Finnair Plc                Investor News              7 March 2024 at 9:00 a.m. EET

A two-day political strike at the beginning of February had a negative impact on passenger traffic numbers, cargo figures improved year-on-year

In February, Finnair carried 804,700 passengers. This was 2.3% less than in February 2023, even though there was one day more in February 2024 due to the leap year. The decrease was mainly caused by a political strike during the first two days of the month which forced Finnair to cancel c. 550 flights.

The overall capacity, measured in Available Seat Kilometres (ASK), increased in February by 3.4% year-on-year despite the political strike. If wet lease outs are included, capacity increased by 3.6%. Finnair's traffic, measured in Revenue Passenger Kilometres (RPKs), decreased by 0.8%. The Passenger Load Factor (PLF) declined by 3.1% points to 72.1%. 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 ASK increase in Asian traffic was 10.6% year-on-year explained e.g. by the additional capacity to Japan and South Korea. The North Atlantic capacity decreased by 10.9%. In European traffic, the ASKs were up by 3.7%. The Middle Eastern capacity declined by 6.3% mainly due to cancelled flights to Israel. The ASKs in domestic traffic increased by 0.9%.

RPKs increased in Asian traffic by 2.3% year-on-year but decreased in North Atlantic traffic by 9.5%. They decreased by 0.9% in European traffic, by 4.6% in Middle Eastern traffic and by 0.4% in domestic traffic.

In February, the PLF was 70.4% in Asian traffic, 60.4% in North Atlantic traffic, 75.5% in European traffic, 79.5% in Middle Eastern traffic and 72.1% in domestic traffic.

Passenger numbers stayed flat in Asian traffic year-on-year but decreased in North Atlantic traffic by 9.1%. They declined by 1.2% in European traffic, by 6.7% in Middle Eastern traffic and by 4.3% in domestic traffic.

The total cargo tonnes increased by 10.3% year-on-year in February due to increased Asian and European capacity. Revenue cargo tonne kilometres increased by 9.8%.

In February, 75.3% of all Finnair flights arrived on schedule (79.7%).

Traffic statistics for March 2024 will be published on Friday 5 April 2024.

Finnair Traffic
Performance February 2024
Month % Change YTD % Change
Total traffic
Passengers 1,000  804.7 - 2.3 1,624.5 - 0.9
Available seat kilometres 2,761.3  3.4 5,816.9  4.6
mill
Revenue passenger 1,991.7 - 0.8 4,106.4  0.3
kilometres mill
Passenger load factor %  72.1 - 3.1p  70.6 - 3.0p
Cargo tonnes total 10,901.5  10.3 22,016.2  13.9
Available tonne  410.0  8.0  862.3  8.8
kilometres mill
Revenue tonne kilometres  244.9  1.9  502.1  3.4
mill
Available seat kilometres 2,958.7 3.6 6,225.1 3.8
incl. wet lease out mill

Asia
Passengers 1,000  100.9  0.0  210.0  0.3
Available seat kilometres 1,096.7  10.6 2,315.4  11.9
mill
Revenue passenger  772.0  2.3 1,606.7  2.6
kilometres mill
Passenger load factor %  70.4 - 5.7p  69.4 - 6.3p

Europe
Passengers 1,000  452.0 - 1.2  914.8  1.1
Available seat kilometres  972.1  3.7 2,055.4  4.9
mill
Revenue passenger  734.1 - 0.9 1,480.8  0.6
kilometres mill
Passenger load factor %  75.5 - 3.5p  72.0 - 3.0p

North Atlantic
Passengers 1,000  21.0 - 9.1  47.3 - 6.3
Available seat kilometres  270.6 - 10.9  574.8 - 8.3
mill
Revenue passenger  163.5 - 9.5  368.3 - 6.3
kilometres mill
Passenger load factor %  60.4  0.9p  64.1  1.3p

Middle East
Passengers 1,000  42.6 - 6.7  89.1 - 4.6
Available seat kilometres  243.4 - 6.3  508.9 - 6.8
mill
Revenue passenger  193.5 - 4.6  404.4 - 2.7
kilometres mill
Passenger load factor %  79.5  1.4p  79.5  3.4p

Domestic
Passengers 1,000  188.0 - 4.3  363.3 - 4.7
Available seat kilometres  178.4  0.9  362.3  0.7
mill
Revenue passenger  128.6 - 0.4  246.1 - 1.4
kilometres mill
Passenger load factor %  72.1 - 1.0p  67.9 - 1.4p

Cargo traffic
- Europe tonnes 1,823.0  36.8 3,705.9  42.0
- North Atlantic tonnes  992.4 - 18.6 2,025.1 - 20.0
- Middle East tonnes 1,831.0 - 7.1 3,743.9 - 1.1
- Asia tonnes 6,187.0  16.1 12,426.7  20.4
- Domestic tonnes  19.5 - 39.0  43.1 - 31.9
- Cargo flights tonnes*  48.8  100.0  71.5  162.7
Cargo traffic tonnes 10,901.5  10.3 22,016.2  13.9
total
Revenue cargo tonne  66.9  9.8  135.0  13.0
kilometres mill

• 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.