Finnair traffic performance in October 2022: double the 2021 figures

Significant improvement in most October passenger numbers YoY, slight month-on-month decline; Charge performance still strong

In October Finnair carried 866,900 passengers, which is 100.1% more than in October 2021. The number of passengers in October 2022 was 2.6% less than in September 2022 (month-to-month figures are not fully comparable as there was one day less in September).

The impact of COVID-19, including severe travel restrictions imposed by some countries, continued to impact passenger traffic figures and this was particularly evident in Asian figures. Russian airspace was closed at the end of February due to counter-sanctions related to the war in Ukraine, leading to route and frequency cancellations in Asia traffic. However, thanks to robust cargo demand, Finnair continued to operate to most of its Asian destinations despite the longer routes. However, the negative impact of the airspace closure on passenger numbers in Asia, already impacted by the pandemic, was visible in October. The distance-based reported traffic numbers do not account for longer routes due to the airspace closure as they are based on the great circle distance.

Total capacity, measured in Available Seat Kilometers (ASK), increased 71.2% year-on-year and 3.6% mom in October. Finnair operated an average of 264 daily flights (cargo only), which was 52.6% more than in October 2021, but 1.5% less than in September 2022. The differences in capacity figures compared to October 2021 are explained by the longer one average phase length of the flights operated and by the larger track width of the aircraft operated. Finnair’s traffic, measured in passenger kilometers (RPKs), increased 166.9% yoy but fell 0.6% mom. The passenger load factor (PLF) increased by 26.1 percentage points year-on-year but decreased by 3.0 percentage points month-on-month to 72.6%.

ASK growth in Asian traffic was 53.9% yoy. Capacity in the North Atlantic increased by 60.8%. In European traffic, ASKs increased by 89.7%. Domestic ASKs increased by 49.6%.

RPKs increased by 549.7% on Asia trades, 521.1% on North Atlantic trades, 86.1% on European trades and 49.1% on domestic trades compared to the previous year.

In October, the PLF improved compared to the previous year, particularly in Asia traffic (73.5%) and North Atlantic traffic (58.5%). The PLF was 78.0% in European traffic and 71.8% in domestic traffic.

In Asia traffic, passenger numbers increased by 561.2% year-on-year. In North Atlantic traffic, the number of passengers increased by 502.2%. Passenger numbers in European traffic increased by 83.0% and in domestic traffic by 66.8%.

As a result of the closure of Russian airspace, many freight numbers in October fell compared to the previous year. However, most freight numbers improved month-on-month. Available tonne-kilometres increased 37.3% year-on-year (up 12.0% mom) and revenue tonne-kilometres increased 4.8% (up 6.0% mom). Freight-related available tonne-kilometres decreased 15.3% YoY (up 11.6% MoM) and revenue tonne-kilometres decreased 38.8% (up 5.4% MoM). These figures also include pure cargo flights and few such flights were operated in October. Strong demand for freight capacity continued in October, although total freight tonnes declined 26.2% yoy (up 7.2% mom).

In October, 86.9% of all Finnair flights arrived on schedule (85.5%).

The traffic statistics for November 2022 will be published on Wednesday 7 December 2022.

Finnair traffic performance October 2022
Month % change course of the year % change
total traffic
passengers 1,000 866.9 100.1 7,512.2 326.2
Available seat kilometers million 2,807.7 71.2 25,920.6 243.2
Revenue passenger kilometers million 2,039.7 166.9 17,278.4 501.2
seat load factor % 72.6 26.1p 66.7 28.6p
total freight tons 9,852.8 -26.2 101,839.6 32.8
Available tonne-kilometres Mill 386.0 20.8 3,799.0 111.8
Turnover tonne-kilometres million 242.0 46.1 2.203.1 168.0
Asia
Passengers 1,000 Asia 75.3 561.2 557.5 864.1
Available seat kilometers in Asia 764.2 53.9 6,966.3 147.8
Revenue passenger kilometers in Asia 561.5 549.7 4,186.0 860.7
Passenger load factor % Asia 73.5 56.1p 60.1 44.6p
Europe
Passengers 1,000 Europe 631.3 83.0 5,364.2 339.7
Available seat kilometers in Europe 1,389.2 89.7 11,890.6 303.0
Revenue passenger kilometers in Europe 1,083.9 86.1 8,907.0 377.6
Seat load factor % Europe 78.0 -1.5 p 74.9 23.7p
North Atlantic
Passengers 1,000 North Atlantic 44.2 502.2 468.4 1,099.1
Available seat kilometers in the North Atlantic 567.4 60.8 6.111.9 352.3
Revenue from passenger kilometers in the North Atlantic 331.9 521.1 3,509.7 1,134.3
Passenger load factor % North Atlantic 58.5 43.4p 57.4 36.4p
Domestic
Passengers 1,000 domestic 116.1 66.8 1.122.1 151.7
Available seat kilometers Mill Domestic 86.8 49.6 951.7 116.3
Turnover passenger-kilometres million domestic 62.4 49.1 675.7 133.7
Passenger Load Factor % Domestic 71.8 -0.2 p 71.0 5.3p
freight traffic
Europe tons 2,410.6 301.3 18,775.1 680.4
North Atlantic Tons 2,393.6 -0.5 27,857.6 221.6
Asia tons 4,998.9 0.9 45,918.5 59.5
Domestic Tons 31.1 -7.6 290.4 3.3
Total freight plan traffic tons 9,834.2 23.0 92,841.6 131.3
cargo flights tons** 18.6 -99.7 8,998.0 -75.4
Total freight traffic tons 9,852.8 -26.2 101,839.6 32.8
Available tonne-kilometres* million 102.1 -15.3 1,068.1 50.9
Turnover tonne-kilometres million 59.8 -38.8 659.7 16.5
Available schedule. freight tons km* million 101.9 37.3 979.1 163.6
revenue plan. freight tonne kilometers 59.7 4.8 591.7 105.7
Freight Load Factor* % 58.5 -22.5 p 61.8 -18.2p
– North Atlantic Freight Load Factor* % 52.9 -22.2p 56.5 -13.7 p
– Freight load factor Asia* % 77.7 -8.3 p 73.4 -12.2p
Load factor scheduled services* % 58.7 -18.2p 60.4 -17.0p

* Based on average operational freight capacity

** Including purchased traffic

  • Change %: Change from the figures for the respective periods of the previous year (p = points, N/A = not available).
  • Available seat kilometers. ASK: Total number of seats available multiplied by kilometers flown.
  • passenger kilometers taken. RPK: Number of passengers carried multiplied by kilometers flown.
  • Seat load factor: Revenue passenger-kilometres as a percentage of available seat-kilometres.
  • Available ton kilometre. ATK: Number of tons of capacity for passenger transport, Freight and mail multiplied by kilometers flown.
  • sales ton kilometre. RTK: Total revenue burden consisting of passengers, Freight and mail multiplied by kilometers flown.
  • Total load factor: Share of tonne-kilometres sold in relation to available tonne-kilometres.
Finnair Plc Investor News November 8, 2022 at 9:00 am EET

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