased by 7.8 percentage points to stand at 82.9 per cent.

The strong growth is emphasised by the weak comparison period, when passenger demand was affected by security concerns following a terror attack in the Brussels airport . In addition, the timing of Easter in April 2017 boosted leisure travel year-on-year.

The capacity in Finnair’s largest traffic area, Asia, increased by 2.8 per cent in April and traffic grew by 19.5 per cent due to a significantly higher passenger load factor. The positive capacity growth was mainly due to the higher passenger capacity of the A350 aircraft rolled-out in Asian traffic. Capacity growth was slowed down by the suspension of Finnair flights to Chongqing between 11 January and 2 May 2017 due to A350 pilot training.

The capacity in American traffic increased by 34.6 per cent year-on-year, and traffic measured in RPK increased by 51.7 per cent. The capacity growth was due to the opening of the seasonal Chicago route already in April this year. The Miami route continued to be operated by temporarily wet-leased aircraft and crew.

Finnair’s capacity in European traffic increased by 14.7 per cent reflecting new seasonal routes opened for the summer, and traffic grew by 20.2 per cent year-on-year. Domestic capacity increased by 9.4 per cent, particularly in Northern Finland, and traffic grew by 9.3 per cent year.

Available Scheduled Cargo Tonne Kilometres were broadly unchanged year-on-year (+0.1%), but Revenue Scheduled Cargo Tonne Kilometres decreased by 3.7 per cent reflecting changes in the route mix and fleet. Finnair’s total cargo capacity also included three weekly freighter flights between Helsinki and Brussels, operated by DHL.

In April, 86.7 per cent of all Finnair flights arrived on schedule (94.3).

Traffic statistics for May 2017 will be published on Tuesday, 6 June 2017.

Finnair Traffic Performance April 2017

April 2017   %-Change Year-to date 2017 %-Change
Total Traffic
Passengers 1000 960,2 13,3 3 563,7 6,4
Available seat kilometres mill 2 836,7 9,9 10 964,5 2,5
Revenue passenger kilometres mill 2 350,4 21,3 8 967,5 7,6
Passenger load factor % 82,9 7,8 p 81,8 3,9 p
Cargo tonnes total 12 381,6 -3,1 44 368,9 -2,9
Available tonne kilometres mill 418,5 9,7 1 628,0 3,7
Revenue tonne-kilometres mill 285,8 14,3 1 069,9 4,7
Overall load factor % 68,3 2,7 p 65,7 0,7 p
Europe
Passengers 1000 602,5 15,2 2 033,3 6,3
Available seat kilometres mill 1 188,2 14,7 4 178,9 3,6
Revenue passenger kilometres mill 947,5 20,2 3 213,6 6,5
Passenger load factor % 79,7 3,6 p 76,9 2,1 p
North Atlantic
Passengers 1000 25,7 48,9 89,3 4,3
Available seat kilometres mill 219,6 34,6 825,8 3,8
Revenue passenger kilometres mill 184,3 51,7 658,6 4,5
Passenger load factor % 83,9 9,5 p 79,8 0,6 p
Asia
Passengers 1000 148,1 18,9 612,6 8,7
Available seat kilometres mill 1 282,5 2,8 5 293,9 0,5
Revenue passenger kilometres mill 1 121,3 19,5 4 634,3 8,6
Passenger load factor % 87,4 12,2 p 87,5 6,6 p
Domestic
Passengers 1000 183,8 0,8 828,6 5,3
Available seat kilometres mill 146,4 9,4 665,8 10,6
Revenue passenger kilometres mill 97,4 9,3 461,0 8,8
Passenger load factor % 66,5 -0,0 p 69,2 -1,1 p
Cargo Traffic
Cargo scheduled traffic total tonnes 10 628,0 -4,1 38 350,8 -3,2
Europe tonnes 2 117,4 -3,3 7 585,1 -1,6
North Atlantic tonnes 799,0 15,5 2 704,7 -0,5
Asia tonnes 7 589,8 -5,8 27 517,6 -3,7
Domestic tonnes 121,9 -18,1 543,4 -11,3
Cargo flights, tonnes** 1 753,5 4,0 6 018,1 -1,1
Cargo tonnes total 12 381,6 -3,1 44 368,9 -2,9
Available tonne kilometres* mill 113,6 0,0 449,7 -3,8
Revenue tonne kilometres mill 75,6 -1,6 267,9 -2,8
Available sched.cargo tonne kms*, mill. 105,6 0,1 417,0 -4,3
Revenue sched.cargo tonne kms, mill. 65,9 -3,7 236,4 -3,1
Cargo load factor* % 66,6 -1,1 p 59,6 0,6 p
-   North-Atlantic cargo load factor* % 42,0 -4,5 p 41,6 -1,1 p
- Asia cargo load factor* % 70,2 -0,1 p 61,9 1,8 p
Scheduled traffic Cargo load factor*,   %   62,4 -2,5 p 56,7 0,7 p

* Operational calculatory capacity

** Including purchased traffic

– Change %: Change compared to the figures of the respective periods in the previous year (p = percentage points)

– Available seat kilometres, ASK: Total number of seats available, multiplied by the number of kilometres flown

– Revenue passenger kilometres, RPK: Number of revenue passengers carried, multiplied by kilometres flown

– Passenger load factor: Share of revenue passenger kilometres of available seat kilometres

– Available tonne kilometres, ATK: Number of tonnes of capacity for carriage of passengers, cargo and mail, multiplied by kilometres flown

– Revenue tonne kilometres, RTK: Total revenue load consisting of passengers, cargo and mail, multiplied by kilometres flown

– Overall load factor: Share of revenue tonne kilometres of available tonne kilometres  

Finnair is a network airline specialising in passenger and cargo traffic between Asia and Europe. Helsinki’s geographical location gives Finnair a competitive advantage, since the fastest connections between many European destinations and Asian megacities fly over Finland. Finnair’s vision is to offer its passengers a unique Nordic experience, and its mission is to offer the smoothest, fastest connections in the northern hemisphere via Helsinki and the best network to the world from its home markets. Finnair is the only Nordic carrier with a 4-star Skytrax ranking and a member of the one world alliance. In 2016, Finnair’s revenues amounted to EUR 2,317 million and it carried almost 11 million passengers. Finnair Plc’s shares are quoted on Nasdaq Helsinki.

About Us

Finnair is specialised in flying between Europe and Asia via Helsinki. Finnair's strategy is based on the growing markets in Asia, the fastest connections between Europe and Asia, high-quality service, and cost-efficient, punctual operations. Founded in 1923, Finnair is one of the world's oldest continuously operating airlines. It is a member of oneworld, the leading airline alliance for quality-conscious business travelers.

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