FINNAIR OYJ STOCK EXCHANGE RELEASE 8 JULY 2008 AT 09:00
FINNAIR'S LOAD FACTORS DOWN
Disproportion between Finnair's capacity and demand have further weakened
passenger load factors in June.
Finnair traffic increased by 5.3% in June, while the capacity was up by 10.4%,
resulting in a passenger load factor of 73.4% or 3.6 points lower than last
year. Finnair transported altogether 730 884 passengers, which is 1.1% less than
a year ago.
Scheduled traffic increased by 4.4% compared to June last year. Number of
passengers carried on scheduled flights was 599 838, which is 2.5% less than in
June 2007. Passenger load factor in scheduled passenger traffic was 70.7%, down
5.1 percentage points. Schedule arrangements and capacity cuts in long-haul
traffic will be made to improve load factors. The changes will come into effect
from the start of the winter schedule.
Scheduled traffic unit revenues, based on revenue passenger kilometers,
increased 1.2% in second quarter. In January-June unit revenues were lower than
previous year and decreased 0.9%.
Asian traffic grew 10.7% compared to June of the previous year. Number of
passengers carried on Finnair's Asian flights in June was 102 620, which is
11.5% more than a year ago. RPKs in European traffic decreased by 1.5% and
passenger load factor decreased by 3.7 percentage points to 72.5%. Leisure
flights' passenger load factor increased by 4.0 percentage points to 86.3%
compared to the previous year.
Finnair's Tallinn-based subsidiary Aero AS ended operations on 6 January 2008.
Aero figures are respectively included in Finnair Group total figures. In June
2007 Finnair sold its Stockholm-based subsidiary airline FlyNordic and its
traffic performance is no longer reported as part of Finnair Group statistics.
For better comparison, equivalent figures for last year have been adjusted
accordingly.
Arrival punctuality of Finnair flights was 81.1%, which was 1.5 points higher
than last year. Arrival punctuality of scheduled flights was 82.3%, 0.5 points
higher than last year.
Scheduled traffic
In scheduled traffic (international + domestic) revenue passenger kilometres
increased by 4.4%. The change in capacity was 11.9%. Passenger load factor was
70.7%, 5.1 percentage points lower than last year.
In scheduled international traffic, total number of passengers was up by 2.1%.
Capacity in ASKs was 12.8%, while RPKs increased by 5.4%.
In European scheduled traffic, ASKs increased by 3.6%, and as RPKs decreased by
1.5%, the passenger load factor was 72.5%, down 3.7 points from previous year.
In North Atlantic scheduled traffic, capacity was same 0.0%. Change in RPKs was
7.3%, and passenger load factor for June was 87.9%, 6.0 points higher than
previous year.
In Asian scheduled traffic, capacity increase was 21.8%. The passenger traffic
was up by 10.7%. Passenger load factor was 69.0%, 6.9 percentage points down.
Domestic scheduled traffic decreased by 16.6% on a capacity decrease of 3.3%.
Passenger load factor decreased by 8.7 percentage points to 54.4%.
Leisure traffic
ASKs for leisure traffic increased in June by 4.0%, and RPKs increased by 9.0%,
resulting in a passenger load factor of 86.3%, 4.0 points higher than last year.
Cargo
Cargo traffic increased by 15.3% in terms of cargo tonnes carried. Growth in
scheduled traffic was 24.9%. Increase in Asian traffic was 41.8%. Volume in
European traffic decreased by 5.3%. In North-Atlantic traffic cargo volume
increased by 5.4%. Cargo traffic carried on chartered cargo flights decreased by
78.4%. The cargo load factor in the Far Eastern traffic was 73.7% and in the
North Atlantic traffic 64.1%.
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| | Jun08 | %-CHANG | Jan08-Jun0 | %- |
| | | E | 8 | CHANGE |
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| TOTAL TRAFFIC | | | | |
--------------------------------------------------------------------------------
| Passengers 1000 | 730,9 | -1,1 | 4 063,8 | 2,0 |
--------------------------------------------------------------------------------
| Available seat-kilometres | 2 444,1 | 10,4 | 14 486,2 | 17,2 |
| mill | | | | |
--------------------------------------------------------------------------------
| Revenue passenger kilometres | 1 794,1 | 5,3 | 10 469,3 | 11,9 |
| mill | | | | |
--------------------------------------------------------------------------------
| Passenger load factor % | 73,4 | -3,6 p | 72,3 | -3,4 p |
--------------------------------------------------------------------------------
| Cargo tonnes toatal | 9 114,7 | 15,3 | 52 122,9 | 15,3 |
--------------------------------------------------------------------------------
| Available tonne-kilometres | 383,1 | 11,5 | 2 210,7 | 18,1 |
| mill | | | | |
--------------------------------------------------------------------------------
| Revenue tonne-kilometres mill | 213,6 | 8,8 | 1 234,0 | 13,7 |
--------------------------------------------------------------------------------
| Overall load factor % | 55,8 | -1,4 p | 55,8 | -2,1 p |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| SCHEDULED TOTAL | | | | |
--------------------------------------------------------------------------------
| Passengers 1000 | 599,8 | -2,5 | 3 426,8 | 0,4 |
--------------------------------------------------------------------------------
| Available seat-kilometres | 2 017,8 | 11,9 | 11 482,0 | 18,5 |
| mill | | | | |
--------------------------------------------------------------------------------
| Revenue passenger kilometres | 1 426,1 | 4,4 | 7 798,1 | 11,2 |
| mill | | | | |
--------------------------------------------------------------------------------
| Passenger load factor % | 70,7 | -5,1 p | 67,9 | -4,5 p |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| EUROPE | | | | |
--------------------------------------------------------------------------------
| Passengers 1000 | 385,8 | -0,3 | 1 945,0 | 3,6 |
--------------------------------------------------------------------------------
| Available seat-kilometres | 739,9 | 3,6 | 4 179,6 | 10,2 |
| mill | | | | |
--------------------------------------------------------------------------------
| Revenue passenger kilometres | 536,5 | -1,5 | 2 653,9 | 2,9 |
| mill | | | | |
--------------------------------------------------------------------------------
| Passenger load factor % | 72,5 | -3,7 p | 63,5 | -4,5 p |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| NORTH ATLANTIC | | | | |
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| Passengers 1000 | 14,9 | 7,3 | 68,0 | 7,9 |
--------------------------------------------------------------------------------
| Available seat-kilometres | 111,7 | 0,0 | 552,9 | 6,9 |
| mill | | | | |
--------------------------------------------------------------------------------
| Revenue passenger kilometres | 98,2 | 7,3 | 448,7 | 7,9 |
| mill | | | | |
--------------------------------------------------------------------------------
| Passenger load factor % | 87,9 | 6,0 p | 81,1 | 0,7 p |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| ASIA | | | | |
--------------------------------------------------------------------------------
| Passengers 1000 | 102,6 | 11,5 | 583,6 | 16,1 |
--------------------------------------------------------------------------------
| Available seat-kilometres | 1 073,4 | 21,8 | 5 939,0 | 30,8 |
| mill | | | | |
--------------------------------------------------------------------------------
| Revenue passenger kilometres | 740,9 | 10,7 | 4 222,9 | 20,3 |
| mill | | | | |
--------------------------------------------------------------------------------
| Passenger load factor % | 69,0 | -6,9 p | 71,1 | -6,2 p |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| DOMESTIC | | | | |
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| Passengers 1000 | 96,5 | -21,2 | 830,3 | -14,2 |
--------------------------------------------------------------------------------
| Available seat-kilometres | 92,8 | -3,3 | 810,4 | -3,4 |
| mill | | | | |
--------------------------------------------------------------------------------
| Revenue pax-kilometres mill | 50,5 | -16,6 | 472,6 | -7,6 |
--------------------------------------------------------------------------------
| Passenger load factor % | 54,4 | -8,7 p | 58,3 | -2,6 p |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| LEISURE TRAFFIC | | | | |
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| Passengers 1000 | 131,0 | 6,1 | 637,0 | 11,4 |
--------------------------------------------------------------------------------
| Available seat-kilometres | 426,3 | 4,0 | 3 004,2 | 12,6 |
| mill | | | | |
--------------------------------------------------------------------------------
| Revenue passenger kilometres | 368,0 | 9,0 | 2 671,2 | 14,2 |
| mill | | | | |
--------------------------------------------------------------------------------
| Passenger load factor % | 86,3 | 4,0 p | 88,9 | 1,3 p |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| CARGO TRAFFIC | | | | |
--------------------------------------------------------------------------------
| Cargo scheduled traffic total | 8 937,6 | 24,9 | 50 112,4 | 22,2 |
| tonnes | | | | |
--------------------------------------------------------------------------------
| Europe tonnes | 1 726,4 | -5,3 | 10 747,4 | 3,3 |
--------------------------------------------------------------------------------
| North Atlantic tonnes | 638,7 | 5,4 | 3 536,8 | 7,6 |
--------------------------------------------------------------------------------
| Asia tonnes | 6 329,5 | 41,8 | 34 288,8 | 34,0 |
--------------------------------------------------------------------------------
| Domestic tonnes | 243,0 | -7,2 | 1 539,4 | -11,2 |
--------------------------------------------------------------------------------
| Cargo leisure traffic tonnes | 23,9 | -43,1 | 212,1 | -5,3 |
--------------------------------------------------------------------------------
| Scheduled cargo charter | 153,2 | -78,4 | 1 798,4 | -54,7 |
| tonnes | | | | |
--------------------------------------------------------------------------------
| Cargo tonnes total | 9 114,7 | 15,3 | 52 122,9 | 15,3 |
--------------------------------------------------------------------------------
| Available tonne-kilometres* | 81,9 | 4,1 | 477,7 | 16,0 |
| mill | | | | |
--------------------------------------------------------------------------------
| Revenue tonne-kilometres mill | 52,9 | 20,7 | 296,3 | 19,6 |
--------------------------------------------------------------------------------
| Cargo load factor* % | 64,6 | 8,9 p | 62,0 | 1,9 p |
--------------------------------------------------------------------------------
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p= percentage points
Definitions to the terms used:
Change % refers to the change of the figures of the previous year
Revenue passenger kilometres: Number of revenue passengers carried,multiplied by
kilometres flown.
Available passenger kilometres: Total number of seats available, multiplied by
the number of kilometres flown.
Available tonne kilometres: Number of tonnes of capacity for carriage of
passengers, cargo and mail, multiplies by kilometres flown.
Cabin factor: Share of revenue passenger kilometres of available passenger
kilometres.
Overall load factor: Share of revenue tonne kilometres of available tonne
kilometres.
Next release on traffic statistics will be released on August 7, 2008.
Finnair Oyj
Communications
July 8, 2008
Taneli Hassinen
VP Financial Communication and IR
Tel. +358 9 818 4976
For further information please contact:
Mr. Christer Haglund. SVP Corporate Communications. tel. +358 9 818 4007
Mr. Henrik Arle. Deputy CEO and head of Scheduled Passenger Traffic. tel. +358 9
818 4200
Mr. Timo Riihimäki. Vice President. Cargo. tel. +358 9 818 5487
