2009-09-08 08:00:00 CEST
2009-09-08 08:00:03 CEST
REGULATED INFORMATION
Finnair Oyj - Company Announcement
FINNAIR CUTS CAPACITY TO MATCH FALLING DEMAND
FINNAIR OYJ STOCK EXCHANGE RELEASE 8 SEPTEMBER 2009 AT 09:00 Finnair's scheduled passenger traffic declined by more than 7 per cent and capacity was cut by more than 9 per cent, which improved the load factor by one and a half percentage points to more than 80 per cent. “Capacity was cut to match falling demand as well as possible. With our capacity cuts of around ten per cent we kept the load factor at a good level, but the price level is still decreasing. As the holiday season comes to an end, demand is expected to fall, so we will adjust traffic further,” says Finnair's SVP Communications Christer Haglund. Asian traffic declined by 13 per cent from August the previous year. A more than 16 per cent capacity cut raised the load factor by more than 3 percentage points to 87 per cent. European traffic declined by nearly 6 per cent. Cuts in capacity kept the load factor at last year's level of 71 per cent. Domestically, traffic was around 5 per cent less and Finnair's capacity 2 per cent less. The load factor in domestic traffic was 61 per cent. In North American traffic, there was an increase in the number of New York flights compared to last year. Passenger numbers grew by nearly 37 per cent and load factor rose to 92 per cent. Leisure traffic declined in August by 25 per cent and capacity by 17 per cent, so the leisure traffic load factor fell by nearly 9 per cent to 79 per cent. Finnair's traffic overall, measured in revenue passenger kilometres, declined by over ten per cent in August compared with the same month the previous year. Passenger numbers declined by more than 9 per cent. Cargo traffic decreased by more than 11 per cent in terms of cargo tonnes carried. Cargo traffic in scheduled traffic decreased by nearly 11 per cent. Of Finnair's flights, 92.7 per cent arrived on schedule, which represents an improvement of 7.5 percentage points from last year. The scheduled passenger traffic punctuality percentage rose from August last year by 6.4 percentage points to 93.5 per cent. Finnair traffic Finnair traffic altogether decreased by 10.2%, measured in revenue passenger kilometres. Capacity decreased by 10.1%. Passenger load factor was 0.1 percentage points lower than year before, 80.2%. Number of passengers carried decreased by 9.2% and was 656 484. Scheduled traffic Scheduled traffic decreased by 7.3%, measured in revenue passenger kilometres. Capacity decreased by 8.9%. Passenger load factor was 1.4 percentage points higher than year before, 80.4%. Number of passengers carried decreased by 5.4% and was 577 352. Scheduled international traffic, decreased by 7.4%, measured in revenue passenger kilometres. Capacity decreased by 9.2%. Passenger load factor was 1.6 percentage points higher than year before, 81.2%. Number of passengers carried decreased by 6.5% and was 491 508. European scheduled traffic, decreased by 5.7%, measured in revenue passenger kilometres. Capacity decreased by 5.4%. Passenger load factor was 0.2 percentage points lower than year before, 70.9%. Number of passengers carried decreased by 5.2% and was 357 504. North Atlantic scheduled traffic increased by 36.8%, measured in revenue passenger kilometres. Capacity increased by 36.4%. Passenger load factor was 0.3 percentage points higher than year before, 92.0%. Number of passengers carried increased by 36.8% and was 21 937. Asian scheduled traffic decreased by 13.2%, measured in revenue passenger kilometres. Capacity decreased by 16.4%. Passenger load factor was 3.1 percentage points higher than year before, 87.1%. Number of passengers carried decreased by 15.6% and was 112 067. Domestic scheduled traffic decreased by 4.7%, measured in revenue passenger kilometres. Capacity decreased by 2.0%. Passenger load factor was 1.7 percentage points lower than year before, 60.9%. Number of passengers carried increased by 1.9% and was 85 844. Leisure traffic Leisure traffic decreased by 25.0%, measured in revenue passenger kilometres. Capacity decreased by 16.8%. Passenger load factor was 8.6 percentage points lower than year before, 78.9%. Number of passengers carried decreased by 30.1% and was 79 132. Cargo Cargo traffic decreased by 11.5% in terms of cargo tonnes carried. Decrease in scheduled traffic was 10.8%. Cargo traffic decreased by 11.2% in Asian traffic, decreased by 9.4% in European traffic and decreased by 9.9% in North-Atlantic traffic. Cargo traffic carried on chartered cargo flights decreased by 82.4%. The cargo load factor in the Asian traffic was 75.1% and in the North Atlantic traffic 48.9%. -------------------------------------------------------------------------------- | | Aug 09 | %-CHANG | Jan09-Aug0 | %- | | | | E | 9 | CHANGE | -------------------------------------------------------------------------------- | TOTAL TRAFFIC | | | | | -------------------------------------------------------------------------------- | Passengers 1000 | 656,5 | -9,2 | 5 048,0 | -8,3 | -------------------------------------------------------------------------------- | Available seat-kilometres | 2 171,6 | -10,1 | 17 931,0 | -7,2 | | mill | | | | | -------------------------------------------------------------------------------- | Revenue passenger kilometres | 1 742,2 | -10,2 | 13 589,9 | -5,4 | | mill | | | | | -------------------------------------------------------------------------------- | Passenger load factor % | 80,2 | -0,1 p | 75,8 | 1,4 p | -------------------------------------------------------------------------------- | Cargo tonnes total | 7 782,2 | -11,5 | 56 047,4 | -19,4 | -------------------------------------------------------------------------------- | Available tonne-kilometres | 325,1 | -16,1 | 2 689,7 | -9,8 | | mill | | | | | -------------------------------------------------------------------------------- | Revenue tonne-kilometres mill | 201,7 | -10,6 | 1 535,1 | -9,0 | -------------------------------------------------------------------------------- | Overall load factor % | 62,0 | 3,8 p | 57,1 | 0,5 p | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | SCHEDULED TOTAL | | | | | -------------------------------------------------------------------------------- | Passengers 1000 | 577,4 | -5,4 | 4 253,7 | -8,1 | -------------------------------------------------------------------------------- | Available seat-kilometres | 1 870,0 | -8,9 | 14 111,6 | -9,3 | | mill | | | | | -------------------------------------------------------------------------------- | Revenue passenger kilometres | 1 504,3 | -7,3 | 10 247,6 | -7,0 | | mill | | | | | -------------------------------------------------------------------------------- | Passenger load factor % | 80,4 | 1,4 p | 72,6 | 1,8 p | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | EUROPE | | | | | -------------------------------------------------------------------------------- | Passengers 1000 | 357,5 | -5,2 | 2 496,3 | -8,0 | -------------------------------------------------------------------------------- | Available seat-kilometres | 697,1 | -5,4 | 5 210,8 | -7,7 | | mill | | | | | -------------------------------------------------------------------------------- | Revenue passenger kilometres | 494,4 | -5,7 | 3 478,9 | -7,0 | | mill | | | | | -------------------------------------------------------------------------------- | Passenger load factor % | 70,9 | -0,2 p | 66,8 | 0,5 p | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | NORTH ATLANTIC | | | | | -------------------------------------------------------------------------------- | Passengers 1000 | 21,9 | 36,8 | 113,8 | 14,0 | -------------------------------------------------------------------------------- | Available seat-kilometres | 157,4 | 36,4 | 902,1 | 15,1 | | mill | | | | | -------------------------------------------------------------------------------- | Revenue passenger kilometres | 144,8 | 36,8 | 751,1 | 14,0 | | mill | | | | | -------------------------------------------------------------------------------- | Passenger load factor % | 92,0 | 0,3 p | 83,3 | -0,8 p | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | ASIA | | | | | -------------------------------------------------------------------------------- | Passengers 1000 | 112,1 | -15,6 | 761,1 | -9,6 | -------------------------------------------------------------------------------- | Available seat-kilometres | 941,6 | -16,4 | 7 180,4 | -12,3 | | mill | | | | | -------------------------------------------------------------------------------- | Revenue passenger kilometres | 820,1 | -13,2 | 5 531,2 | -8,8 | | mill | | | | | -------------------------------------------------------------------------------- | Passenger load factor % | 87,1 | 3,1 p | 77,0 | 3,0 p | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | DOMESTIC | | | | | -------------------------------------------------------------------------------- | Passengers 1000 | 85,8 | 1,9 | 882,6 | -9,3 | -------------------------------------------------------------------------------- | Available seat-kilometres | 73,9 | -2,0 | 818,3 | -13,1 | | mill | | | | | -------------------------------------------------------------------------------- | Revenue pax-kilometres mill | 45,0 | -4,7 | 486,4 | -12,5 | -------------------------------------------------------------------------------- | Passenger load factor % | 60,9 | -1,7 p | 59,4 | 0,4 p | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | LEISURE TRAFFIC | | | | | -------------------------------------------------------------------------------- | Passengers 1000 | 79,1 | -30,1 | 794,3 | -9,3 | -------------------------------------------------------------------------------- | Available seat-kilometres | 301,6 | -16,8 | 3 819,4 | 1,4 | | mill | | | | | -------------------------------------------------------------------------------- | Revenue passenger kilometres | 237,9 | -25,0 | 3 342,4 | -0,2 | | mill | | | | | -------------------------------------------------------------------------------- | Passenger load factor % | 78,9 | -8,6 p | 87,5 | -1,5 p | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | CARGO TRAFFIC | | | | | -------------------------------------------------------------------------------- | Cargo scheduled traffic total | 7 660,7 | -10,8 | 54 260,6 | -19,2 | | tonnes | | | | | -------------------------------------------------------------------------------- | Europe tonnes | 1 432,7 | -9,4 | 11 861,3 | -14,7 | -------------------------------------------------------------------------------- | North Atlantic tonnes | 614,8 | -9,9 | 3 968,6 | -17,8 | -------------------------------------------------------------------------------- | Asia tonnes | 5 395,4 | -11,2 | 36 621,9 | -21,2 | -------------------------------------------------------------------------------- | Domestic tonnes | 217,8 | -11,5 | 1 808,7 | -9,5 | -------------------------------------------------------------------------------- | Cargo leisure traffic tonnes | 89,0 | 409,9 | 800,8 | 213,3 | -------------------------------------------------------------------------------- | Scheduled cargo charter | 32,5 | -82,4 | 986,0 | -53,7 | | tonnes | | | | | -------------------------------------------------------------------------------- | Cargo tonnes total | 7 782,2 | -11,5 | 56 047,4 | -19,4 | -------------------------------------------------------------------------------- | Available tonne-kilometres* | 72,0 | -15,5 | 577,6 | -10,7 | | mill | | | | | -------------------------------------------------------------------------------- | Revenue tonne-kilometres mill | 45,6 | -12,0 | 317,4 | -20,4 | -------------------------------------------------------------------------------- | Cargo load factor* % | 63,3 | 2,5 p | 55,0 | -6,7 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 October 7, 2009. Finnair Oyj Communications September 8, 2009 Taneli Hassinen VP Financial Communications and IR Tel. +358 9 818 4976 Additional information: Mr. Lasse Heinonen. EVP & 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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