2008-06-10 08:00:00 CEST
2008-06-10 08:00:00 CEST
REGULATED INFORMATION
Finnair Oyj - Company Announcement
FINNAIR'S SCHEDULED TRAFFIC GROWS, BUT AT CLEARLY LOWER LOAD FACTORS
FINNAIR OYJ STOCK EXCHANGE RELEASE 10 JUNE 2008 AT 09:00 Finnair scheduled traffic increased by 7.0% compared to May last year. Due to clearly weaker than expected growth in demand the number of passengers carried on scheduled flights decreased by 3.1% and was 554 939. Passenger load factor in scheduled passenger traffic was 62.4%, 8.0 percentage points lower than last year. Finnair's Asian traffic grew 18.5% compared to May of the previous year. Capacity was up by 38.3% leading to 62.6% load factor, 10.5 points lower than last year. Number of passengers carried on Finnair's Asian flights in May was 87 402, which is 15.1% more than a year ago. RPKs in European traffic decreased by 4.8% and passenger load factor decreased by 6.7 percentage points to 61.7%. The weakening global economy has decreased demand in the industry. Finnair's passenger load factor suffers especially from the levelling off of demand growth in China and India. Demand from Europe to China is decreasing due to the ambiguity caused by the earthquakes in China. From China travel has decreased because of restrictions on traveling. Indian traffic is emphasized on demand from Europe to India. The more moderate growth in demand in China and India has not managed to offset the strong increase in long-haul capacity. Weakened demand in Asian traffic also reflects on load factors in European traffic. Finnair traffic, measured in passenger kilometers, increased by 6.3% in May, while the capacity was up by 18.1%, resulting in a passenger load factor of 65.0% or 7.3 points lower than last year. Leisure flights' passenger load factor decreased by 0.8 percentage points to 81.1% compared to the previous year. Finnair transported altogether 644 181 passengers, which is 2.4% less than a year ago. 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 scheduled flights was 86.9% (based on a fifteen minute standard), 0.8 points lower than in January 2006. Including leisure flights arrival punctuality was 85.2% (0.4 p.p). Scheduled traffic In scheduled traffic (international + domestic) revenue passenger kilometres increased by 7.0%. The change in capacity was 20.8%. Passenger load factor was 62.4%, 8.0 percentage points lower than last year. In scheduled international traffic, total number of passengers was up by 0.8%. Capacity in ASKs was 21.8%, while RPKs increased by 8.0%. In European scheduled traffic, ASKs increased by 5.5%, and as RPKs decreased by 4.8%, the passenger load factor was 61.7%, down 6.7 points from previous year. In North Atlantic scheduled traffic, capacity increased by 19.2%. Change in RPKs was 17.7%, and passenger load factor for May was 78.2%, 1.0 points lower than previous year. In Asian scheduled traffic, capacity increase was 38.3%. The passenger traffic was up by 18.5%. Passenger load factor was 62.6%, 10.5 percentage points down. Domestic scheduled traffic decreased by 11.4% on a capacity decrease of 5.2%. Passenger load factor decreased by 9.3 percentage points to 49.6%. Leisure traffic ASKs for leisure traffic increased in May by 3.7%, and RPKs increased by 2.8%, resulting in a passenger load factor of 81.1%, 0.8 points lower than last year. Cargo Cargo traffic increased by 13.2% in terms of cargo tonnes carried. Growth in scheduled traffic was 17.9%. Increase in Asian traffic was 24.0%. Volume in European traffic increased by 4.2%. In North-Atlantic traffic cargo volume increased by 20.3%. Cargo traffic carried on chartered cargo flights decreased by 42.5%. The cargo load factor in the Far Eastern traffic was 71.3% and in the North Atlantic traffic 67.1%. -------------------------------------------------------------------------------- | | May08 | %-CHANG | Jan08-May0 | %- | | | | E | 8 | CHANGE | -------------------------------------------------------------------------------- | TOTAL TRAFFIC | | | | | -------------------------------------------------------------------------------- | Passengers 1000 | 644,2 | -2,4 | 3 332,9 | 2,7 | -------------------------------------------------------------------------------- | Available seat-kilometres | 2 313,2 | 18,1 | 12 042,1 | 18,7 | | mill | | | | | -------------------------------------------------------------------------------- | Revenue passenger kilometres | 1 503,3 | 6,3 | 8 675,2 | 13,4 | | mill | | | | | -------------------------------------------------------------------------------- | Passenger load factor % | 65,0 | -7,3 p | 72,0 | -3,4 p | -------------------------------------------------------------------------------- | Cargo tonnes toatal | 9 004,0 | 13,2 | 43 008,2 | 15,3 | -------------------------------------------------------------------------------- | Available tonne-kilometres | 368,3 | 22,1 | 1 827,6 | 19,5 | | mill | | | | | -------------------------------------------------------------------------------- | Revenue tonne-kilometres mill | 185,7 | 8,4 | 1 020,4 | 14,8 | -------------------------------------------------------------------------------- | Overall load factor % | 50,4 | -6,4 p | 55,8 | -2,3 p | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | SCHEDULED TOTAL | | | | | -------------------------------------------------------------------------------- | Passengers 1000 | 554,9 | -3,1 | 2 827,0 | 1,1 | -------------------------------------------------------------------------------- | Available seat-kilometres | 1 997,8 | 20,8 | 9 464,2 | 20,0 | | mill | | | | | -------------------------------------------------------------------------------- | Revenue passenger kilometres | 1 247,5 | 7,0 | 6 372,0 | 12,8 | | mill | | | | | -------------------------------------------------------------------------------- | Passenger load factor % | 62,4 | -8,0 p | 67,3 | -4,3 p | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | EUROPE | | | | | -------------------------------------------------------------------------------- | Passengers 1000 | 344,9 | -2,8 | 1 559,1 | 4,6 | -------------------------------------------------------------------------------- | Available seat-kilometres | 763,7 | 5,5 | 3 439,7 | 11,7 | | mill | | | | | -------------------------------------------------------------------------------- | Revenue passenger kilometres | 470,9 | -4,8 | 2 117,4 | 4,1 | | mill | | | | | -------------------------------------------------------------------------------- | Passenger load factor % | 61,7 | -6,7 p | 61,6 | -4,5 p | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | NORTH ATLANTIC | | | | | -------------------------------------------------------------------------------- | Passengers 1000 | 13,7 | 17,7 | 53,1 | 8,0 | -------------------------------------------------------------------------------- | Available seat-kilometres | 115,4 | 19,2 | 441,2 | 8,8 | | mill | | | | | -------------------------------------------------------------------------------- | Revenue passenger kilometres | 90,3 | 17,7 | 350,5 | 8,0 | | mill | | | | | -------------------------------------------------------------------------------- | Passenger load factor % | 78,2 | -1,0 p | 79,4 | -0,6 p | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | ASIA | | | | | -------------------------------------------------------------------------------- | Passengers 1000 | 87,4 | 15,1 | 481,0 | 17,1 | -------------------------------------------------------------------------------- | Available seat-kilometres | 1 010,7 | 38,3 | 4 865,6 | 32,9 | | mill | | | | | -------------------------------------------------------------------------------- | Revenue passenger kilometres | 632,9 | 18,5 | 3 482,0 | 22,6 | | mill | | | | | -------------------------------------------------------------------------------- | Passenger load factor % | 62,6 | -10,5 p | 71,6 | -6,0 p | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | DOMESTIC | | | | | -------------------------------------------------------------------------------- | Passengers 1000 | 109,0 | -16,5 | 733,8 | -13,2 | -------------------------------------------------------------------------------- | Available seat-kilometres | 107,9 | 5,2 | 717,7 | -3,4 | | mill | | | | | -------------------------------------------------------------------------------- | Revenue pax-kilometres mill | 53,5 | -11,4 | 422,1 | -6,4 | -------------------------------------------------------------------------------- | Passenger load factor % | 49,6 | -9,3 p | 58,8 | -1,9 p | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | LEISURE TRAFFIC | | | | | -------------------------------------------------------------------------------- | Passengers 1000 | 89,2 | 2,5 | 505,9 | 12,9 | -------------------------------------------------------------------------------- | Available seat-kilometres | 315,4 | 3,7 | 2 577,9 | 14,2 | | mill | | | | | -------------------------------------------------------------------------------- | Revenue passenger kilometres | 255,7 | 2,8 | 2 303,2 | 15,1 | | mill | | | | | -------------------------------------------------------------------------------- | Passenger load factor % | 81,1 | -0,8 p | 89,3 | 0,7 p | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | CARGO TRAFFIC | | | | | -------------------------------------------------------------------------------- | Cargo scheduled traffic total | 8 583,9 | 17,9 | 41 174,8 | 21,6 | | tonnes | | | | | -------------------------------------------------------------------------------- | Europe tonnes | 1 831,2 | 4,2 | 9 021,0 | 5,2 | -------------------------------------------------------------------------------- | North Atlantic tonnes | 690,8 | 20,3 | 2 898,2 | 8,1 | -------------------------------------------------------------------------------- | Asia tonnes | 5 796,9 | 24,0 | 27 959,3 | 32,4 | -------------------------------------------------------------------------------- | Domestic tonnes | 265,1 | -4,3 | 1 296,3 | -12,0 | -------------------------------------------------------------------------------- | Cargo leisure traffic tonnes | 52,2 | 84,4 | 188,2 | 3,4 | -------------------------------------------------------------------------------- | Scheduled cargo charter | 367,9 | -42,5 | 1 645,2 | -49,5 | | tonnes | | | | | -------------------------------------------------------------------------------- | Cargo tonnes total | 9 004,0 | 13,2 | 43 008,2 | 15,3 | -------------------------------------------------------------------------------- | Available tonne-kilometres* | 81,3 | 21,3 | 395,8 | 18,7 | | mill | | | | | -------------------------------------------------------------------------------- | Revenue tonne-kilometres mill | 51,1 | 14,2 | 243,4 | 19,4 | -------------------------------------------------------------------------------- | Cargo load factor* % | 62,9 | -3,9 p | 61,5 | 0,3 p | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 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 July 8, 2008. Finnair Oyj Communications June 10, 2008 Taneli Hassinen VP Financial Communications and Investor Relations Tel. +358 9 818 4976 For further information please contact: Mr. Lasse Heinonen. SVP & CFO. tel. +358 9 818 4950 Mr. Christer Haglund. SVP Corporate Communications. tel. +358 9 818 4007 Mr. Petteri Kostermaa. VP Traffic Planning. tel. +358 9 818 8504 Mr. Timo Riihimäki. Vice President. Cargo. tel. +358 9 818 5487
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