Finnair Traffic Performance in September 2017

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

Strong growth continues: number of passengers increased by 10.7% September

In September, Finnair's overall capacity measured in Available Seat Kilometres increased by 10.6 per cent yearonyear, and traffic measured in Revenue Passenger Kilometres grew by 16.9 per cent. The number of passengers carried in September was 1.08 million, corresponding to an increase of 10.7 per cent year-on-year. The passenger load factor increased by 4.6 percentage points to 85.3 per cent.

The capacity in Finnair’s largest traffic area, Asia, increased by 15.4 per cent in September and traffic grew by 21.5 per cent. The passenger load factor increased by 4.5 percentage points to 88.9 per cent. The selection of routes was mainly unchanged year-on-year, but there were more frequencies to many destinations, Tokyo and Hong Kong in particular.

The capacity in North Atlantic traffic was broadly unchanged (ASK -0.3 per cent), but traffic increased by 17.9 per cent: the passenger load factor rose by as much as 13.4 percentage points to 86.6 per cent. The most significant year-on-year changes in the flight programme were the suspension of the Miami route for the summer and the launch of a new San Francisco route, operated three times a week from the beginning of June until the end of September.

Finnair’s capacity in European traffic increased by 8.6 per cent reflecting new seasonal routes opened for the summer as well as four new A321 narrow-body aircraft. Traffic measured in RPK grew by 12.3 per cent year-on-year. Domestic capacity decreased 3.0 per cent. However, traffic decreased slightly less than that (RPK -1.2 per cent) and the passenger load factor rose.

Available Scheduled Cargo Tonne Kilometres increased by 10.5 per cent and Revenue Scheduled Cargo Tonne Kilometres increased by 15.9 per cent. The strongest growth markets year-on-year were Japan, Germany, Sweden, Hong Kong and the main Chinese destinations. Finnair’s total cargo capacity also included three weekly freighter flights between Helsinki and Brussels, operated by DHL as well as cargo space rented on Japan Airlines’ daily flights between Tokyo and Helsinki.

In September, 87.2 per cent of all Finnair flights arrived on schedule (90.9).

According to preliminary data, Finnair’s unit revenue, or RASK (total Group revenue divided by ASK), increased in July–September by 3.3 per cent year-on-year and totalled 7.29 euro cents.

“The third quarter was very strong in terms of traffic performance. Our capacity increased by over 10 per cent in each month, but demand growth nevertheless clearly exceeded capacity growth. It is also worth pointing out that our unit revenue increased while load factors improved”, says Finnair CFO Pekka Vähähyyppä.

Traffic statistics for October 2017 will be published on Tuesday, 7 November 2017.

Finnair Traffic Performance September 2017

September 2017 %-Change Year-to date 2017 %-Change
Total Traffic
Passengers 1000 1 075,7 10,7 8 948,5 8,2
Available seat kilometres mill 3 252,0 10,6 27 315,4 6,2
Revenue passenger kilometres mill 2 775,1 16,9 23 032,0 11,6
Passenger load factor % 85,3 4,6 84,3 4,1
Cargo tonnes total 15 196,8 13,2 116 143,2 5,8
Available tonne kilometres mill 489,7 11,9 4 078,8 7,5
Revenue tonne-kilometres mill 343,1 16,6 2 774,4 10,5
Overall load factor % 70,1 2,8 68,0 1,9
Europe
Passengers 1000 676,8 11,5 5 611,6 9,3
Available seat kilometres mill 1 242,3 8,6 10 767,3 6,9
Revenue passenger kilometres mill 1 021,3 12,3 8 735,9 9,6
Passenger load factor % 82,2 2,7 81,1 2,0
North Atlantic
Passengers 1000 31,5 15,8 241,1 2,8
Available seat kilometres mill 260,5 -0,3 2 054,0 -2,3
Revenue passenger kilometres mill 225,7 17,9 1 741,3 3,2
Passenger load factor % 86,6 13,4 84,8 4,5
Asia
Passengers 1000 191,4 21,3 1 557,6 15,1
Available seat kilometres mill 1 623,8 15,4 13 315,8 7,2
Revenue passenger kilometres mill 1 443,2 21,5 11 758,3 15,2
Passenger load factor % 88,9 4,5 88,3 6,1
Domestic
Passengers 1000 176,0 -2,2 1 538,1 -0,5
Available seat kilometres mill 125,4 -3,0 1 178,2 4,8
Revenue passenger kilometres mill 84,8 -1,2 796,6 2,5
Passenger load factor % 67,7 1,2 67,6 -1,5
Cargo Traffic
Cargo scheduled traffic total tonnes 13 495,9 12,7 101 735,1 5,2
Europe tonnes 2 474,8 5,3 19 275,0 -0,2
North Atlantic tonnes 861,9 -11,1 7 018,8 -1,5
Asia tonnes 10 093,4 18,8 74 680,7 8,4
Domestic tonnes 65,9 -56,9 760,6 -41,7
Cargo flights, tonnes** 1 700,9 17,2 14 407,1 9,6
Cargo tonnes total 15 196,8 13,2 116 142,3 5,8
Available tonne kilometres* mill 133,7 10,6 1 092,8 3,4
Revenue tonne kilometres mill 94,7 15,7 713,7 7,7
Available sched.cargo tonne kms*, mill. 125,5 10,5 1 018,9 3,6
Revenue sched.cargo tonne kms, mill. 86,2 15,9 640,5 7,5
Cargo load factor* % 70,8 3,1 65,3 3,6
- North-Atlantic cargo load factor* % 47,9 -1,6 49,9 4,2
- Asia cargo load factor* % 77,0 4,1 70,5 5,2
Scheduled traffic Cargo load factor*, % 68,7 3,2 62,9 2,3

* 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 oneworld 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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