Finnair Plc                 Investor News               8 October 2024 at 9:00 a.m. EEST
Just above million passengers as capacity increased year-on-year, strong cargo performance continued

In September, Finnair carried 1,015,600 passengers, which was 10.2% more than in September 2023.

The overall capacity, measured in Available Seat Kilometres (ASK), increased in September by 9.0% 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 11.2% due to the co-operation with Qantas. Finnair's traffic, measured in Revenue Passenger Kilometres (RPKs), increased by 6.7%. The Passenger Load Factor (PLF) declined by 1.6% points to 76.3%. 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 13.1% 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 11.9% due to cut frequencies to Chicago. In European traffic, the ASKs were up by 12.2% as majority of the increase in narrow-body capacity was allocated to routes in northern Europe. The Middle Eastern capacity declined by 6.0% mainly due to temporarily ceased operations to Israel. The ASKs in domestic traffic increased by 35.6% due to the additional capacity allocated to northern routes slightly earlier than in the comparison period.

RPKs increased by 11.7% in Asian traffic year-on-year. They decreased by 2.5% in North Atlantic traffic. RPKs were up by 7.7% in European traffic and by 28.9% in domestic traffic whereas they decreased by 17.1% in Middle Eastern traffic.

In September, the PLF was 79.6% in Asian traffic, 83.5% in North Atlantic traffic, 74.8% in European traffic, 62.4% in Middle Eastern traffic and 72.3% in domestic traffic.

Passenger numbers increased by 10.8% in Asian traffic, by 10.2% in European traffic and by 24.1% in domestic traffic. They decreased by 5.1% in North Atlantic traffic and by 18.7% in Middle Eastern traffic.

The total cargo tonnes increased by 9.2% year-on-year in September due to growth in European and Asian cargo traffic. Revenue cargo tonne kilometres increased by 7.7%.

In September, 79.7% of all Finnair flights arrived on schedule (82.8%).

Traffic statistics for October 2024 will be published on Thursday 7 November 2024.

Finnair Traffic
Performance September
2024
Month % Change YTD % Change
Total traffic
Passengers 1,000 1,015.6  10.2 8,755.8  4.6
Available seat kilometres 3,243.9  9.0 28,917.6  6.7
mill
Revenue passenger 2,474.0  6.7 21,860.5  4.0
kilometres mill
Passenger load factor %  76.3 - 1.6p  75.6 - 1.9p
Cargo tonnes total 12,456.4  9.2 109,089.1  11.2
Available tonne  465.4  8.5 4,205.1  8.0
kilometres mill
Revenue tonne kilometres  295.0  6.9 2,605.0  5.5
mill
Available seat kilometres 3,460.8 11.2 30,826.3 7.7
incl. wet lease out mill

Asia
Passengers 1,000  115.1  10.8 1,009.7  4.0
Available seat kilometres 1,106.8  13.1 10,211.5  8.7
mill
Revenue passenger  880.5  11.7 7,771.6  6.2
kilometres mill
Passenger load factor %  79.6 - 0.9p  76.1 - 1.8p

Europe
Passengers 1,000  704.2  10.2 5,852.8  6.9
Available seat kilometres 1,521.8  12.2 12,300.3  10.1
mill
Revenue passenger 1,139.0  7.7 9,330.7  4.6
kilometres mill
Passenger load factor %  74.8 - 3.1p  75.9 - 4.0p

North Atlantic
Passengers 1,000  31.0 - 5.1  317.2  1.2
Available seat kilometres  286.4 - 11.9 3,146.1 - 3.0
mill
Revenue passenger  239.0 - 2.5 2,455.9  3.3
kilometres mill
Passenger load factor %  83.5  8,1p  78.1  4.8p

Middle East
Passengers 1,000  31.0 - 18.7  340.9 - 8.8
Available seat kilometres  225.7 - 6.0 2,145.5 - 6.2
mill
Revenue passenger  140.7 - 17.1 1,546.2 - 6.9
kilometres mill
Passenger load factor %  62.4 - 8.3p  72.1 - 0.6p

Domestic
Passengers 1,000  134.3  24.1 1,235.0 - 0.5
Available seat kilometres  103.4  35.6 1,114.2  9.8
mill
Revenue passenger  74.8  28.9  756.0  2.5
kilometres mill
Passenger load factor %  72.3 - 3.8p  67.9 - 4.8p

Cargo traffic
- Europe tonnes 2,519.9  24.1 21,603.7  27.8
- North Atlantic tonnes 1,110.9 - 5.4 11,486.0  0.4
- Middle East tonnes 2,041.7 - 0.3 17,258.1  4.8
- Asia tonnes 6,705.0  9.7 58,350.5  10.5
- Domestic tonnes  22.5 - 15.6  191.4 - 26.3
- Cargo flights tonnes*  56.4  312.3  199.4  16.2
Cargo traffic tonnes 12,456.4  9.2 109,089.1  11.2
total
Revenue cargo tonne  73.7  7.7  649.9  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.