Finnair Traffic Performance in February 2024
Finnair Plc Investor News 7 March 2024 at 9:00 a.m. EET
A two-day political strike at the beginning of February had a negative impact on passenger traffic numbers, cargo figures improved year-on-year
In February, Finnair carried 804,700 passengers. This was 2.3% less than in February 2023, even though there was one day more in February 2024 due to the leap year. The decrease was mainly caused by a political strike during the first two days of the month which forced Finnair to cancel c. 550 flights.
The overall capacity, measured in Available Seat Kilometres (ASK), increased in February by 3.4% year-on-year despite the political strike. If wet lease outs are included, capacity increased by 3.6%. Finnair's traffic, measured in Revenue Passenger Kilometres (RPKs), decreased by 0.8%. The Passenger Load Factor (PLF) declined by 3.1% points to 72.1%. The distance-based reported traffic figures do not take into account longer routings caused by the airspace closure as they are based on Great-Circle distance in accordance with the industry practice.
The ASK increase in Asian traffic was 10.6% year-on-year explained e.g. by the additional capacity to Japan and South Korea. The North Atlantic capacity decreased by 10.9%. In European traffic, the ASKs were up by 3.7%. The Middle Eastern capacity declined by 6.3% mainly due to cancelled flights to Israel. The ASKs in domestic traffic increased by 0.9%.
RPKs increased in Asian traffic by 2.3% year-on-year but decreased in North Atlantic traffic by 9.5%. They decreased by 0.9% in European traffic, by 4.6% in Middle Eastern traffic and by 0.4% in domestic traffic.
In February, the PLF was 70.4% in Asian traffic, 60.4% in North Atlantic traffic, 75.5% in European traffic, 79.5% in Middle Eastern traffic and 72.1% in domestic traffic.
Passenger numbers stayed flat in Asian traffic year-on-year but decreased in North Atlantic traffic by 9.1%. They declined by 1.2% in European traffic, by 6.7% in Middle Eastern traffic and by 4.3% in domestic traffic.
The total cargo tonnes increased by 10.3% year-on-year in February due to increased Asian and European capacity. Revenue cargo tonne kilometres increased by 9.8%.
In February, 75.3% of all Finnair flights arrived on schedule (79.7%).
Traffic statistics for March 2024 will be published on Friday 5 April 2024.
| Finnair Traffic Performance February 2024 | ||||
| Month | % Change | YTD | % Change | |
| Total traffic | ||||
| Passengers 1,000 | 804.7 | - 2.3 | 1,624.5 | - 0.9 |
| Available seat kilometres mill | 2,761.3 | 3.4 | 5,816.9 | 4.6 |
| Revenue passenger kilometres mill | 1,991.7 | - 0.8 | 4,106.4 | 0.3 |
| Passenger load factor % | 72.1 | - 3.1p | 70.6 | - 3.0p |
| Cargo tonnes total | 10,901.5 | 10.3 | 22,016.2 | 13.9 |
| Available tonne kilometres mill | 410.0 | 8.0 | 862.3 | 8.8 |
| Revenue tonne kilometres mill | 244.9 | 1.9 | 502.1 | 3.4 |
| Available seat kilometres incl. wet lease out mill | 2,958.7 | 3.6 | 6,225.1 | 3.8 |
| Asia | ||||
| Passengers 1,000 | 100.9 | 0.0 | 210.0 | 0.3 |
| Available seat kilometres mill | 1,096.7 | 10.6 | 2,315.4 | 11.9 |
| Revenue passenger kilometres mill | 772.0 | 2.3 | 1,606.7 | 2.6 |
| Passenger load factor % | 70.4 | - 5.7p | 69.4 | - 6.3p |
| Europe | ||||
| Passengers 1,000 | 452.0 | - 1.2 | 914.8 | 1.1 |
| Available seat kilometres mill | 972.1 | 3.7 | 2,055.4 | 4.9 |
| Revenue passenger kilometres mill | 734.1 | - 0.9 | 1,480.8 | 0.6 |
| Passenger load factor % | 75.5 | - 3.5p | 72.0 | - 3.0p |
| North Atlantic | ||||
| Passengers 1,000 | 21.0 | - 9.1 | 47.3 | - 6.3 |
| Available seat kilometres mill | 270.6 | - 10.9 | 574.8 | - 8.3 |
| Revenue passenger kilometres mill | 163.5 | - 9.5 | 368.3 | - 6.3 |
| Passenger load factor % | 60.4 | 0.9p | 64.1 | 1.3p |
| Middle East | ||||
| Passengers 1,000 | 42.6 | - 6.7 | 89.1 | - 4.6 |
| Available seat kilometres mill | 243.4 | - 6.3 | 508.9 | - 6.8 |
| Revenue passenger kilometres mill | 193.5 | - 4.6 | 404.4 | - 2.7 |
| Passenger load factor % | 79.5 | 1.4p | 79.5 | 3.4p |
| Domestic | ||||
| Passengers 1,000 | 188.0 | - 4.3 | 363.3 | - 4.7 |
| Available seat kilometres mill | 178.4 | 0.9 | 362.3 | 0.7 |
| Revenue passenger kilometres mill | 128.6 | - 0.4 | 246.1 | - 1.4 |
| Passenger load factor % | 72.1 | - 1.0p | 67.9 | - 1.4p |
| Cargo traffic | ||||
| - Europe tonnes | 1,823.0 | 36.8 | 3,705.9 | 42.0 |
| - North Atlantic tonnes | 992.4 | - 18.6 | 2,025.1 | - 20.0 |
| - Middle East tonnes | 1,831.0 | - 7.1 | 3,743.9 | - 1.1 |
| - Asia tonnes | 6,187.0 | 16.1 | 12,426.7 | 20.4 |
| - Domestic tonnes | 19.5 | - 39.0 | 43.1 | - 31.9 |
| - Cargo flights tonnes* | 48.8 | 100.0 | 71.5 | 162.7 |
| Cargo traffic tonnes total | 10,901.5 | 10.3 | 22,016.2 | 13.9 |
| Revenue cargo tonne kilometres mill | 66.9 | 9.8 | 135.0 | 13.0 |
* Including purchased traffic
- Change %: Change compared to the figures of the respective periods in the previous year (p = points, N/A = not available).
- Available seat kilometres. ASK: Total number of seats available multiplied by 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.
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