Finnair Plc               Investor News               8 April 2025 at 9:00 a.m. EEST

The number of passengers declined due to flight cancellations related to industrial action and the timing of Easter

In March, Finnair carried 916,100 passengers, which was 2.3% less than in March 2024. The number of passengers increased significantly in North Atlantic traffic and remained stable in Asian and European traffic but declined in Middle Eastern and domestic traffic. The number of passengers was negatively affected by industrial action and Easter taking place in April this year.

Overall capacity, measured in available seat kilometres (ASK), remained stable. After the wet lease outs to British Airways ended close to the end of March 2024, majority of this 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 decreased by 1.2%.

Finnair's traffic, measured in revenue passenger kilometres (RPK), decreased by 2.0%. RPKs increased significantly in North Atlantic traffic and remained stable in Asian and European traffic but declined in Middle Eastern and domestic traffic.

Passenger load factor (PLF) decreased by 2.1% points to 72.8%. PLF improved in Asian and Middle Eastern traffic but declined in North Atlantic, European and domestic traffic.

Total cargo tonnes decreased by 7.0%, driven by a decline in Asian and Middle Eastern cargo traffic. Revenue cargo tonne kilometres remained stable.

In March, 85.8% of all Finnair flights arrived on schedule compared to 83.7% in the comparison period.

Traffic statistics for April 2025 will be published on Wednesday 7 May 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.