Finnair Plc               Investor News               6 March 2025 at 9:00 a.m. EET

The number of passengers and passenger load factor improved again despite flight cancellations related to industrial action

In February, Finnair carried 846,000 passengers, which was 4.4% more than in February 2024. Passenger numbers saw good growth in Asian, North Atlantic, and European traffic but declined in Middle Eastern and domestic traffic.

Overall capacity, measured in available seat kilometres (ASK), increased by 3.2%, as additional narrow-body capacity was deployed by Finnair after the wet lease outs to British Airways ended in March 2024. Majority of the additional narrow-body capacity was allocated to routes in northern Europe, resulting in an increase in ASKs in European and domestic traffic. In addition, capacity in North Atlantic traffic grew significantly, driven by added frequencies to Dallas. In Middle Eastern traffic, ASKs decreased due to the end of cooperation with Qatar Airways on flights between Stockholm, Copenhagen and Doha on 15 January 2025. Including wet lease outs, overall capacity increased by 3.1%.

Finnair's traffic, measured in revenue passenger kilometres (RPK), increased by 7.3%. RPKs increased significantly in Asian and North Atlantic traffic and saw good growth also in European traffic but declined in Middle Eastern and domestic traffic.

Passenger load factor (PLF) increased by 2.9% points to 75.1%. PLF improved significantly in Asian traffic, especially on routes to Japan and Singapore. PLF developed positively also in North Atlantic and Middle Eastern traffic but declined in European and domestic traffic.

Total cargo tonnes decreased by 5.4%, driven by a decline in Asian and Middle Eastern cargo traffic. Revenue cargo tonne kilometres decreased by 7.2%.

In February, 81.2% of all Finnair flights arrived on schedule compared to 75.3% in the comparison period.

Traffic statistics for March 2025 will be published on Tuesday 8 April 2025.

* The number of passengers and cargo tonnes for January-November 2024 were corrected in December 2024, with a total impact of 59,100 additional passengers and 828.7 additional cargo tonnes for the period.

** Including purchased traffic

• Change %: Change compared to the corresponding period in the previous year (p = points)
• Available seat kilometres (ASK): Total number of seats available × great circle distance in kilometres
• Revenue passenger kilometres (RPK): Number of revenue passengers × great circle distance in kilometres
• Passenger load factor (PLF): Share of revenue passenger kilometres of available seat kilometres
• Available tonne kilometres: Number of tonnes of capacity for carriage of passengers, cargo and mail × great circle distance in kilometres
• Revenue tonne kilometres: Total revenue load consisting of passengers, cargo and mail × great circle distance in kilometres

The reported distance-based traffic figures do not consider longer routings caused by airspace closures but are based on the great-circle distance in accordance with the industry practice.