Finnair Traffic Performance in June 2024

Finnair Plc                 Investor News               5 July 2024 at 9:00 a.m. EEST

Over one million passengers and slight decline in passenger load factor year-on-year, continued increase in cargo figures

In June, Finnair carried 1,090,600 passengers. This was 9.4% more than in June 2023.

The overall capacity, measured in Available Seat Kilometres (ASK), increased in June by 9.2% year-on-year as additional narrow-body capacity was deployed by Finnair after the wet lease outs to British Airways ended in March 2024. If wet lease outs are included, capacity increased by 11.2% due to the co-operation with Qantas. Finnair's traffic, measured in Revenue Passenger Kilometres (RPKs), increased by 8.2%. The Passenger Load Factor (PLF) declined by 0.7% points to 80.0%. 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 ASKs in Asian traffic were up by 6.1% year-on-year due to added capacity to Japan. In North Atlantic ASKs increased by 16.4% due to added frequencies to Dallas and Chicago. In European traffic, the ASKs were up by 12.3% as majority of the increase in narrow-body capacity was allocated to Europe. The Middle Eastern capacity declined by 7.0% mainly due to cancelled flights to Israel. The ASKs in domestic traffic increased by 11.3% due to the additional narrow-body capacity.

RPKs increased in Asian traffic by 6.5% year-on-year. They increased by 17.9% in North Atlantic traffic, by 9.5% in European traffic and by 2.0% in domestic traffic whereas they decreased by 7.1% in Middle Eastern traffic.

In June, the PLF was 77.7% in Asian traffic, 83.8% in North Atlantic traffic, 81.9% in European traffic, 74.1% in Middle Eastern traffic and 69.3% in domestic traffic.

Passenger numbers increased by 6.1% in Asian traffic, by 12.0% in European traffic and by 16.1% in North Atlantic traffic. They decreased by 8.8% in Middle Eastern traffic and by 0.7% in domestic traffic.

The total cargo tonnes increased by 6.9% year-on-year in June due to growth in all traffic areas exclusive of domestic traffic. Revenue cargo tonne kilometres increased by 6.6%.

In June, 75.7% of all Finnair flights arrived on schedule (82.0%). The on-time performance decline was due to the closure of one of the runways at Helsinki Airport for renovation work.
Traffic statistics for July 2024 will be published on Thursday 8 August 2024.

Finnair Traffic
Performance June 2024
Month % Change YTD % Change
Total traffic
Passengers 1,000 1,090.6  9.4 5,522.7  1.9
Available seat kilometres 3,379,7  9.2 18,722.8  5.4
mill
Revenue passenger 2,702.5  8.2 13,752.9  2.3
kilometres mill
Passenger load factor %  80.0 - 0.7p  73.5 - 2.3p
Cargo tonnes total 12,894.8  6.9 71,878.0  10.7
Available tonne  488.7  9.8 2,740.2  7.3
kilometres mill
Revenue tonne kilometres  317.1  7.8 1,657.8  3.9
mill
Available seat kilometres 3,596.5 11.2 19,980.3 6.0
incl. wet lease out mill

Asia
Passengers 1,000  113.6  6.1  638.2  0.8
Available seat kilometres 1,102.0  6.1 6,814.5  7.6
mill
Revenue passenger  856.7  6.5 4,938.1  3.8
kilometres mill
Passenger load factor %  77.7  0.2p  72.5 - 2.7p

Europe
Passengers 1,000  787.8  12.0 3,553.1  4.6
Available seat kilometres 1,538.3  12.3 7,588.2  9.2
mill
Revenue passenger 1,259.7  9.5 5,687.8  2.8
kilometres mill
Passenger load factor %  81.9 - 2.1p  75.0 - 4.6p

North Atlantic
Passengers 1,000  47.4  16.1  191.8 - 0.6
Available seat kilometres  434.6  16.4 2,030.2 - 5.0
mill
Revenue passenger  364.3  17.9 1,499.2  1.8
kilometres mill
Passenger load factor %  83.8  1.1p  73.8  4.9p

Middle East
Passengers 1,000  36.5 - 8.8  232.6 - 6.9
Available seat kilometres  223.1 - 7.0 1,450.9 - 6.7
mill
Revenue passenger  165.3 - 7.1 1,055.0 - 4.9
kilometres mill
Passenger load factor %  74.1 - 0.1p  72.7  1.4p

Domestic
Passengers 1,000  105.3 - 0.7  907.0 - 4.3
Available seat kilometres  81.6  11.3  838.9  6.2
mill
Revenue passenger  56.6  2.0  572.8 - 1.1
kilometres mill
Passenger load factor %  69.3 - 6.3p  68.3 - 5.0p

Cargo traffic
- Europe tonnes 2,716.7  9.9 14,177.6  31.7
- North Atlantic tonnes 1,567.8  24.2 7,471.9 - 5.3
- Middle East tonnes 2,046.8  14.5 11,632.0  7.9
- Asia tonnes 6,541.8  0.5 38,324.7  9.1
- Domestic tonnes  21.7 - 19.4  128.9 - 30.4
- Cargo flights tonnes* 0.0 0.0  142.9 - 9.5
Cargo traffic tonnes 12,894.8  6.9 71,878.0  10.7
total
Revenue cargo tonne  75.4  6.6  428.0  9.0
kilometres mill

* 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.