Finnair Plc                Investor News        7 August 2020 at 9:00 a.m. EEST

The COVID-19 pandemic impact was still clearly visible in the July traffic figures, cargo demand was fairly strong

In July, Finnair carried 145,300 passengers, which is 90.0% less than in the corresponding period of 2019 but 163.0% more than in June 2020.

The overall capacity measured in Available Seat Kilometres (ASK) decreased in July by 88.7% year-on-year. Finnair operated 93 daily flights (cargo-only included) on average which was 24.4% compared to July 2019. The differences between capacity figures are explained by the shorter operated flights on average and by smaller operated aircraft compared to July 2019. Finnair's traffic measured in Revenue Passenger Kilometres (RPKs) decreased by 94.8%. The Passenger Load Factor (PLF) decreased by 48.2% points to 41.4%. All passenger traffic figures were still impacted by the COVID-19 pandemic related capacity reductions, which was visible especially in the North Atlantic figures as there were no related scheduled flights in July.

The ASK decline in Asian traffic was 88.6%. The North Atlantic capacity decreased by 100.0%. In European traffic, the ASKs were down by 87.0%. The ASKs in domestic traffic decreased by 73.9%.

RPKs decreased in Asian traffic by 97.6%, in North Atlantic traffic by 100.0%, in European traffic by 91.1% and in domestic traffic by 72.7%.

The PLF was 18.8% in Asian traffic but it was supported by the cargo operations and high cargo load factor. The PLF was 61.2% in European traffic and 73.0% in domestic traffic, whereas there was no PLF figure in North Atlantic traffic due to zero passenger flights in July.

Passenger numbers decreased in Asian traffic by 97.7%, in North Atlantic traffic by 100.0%, in European traffic by 89.5% and in domestic traffic by 75.4%.

Available scheduled cargo tonne kilometres decreased by 88.4% year-on-year and revenue scheduled cargo tonne kilometres decreased by 85.0%, both due to the impact of COVID-19 pandemic on scheduled flights. However, cargo related available tonne kilometres decreased by 81.5% and revenue tonne kilometres decreased by 73.0% and they included also the cargo-only flights mostly operated between Europe and Asia as well as Europe and North America. The total cargo tonnes were down by 12.8% from June 2020 as the demand was slightly weaker and as the cargo market capacity increased in July. The cargo load factor was still clearly higher than in the corresponding period of 2019.

In July, 95.9% of all Finnair flights arrived on schedule (78.4%).

Traffic statistics for August 2020 will be published on Tuesday 8 September 2020.

Finnair Traffic
Performance July 2020
Month % Change YTD % Change
Total traffic
Passengers 1,000 145.3 -90.0 2,898.8 -65.9
Available seat 494.7 -88.7 10,510.1 -61.6
kilometres mill
Revenue passenger 204.9 -94.8 7,344.1 -67.2
kilometres mill
Passenger load factor % 41.4 -48.2p 69.9 -12.1p
Cargo tonnes total 3,561.6 -75.9 44,080.3 -54.5
Available tonne 106.4 -83.2 1,795.5 -55.1
kilometres mill
Revenue tonne kilometres 43.3 -90.2 942.8 -64.0
mill

Asia
Passengers 1,000 Asia 5.8 -97.7 472.7 -68.3
Available seat 237.5 -88.6 4,922.3 -63.6
kilometres mill Asia
Revenue passenger 44.6 -97.6 3,622.0 -67.9
kilometres mill Asia
Passenger load factor % 18.8 -71.2p 73.6 -9.9p
Asia

Europe
Passengers 1,000 Europe 107.2 -89.5 1,695.1 -68.4
Available seat 233.0 -87.0 4,107.0 -60.3
kilometres mill Europe
Revenue passenger 142.6 -91.1 2,690.9 -67.9
kilometres mill Europe
Passenger load factor % 61.2 -28.3p 65.5 -15.6p
Europe

North Atlantic
Passengers 1,000 North 0.0 -100.0 82.3 -68.5
Atlantic
Available seat 0.0 -100.0 848.9 -63.1
kilometres mill North
Atlantic
Revenue passenger 0.0 -100.0 647.1 -67.4
kilometres mill North
Atlantic
Passenger load factor % N/A N/A 76.2 -10.0p
North Atlantic

Domestic
Passengers 1,000 32.3 -75.4 648.7 -53.3
Domestic
Available seat 24.2 -73.9 631.9 -45.6
kilometres mill Domestic
Revenue passenger 17.7 -72.7 384.1 -48.5
kilometres mill Domestic
Passenger load factor % 73.0 3.4p 60.8 -3.4p
Domestic

Cargo Traffic
Europe tonnes 328.9 -88.9 7,613.8 -59.9
North Atlantic tonnes 0.0 -100.0 2,542.2 -65.9
Asia tonnes 1,766.1 -83.1 22,482.5 -67.9
Domestic tonnes 27.9 -32.1 193.2 -44.9
Cargo scheduled traffic 2,123.0 -85.6 32,831.6 -66.1
total tonnes
Cargo flights, tonnes** 1,438.7 100.0 11,248.7 100.0
Cargo Traffic tonnes 3,561.6 -75.9 44,080.3 -54.5
total
Available tonne 31.3 -81.5 488.2 -54.7
kilometres* mill
Revenue tonne kilometres 25.1 -73.0 286.0 -53.4
mill
Available sched. cargo 19.5 -88.4 384.9 -64.3
tonne kms*, mill
Revenue sched. cargo 14.0 -85.0 204.4 -66.7
tonne kms, mill
Cargo load factor* % 80.1 25.0p 58.6 1.7p
- North-Atlantic cargo N/A N/A 66.3 10.7p
load factor* %
- Asia cargo load 77.4 18.4p 57.1 -4.6p
factor* %
Scheduled traffic Cargo 71.6 16.5p 53.1 -3.7p
load factor*, %

* Based on average operational cargo capacity

** Including purchased traffic

· Change %: Change compared to the figures of the respective periods in the previous year (p = 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.

Further information: 
Finnair Media Desk, +358 9 818 4020, comms(a)finnair.com  
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Finnair blogs: https://bluewings.finnair.com/
Finnair on Facebook: www.facebook.com/finnair
Finnair Group website: https://company.finnair.com/en

https://news.cision.com/finnair/r/finnair-traffic-performance-in-july-2020,c3165160

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