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

Finnair Traffic Performance in January 2024

Increase in passenger traffic numbers year-on-year during a seasonally slower month, on-time performance impacted by severe weather conditions

In January, Finnair carried 819,800 passengers, which was 0.4% more than in January 2023.

The overall capacity, measured in Available Seat Kilometres (ASK), increased in January by 5.6% year-on-year. If wet lease outs are included, capacity increased by 4.0%. Finnair's traffic, measured in Revenue Passenger Kilometres (RPKs), increased by 1.3%. The Passenger Load Factor (PLF) declined by 3.0% points to 69.2%. 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.

The ASK increase in Asian traffic was 13.1% year-on-year explained e.g. by the additional capacity to Japan and South Korea. The North Atlantic capacity decreased by 5.8%. In European traffic, the ASKs were up by 5.9%. The Middle Eastern capacity declined by 7.3% mainly due to cancelled flights to Israel. The ASKs in domestic traffic increased by 0.4%.

RPKs increased in Asian traffic by 3.0% year-on-year but decreased in North Atlantic traffic by 3.7%. They increased by 2.2% in European traffic but decreased by 0.9% in Middle Eastern traffic and by 2.4% in domestic traffic.

In January, the PLF was 68.5% in Asian traffic, 67.3% in North Atlantic traffic, 68.9% in European traffic, 79.4% in Middle Eastern traffic and 63.9% in domestic traffic.

Passenger numbers increased in Asian traffic by 0.6% year-on-year but decreased in North Atlantic traffic by 4.0%. They increased by 3.4% in European traffic but declined by 2.7% in Middle Eastern traffic and by 5.2% in domestic traffic.

The total cargo tonnes increased by 17.5% year-on-year in January due to increased Asian and European capacity. Revenue cargo tonne kilometres increased by 16.3%.

In January, 66.2% of all Finnair flights arrived on schedule (81.2%). On-time performance was mainly impacted by severe weather conditions.

Traffic statistics for February 2024 will be published on Thursday 7 March 2024.

Finnair Traffic
Performance January 2024
Month % Change YTD % Change
Total traffic
Passengers 1,000  819.8  0.4  819.8  0.4
Available seat kilometres 3,055.6  5.6 3,055.6  5.6
mill
Revenue passenger 2,114.6  1.3 2,114.6  1.3
kilometres mill
Passenger load factor %  69.2 - 3.0p  69.2 - 3.0p
Cargo tonnes total 11,114.7  17.5 11,114.7  17.5
Available tonne  452.3  9.5  452.3  9.5
kilometres mill
Revenue tonne kilometres  257.2  4.9  257.2  4.9
mill
Available seat kilometres 3,266.3 4.0 3,266.3 4.0
incl. wet lease out mill

Asia
Passengers 1,000  109.1  0.6  109.1  0.6
Available seat kilometres 1,218.7  13.1 1,218.7  13.1
mill
Revenue passenger  834.7  3.0  834.7  3.0
kilometres mill
Passenger load factor %  68.5 - 6.7p  68.5 - 6.7p

Europe
Passengers 1,000  462.7  3.4  462.7  3.4
Available seat kilometres 1,083.3  5.9 1,083.3  5.9
mill
Revenue passenger  746.7  2.2  746.7  2.2
kilometres mill
Passenger load factor %  68.9 - 2.5p  68.9 - 2.5p

North Atlantic
Passengers 1,000  26.2 - 4.0  26.2 - 4.0
Available seat kilometres  304.2 - 5.8  304.2 - 5.8
mill
Revenue passenger  204.8 - 3.7  204.8 - 3.7
kilometres mill
Passenger load factor %  67.3  1.5p  67.3  1.5p

Middle East
Passengers 1,000  46.5 - 2.7  46.5 - 2.7
Available seat kilometres  265.5 - 7.3  265.5 - 7.3
mill
Revenue passenger  210.9 - 0.9  210.9 - 0.9
kilometres mill
Passenger load factor %  79.4  5.1p  79.4  5.1p

Domestic
Passengers 1,000  175.2 - 5.2  175.2 - 5.2
Available seat kilometres  183.9  0.4  183.9  0.4
mill
Revenue passenger  117.6 - 2.4  117.6 - 2.4
kilometres mill
Passenger load factor %  63.9 - 1.9p  63.9 - 1.9p

Cargo traffic
- Europe tonnes 1,882.9  47.4 1,882.9  47.4
- North Atlantic tonnes 1,032.8 - 21.3 1,032.8 - 21.3
- Middle East tonnes 1,912.9  5.3 1,912.9  5.3
- Asia tonnes 6,239.7  25.0 6,239.7  25.0
- Domestic tonnes  23.6 - 24.8  23.6 - 24.8
- Cargo flights tonnes*  22.8 - 16.3  22.8 - 16.3
Cargo traffic tonnes 11,114.7  17.5 11,114.7  17.5
total
Revenue cargo tonne  68.1  16.3  68.1  16.3
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.