Finnair Traffic Performance in February 2018
Finnair Plc Investor News 7 March 2018 at 09:05 am
Strong growth continued as expected, especially in long-haul traffic
In February, Finnair carried 957,100 passengers, or 14.7% more than in the corresponding period of 2017. The number of passengers grew the most in Asian traffic, 26.4%, but growth was also strong on North American routes (+22.3%), European flights (+12.5%) and in domestic traffic (+10.5%).
Finnair's overall capacity measured in Available Seat Kilometres (ASK) increased in February 18.8% year-on-year. Finnair's traffic measured in Revenue Passenger Kilometres (RPKs) grew by +20.6%, driven by the increased demand for long-haul leisure travel. The Passenger Load Factor (PLF) in total traffic increased by 1.3 %-points to 84.2%.
In February 52% of Finnair's ASKs were in Asian traffic, 33% on European routes and the rest in North American and domestic traffic. Finnair’s long-haul capacity was increased mainly by the A350 aircraft introduced after the reference period. In contrast to the comparison period, we flew also to Chongqing in February, and added frequencies especially to Bangkok, Hong Kong and Singapore. Additional capacity was also allocated to new seasonal routes to Goa, Puerto Plata, Puerto Vallarta and Havana, which replaced Varadero that was operated in the reference period. The ASK growth in Asian traffic was 24.1% and in North American traffic 27.0%. The 9.0% ASK growth in European traffic derived from the increase in the narrow-body fleet size year-on-year and the additional seating capacity added to some if its existing narrow-body aircraft. Capacity growth was directed at serving the new year-round destination Reykjavik, added frequencies especially to Stockholm, Copenhagen and Berlin and direct flights to Lapland from Paris, London and Zurich. The significant ASK growth in domestic traffic, +22.9%, reflects added capacity to destinations in Northern Finland.
RPKs grew 26.3% in Asian traffic, 28.5% in North American traffic, 11.1% in European traffic and 13.9% in domestic traffic. The PLF was 91.2% in Asian traffic, 78.2% in North American traffic, 78.5% in European traffic and 66.2% in domestic traffic. The PLF in total traffic increased by 1.3 %-points to 84.2%.
Available Scheduled Cargo Tonne Kilometres increased by 18.4% year-on-year. Revenue Scheduled Cargo Tonne Kilometres increased by 12.1%. Finnair’s total cargo capacity also included three weekly freighter flights between Helsinki and Brussels, operated by DHL. Cargo flight volumes decreased from the comparison period, when Finnair rented cargo space from Japan Airlines. Finnair’s new COOL Nordic Cargo terminal was taken in full use in January.
Difficult winter conditions at Finnair's home hub Helsinki-Vantaa and in many other European hubs caused several delays and cancellations in the beginning and end of the month. In February 72.3% of all Finnair flights arrived on schedule (83.5).
Traffic statistics for March 2018 will be published on Tuesday, 10 April 2018.
Finnair Traffic Performance February 2018
||Year-to date 2018||%-Change
|Available seat kilometres mill||3,020.9||18.8||6,296.7||19.3|
|Revenue passenger kilometres mill||2,544.3||20.6||5,168.9||19.9|
|Passenger load factor %||84.2||1.3p||82.1||0.4p|
|Cargo tonnes total||9,344.8||-4.0||18,741.9||-3.8|
|Available tonne kilometres mill||449.8||18.4||939.2||19.2|
|Revenue tonne-kilometres mill||287.1||15.9||583.2||16.0|
|Overall load factor %||63.8||-1.4p||62.1||-1.7p|
|Available seat kilometres mill||1,572.2||24.1||3,286.9||25.4|
|Revenue passenger kilometres mill||1,433.8||26.3||2,922.2||25.0|
|Passenger load factor %||91.2||1.6p||88.9||-0.3p|
|Available seat kilometres mill||1,002.2||9.0||2,094.7||8.8|
|Revenue passenger kilometres mill||786.5||11.1||1,590.6||11.2|
|Passenger load factor %||78.5||1.5p||75.9||1.6p|
|Available seat kilometres mill||238.0||27.0||497.2||23.8|
|Revenue passenger kilometres mill||186.1||28.5||392.4||25.8|
|Passenger load factor %||78.2||0.9p||78.9||1.2p|
|Available seat kilometres mill||208.4||22.9||417.8||26.5|
|Revenue passenger kilometres mill||137.9||13.9||263.7||14.9|
|Passenger load factor %||66.2||-5.2p||63.1||-6.3p|
|North Atlantic tonnes||514.1||-20.7||998.9||-20.2|
|Cargo scheduled traffic total tonnes||8,729.1||4.0||17,637.9||4.9|
|Cargo flights, tonnes**||615.7||-54.2||1,103.9||-58.5|
|Cargo tonnes total||9,344.8||-4.0||18,741.9||-3.8|
|Available tonne kilometres* mill||109.3||10.7||228.8||11.0|
|Revenue tonne kilometres mill||59.5||0.6||120.7||3.0|
|Available sched.cargo tonne kms*, mill.||107.7||18.4||226.2||19.1|
|Revenue sched.cargo tonne kms, mill.||58.5||12.1||118.9||14.8|
|Cargo load factor* %||54.4||-5.5p||52.7||-4.1p|
|- North-Atlantic cargo load factor* %||46.3||-10.2p||43.5||-8.9p|
|- Asia cargo load factor* %||61.4||-1.7p||59.7||-0.5p|
|Scheduled traffic Cargo load factor*, %||54.3||-3.0p||52.6||-2.0p|
* 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
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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 network airline with a 4-star Skytrax ranking and a member of the oneworld alliance. In 2016, Finnair’s revenues amounted to EUR 2,568 million and it carried almost 12 million passengers. Finnair Plc’s shares are quoted on Nasdaq Helsinki.