Finnair Traffic Performance in August 2024

Finnair Plc                 Investor News               6 September 2024 at 9:00 a.m. EEST
Once again over million passengers as capacity increased year-on-year, strong cargo performance
In August, Finnair carried 1,062,400 passengers, which is 9.5% more than in August 2023.

The overall capacity, measured in Available Seat Kilometres (ASK), increased in August by 9.3% year-on-year as additional narrow-body capacity was deployed by Finnair after the wet lease outs to British Airways ended in March 2024. In addition, the capacity growth in Asian traffic was strong. If wet lease outs are included, capacity increased by 10.9% due to the co-operation with Qantas. Finnair's traffic, measured in Revenue Passenger Kilometres (RPKs), increased by 7.5%. The Passenger Load Factor (PLF) declined by 1.3% points to 78.6%. 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 11.2% year-on-year due to increased capacity to Japan, including added frequencies to Tokyo, Osaka and Nagoya. In North Atlantic traffic, ASKs increased by 2.6% due to added frequencies to Dallas. In European traffic, the ASKs were up by 11.8% as majority of the increase in narrow-body capacity was allocated to Europe. The Middle Eastern capacity declined by 5.1% mainly due to temporarily ceased operations to Israel. The ASKs in domestic traffic increased by 16.9% due to the additional narrow-body capacity.

RPKs increased in Asian traffic by 11.8% year-on-year. They increased by 6.0% in North Atlantic traffic, by 7.9% in European traffic and by 10.3% in domestic traffic whereas they decreased by 12.3% in Middle Eastern traffic.

In August, the PLF was 85.4% in Asian traffic, 84.5% in North Atlantic traffic, 74.0% in European traffic, 72.2% in Middle Eastern traffic and 62.6% in domestic traffic.

Passenger numbers increased by 11.5% in Asian traffic, by 5.1% in North Atlantic traffic, by 11.0% in European traffic and by 10.0% in domestic traffic. They decreased by 14.0% in Middle Eastern traffic.

The total cargo tonnes increased by 11.5% year-on-year in August due to growth in all traffic areas exclusive of Middle Eastern and domestic traffic. Revenue cargo tonne kilometres increased by 11.9%.

In August, 76.7% of all Finnair flights arrived on schedule (81.3%). The on-time performance decline was due to airspace and air traffic control capacity restrictions across Europe.
Traffic statistics for September 2024 will be published on Tuesday 8 October 2024.

Finnair Traffic
Performance August 2024
Month % Change YTD % Change
Total traffic
Passengers 1,000 1,062.4  9.5 7,740.1  3.9
Available seat kilometres 3,442.9  9.3 25,673.7  6.4
mill
Revenue passenger 2,705.3  7.5 19,386.4  3.7
kilometres mill
Passenger load factor %  78.6 - 1.3p  75.5 - 2.0p
Cargo tonnes total 12,117.6  11.5 96,632.7  11.5
Available tonne  497.0  10.2 3,739.6  8.0
kilometres mill
Revenue tonne kilometres  315.0  8.5 2,310.1  5.3
mill
Available seat kilometres 3,652.7 10.9 27,365.5 7.3
incl. wet lease out mill

Asia
Passengers 1,000  127.8  11.5  894.6  3.2
Available seat kilometres 1,141.1  11.2 9,104.7  8.2
mill
Revenue passenger  974.2  11.8 6,891.1  5.6
kilometres mill
Passenger load factor %  85.4  0.5p  75.7 - 1.9p

Europe
Passengers 1,000  745.2  11.0 5,148.6  6.5
Available seat kilometres 1,568.7  11.8 10,778.5  9.8
mill
Revenue passenger 1,161.0  7.9 8,191.7  4.2
kilometres mill
Passenger load factor %  74.0 - 2.6p  76.0 - 4.1p

North Atlantic
Passengers 1,000  45.3  5.1  286.3  1.9
Available seat kilometres  406.3  2.6 2,859.8 - 2.0
mill
Revenue passenger  343.2  6.0 2,216.9  3.9
kilometres mill
Passenger load factor %  84.5  2.7p  77.5  4.5p

Middle East
Passengers 1,000  37.1 - 14.0  309.9 - 7.7
Available seat kilometres  233.3 - 5.1 1,919.9 - 6.2
mill
Revenue passenger  168.4 - 12.3 1,405.5 - 5.8
kilometres mill
Passenger load factor %  72.2 - 5.9p  73.2  0.3p

Domestic
Passengers 1,000  107.0  10.0 1,100.7 - 2.8
Available seat kilometres  93.5  16.9 1,010.8  7.7
mill
Revenue passenger  58.5  10.3  681.3  0.2
kilometres mill
Passenger load factor %  62.6 - 3.7p  67.4 - 5.0p

Cargo traffic
- Europe tonnes 2,332.8  22.1 19,083.8  28.3
- North Atlantic tonnes 1,418.9  15.9 10,375.2  1.0
- Middle East tonnes 1,750.0 - 11.1 15,216.4  5.5
- Asia tonnes 6,595.6  15.0 51,645.5  10.6
- Domestic tonnes  20.3 - 22.2  168.9 - 27.5
- Cargo flights tonnes* 0.0 0.0  142.9 - 9.5
Cargo traffic tonnes 12,117.6  11.5 96,632.7  11.5
total
Revenue cargo tonne  72.9  11.9  576.2  10.4
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.