Finnair Plc                 Investor News               8 August 2024 at 9:00 a.m. EEST
Clearly over one million passengers as capacity increased year-on-year; cargo figures continued to improve

In July, Finnair carried 1,155,100 passengers. This was 8.7% more than in July 2023.

The overall capacity, measured in Available Seat Kilometres (ASK), increased in July by 9.1% year-on-year as additional narrow-body capacity was deployed by Finnair after the wet lease outs to British Airways ended in March 2024. If wet lease outs are included, capacity increased by 11.1% due to the co-operation with Qantas. Finnair's traffic, measured in Revenue Passenger Kilometres (RPKs), increased by 7.3%. The Passenger Load Factor (PLF) declined by 1.3% points to 83.5%. 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 ASKs in Asian traffic were up by 8.7% year-on-year due to added capacity to Japan. In North Atlantic traffic, ASKs increased by 9.4% due to added frequencies to Dallas. In European traffic, the ASKs were up by 11.2% as majority of the increase in narrow-body capacity was allocated to Europe. The Middle Eastern capacity declined by 4.0% mainly due to temporarily ceased operations to Israel. The ASKs in domestic traffic increased by 14.8% due to the additional narrow-body capacity.

RPKs increased in Asian traffic by 8.9% year-on-year. They increased by 11.2% in North Atlantic traffic, by 7.0% in European traffic and by 5.0% in domestic traffic whereas they decreased by 4.5% in Middle Eastern traffic.

In July, the PLF was 85.2% in Asian traffic, 88.5% in North Atlantic traffic, 82.8% in European traffic, 77.2% in Middle Eastern traffic and 63.6% in domestic traffic.

Passenger numbers increased by 8.0% in Asian traffic, by 10.7% in European traffic and by 9.9% in North Atlantic traffic. They decreased by 6.0% in Middle Eastern traffic and by 1.4% in domestic traffic.

The total cargo tonnes increased by 15.8% year-on-year in July due to growth in all traffic areas exclusive of domestic traffic. Revenue cargo tonne kilometres increased by 16.9%.

In July, 75.2% of all Finnair flights arrived on schedule (81.3%). The on-time performance decline was due to airspace and air traffic control capacity restrictions across Europe.
Traffic statistics for August 2024 will be published on Friday 6 September 2024.

Finnair Traffic
Performance July 2024
Month % Change YTD % Change
Total traffic
Passengers 1,000 1,155.1 8.7 6,677.7 3.0
Available seat kilometres 3,508.0 9.1 22,230.8 6.0
mill
Revenue passenger 2,928.2 7.3 16,681.1 3.1
kilometres mill
Passenger load factor % 83.5 - 1.3p 75.0 - 2.1p
Cargo tonnes total 12,637.0 15.8 84,515.1 11.5
Available tonne 502.4 9.7 3,242.6 7.6
kilometres mill
Revenue tonne kilometres 337.3 9.3 1,995.1 4.8
mill
Available seat kilometres 3,732.5 11.1 23,712.8 6.8
incl. wet lease out mill

Asia
Passengers 1,000 128.7 8.0 766.9 2.0
Available seat kilometres 1,149.0 8.7 7,963.6 7.8
mill
Revenue passenger 978.9 8.9 5,917.0 4.6
kilometres mill
Passenger load factor % 85.2 0.2p 74.3 - 2.3p

Europe
Passengers 1,000 850.3 10.7 4,403.4 5.8
Available seat kilometres 1,621.5 11.2 9,209.8 9.5
mill
Revenue passenger 1,342.8 7.0 7,030.7 3.6
kilometres mill
Passenger load factor % 82.8 - 3.2p 76.3 - 4.3p

North Atlantic
Passengers 1,000 49.2 9.9 241.0 1.4
Available seat kilometres 423.3 9.4 2,453.5 - 2.8
mill
Revenue passenger 374.5 11.2 1,873.7 3.6
kilometres mill
Passenger load factor % 88.5 1.4p 76.4 4.7p

Middle East
Passengers 1,000 40.1 - 6.0 272.7 - 6.8
Available seat kilometres 235.7 - 4.0 1,686.6 - 6.3
mill
Revenue passenger 182.1 - 4.5 1,237.1 - 4.8
kilometres mill
Passenger load factor % 77.2 - 0.4p 73.3 1.2p

Domestic
Passengers 1,000 86.8 - 1.4 993.7 - 4.0
Available seat kilometres 78.4 14.8 917.3 6.8
mill
Revenue passenger 49.9 5.0 622.7 - 0.6
kilometres mill
Passenger load factor % 63.6 - 6.0p 67.9 - 5.1p

Cargo traffic
- Europe tonnes 2,573.4 16.9 16,751.0 29.2
- North Atlantic tonnes 1,484.4 28.6 8,956.3 - 1.0
- Middle East tonnes 1,834.3 9.7 13,466.4 8.1
- Asia tonnes 6,725.2 14.8 45,049.9 9.9
- Domestic tonnes 19.7 - 8.5 148.6 - 28.1
- Cargo flights tonnes* 0.0 0.0 142.9 - 9.5
Cargo traffic tonnes 12,637.0 15.8 84,515.1 11.5
total
Revenue cargo tonne 75.3 16.9 503.3 10.1
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.