Finnair Traffic Performance in December 2016
Finnair Plc Investor News 10 January 2017 at 09:00 am EET
Number of passengers grew 6.4% year-on-year
In December, Finnair's overall capacity measured in Available Seat Kilometres grew by 4.9 per cent, and traffic measured in Revenue Passenger Kilometres grew by 7.7 per cent year‐on‐year. Growth concentrated on Asia, and the passenger load factor improved or remained unchanged in all traffic areas. Overall, the passenger load factor increased by 2.1 percentage points to 78.9 per cent.
In 2016 as a whole, Finnair carried a record number of 10.9 passengers, 5.6 per cent more than a year earlier. Annual growth was also brisk as measured by Available Seat Kilometres (+6.5%) and Revenue Passenger Kilometres (+5.8%).
The capacity in Finnair’s largest traffic area, Asia, grew by 5.8 per cent in December, and traffic grew by 10.6 per cent on the back of higher passenger load factor. The new Fukuoka and Guangzhou routes were retired in October for the winter season. Hence the December destination range was essentially the same as in the comparison period.
The capacity in American traffic increased by 0.6 per cent year-on-year, and traffic as measured by RPK increased by 4.4 per cent. The destination range was the same as in the comparison period. The New York route was operated by temporarily wet-leased aircraft and flight crew during the month.
European capacity grew by 4.7 per cent and traffic grew by 4.6 per cent year-on-year. Domestic capacity also increased by 4.7 per cent, and traffic increased by 5.9 per cent year‐on‐year reflecting mostly increased flying to Northern Finland.
According to preliminary data, Finnair’s unit revenue, or RASK (total Group revenue divided by ASK), declined in October–December by 3.2 per cent year‐on‐year and totalled 6.95 euro cents.
"By traffic area, our unit revenue in Q4 declined moderately from the comparison period in Asian and European traffic, and somewhat more in Atlantic traffic, whereas the unit revenue in domestic traffic increased slightly. Furthermore, overall unit revenue developments reflect a decline in travel services revenue due to the divestment of SMT and Estravel after the comparison period. ASK increased by 3.5 per cent, mostly in Asia, and the average passenger load factor improved slightly year-on-year. Cargo performance in December reflected internal systems integration challenges, which temporarily slowed down sales," says Finnair CFO Pekka Vähähyyppä.
In December, the cargo capacity in scheduled traffic measured in Available Tonne Kilometres grew by 9.6 per cent, and Revenue Tonne Kilometres decreased by 16.2 per cent year-on-year. In addition, Finnair’s total freight capacity included three weekly freighter flights between Helsinki and Brussels, operated by DHL.
In December, 72.7 per cent of all Finnair flights arrived on schedule (85.8).
Traffic statistics for January 2017 will be published on Tuesday, 7 February 2017.
Note. Finnair revised its Disclosure Policy at the end of last year in line with the EU Market Abuse Regulation, and from now on, monthly traffic performance data will we published as investor news. The Disclosure Policy is available at Finnair’s Investor Relations website: https://investors.finnair.com/en/governance.
Finnair Traffic Performance December 2016
|December 2016||%-Change||Year-to date 2016||%-Change|
|Passengers 1000||841,6||6,4||10 866,6||5,6|
|Available seat kilometres mill||2 725,5||4,9||33 914,2||6,5|
|Revenue passenger kilometres mill||2 150,3||7,7||27 065,3||5,8|
|Passenger load factor %||78,9||2,1 p||79,8||-0,6 p|
|Cargo tonnes total||8 924,7||-14,9||144 596,2||10,6|
|Available tonne kilometres mill||407,0||8,1||5 020,3||8,4|
|Revenue tonne-kilometres mill||245,5||1,6||3 294,6||7,1|
|Overall load factor %||60,3||-3,9 p||65,6||-0,8 p|
|Passengers 1000||471,5||6,7||6 681,9||4,6|
|Available seat kilometres mill||977,0||4,7||13 247,9||2,8|
|Revenue passenger kilometres mill||749,9||4,6||10 413,8||2,9|
|Passenger load factor %||76,8||-0,0 p||78,6||0,1 p|
|Available seat kilometres mill||232,2||0,6||2 692,7||20,1|
|Revenue passenger kilometres mill||182,1||4,4||2 140,7||14,9|
|Passenger load factor %||78,4||2,9 p||79,5||-3,6 p|
|Passengers 1000||145,8||10,3||1 782,5||6,0|
|Available seat kilometres mill||1 361,9||5,8||16 434,2||7,7|
|Revenue passenger kilometres mill||1 106,8||10,6||13 446,8||6,5|
|Passenger load factor %||81,3||3,5 p||81,8||-1,0 p|
|Passengers 1000||199,8||3,3||2 105,7||7,7|
|Available seat kilometres mill||154,3||4,7||1 539,4||6,4|
|Revenue passenger kilometres mill||111,6||5,9||1 064,0||8,2|
|Passenger load factor %||72,3||0,8 p||69,1||1,1 p|
|Cargo scheduled traffic total tonnes||7 585,1||-16,4||127 349,8||11,8|
|Europe tonnes||1 549,0||-15,6||25 628,5||17,2|
|North Atlantic tonnes||432,5||-37,2||8 741,8||8,1|
|Asia tonnes||5 452,4||-14,3||91 223,9||11,0|
|Domestic tonnes||151,2||-16,1||1 755,7||-0,3|
|Cargo flights, tonnes**||1 339,6||-5,8||17 246,4||2,8|
|Cargo tonnes total||8 924,7||-14,9||144 596,2||10,6|
|Available tonne kilometres* mill||118,0||9,2||1464,1||6,1|
|Revenue tonne kilometres mill||53,2||-15,7||873,5||11,0|
|Available sched.cargo tonne kms*, mill.||109,8||9,6||1368,3||6,2|
|Revenue sched.cargo tonne kms, mill.||46,3||-16,2||784,8||11,7|
|Cargo load factor* %||45,1||-13,3 p||59,7||2,6 p|
|- North-Atlantic cargo load factor* %||24,0||-16,0 p||38,9||-0,7 p|
|- Asia cargo load factor* %||46,3||-13,3 p||62,6||3,5 p|
|Scheduled traffic Cargo load factor*, %||42,2||-13,0 p||57,4||2,8 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 communications, 358 9 818 4020, firstname.lastname@example.org
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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 oneworld alliance. In 2015, Finnair’s revenues amounted to EUR 2,255 million and it had a personnel of 4,800 at the year-end. Finnair Plc’s shares are quoted on Nasdaq Helsinki.