Finnair Plc                Investor News        6 March 2020 at 9:00 a.m. EET 

Passenger load factor declined in February year-on-year due to coronavirus; traffic figures negative mainly in Asia

In February, Finnair carried 1,035,000 passengers which is 4.0% more than in the corresponding period of 2019. The overall capacity measured in Available Seat Kilometres (ASK) increased in February by 2.9%. Finnair's traffic measured in Revenue Passenger Kilometres (RPKs) decreased by 1.7%. The leap day had a growth contribution of some 3 per cent to passengers, ASK and RPK, as there was an additional day in February compared to 2019. The Passenger Load Factor (PLF) decreased year-on-year by 3.6% points to 76.1%.

The ASK decline in Asian traffic was 7.1%, due to coronavirus related route and frequency cancellations. The North Atlantic capacity increased by 33.6% following the opening of new Los Angeles route in March 2019.

In European traffic, the ASKs were up by 11.4%. The growth derived from additional seating capacity in some of the existing narrow-body aircraft and the changes in route network. The added capacity was directed especially to London. The ASKs in domestic traffic increased by 2.2%.

RPKs decreased in Asian traffic by 13.3%, but increased in North Atlantic traffic by 32.3%, in European traffic by 8.3% and in domestic traffic by 6.9%. The PLF was 78.9% in Asian traffic, 81.2% in North Atlantic traffic, 73.5% in European traffic and 64.9% in domestic traffic.

Passenger numbers decreased in Asian traffic by 14.8%, but increased in North Atlantic traffic by 32.1%, in European traffic by 8.9% and in domestic traffic by 4.9%.

Available scheduled cargo tonne kilometres decreased by 2.3% year-on-year and revenue scheduled cargo tonne kilometres decreased by 13.4%, both mainly due to coronavirus impact. Overall global uncertainty in world trade added with the coronavirus impact continue to press global air freight market and were especially visible in Finnair's cargo markets in Asia.

In February, 86.1% of all Finnair flights arrived on schedule (74.4%).

Traffic statistics for March 2020 will be published on Tuesday 7 April 2020.

Finnair Traffic        
Performance February
2020
  Month % Change YTD % Change
Total traffic        
Passengers 1,000 1,035.0 4.0 2,156.9 7.7
Available seat 3,424.4 2.9 7,406.6 6.9
kilometres mill
Revenue passenger 2,607.6 -1.7 5,712.8 5.2
kilometres mill
Passenger load factor % 76.1 -3.6p 77.1 -1.2p
Cargo tonnes total 10,087.5 -13.3 22,748.0 -3.7
Available tonne 496.4 1.2 1,085.8 5.9
kilometres mill
Revenue tonne kilometres 297.0 -4.5 653.4 2.8
mill
         
Asia        
Passengers 1,000 Asia 161.4 -14.8 385.2 -2.3
Available seat 1,574.2 -7.1 3,604.5 1.8
kilometres mill Asia
Revenue passenger 1,242.4 -13.3 2,937.9 -1.4
kilometres mill Asia
Passenger load factor % 78.9 -5.6p 81.5 -2.6p
Asia
         
Europe        
Passengers 1,000 Europe 600.9 8.9 1,236.0 10.7
Available seat 1,320.7 11.4 2,724.4 10.6
kilometres mill Europe
Revenue passenger 970.8 8.3 1,981.9 10.7
kilometres mill Europe
Passenger load factor % 73.5 -2.1p 72.7 0.0p
Europe
         
North Atlantic        
Passengers 1,000 North 32.3 32.1 65.8 26.8
Atlantic
Available seat 310.5 33.6 646.6 29.4
kilometres mill North
Atlantic
Revenue passenger 252.1 32.3 515.8 27.6
kilometres mill North
Atlantic
Passenger load factor % 81.2 -0.8p 79.8 -1.1p
North Atlantic
         
Domestic        
Passengers 1,000 240.4 4.9 469.8 6.8
Domestic
Available seat 219.0 2.2 431.1 1.0
kilometres mill Domestic
Revenue passenger 142.2 6.9 277.1 9.4
kilometres mill Domestic
Passenger load factor % 64.9 2.9p 64.3 4.9p
Domestic
         
Cargo Traffic        
Europe tonnes 2,252.8 -0.4 5,093.6 10.7
North Atlantic tonnes 983.2 40.7 1,940.7 43.8
Asia tonnes 6,813.6 -21.0 15,635.4 -11.0
Domestic tonnes 37.9 -22.5 78.4 -24.9
Cargo scheduled traffic 10,087.5 -13.3 22,748.0 -3.7
total tonnes
Cargo flights, tonnes** 0 0 0 0
Cargo Traffic tonnes 10,087.5 -13.3 22,748.0 -3.7
total
Available tonne 122.3 -2.3 273.1 4.4
kilometres* mill
Revenue tonne kilometres 63.8 -13.4 142.3 -5.0
mill
Available sched. cargo 122.3 -2.3 273.1 4.4
tonne kms*, mill
Revenue sched. cargo 63.8 -13.4 142.3 -5.0
tonne kms, mill
Cargo load factor* % 52.2 -6.7p 52.1 -5.2p
- North-Atlantic cargo 68.6 5.5p 65.6 6.6p
load factor* %
- Asia cargo load 55.9 -8.4p 55.3 -7.7p
factor* %
Scheduled traffic Cargo 52.2 -6.7p 52.1 -5.2p
load factor*, %

* Operational calculatory 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.