Finnair Traffic Performance in June 2016

Finnair Plc         Stock Exchange Release         8 July 2016 at 09:00 am EET

Number of passengers grew 6.7% year‐on‐year

In June, Finnair's overall capacity measured in Available Seat Kilometres grew by 10.5 per cent and traffic measured in Revenue Passenger Kilometres grew by 9.7 per cent year‐on‐year. Capacity grew especially in long haul traffic, the proportion of which grew from 52 to 56 per cent year-on-year. Despite the strong growth, the passenger load factor was close to last year’s level at 84.1 per cent (84.7 per cent).

The capacity in Finnair’s largest traffic area, Asia, grew by 14.4 per cent in June, boosted in particular by the newly launched Fukuoka and Guangzhou routes, while traffic grew by 10.4 per cent. Capacity in American traffic increased by as much as 44.4 per cent due to the Miami and Chicago routes being operated this year, and traffic measured in RPK by 37.3 per cent.

The capacity in European traffic grew by 2.5 per cent, and traffic as measured in RPK increased by 5.1 per cent year‐on‐year. At the same time, the capacity in domestic traffic contracted by 4.0 per cent and traffic by 0.3 per cent year‐on‐year.

According to preliminary data, Finnair’s Revenue per Available Seat Kilometre (RASK), or revenues divided by ASK, declined in April–June by 3.8 per cent year‐on‐year and totalled 6.69 euro cents.

"Due to the strong growth of Finnair’s long-haul traffic, available seat kilometres increased in the second quarter. Typically, unit revenues in long haul traffic are lower than in short haul, and passenger loads on recently launched long-haul routes were somewhat muted, which is typical in the ramp-up stage. These factors had a negative impact on the average unit revenue. Unit revenues in our Asian and American traffic showed a decline year-on-year, while remaining at last year’s level in domestic traffic and increasing slightly in Europe. Finnair’s Revenue Cargo Tonnes grew, but unit revenues declined due to overcapacity in the markets", says Finnair CFO Pekka Vähähyyppä.

In June, the cargo capacity in scheduled traffic measured in Available Tonne Kilometres grew by 10.8 per cent, and Revenue Tonne Kilometres increased by 17.0 per cent year on year. In addition, Finnair’s total freight capacity includes two weekly freighter flights between Helsinki and Brussels and two weekly freighter flights shared with IAG between Helsinki and London, both operated by DHL.

In June, 86.8 per cent of all Finnair flights arrived on schedule (86.5).

Traffic statistics for July 2016 will be published on Monday, 8 August 2016.

Finnair Traffic Performance June 2016

June 2016  %-Change Year-to-date   2016 %-Change
Total Traffic
Passengers   1000 1 008,5 6,7 5 279,9 7,6
Available   seat kilometres mill 2 955,6 10,5 16 633,2 7,1
Revenue   passenger kilometres mill 2 484,6 9,7 12 991,7 6,4
Passenger   load factor % 84,1 -0,6 p 78,1 -0,5 p
Cargo   tonnes total 12 833,7 17,3 70 977,1 14,7
Available   tonne kilometres mill 438,7 13,8 2 451,0 8,0
Revenue   tonne-kilometres mill 299,9 11,2 1 589,1 8,7
Overall   load factor % 68,3 -1,6 p 64,8 0,4 p
Europe
Passengers   1000 666,9 6,4 3 172,8 5,5
Available   seat kilometres mill 1 196,8 2,5 6 412,2 3,2
Revenue   passenger kilometres mill 1 028,4 5,1 4 942,5 3,4
Passenger   load factor % 85,9 2,1 p 77,1 0,1 p
North Atlantic
Passengers   1000 31,4 29,4 143,0 23,4
Available   seat kilometres mill 256,8 44,4 1 304,4 31,7
Revenue   passenger kilometres mill 223,9 37,3 1 038,9 27,4
Passenger   load factor % 87,2 -4,5 p 79,6 -2,6 p
Asia
Passengers   1000 154,5 10,2 852,7 4,5
Available   seat kilometres mill 1 401,2 14,4 8 091,6 6,3
Revenue   passenger kilometres mill 1 160,6 10,4 6 438,0 5,3
Passenger   load factor % 82,8 -3,0 p 79,6 -0,7 p
Domestic
Passengers   1000 155,7 1,2 1 111,4 15,1
Available   seat kilometres mill 100,8 -4,0 825,1 14,5
Revenue   passenger kilometres mill 71,7 -0,3 572,4 14,6
Passenger   load factor % 71,2 2,6 p 69,4 0,1 p
Cargo Traffic
Cargo   scheduled traffic total tonnes 11 393,9 19,0 62 045,5 14,8
Europe   tonnes 2 332,5 35,0 12 416,4 20,4
North   Atlantic tonnes 866,2 38,8 4 422,1 16,8
Asia   tonnes 8 050,8 13,4 44 302,0 13,3
Domestic   tonnes 144,4 13,6 905,1 9,2
Cargo   flights, tonnes** 1 439,8 5,6 8 931,6 13,4
Cargo   tonnes total 12 833,7 17,3 70 977,1 14,7
Available   tonne kilometres* mill 127,8 10,8 725,4 7,3
Revenue   tonne kilometres mill 77,5 15,7 427,0 15,4
Available   sched.cargo tonne kms*, mill. 119,9 10,8 677,7 7,5
Revenue   sched.cargo tonne kms, mill. 70,2 17,0 381,6 14,8
Cargo load   factor* % 60,7 2,6 p 58,9 4,1 p
-   North-Atlantic cargo load factor* % 40,8 3,5 p 41,7 0,2 p
- Asia   cargo load factor* % 63,9 3,3 p 60,7 4,6 p
Scheduled traffic Cargo load factor*, %  58,5 3,1 p 56,3 3,6 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 PLC

Further information:
Finnair communications, 358 9 818 4020, comms(a)finnair.com

Distribution:
NASDAQ OMX Helsinki
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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.

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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