Finnair sees capacity slip as Asian market falters

Finnair sees capacity slip as Asian market falters

In March, Finnair’s overall capacity decreased by 3.9 per cent year-on-year and traffic measured in Revenue Passenger Kilometres decreased by 5.4 per cent year-on-year.

Passenger load factor decreased by 1.2 percentage points and was 79 per cent.

The capacity in Asian traffic decreased by one per cent and the traffic measured in Revenue Passenger Kilometres decreased by 3.7 per cent year-on-year.

The capacity in European traffic increased by 1.5 per cent and the traffic measured in Revenue Passenger Kilometres grew by 5.4 per cent year-on-year.

In January-March, the passenger unit revenue per available seat kilometre fell by five per year-on-year and totalled 5.05 euro cents.

“Passenger unit revenue for the first quarter decreased year-on-year, mainly reflecting weaker performance in leisure and Asian traffic than in the comparison period in 2013.

“In the first quarter, the passenger unit revenue in Asian traffic was still impacted by the year-on-year depreciation of Japanese Yen,” said Finnair chief financial officer Erno Hildén.

In March, the capacity in Leisure traffic decreased by 27 per cent and traffic measured in Revenue Passenger Kilometres decreased by 31.3 per cent year-on-year.

In cargo, the overall capacity grew by 0.1 per cent and traffic measured in revenue tonne kilometres grew by six per cent year-on-year.

Cargo load factor improved by 3.8 percentage points from last year’s level and was 69.5 per cent.

Flight punctuality was very good in March 90.7 per cent of scheduled flights arrived on schedule (90.8).

Of all traffic, 90.2 per cent (89.6) of flights were on schedule.