Finnair Traffic Performance in September 2016

Finnair Plc         Stock Exchange Release         10 October 2016 at 09:00 am EET

Number of passengers grew 6.0% year‐on‐year

In September, Finnair's overall capacity measured in Available Seat Kilometres grew by 8.5 per cent and traffic measured in Revenue Passenger Kilometres grew by 7.2 per cent year‐on‐year. The passenger load factor declined by 0.9 percentage points year-on-year to 80.7 per cent.

The capacity in Finnair’s largest traffic area, Asia, grew by 12.4 per cent in September, boosted in particular by the Fukuoka and Guangzhou routes launched for the summer season and the additional capacity introduced by the A350s, and traffic grew by 9.4 per cent. Capacity in American traffic increased by 24.3 per cent, mainly due to increased Chicago frequencies, and traffic measured in RPK increased by 9.1 per cent.

The capacity in European traffic grew by 2.3 per cent, and traffic measured in RPK increased by 4.4 per cent year‐on‐year. The capacity in domestic traffic contracted by 1.3 per cent, and traffic increased by 5.7 per cent year‐on‐year.

According to preliminary data, Finnair’s unit revenue, or RASK (total Group revenue divided by ASK), declined in July–September by 5.1 per cent year‐on‐year and totalled 7.04 euro cents.

"In our European and domestic traffic, load factor increased and unit revenue improved slightly year-on-year. The strong capacity growth continued in Finnair’s long-haul traffic in the third quarter, while passenger volume growth was more moderate. Average load factor and unit revenue declined year-on-year. Particularly in traffic between China and Europe, there was marked growth in market capacity. In Cargo traffic, unit revenues declined, but strong volume growth balanced this partially," says Finnair CFO Pekka Vähähyyppä.

In September, the cargo capacity in scheduled traffic measured in Available Tonne Kilometres grew by 4.8 per cent, and Revenue Tonne Kilometres increased by 24.5 per cent year on year. In addition, Finnair’s total freight capacity included two weekly freighter flights between Helsinki and Brussels and two weekly freighter flights shared with IAG between Helsinki and London, both operated by DHL, the latter being replaced by a regular A350 connection five times a week in the first week of October.

In September, 90.9 per cent of all Finnair flights arrived on schedule (92.5).

Traffic statistics for October 2016 will be published on Tuesday, 8 November 2016.

Finnair Traffic Performance September 2016

September 2016   %-Change Year-to-date 2016 %-Change
Total Traffic
Passengers   1000 971,9 6,0 8 267,2 6,5
Available   seat kilometres mill 2 941,5 8,5 25 719,9 7,5
Revenue   passenger kilometres mill 2 374,3 7,2 20 645,0 6,4
Passenger   load factor % 80,7 -0,9 p 80,3 -0,8 p
Cargo   tonnes total 13 422,8 22,7 109 815,8 15,1
Available   tonne kilometres mill 437,5 11,1 3 794,5 8,9
Revenue   tonne-kilometres mill 294,3 11,3 2 510,0 8,5
Overall   load factor % 67,3 0,1 p 66,1 -0,2 p
Europe
Passengers   1000 607,0 5,5 5 133,6 5,2
Available   seat kilometres mill 1 143,8 2,3 10 069,0 3,0
Revenue   passenger kilometres mill 909,2 4,4 7 972,1 3,4
Passenger   load factor % 79,5 1,6 p 79,2 0,3 p
North Atlantic
Passengers   1000 27,2 4,3 234,5 16,3
Available   seat kilometres mill 261,4 24,3 2 102,9 27,8
Revenue   passenger kilometres mill 191,4 9,1 1 687,2 21,1
Passenger   load factor % 73,2 -10,2 p 80,2 -4,4 p
Asia
Passengers   1000 157,8 9,5 1 353,8 5,9
Available   seat kilometres mill 1 407,1 12,4 12 423,7 8,4
Revenue   passenger kilometres mill 1 187,8 9,4 10 208,5 6,4
Passenger   load factor % 84,4 -2,3 p 82,2 -1,5 p
Domestic
Passengers   1000 179,9 5,0 1 545,2 10,3
Available   seat kilometres mill 129,2 -1,3 1 124,3 8,6
Revenue   passenger kilometres mill 85,9 5,7 777,2 9,9
Passenger   load factor % 66,4 4,4 p 69,1 0,8 p
Cargo Traffic
Cargo   scheduled traffic total tonnes 11 972,1 24,8 96 667,6 15,8
Europe   tonnes 2 350,6 33,8 19 317,2 25,6
North   Atlantic tonnes 970,0 36,3 7 125,1 20,1
Asia   tonnes 8 498,7 22,1 68 921,4 13,2
Domestic   tonnes 152,8 -8,8 1 303,9 4,2
Cargo   flights, tonnes** 1 450,7 8,2 13 148,2 10,1
Cargo   tonnes total 13 422,8 22,7 109 815,8 15,1
Available   tonne kilometres* mill 124,3 4,5 1111,7 6,7
Revenue   tonne kilometres mill 81,8 23,2 662,9 14,8
Available   sched.cargo tonne kms*, mill. 116,4 4,8 1039,9 6,9
Revenue   sched.cargo tonne kms, mill. 74,4 24,5 596,1 15,1
Cargo load   factor* % 65,8 10,0 p 59,6 4,2 p
-   North-Atlantic cargo load factor* % 45,6 7,8 p 40,6 1,1 p
- Asia   cargo load factor* % 70,1 11,6 p 62,4 5,1 p
Scheduled traffic Cargo load factor*, %   63,9 10,1 p 57,3 4,1 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
Principal media

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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