Finnair Plc                Investor News               7 September 2021 at 9:00 a.m. EEST

Continued improvement in most passenger traffic figures although the COVID-19 pandemic impact still visible in August, another strong month for cargo

In August, Finnair carried 266,500 passengers, which was 38.1% more than in August 2020. The COVID-19 impact was already clearly visible then as Finnair operated a limited network due to strict and extensive travel restrictions. The number of passengers in August 2021 was 24.6% more than in July 2021.

The COVID-19 impact, including the strict travel restrictions imposed by several countries, still affected all passenger traffic figures. It was particularly visible in the North Atlantic and Asian figures.

The overall capacity measured in Available Seat Kilometres (ASK) increased in August by 63.3% year-on-year and by 17.0% month-on-month. Finnair operated 127 daily flights (cargo-only included) on average, which was 9.5% more than in August 2020 and 19.8% more than in July 2021. The differences between capacity figures compared to August 2020 are explained by the longer average stage length of flights operated and by the larger gauge of aircraft operated. Finnair's traffic, measured in Revenue Passenger Kilometres (RPKs), increased by 64.6% year-on-year and by 15.9% month-on-month. The Passenger Load Factor (PLF) increased by 0.3% points to 42.0% year-on-year but decreased by 0.4% points month-on-month.

The ASK increase in Asian traffic was 7.4% year-on-year. In North Atlantic traffic, the ASKs increased by 100.0% as there were no passenger flights in August 2020. In European traffic, the ASKs were up by 28.8%. The ASKs in domestic traffic increased by 0.4%.

RPKs decreased in Asian traffic by 12.9% year-on-year but increased in North Atlantic traffic by 100.0%, in European traffic by 53.6% and in domestic traffic by 14.4%.

The PLF was 19.7% in Asian traffic but it was supported by the strong cargo operations and a high cargo load factor. The PLF was 28.3% in North Atlantic traffic, 63.0% in European traffic and 71.6% in domestic traffic.

Passenger numbers decreased in Asian traffic by 11.5% year-on-year but increased in North Atlantic traffic by 100.0%, in European traffic by 43.7% and in domestic traffic by 5.5%.

In August, available scheduled cargo tonne kilometres increased by 127.7% year-on-year (increased by 7.0% month-on-month) and revenue scheduled cargo tonne kilometres increased by 99.2% (increased by 0.2% month-on-month), both due to the impact of the COVID-19 pandemic on scheduled flights especially in North Atlantic traffic in August 2020. Cargo related available tonne kilometres increased by 81.9% year-on-year (increased by 1.1% month-on-month) and revenue tonne kilometres increased by 70.5% (decreased by 5.5% month-on-month) and they both also include the cargo-only flights operated mainly between Europe and Asia as well as Europe and North America. Cargo-only tonnes were up by 11.1% year-on-year but down by 19.2% month-on-month. The total cargo tonnes increased by 61.9% year-on-year but decreased by 5.1% month-on-month. Demand for the cargo capacity remained strong especially in Asian traffic. As a result, the cargo load factor remained high.

In August, 90.7% of all Finnair flights arrived on schedule (96.0%).

Traffic statistics for September 2021 will be published on Thursday 7 October 2021.

Finnair Traffic
Performance August 2021
Month % Change YTD % Change
Total traffic
Passengers 1,000 266.5 38.1 1,031.2 -66.6
Available seat 1,103.8 63.3 4,666.6 -58.3
kilometres mill
Revenue passenger 463.9 64.6 1,605.1 -79.0
kilometres mill
Passenger load factor % 42.0 0.3p 34.4 -33.8p
Cargo tonnes total 6,557.1 61.9 53,784.6 11.7
Available tonne 194.1 53.6 1,229.1 -36.0
kilometres mill
Revenue tonne kilometres 90.1 67.9 540.7 -45.7
mill

Asia
Passengers 1,000 Asia 7.9 -11.5 38.3 -92.0
Available seat 298.8 7.4 2,000.7 -61.5
kilometres mill Asia
Revenue passenger 59.0 -12.9 288.4 -92.2
kilometres mill Asia
Passenger load factor % 19.7 -4.6p 14.4 -56.5p
Asia

Europe
Passengers 1,000 Europe 197.6 43.7 657.0 -64.1
Available seat 458.2 28.8 1,687.7 -62.2
kilometres mill Europe
Revenue passenger 288.4 53.6 935.2 -67.5
kilometres mill Europe
Passenger load factor % 63.0 10.2p 55.4 -9.1p
Europe

North Atlantic
Passengers 1,000 North 11.8 100.0 24.1 -70.7
Atlantic
Available seat 304.6 100.0 654.6 -22.9
kilometres mill North
Atlantic
Revenue passenger 86.2 100.0 175.4 -72.9
kilometres mill North
Atlantic
Passenger load factor % 28.3 N/A 26.8 -49.4p
North Atlantic

Domestic
Passengers 1,000 49.2 5.5 311.8 -55.2
Domestic
Available seat 42.2 0.4 323.6 -52.0
kilometres mill Domestic
Revenue passenger 30.2 14.4 206.1 -49.8
kilometres mill Domestic
Passenger load factor % 71.6 8.8p 63.7 2.8p
Domestic

Cargo Traffic
Europe tonnes 220.6 -37.2 1,495.8 -81.2
North Atlantic tonnes 1,706.3 100.0 4,051.0 59.4
Asia tonnes 2,998.4 34.5 20,621.9 -16.6
Domestic tonnes 28.2 11.4 216.1 -1.1
Cargo scheduled traffic 4,953.5 90.1 26,384.7 -25.5
total tonnes
Cargo flights tonnes** 1,603.6 11.1 27,399.9 115.9
Cargo Traffic tonnes 6,557.1 61.9 53,784.6 11.7
total
Available tonne 66.4 81.9 495.9 -5.5
kilometres* mill
Revenue tonne kilometres 48.8 70.5 398.0 26.5
mill
Available sched. cargo 50.9 127.7 241.5 -40.7
tonne kms* mill
Revenue sched. cargo 35.9 99.2 189.4 -14.9
tonne kms mill
Cargo load factor* % 73.5 -4.9p 80.2 20.3p
- North-Atlantic cargo 63.9 N/A 67.8 1.5p
load factor* %
- Asia cargo load 83.3 -6.2p 85.6 26.5p
factor* %
Scheduled traffic Cargo 70.5 -10.1p 78.4 23.8p
load factor* %

* Based on average operational cargo capacity

• 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.