Finnair reports June 2016 traffic performance

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HELSINKI, Finland – In June, Finnair’s overall capacity measured in Available Seat Kilometres grew by 10.5 percent and traffic measured in Revenue Passenger Kilometres grew by 9.7 percent year‐on‐year. Capacity grew especially in long haul traffic, the proportion of which grew from 52 to 56 percent year-on-year. Despite the strong growth, the passenger load factor was close to last year’s level at 84.1 percent (84.7 percent).

The capacity in Finnair’s largest traffic area, Asia, grew by 14.4 percent in June, boosted in particular by the newly launched Fukuoka and Guangzhou routes, while traffic grew by 10.4 percent. Capacity in American traffic increased by as much as 44.4 percent due to the Miami and Chicago routes being operated this year, and traffic measured in RPK by 37.3 percent.


The capacity in European traffic grew by 2.5 percent, and traffic as measured in RPK increased by 5.1 percent year‐on‐year. At the same time, the capacity in domestic traffic contracted by 4.0 percent and traffic by 0.3 percent year-on-year.

According to preliminary data, Finnair’s Revenue per Available Seat Kilometre (RASK), or revenues divided by ASK, declined in April–June by 3.8 percent year‐on‐year and totalled 6.69 euro cents.

“Due to the strong growth of Finnair’s long-haul traffic, available seat kilometres increased in the second quarter. Typically, unit revenues in long haul traffic are lower than in short haul, and passenger loads on recently launched long-haul routes were somewhat muted, which is typical in the ramp-up stage. These factors had a negative impact on the average unit revenue. Unit revenues in our Asian and American traffic showed a decline year-on-year, while remaining at last year’s level in domestic traffic and increasing slightly in Europe. Finnair’s Revenue Cargo Tonnes grew, but unit revenues declined due to overcapacity in the markets”, says Finnair CFO Pekka Vähähyyppä.

In June, the cargo capacity in scheduled traffic measured in Available Tonne Kilometres grew by 10.8 percent, and Revenue Tonne Kilometres increased by 17.0 percent year on year. In addition, Finnair’s total freight capacity includes two weekly freighter flights between Helsinki and Brussels and two weekly freighter flights shared with IAG between Helsinki and London, both operated by DHL.

In June, 86.8 percent of all Finnair flights arrived on schedule (86.5).

Traffic statistics for July 2016 will be published on Monday, 8 August 2016.

Finnair Traffic Performance June 2016

June 2016 %-Change Year-to-date 2016 %-Change

Total Traffic

Passengers 1000 1 008,5 6,7 5 279,9 7,6
Available seat kilometres mill 2 955,6 10,5 16 633,2 7,1
Revenue passenger kilometres mill 2 484,6 9,7 12 991,7 6,4
Passenger load factor % 84,1 -0,6 p 78,1 -0,5 p
Cargo tonnes total 12 833,7 17,3 70 977,1 14,7
Available tonne kilometres mill 438,7 13,8 2 451,0 8,0
Revenue tonne-kilometres mill 299,9 11,2 1 589,1 8,7
Overall load factor % 68,3 -1,6 p 64,8 0,4 p

Europe

Passengers 1000 666,9 6,4 3 172,8 5,5
Available seat kilometres mill 1 196,8 2,5 6 412,2 3,2
Revenue passenger kilometres mill 1 028,4 5,1 4 942,5 3,4
Passenger load factor % 85,9 2,1 p 77,1 0,1 p

North Atlantic

Passengers 1000 31,4 29,4 143,0 23,4
Available seat kilometres mill 256,8 44,4 1 304,4 31,7
Revenue passenger kilometres mill 223,9 37,3 1 038,9 27,4
Passenger load factor % 87,2 -4,5 p 79,6 -2,6 p

Asia

Passengers 1000 154,5 10,2 852,7 4,5
Available seat kilometres mill 1 401,2 14,4 8 091,6 6,3
Revenue passenger kilometres mill 1 160,6 10,4 6 438,0 5,3
Passenger load factor % 82,8 -3,0 p 79,6 -0,7 p

Domestic

Passengers 1000 155,7 1,2 1 111,4 15,1
Available seat kilometres mill 100,8 -4,0 825,1 14,5
Revenue passenger kilometres mill 71,7 -0,3 572,4 14,6
Passenger load factor % 71,2 2,6 p 69,4 0,1 p

Cargo Traffic

Cargo scheduled traffic total tonnes 11 393,9 19,0 62 045,5 14,8
Europe tonnes 2 332,5 35,0 12 416,4 20,4
North Atlantic tonnes 866,2 38,8 4 422,1 16,8
Asia tonnes 8 050,8 13,4 44 302,0 13,3
Domestic tonnes 144,4 13,6 905,1 9,2
Cargo flights, tonnes** 1 439,8 5,6 8 931,6 13,4
Cargo tonnes total 12 833,7 17,3 70 977,1 14,7
Available tonne kilometres* mill 127,8 10,8 725,4 7,3
Revenue tonne kilometres mill 77,5 15,7 427,0 15,4
Available sched.cargo tonne kms*, mill. 119,9 10,8 677,7 7,5
Revenue sched.cargo tonne kms, mill. 70,2 17,0 381,6 14,8
Cargo load factor* % 60,7 2,6 p 58,9 4,1 p
– North-Atlantic cargo load factor* % 40,8 3,5 p 41,7 0,2 p
– Asia cargo load factor* % 63,9 3,3 p 60,7 4,6 p
Scheduled traffic Cargo load factor*, % 58,5 3,1 p 56,3 3,6 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