Finnair capacity up 1.6% YoY

Finnair Plc. (HEX:FIA1S) said its overall capacity measured in Available Passenger Kilometres grew by 1.6 percent and traffic measured in Revenue Passenger Kilometres grew by 3.3 percent year‐on‐year.

The passenger load factor increased by 1.5 percent-points to 86.3 percent.

The capacity in Asian traffic decreased by 6.5 percent and the traffic measured in Revenue Passenger Kilometres decreased by 4.0 percent year‐on‐year. The capacity decrease reflects comfort-improving cabin configuration changes made across the wide-body fleet last winter, and the discontinuation of the seasonal Hanoi route in June 2015, whereas it was operated until September last year. At the same time, the opening of the seasonal Chicago route in June shows as pronounced growth in American traffic.

The capacity in European traffic grew by 5.4 percent and traffic measured in Revenue Passenger Kilometres grew by 7.7 percent year‐on‐year. The growth reflects, among other things, the change of certain European charter flights into scheduled traffic and new summer season routes. At the same time, the growth in domestic traffic is attributed to the transfer of the flights previously operated at Norra´s own commercial risk to Finnair´s purchased traffic.

In August, the cargo capacity in scheduled traffic, measured in Available Tonne Kilometres grew by 6.6 percent and Revenue Tonne Kilometres increased by 5.1 percent year-on-year. The cargo load factor in scheduled traffic was 55.0 percent. The overall cargo figures reflect a structural change from the comparison period, as Finnair withdrew from the use of leased NGA freighter aircraft capacity in Asian traffic. In August, the cargo traffic consisted almost entirely of belly cargo on scheduled flights.

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.