Finnair traffic performance in October 2019: +2.8%

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Strong traffic performance in October, passenger load factor increasing 2.8pp year-on-year resulting in a record number of October passengers

In October, Finnair carried 1,266,000 passengers, 10.9% more than in the corresponding period of 2018. The overall capacity measured in Available Seat Kilometres (ASK) increased in October by 10.1%. Finnair’s traffic measured in Revenue Passenger Kilometres (RPKs) increased by 14.1%, and the Passenger Load Factor (PLF) increased year-on-year by 2.8% points to 82.3%.

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 12.5%, mainly due to the doubling of frequencies to Hong Kong and increased frequencies to Osaka. The North American capacity increased by 27.5% following the opening of the new Los Angeles route in March.

In European traffic, the ASKs were up by 5.4%. The growth derived from additional seating capacity in some of the existing narrow-body aircraft and the changes in the route network. The added capacity was directed especially to London and Brussels and to new destinations Hannover and Trondheim. Capacity in domestic traffic decreased by 2.2% mainly due to changes in the traffic plan.

RPKs increased in Asian traffic by 14.7%, in North American traffic by 32.1%, in European traffic by 10.8% and in domestic traffic by 2.9%. The PLF was 82.8% in Asian traffic, 83.1% in North American traffic, particularly strong 82.5% in European traffic and 70.1% in domestic traffic.

Passenger numbers increased in Asian traffic by 14.3%, in North American traffic by 27.2%, in European traffic by 11.9% and in domestic traffic by 0.8%.

October resulted in a record number of cargo tonnes in a single month and available scheduled cargo tonne-kilometres increased by 13.3% year-on-year. Revenue scheduled cargo tonne-kilometres increased by 6.2%. Global uncertainty in world trade continued to press the global air freight market in October, and market softness and yield pressures were especially visible in Finnair’s cargo markets in Asia.

In October, 82.4% of all Finnair flights arrived on schedule (86.8%).

Traffic statistics for November 2019 will be published on Thursday 5 December 2019.

Finnair Traffic Performance October 2019
Month % Change YTD % Change
Total traffic
Passengers 1,000 1,266.0 10.9 12,412.8 10.2
Available seat kilometres mill 4,054.1 10.1 39,654.8 11.4
Revenue passenger kilometres mill 3,336.5 14.1 32,719.5 10.8
Passenger load factor % 82.3 2.8p 82.5 -0.5p
Cargo tonnes total 16,786.9 4.7 144,615.6 11.5
Available tonne-kilometres mill 595.8 10.1 5,804.2 10.9
Revenue tonne-kilometres mill 403.5 11.5 3,843.3 11.0
Asia
Passengers 1,000 Asia 216.4 14.3 2,167.8 6.5
Available seat kilometres mill Asia 1,982.0 12.5 19,543.2 10.7
Revenue passenger kilometres mill Asia 1,640.2 14.7 16,393.1 6.7
Passenger load factor % Asia 82.8 1.6p 83.9 -3.1p
Europe
Passengers 1,000 Europe 825.3 11.9 7,938.9 12.8
Available seat kilometres mill Europe 1,597.9 5.4 15,178.2 10.2
Revenue passenger kilometres mill Europe 1,319.0 10.8 12,375.7 13.2
Passenger load factor % Europe 82.5 4.1p 81.5 2.2p
North Atlantic
Passengers 1,000 North Atlantic 38.2 27.2 389.3 26.5
Available seat kilometres mill North Atlantic 345.1 27.5 3,401.4 28.6
Revenue passenger kilometres mill North Atlantic 286.8 32.1 2,948.9 31.4
Passenger load factor % North Atlantic 83.1 2.9p 86.7 1.8p
Domestic
Passengers 1,000 Domestic 186.1 0.8 1,916.8 1.5
Available seat kilometres mill Domestic 129.2 -2.2 1,532.0 1.2
Revenue passenger kilometres mill Domestic 90.5 2.9 1,001.8 1.6
Passenger load factor % Domestic 70.1 3.5p 65.4 0.3p
Cargo Traffic
Europe tonnes 3,612.5 44.7 28,671.5 63.7
North Atlantic tonnes 1,350.7 35.0 11,427.7 31.4
Asia tonnes 11,775.3 1.7 104,022.8 9.3
Domestic tonnes 48.4 -15.1 493.6 6.1
Cargo scheduled traffic total tonnes 16,786.9 10.9 144,615.6 18.7
Cargo flights, tonnes** 0 0 0 0
Cargo Traffic tonnes total 16,786.9 4.7 144,615.6 11.5
Available tonne-kilometres* mill 163.1 12.1 1,572.7 15.3
Revenue tonne-kilometres mill 104.9 4.6 914.8 11.6
Available sched.cargo tonne kms*, mill. 163.1 13.3 1,572.7 16.6
Revenue sched.cargo tonne kms, mill. 104.9 6.2 914.8 13.4
Cargo load factor* % 64.3 -4.6p 58.2 -1.9p
– North-Atlantic cargo load factor* % 59.9 -3.1p 56.3 4.7p
– Asia cargo load factor* % 70.0 -6.8p 63.0 -4.3p
Scheduled traffic Cargo load factor*, % 64.3 -4.3p 58.2 -1.7p

* 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.

Finnair Plc                 Investor News       7 November 2019 at 9:00 am

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