Finnair Plc                 Investor News              5 April 2024 at 9:00 a.m. EEST

Year-on-year, passenger traffic figures declined but cargo figures improved

In March, Finnair carried 918,900 passengers. This was 3.6% less than in March 2023.

The overall capacity, measured in Available Seat Kilometres (ASK), increased in March by 3.9% year-on-year. If wet lease outs are included, capacity increased by 2.8%. Finnair's traffic, measured in Revenue Passenger Kilometres (RPKs), increased by 0.3%. The Passenger Load Factor (PLF) declined by 2.7% points to 75.0%. 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 13.5% year-on-year explained e.g. by the additional capacity to Japan and South Korea. The North Atlantic capacity decreased by 11.6%. In European traffic, the ASKs were up by 2.1%. The Middle Eastern capacity declined by 7.3% mainly due to cancelled flights to Israel. The ASKs in domestic traffic increased by 4.9%.

RPKs increased in Asian traffic by 6.9% year-on-year but decreased in North Atlantic traffic by 7.2%. They decreased by 1.4% in European traffic, by 9.3% in Middle Eastern traffic and by 1.8% in domestic traffic.

In March, the PLF was 73.6% in Asian traffic, 72.1% in North Atlantic traffic, 78.5% in European traffic, 72.5% in Middle Eastern traffic and 72.5% in domestic traffic.

Passenger numbers decreased year-on-year in Asian traffic by 3.5%, by 17.9% in North Atlantic traffic, by 0.5% in European traffic, by 11.7% in Middle Eastern traffic and by 7.3% in domestic traffic.

The total cargo tonnes increased by 8.6% year-on-year in March due to increased Asian and European capacity. Revenue cargo tonne kilometres increased by 9.2%.

In March, 83.7% of all Finnair flights arrived on schedule (84.6%).

Traffic statistics for April 2024 will be published on Tuesday 7 May 2024.

Finnair Traffic
Performance March 2024
Month % Change YTD % Change
Total traffic
Passengers 1,000  918.9 - 3.6 2,543.4 - 1.9
Available seat kilometres 3,106.0  3.9 8,922.9  4.4
mill
Revenue passenger 2,328.9 0.3 6,435.2  0.3
kilometres mill
Passenger load factor %  75.0 - 2.7p  72.1 - 2.9p
Cargo tonnes total 12,294.7  8.6 34,310.9  11.9
Available tonne  455.5  6.0  1,317.7  7.8
kilometres mill
Revenue tonne kilometres  282.8  2.5  784.9  3.1
mill
Available seat kilometres 3,315.4 2.8 9,540.4 3.5
incl. wet lease out mill

Asia
Passengers 1,000  108.5 - 3.5  318.5 - 1.0
Available seat kilometres 1,237.4  13.5 3,552.8  12.5
mill
Revenue passenger  910.1  6.9 2,516.8  4.1
kilometres mill
Passenger load factor %  73.6 - 4.6p  70.8 - 5.7p

Europe
Passengers 1,000  537.8 - 0.5  1,452.5  0.5
Available seat kilometres  1,099.1  2.1 3,154.5  3.9
mill
Revenue passenger  862.3 - 1.4 2,343.1  - 0.1
kilometres mill
Passenger load factor %  78.5 - 2.8p  74.3 - 3.0p

North Atlantic
Passengers 1,000  25.8 - 17.9  73.1 - 10.8
Available seat kilometres  313.6 - 11.6  888.4 - 9.5
mill
Revenue passenger  226.0 - 7.2  594.3 - 6.7
kilometres mill
Passenger load factor %  72.1  3.4p  66.9  2.0p

Middle East
Passengers 1,000  42.0 - 11.7  131.1 - 7.0
Available seat kilometres  262.5 - 7.3  771.5 - 7.0
mill
Revenue passenger  190.3 - 9.3  594.7 - 4.9
kilometres mill
Passenger load factor %  72.5  - 1.6p  77.1  1.7p

Domestic
Passengers 1,000  204.9 - 7.3  568.2 - 5.7
Available seat kilometres  193.5  4.9  555.7  2.1
mill
Revenue passenger  140.2 - 1.8  386.3 - 1.6
kilometres mill
Passenger load factor %  72.5 - 5.0p  69.5 - 2.6p

Cargo traffic
- Europe tonnes 2,188.9  26.8 5,894.8  35.9
- North Atlantic tonnes  1,053.8 - 22.7 3,079.0 - 20.9
- Middle East tonnes 2,221.5 5.0 5,965.3 1.1
- Asia tonnes 6,760.6  12.6 19,187.2  17.6
- Domestic tonnes  20.0 - 42.1  63.1 - 35.5
- Cargo flights tonnes*  49.9  - 37.1  121.5  13.9
Cargo traffic tonnes 12,294.7  8.6 34,310.9  11.9
total
Revenue cargo tonne  74.6  9.2  209.6  11.6
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.