Finnair Plc Stock Exchange Release 8 July 2016 at 09:00 am EET
Number of passengers grew 6.7% year‐on‐year
In June, Finnair's overall capacity measured in Available Seat Kilometres grew
by 10.5 per cent and traffic measured in Revenue Passenger Kilometres grew by
9.7 per cent year‐on‐year. Capacity grew especially in long haul traffic, the
proportion of which grew from 52 to 56 per cent year-on-year. Despite the strong
growth, the passenger load factor was close to last year’s level at 84.1 per
cent (84.7 per cent).
The capacity in Finnair’s largest traffic area, Asia, grew by 14.4 per cent in
June, boosted in particular by the newly launched Fukuoka and Guangzhou routes,
while traffic grew by 10.4 per cent. Capacity in American traffic increased by
as much as 44.4 per cent due to the Miami and Chicago routes being operated this
year, and traffic measured in RPK by 37.3 per cent.
The capacity in European traffic grew by 2.5 per cent, and traffic as measured
in RPK increased by 5.1 per cent year‐on‐year. At the same time, the capacity in
domestic traffic contracted by 4.0 per cent and traffic by 0.3 per cent
year‐on‐year.
According to preliminary data, Finnair’s Revenue per Available Seat Kilometre
(RASK), or revenues divided by ASK, declined in April–June by 3.8 per cent
year‐on‐year and totalled 6.69 euro cents.
"Due to the strong growth of Finnair’s long-haul traffic, available seat
kilometres increased in the second quarter. Typically, unit revenues in long
haul traffic are lower than in short haul, and passenger loads on recently
launched long-haul routes were somewhat muted, which is typical in the ramp-up
stage. These factors had a negative impact on the average unit revenue. Unit
revenues in our Asian and American traffic showed a decline year-on-year, while
remaining at last year’s level in domestic traffic and increasing slightly in
Europe. Finnair’s Revenue Cargo Tonnes grew, but unit revenues declined due to
overcapacity in the markets", says Finnair CFO Pekka Vähähyyppä.
In June, the cargo capacity in scheduled traffic measured in Available Tonne
Kilometres grew by 10.8 per cent, and Revenue Tonne Kilometres increased by 17.0
per cent year on year. In addition, Finnair’s total freight capacity includes
two weekly freighter flights between Helsinki and Brussels and two weekly
freighter flights shared with IAG between Helsinki and London, both operated by
DHL.
In June, 86.8 per cent of all Finnair flights arrived on schedule (86.5).
Traffic statistics for July 2016 will be published on Monday, 8 August 2016.
Finnair Traffic Performance June 2016
June 2016 %-Change Year-to-date 2016 %-Change
Total Traffic
Passengers 1000 1 008,5 6,7 5 279,9 7,6
Available seat 2 955,6 10,5 16 633,2 7,1
kilometres mill
Revenue passenger 2 484,6 9,7 12 991,7 6,4
kilometres mill
Passenger load 84,1 -0,6 p 78,1 -0,5 p
factor %
Cargo tonnes total 12 833,7 17,3 70 977,1 14,7
Available tonne 438,7 13,8 2 451,0 8,0
kilometres mill
Revenue tonne 299,9 11,2 1 589,1 8,7
-kilometres mill
Overall load 68,3 -1,6 p 64,8 0,4 p
factor %
Europe
Passengers 1000 666,9 6,4 3 172,8 5,5
Available seat 1 196,8 2,5 6 412,2 3,2
kilometres mill
Revenue passenger 1 028,4 5,1 4 942,5 3,4
kilometres mill
Passenger load 85,9 2,1 p 77,1 0,1 p
factor %
North Atlantic
Passengers 1000 31,4 29,4 143,0 23,4
Available seat 256,8 44,4 1 304,4 31,7
kilometres mill
Revenue passenger 223,9 37,3 1 038,9 27,4
kilometres mill
Passenger load 87,2 -4,5 p 79,6 -2,6 p
factor %
Asia
Passengers 1000 154,5 10,2 852,7 4,5
Available seat 1 401,2 14,4 8 091,6 6,3
kilometres mill
Revenue passenger 1 160,6 10,4 6 438,0 5,3
kilometres mill
Passenger load 82,8 -3,0 p 79,6 -0,7 p
factor %
Domestic
Passengers 1000 155,7 1,2 1 111,4 15,1
Available seat 100,8 -4,0 825,1 14,5
kilometres mill
Revenue passenger 71,7 -0,3 572,4 14,6
kilometres mill
Passenger load 71,2 2,6 p 69,4 0,1 p
factor %
Cargo Traffic
Cargo scheduled 11 393,9 19,0 62 045,5 14,8
traffic total tonnes
Europe tonnes 2 332,5 35,0 12 416,4 20,4
North Atlantic 866,2 38,8 4 422,1 16,8
tonnes
Asia tonnes 8 050,8 13,4 44 302,0 13,3
Domestic tonnes 144,4 13,6 905,1 9,2
Cargo flights, 1 439,8 5,6 8 931,6 13,4
tonnes**
Cargo tonnes total 12 833,7 17,3 70 977,1 14,7
Available tonne 127,8 10,8 725,4 7,3
kilometres* mill
Revenue tonne 77,5 15,7 427,0 15,4
kilometres mill
Available 119,9 10,8 677,7 7,5
sched.cargo tonne
kms*, mill.
Revenue 70,2 17,0 381,6 14,8
sched.cargo tonne
kms, mill.
Cargo load factor* 60,7 2,6 p 58,9 4,1 p
%
- North-Atlantic 40,8 3,5 p 41,7 0,2 p
cargo load factor* %
- Asia cargo load 63,9 3,3 p 60,7 4,6 p
factor* %
Scheduled traffic 58,5 3,1 p 56,3 3,6 p
Cargo load factor*,
%
* Operational calculatory capacity
** Including purchased traffic
– Change %: Change compared to the figures of the respective periods in the
previous year (p = percentage points)
– Available seat kilometres, ASK: Total number of seats available, multiplied by
the number of 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
– Overall load factor: Share of revenue tonne kilometres of available tonne
kilometres
FINNAIR PLC
Further information:
Finnair communications, 358 9 818 4020, comms(a)finnair.com
Distribution:
NASDAQ OMX Helsinki
Principal media
Finnair is a network airline specialising in passenger and cargo traffic between
Asia and Europe. Helsinki’s geographical location gives Finnair a competitive
advantage, since the fastest connections between many European destinations and
Asian megacities fly over Finland. Finnair’s vision is to offer its passengers a
unique Nordic experience, and its mission is to offer the smoothest, fastest
connections in the northern hemisphere via Helsinki and the best network to the
world from its home markets. Finnair is the only Nordic carrier with a 4-star
Skytrax ranking and a member of the oneworld alliance. In 2015, Finnair’s
revenues amounted to EUR 2,255 million and it had a personnel of 4,800 at the
year-end. Finnair Plc’s shares are quoted on Nasdaq Helsinki.