Finnair Traffic Performance in August 2019
Finnair Plc Investor News 6 September 2019 at 9:00 am
Passenger Load Factor increased year-on-year by 2.6%
In August, Finnair carried 1,361,100 passengers, 12.9% more than in the corresponding period of 2018. The overall capacity measured in Available Seat Kilometres (ASK) increased in August by 9.3%. Finnair's traffic measured in Revenue Passenger Kilometres (RPKs) increased by 12.8%, and the Passenger Load Factor (PLF) increased year-on-year by 2.6% points to 86.8%.
Finnair’s long-haul capacity increased year-on-year with three new A350 aircraft that entered the service after the comparison period. The ASK growth in Asian traffic was 10.8%, mainly due to additional frequencies to Hong Kong and Osaka. The North American capacity increased by 31.8% following the opening of the new Los Angeles route in March and added frequencies to San Francisco.
In European traffic the ASKs were up by 4.3%. The growth derived from additional seating capacity in some of the existing narrow-body aircraft and the changes in route network. The added capacity was directed especially to new seasonal destinations Hannover and Trondheim and added frequencies to London, Moscow and St Petersburg. Capacity in domestic traffic decreased by 4.7%. The runway renovation and consequent closure of Kuusamo airport for the main part of the months was a key contributor to this decline.
RPKs increased in Asian traffic by 9.2%, in North American traffic by 34.3%, in European traffic by 13.5% and in domestic traffic by 5.2%. The PLF was 90.5% in Asian traffic, 89.5% in North American traffic, 82.9% in European traffic and 66.5% in domestic traffic.
Passenger numbers increased in Asian traffic by 8.9%, in North American traffic by 27.2%, in European traffic by 14.9% and in domestic traffic by 4.9%.
Available scheduled cargo tonne kilometres increased by 13.1% year-on-year. Revenue scheduled cargo tonne kilometres increased by 10.0%. Global uncertainty in world trade has reflected on the freight market and has generally lowered expectations, especially for cargo departing from Asia.
Finnair cancelled four long haul flight in the last week of the August and several domestic and European flight during the month due to technical reasons and weather conditions. In August 76.9% of all Finnair flights arrived on schedule (82.5%).
Traffic statistics for September 2019 will be published on Tuesday 8 October 2019.
|Finnair Traffic Performance August 2019|
|Month||% Change||YTD||% Change|
|Available seat kilometres mill||4,260.6||9.3||31,606.5||12.0|
|Revenue passenger kilometres mill||3,698.0||12.8||26,118.5||10.5|
|Passenger load factor %||86.8||2.6p||82.6||-1.1p|
|Cargo tonnes total||15,245.3||7.8||112,053.9||13.0|
|Available tonne kilometres mill||622.5||8.9||4,620.7||11.3|
|Revenue tonne-kilometres mill||428.1||11.7||3,047.8||11.1|
|Passengers 1000 Asia||249.5||8.9||1,742.8||6.0|
|Available seat kilometres mill Asia||2,075.7||10.8||15,609.6||10.5|
|Revenue passenger kilometres mill Asia||1,878.7||9.2||13,178.0||6.1|
|Passenger load factor % Asia||90.5||-1.3p||84.4||-3.4p|
|Passengers 1000 Europe||910.9||14.9||6,271.7||12.9|
|Available seat kilometres mill Europe||1,669.3||4.3||12,017.4||11.6|
|Revenue passenger kilometres mill Europe||1,383.4||13.5||9,773.5||13.6|
|Passenger load factor % Europe||82.9||6.7p||81.3||1.4p|
|Passengers 1000 North Atlantic||47.9||27.2||309.2||25.5|
|Available seat kilometres mill North Atlantic||403.8||31.8||2,706.9||29.5|
|Revenue passenger kilometres mill North Atlantic||361.5||34.3||2,347.3||30.1|
|Passenger load factor % North Atlantic||89.5||1.7p||86.7||0.4p|
|Passengers 1000 Domestic||152.8||4.9||1,543.3||1.3|
|Available seat kilometres mill Domestic||111.9||-4.7||1,272.6||2.1|
|Revenue passenger kilometres mill Domestic||74.5||5.2||819.7||1.1|
|Passenger load factor % Domestic||66.5||6.3p||64.4||-0.6p|
|North Atlantic tonnes||1,342.7||17.5||8,798.7||32.9|
|Cargo scheduled traffic total tonnes||15,245.3||15.1||112,053.9||20.3|
|Cargo flights, tonnes**||0||0||0||0|
|Cargo Traffic tonnes total||15,245.3||7.8||112,053.9||13.0|
|Available tonne kilometres* mill||168.9||11.7||1,247.3||16.1|
|Revenue tonne kilometres mill||97.0||8.2||710.1||13.0|
|Available sched.cargo tonne kms*, mill.||168.9||13.1||1,247.3||17.5|
|Revenue sched.cargo tonne kms, mill.||97.0||10.0||710.1||14.8|
|Cargo load factor* %||57.4||-1.9p||56.9||-1.6p|
|- North-Atlantic cargo load factor* %||54.5||2.8p||55.5||5.0p|
|- Asia cargo load factor* %||61.7||-5.0p||61.7||-3.8p|
|Scheduled traffic Cargo load factor*, %||57.4||-1.6p||56.9||-1.3p|
* Operational calculatory capacity
** Including purchased traffic
– Change %: Change compared to the figures of the respective periods in the previous year (p = 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.
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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 flies to 19 destinations in Asia, 8 in North America and over 100 destinations in Europe. Finnair is the only Nordic network carrier with a 4-star Skytrax ranking and a member of the oneworld alliance. In 2018, Finnair’s revenues amounted to EUR 2.834 million and it carried over 13 million passengers. Finnair Plc’s shares are quoted on Nasdaq Helsinki.