Finnair passenger numbers up 8.7% YoY

In July, Finnair OYJ (HEX:FIA1S) overall capacity measured in available passenger kilometres grew by 1.9% and traffic measured in revenue passenger kilometres grew by 2.9% year‐on‐year.

The passenger load factor was 89.1%.

The capacity in Asian traffic decreased by 6.8% and the traffic measured in Revenue Passenger Kilometres decreased by 5.5% year‐on‐year. The capacity growth reflects comfort-improving cabin configuration changes made across the wide-body fleet last winter, and the discontinuation of the seasonal Hanoi route earlier than in the comparison period. At the same time, the opening of the seasonal Chicago route in June, opened earlier than last year, shows as pronounced growth in American traffic.

The capacity in European traffic grew by 5.5% and traffic measured in Revenue Passenger Kilometres by 6.9% year‐on‐year. This reflects, among other things, the change of certain European charter flights into scheduled traffic. 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 July, the cargo capacity in scheduled traffic, measured in Available Tonne Kilometres grew by 8.9% and Revenue Tonne Kilometres decreased by 4.1% year-on-year. The cargo load factor in scheduled traffic was 56.3%. 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 July, the cargo traffic consisted almost entirely of belly cargo on scheduled flights.