Number of passengers grew 6.4% year-on-year
In December, Finnair’s overall capacity measured in Available Seat Kilometres grew by 4.9 per cent, and traffic measured in Revenue Passenger Kilometres grew by 7.7 per cent year-on-year. Growth concentrated on Asia, and the passenger load factor improved or remained unchanged in all traffic areas. Overall, the passenger load factor increased by 2.1 percentage points to 78.9 per cent.
In 2016 as a whole, Finnair carried a record number of 10.9 passengers, 5.6 per cent more than a year earlier. Annual growth was also brisk as measured by Available Seat Kilometres (+6.5%) and Revenue Passenger Kilometres (+5.8%).
The capacity in Finnair’s largest traffic area, Asia, grew by 5.8 per cent in December, and traffic grew by 10.6 per cent on the back of higher passenger load factor. The new Fukuoka and Guangzhou routes were retired in October for the winter season. Hence the December destination range was essentially the same as in the comparison period.
The capacity in American traffic increased by 0.6 per cent year-on-year, and traffic as measured by RPK increased by 4.4 per cent. The destination range was the same as in the comparison period. The New York route was operated by temporarily wet-leased aircraft and flight crew during the month.
European capacity grew by 4.7 per cent and traffic grew by 4.6 per cent year-on-year. Domestic capacity also increased by 4.7 per cent, and traffic increased by 5.9 per cent year-on-year reflecting mostly increased flying to Northern Finland.
According to preliminary data, Finnair’s unit revenue, or RASK (total Group revenue divided by ASK), declined in October–December by 3.2 per cent year-on-year and totalled 6.95 euro cents.
“By traffic area, our unit revenue in Q4 declined moderately from the comparison period in Asian and European traffic, and somewhat more in Atlantic traffic, whereas the unit revenue in domestic traffic increased slightly. Furthermore, overall unit revenue developments reflect a decline in travel services revenue due to the divestment of SMT and Estravel after the comparison period. ASK increased by 3.5 per cent, mostly in Asia, and the average passenger load factor improved slightly year-on-year. Cargo performance in December reflected internal systems integration challenges, which temporarily slowed down sales,” says Finnair CFO Pekka Vähähyyppä.
In December, the cargo capacity in scheduled traffic measured in Available Tonne Kilometres grew by 9.6 per cent, and Revenue Tonne Kilometres decreased by 16.2 per cent year-on-year. In addition, Finnair’s total freight capacity included three weekly freighter flights between Helsinki and Brussels, operated by DHL.
In December, 72.7 per cent of all Finnair flights arrived on schedule (85.8).
Traffic statistics for January 2017 will be published on Tuesday, 7 February 2017.
Note. Finnair revised its Disclosure Policy at the end of last year in line with the EU Market Abuse Regulation, and from now on, monthly traffic performance data will we published as investor news. The Disclosure Policy is available at Finnair’s Investor Relations website: https://investors.finnair.com/en/governance.