Finnair: Over one million passengers and slight decline in passenger load factor year-on-year in June 2024
In June, Finnair increased passenger numbers by 9.4% and capacity by 9.2%, with notable growth in Asian and North Atlantic routes. Despite expanded services, the Passenger Load Factor slightly declined.
The article Finnair: Over one million passengers and slight decline in passenger load factor year-on-year in June 2024 first appeared in TravelDailyNews International.
In June, Finnair carried 1,090,600 passengers. This was 9.4% more than in June 2023. The overall capacity, measured in Available Seat Kilometres (ASK), increased in June by 9.2% year-on-year as additional narrow-body capacity was deployed by Finnair after the wet lease outs to British Airways ended in March 2024. If wet lease outs are included, capacity increased by 11.2% due to the co-operation with Qantas. Finnair’s traffic, measured in Revenue Passenger Kilometres (RPKs), increased by 8.2%. The Passenger Load Factor (PLF) declined by 0.7% points to 80.0%. The distance-based reported traffic figures do not take into account longer routings caused by the airspace closure as they are based on Great-Circle distance in accordance with the industry practice.
The ASKs in Asian traffic were up by 6.1% year-on-year due to added capacity to Japan. In North Atlantic ASKs increased by 16.4% due to added frequencies to Dallas and Chicago. In European traffic, the ASKs were up by 12.3% as majority of the increase in narrow-body capacity was allocated to Europe. The Middle Eastern capacity declined by 7.0% mainly due to cancelled flights to Israel. The ASKs in domestic traffic increased by 11.3% due to the additional narrow-body capacity.
RPKs increased in Asian traffic by 6.5% year-on-year. They increased by 17.9% in North Atlantic traffic, by 9.5% in European traffic and by 2.0% in domestic traffic whereas they decreased by 7.1% in Middle Eastern traffic.
In June, the PLF was 77.7% in Asian traffic, 83.8% in North Atlantic traffic, 81.9% in European traffic, 74.1% in Middle Eastern traffic and 69.3% in domestic traffic.
Passenger numbers increased by 6.1% in Asian traffic, by 12.0% in European traffic and by 16.1% in North Atlantic traffic. They decreased by 8.8% in Middle Eastern traffic and by 0.7% in domestic traffic.
In June, 75.7% of all Finnair flights arrived on schedule (82.0%). The on-time performance decline was due to the closure of one of the runways at Helsinki Airport for renovation work.
Traffic statistics for July 2024 will be published on Thursday 8 August 2024.
| Finnair Traffic Performance June 2024 | ||||
| Month | % Change | YTD | % Change | |
| Total traffic | ||||
| Passengers 1,000 | 1,090.6 | 9.4 | 5,522.7 | 1.9 |
| Available seat kilometres mill | 3,379,7 | 9.2 | 18,722.8 | 5.4 |
| Revenue passenger kilometres mill | 2,702.5 | 8.2 | 13,752.9 | 2.3 |
| Passenger load factor % | 80.0 | – 0.7p | 73.5 | – 2.3p |
| Cargo tonnes total | 12,894.8 | 6.9 | 71,878.0 | 10.7 |
| Available tonne kilometres mill | 488.7 | 9.8 | 2,740.2 | 7.3 |
| Revenue tonne kilometres mill | 317.1 | 7.8 | 1,657.8 | 3.9 |
| Available seat kilometres incl. wet lease out mill | 3,596.5 | 11.2 | 19,980.3 | 6.0 |
| Asia | ||||
| Passengers 1,000 | 113.6 | 6.1 | 638.2 | 0.8 |
| Available seat kilometres mill | 1,102.0 | 6.1 | 6,814.5 | 7.6 |
| Revenue passenger kilometres mill | 856.7 | 6.5 | 4,938.1 | 3.8 |
| Passenger load factor % | 77.7 | 0.2p | 72.5 | – 2.7p |
| Europe | ||||
| Passengers 1,000 | 787.8 | 12.0 | 3,553.1 | 4.6 |
| Available seat kilometres mill | 1,538.3 | 12.3 | 7,588.2 | 9.2 |
| Revenue passenger kilometres mill | 1,259.7 | 9.5 | 5,687.8 | 2.8 |
| Passenger load factor % | 81.9 | – 2.1p | 75.0 | – 4.6p |
| North Atlantic | ||||
| Passengers 1,000 | 47.4 | 16.1 | 191.8 | – 0.6 |
| Available seat kilometres mill | 434.6 | 16.4 | 2,030.2 | – 5.0 |
| Revenue passenger kilometres mill | 364.3 | 17.9 | 1,499.2 | 1.8 |
| Passenger load factor % | 83.8 | 1.1p | 73.8 | 4.9p |
| Middle East | ||||
| Passengers 1,000 | 36.5 | – 8.8 | 232.6 | – 6.9 |
| Available seat kilometres mill | 223.1 | – 7.0 | 1,450.9 | – 6.7 |
| Revenue passenger kilometres mill | 165.3 | – 7.1 | 1,055.0 | – 4.9 |
| Passenger load factor % | 74.1 | – 0.1p | 72.7 | 1.4p |
| Domestic | ||||
| Passengers 1,000 | 105.3 | – 0.7 | 907.0 | – 4.3 |
| Available seat kilometres mill | 81.6 | 11.3 | 838.9 | 6.2 |
| Revenue passenger kilometres mill | 56.6 | 2.0 | 572.8 | – 1.1 |
| Passenger load factor % | 69.3 | – 6.3p | 68.3 | – 5.0p |
* Including purchased traffic
- Change %: Change compared to the figures of the respective periods in the previous year (p = points, N/A = not available).
- Available seat kilometres. ASK: Total number of seats available multiplied by kilometres flown.
- Revenue passenger kilometres. RPK: Number of revenue passengers carried multiplied by kilometres flown.
- Passenger load factor: Share of revenue passenger kilometres of available seat kilometres.
- Available tonne kilometres. ATK: Number of tonnes of capacity for carriage of passengers, cargo and mail multiplied by kilometres flown.
- Revenue tonne kilometres. RTK: Total revenue load consisting of passengers, cargo and mail multiplied by kilometres flown.
The article Finnair: Over one million passengers and slight decline in passenger load factor year-on-year in June 2024 first appeared in TravelDailyNews International.