Finnair traffic performance in December 2015: +9.7% to over 10 million for the full year

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Number of passengers grew 9.7% year-on-year, exceeding 10 million for the full year

In December, Finnair’s overall capacity measured in Available Passenger Kilometres grew by 8.1 per cent and traffic measured in Revenue Passenger Kilometres grew by 7.8 per cent year‐on‐year. The passenger load factor decreased by 0.2% points to 76.8 per cent.

The capacity in Asian traffic increased in December by 4.3 per cent, while traffic measured in Revenue Passenger Kilometres increased by 5.3 per cent year‐on‐year as Finnair offered more flights than last year particularly to Korea and Thailand. Meanwhile, the pronounced growth in American traffic was particularly due to the scheduled flights offered to Miami in December 2015, in addition to New York.

The capacity in European traffic grew by 5.1 per cent on the back of increased frequencies and new destinations, while traffic measured in Revenue Passenger Kilometres grew by 3.4 per cent year‐on‐year. At the same time, the growth in domestic traffic is mainly attributed to the inclusion of the routes previously operated at Norra’s own commercial risk as Finnair’s purchased traffic.

In October-December, the passenger unit revenue* per available seat kilometre grew by 2.2 per cent year‐on‐year and totalled 5.38 euro cents.

“In the last quarter of 2015, the passenger unit revenue improved in our main traffic areas, Europe and Asia, reflecting the higher achieved load factors. Meanwhile, unit revenue developments were more subdued on our domestic and North American routes, where our capacity had increased faster”, says Finnair CFO Pekka Vähähyyppä.

In December, the cargo capacity in scheduled traffic measured in Available Tonne Kilometres grew by 4.2 per cent, while Revenue Tonne Kilometres remained unchanged year on year. The cargo load factor in scheduled traffic was 55.1 per cent. In addition, Finnair’s total freight capacity includes two weekly freighter flights between Helsinki and Brussels and two shared weekly freighter flights with IAG between Helsinki and London, both operated by DHL.

In December, 85.8 per cent of all Finnair flights arrived on schedule (82.2).

Traffic statistics for January 2016 are published on Monday, 8 February 2016.

*Passenger unit revenue = Ticket revenue/ASK.

Finnair Traffic Performance December 2015

December  2015 %-Change Year-to date 2015 %-Change
Total Traffic
Passengers 1000 790,8 9,7 10 293,6 6,9
Available seat kilometres mill 2 599,3 8,1 31 835,7 3,1
Revenue passenger kilometres mill 1 997,4 7,8 25 591,6 3,3
Passenger load factor % 76,8 -0,2 p 80,4 0,2 p
Cargo tonnes total 10 492,1 -7,3 130 697,3 -12,4
Available tonne kilometres mill 376,6 4,1 4 633,1 -0,2
Revenue tonne-kilometres mill 241,8 2,7 3 076,6 -1,7
Overall load factor % 64,2 -0,8 p 66,4 -1,0 p
Europe
Passengers 1000 441,7 4,2 6 388,4 6,4
Available seat kilometres mill 933,5 5,1 12 890,3 5,3
Revenue passenger kilometres mill 716,7 3,4 10 115,9 4,8
Passenger load factor % 76,8 -1,3 p 78,5 -0,4 p
North Atlantic
Passengers 1000 23,6 35,8 267,9 21,2
Available seat kilometres mill 230,8 44,5 2 242,5 26,2
Revenue passenger kilometres mill 174,3 42,3 1 863,0 23,2
Passenger load factor % 75,5 -1,2 p 83,1 -2,0 p
Asia
Passengers 1000 132,2 5,7 1 682,1 -0,5
Available seat kilometres mill 1 287,6 4,3 15 256,5 -2,0
Revenue passenger kilometres mill 1 001,1 5,3 12 629,3 -0,9
Passenger load factor % 77,7 0,7 p 82,8 0,9 p
Domestic
Passengers 1000 193,3 24,8 1 955,2 14,1
Available seat kilometres mill 147,4 20,3 1 446,4 10,6
Revenue passenger kilometres mill 105,4 22,1 983,4 13,2
Passenger load factor % 71,5 1,0 p 68,0 1,6 p
Cargo Traffic
Cargo scheduled traffic total tonnes 9 069,3 -0,7 113 913,6 -1,3
Europe tonnes 1 836,1 -3,5 21 861,9 -8,7
North Atlantic tonnes 688,6 4,2 8 089,4 5,8
Asia tonnes 6 364,5 -0,6 82 202,2 0,2
Domestic tonnes 180,2 10,3 1 760,1 -2,9
Cargo flights, tonnes** 1 422,8 -35,0 16 783,7 -50,2
Cargo tonnes total 10 492,1 -7,3 130 697,3 -12,4
Available tonne kilometres* mill 108,1 -4,3 1380,6 -2,8
Revenue tonne kilometres mill 63,1 -9,3 787,0 -13,7
Available sched.cargo tonne kms*, mill. 100,2 4,2 1288,3 11,2
Revenue sched.cargo tonne kms, mill. 55,2 0,0 702,8 -0,1
Cargo load factor* % 58,4 -3,3 p 57,0 -7,2 p
– North-Atlantic cargo load factor* % 40,0 -7,6 p 39,5 -12,4 p
– Asia cargo load factor* % 59,6 -0,6 p 59,1 -4,4 p
Scheduled traffic Cargo load factor*, % 55,1 -2,3 p 54,6 -6,2 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.  Stock Exchange Release 11 January 2016 at 09:00 am EET

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