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

The number of passengers again crossed above one million and increased more than capacity - both passenger load factor and on-time performance improved

In October, Finnair carried 1,020,000 passengers, which was 10.8% more than in October 2023.

The overall capacity, measured in Available Seat Kilometres (ASK), increased in October by 6.6% year-on-year, as additional narrow-body capacity was deployed by Finnair after the wet lease outs to British Airways ended in March 2024. In addition, the strong capacity growth in Asian traffic continued. If wet lease outs are included, capacity increased by 8.7% 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) increased by 0.5% points to 77.8%. 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 7.9% year-on-year due to added frequencies to Tokyo and Osaka as well as Nagoya route operated during the summer season 2024. In North Atlantic traffic, ASKs decreased by 16.3% due to cut frequencies to Chicago. In European traffic, the ASKs were up by 10.1% as majority of the increase in narrow-body capacity was allocated to routes in northern Europe. The Middle Eastern capacity increased by 1.2%. The ASKs in domestic traffic increased by 36.7% due to the additional capacity allocated to northern routes slightly earlier than in the comparison period.

RPKs increased by 11.5% in Asian traffic year-on-year. They decreased by 5.0% in North Atlantic traffic. RPKs were up by 7.9% in European traffic and by 26.8% in domestic traffic whereas they decreased by 5.0% in Middle Eastern traffic.

In October, the PLF was 82.2% in Asian traffic, 85.3% in North Atlantic traffic, 75.7% in European traffic, 67.2% in Middle Eastern traffic and 68.7% in domestic traffic.

Passenger numbers increased by 11.0% in Asian traffic, by 10.5% in European traffic and by 22.9% in domestic traffic. They decreased by 6.1% in North Atlantic traffic and by 5.3% in Middle Eastern traffic.

The total cargo tonnes increased by 1.4% year-on-year. Revenue cargo tonne kilometres increased by 2.4%.

In October, 83.9% of all Finnair flights arrived on schedule (81.3%).

Traffic statistics for November 2024 will be published on Thursday 5 December 2024.

Finnair Traffic
Performance October 2024
Month % Change YTD % Change
Total traffic
Passengers 1,000 1,020.0 10.8 9,775.7 5.2
Available seat kilometres 3,289.5 6.6 32,207.2 6.7
mill
Revenue passenger 2,560.6 7.3 24,421.1 4.4
kilometres mill
Passenger load factor % 77.8 0.5p 75.8 - 1.7p
Cargo tonnes total 12,728.2 1.4 121,817.3 10.1
Available tonne 473.6 3.7 4,678.6 7.6
kilometres mill
Revenue tonne kilometres 303.6 6.1 2,908.6 5.5
mill
Available seat kilometres 3,512.3 8.7 34,338.6 7.8
incl. wet lease out mill

Asia
Passengers 1,000 119.2 11.0 1,129.0 4.7
Available seat kilometres 1,105.7 7.9 11,317.1 8.6
mill
Revenue passenger 908.9 11.5 8,680.5 6.7
kilometres mill
Passenger load factor % 82.2 2.6p 76.7 - 1.4p

Europe
Passengers 1,000 696.7 10.5 6,549.5 7.3
Available seat kilometres 1,554.0 10.1 13,854.3 10.1
mill
Revenue passenger 1,177.0 7.9 10,507.7 5.0
kilometres mill
Passenger load factor % 75.7 - 1.6p 75.8 - 3.7p

North Atlantic
Passengers 1,000 30.8 - 6.1 348.0 0.5
Available seat kilometres 275.1 - 16.3 3,421.2 - 4.2
mill
Revenue passenger 234.6 - 5.0 2,690.6 2.5
kilometres mill
Passenger load factor % 85.3 10.1p 78.6 5.2p

Middle East
Passengers 1,000 36.1 - 5.3 377.1 - 8.5
Available seat kilometres 243.7 1.2 2,389.2 - 5.5
mill
Revenue passenger 163.7 - 5.0 1,709.9 - 6.7
kilometres mill
Passenger load factor % 67.2 - 4.4p 71.6 - 1.0p

Domestic
Passengers 1,000 137.1 22.9 1,372.1 1.4
Available seat kilometres 111.1 36.7 1,225.3 11.8
mill
Revenue passenger 76.4 26.8 832.4 4.3
kilometres mill
Passenger load factor % 68.7 - 5.4p 67.9 - 4.9p

Cargo traffic
- Europe tonnes 2,785.0 5.3 24,388.7 24.7
- North Atlantic tonnes 1,210.7 8.5 12,696.8 1.1
- Middle East tonnes 1,936.4 - 11.3 19,194.4 2.9
- Asia tonnes 6,760.6 3.1 65,111.0 9.6
- Domestic tonnes 23.3 - 15.7 214.7 - 25.2
- Cargo flights tonnes* 12.2 - 44.0 211.6 9.4
Cargo traffic tonnes 12,728.2 1.4 121,817.3 10.1
total
Revenue cargo tonne 74.6 2.4 724.6 9.2
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 (PLF): 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.