Finnair Traffic Performance in March 2017

Finnair Plc      Investor News                     10 April 2017 at 09:00 am

Number of passengers grew 3.1% and passenger load factor rose 1.5 pp year-on-year

In March, Finnair's overall capacity measured in Available Seat Kilometres increased by 2.2 per cent year on year, and traffic measured in Revenue Passenger Kilometres grew by 4.1 per cent. The passenger load factor increased by 1.5 percentage points to stand at 81.0 per cent. Third-party labour disputes forced the cancellation of 190 flights, primarily in domestic and European traffic, reducing capacity growth by 1.0 percentage point.

The capacity in Finnair’s largest traffic area, Asia, increased by 3.7 per cent in March and traffic grew by 8.8 per cent due to a significantly higher passenger load factor. The moderate capacity growth reflects the suspension of Finnair flights to Chongqing as planned between 11 March and 2 May 2017 due to pilots’ A350 trainings.

The capacity in American traffic decreased by 6.6 per cent year-on-year, and traffic measured in RPK decreased by 10.3 per cent. The scheduled destination range was the same as in the comparison period. Part of the Atlantic traffic was operated by temporarily wet-leased aircraft and crew.

Finnair’s capacity in European traffic increased by 1.4 per cent and traffic grew by 1.1 per cent year-on-year. Domestic capacity increased by 6.4 per cent, and traffic grew by 4.7 per cent year on year due to increased flying to Northern Finland. Third-party strikes at the Helsinki Airport affected in particular Finnair’s European and domestic traffic.

In March, the Revenue Scheduled Cargo Tonne Kilometres increased by 7.5 per cent, although the corresponding cargo capacity contracted by 4.2 per cent. The cargo volume grew markedly both in Asian and European traffic but decreased in North Atlantic and domestic traffic. Finnair’s total cargo capacity also included three weekly freighter flights between Helsinki and Brussels, operated by DHL.

In March, 87,8 per cent of all Finnair flights arrived on schedule (88.7).

According to preliminary data, Finnair’s unit revenue, or RASK (total Group revenue divided by ASK), increased in January–March by 3.3 per cent year on year and totalled 6.82 euro cents.

"Unit revenue rose in the first quarter largely on the back of an improved passenger load factor, especially in Asian traffic. Flight cancellations due to resource constraints and labour disputes kept passenger capacity (ASK) at last year’s level. Nevertheless, domestic traffic grew considerably, driven by tourism in Lapland. The divestment of SMT after the comparison period had a negative effect of slightly below one per cent on the unit revenue growth," says Finnair CFO Pekka Vähähyyppä.

Traffic statistics for April 2017 will be published on Tuesday, 9 May 2017.


Finnair Traffic Performance March 2017

March 2017   %-Change Year-to date 2017 %-Change
Total Traffic
Passengers   1000 934,0 3,1 2 603,6 4,1
Available   seat kilometres mill 2 850,1 2,2 8 127,7 0,1
Revenue   passenger kilometres mill 2 307,7 4,1 6 617,1 3,4
Passenger   load factor % 81,0 1,5 p 81,4 2,6 p
Cargo   tonnes total 12 514,9 7,5 31 987,4 -2,9
Available   tonne kilometres mill 421,4 3,2 1 209,5 1,8
Revenue   tonne-kilometres mill 281,2 4,6 784,0 1,7
Overall   load factor % 66,7 0,9 p 64,8 -0,1 p
Europe
Passengers   1000 520,8 1,6 1 430,7 3,0
Available   seat kilometres mill 1 065,3 1,4 2 990,6 -0,3
Revenue   passenger kilometres mill 835,1 1,1 2 266,1 1,7
Passenger   load factor % 78,4 -0,2 p 75,8 1,4 p
North Atlantic
Passengers   1000 22,0 -10,4 63,5 -6,9
Available   seat kilometres mill 204,6 -6,6 606,2 -4,1
Revenue   passenger kilometres mill 162,4 -10,3 474,3 -6,7
Passenger   load factor % 79,4 -3,3 p 78,2 -2,2 p
Asia
Passengers   1000 155,3 8,8 464,5 5,7
Available   seat kilometres mill 1 391,1 3,7 4 011,4 -0,3
Revenue   passenger kilometres mill 1 176,0 8,8 3 513,0 5,5
Passenger   load factor % 84,5 3,9 p 87,6 4,8 p
Domestic
Passengers   1000 235,8 4,3 644,8 6,6
Available   seat kilometres mill 189,1 6,4 519,5 11,0
Revenue   passenger kilometres mill 134,2 4,7 363,6 8,7
Passenger   load factor % 71,0 -1,2 p 70,0 -1,5 p
Cargo Traffic
Cargo   scheduled traffic total tonnes 10 911,3 8,1 27 722,8 -2,8
Europe   tonnes 2 168,0 9,9 5 467,8 -0,9
North   Atlantic tonnes 654,2 -5,4 1 905,7 -6,0
Asia   tonnes 7 941,5 9,1 19 927,8 -2,9
Domestic   tonnes 147,7 -3,0 421,6 -9,1
Cargo   flights, tonnes** 1 603,6 3,8 4 264,5 -3,1
Cargo   tonnes total 12 514,9 7,5 31 987,4 -2,9
Available   tonne kilometres* mill 115,9 -3,7 336,1 -5,1
Revenue   tonne kilometres mill 74,9 5,9 192,2 -3,3
Available   sched.cargo tonne kms*, mill. 107,2 -4,2 311,4 -5,8
Revenue   sched.cargo tonne kms, mill. 66,8 7,5 170,5 -2,9
Cargo load   factor* % 64,7 5,9 p 57,2 1,0 p
-   North-Atlantic cargo load factor* % 41,1 -1,8 p 41,4 -0,1 p
- Asia   cargo load factor* % 68,4 8,9 p 59,2 2,3 p
Scheduled   traffic Cargo load factor*, %   62,3 6,8 p 54,7 1,6 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@finnair.com

Distribution:
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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 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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