Finnair reports Strong August 2008 Results

Finnair traffic, measured in passenger kilometres, increased by 9.3% in August 2008, while the capacity was up by 5%, resulting in a passenger load factor of 80.3% or 3.2 points higher than last year. Finnair transported altogether 723,312 passengers, which is 1.8% more than a year ago.

Finnair scheduled traffic increased by 7% compared to August 2007. The number of passengers carried on scheduled flights was 610,054, which is 0.9% less than in 2007. Passenger load factor in scheduled passenger traffic was 79%, 1.8 percentage points higher than last year.

Finnair’s Asian traffic grew 13.4% compared to August of the previous year. The number of passengers carried on Finnair’s Asian flights in August was 132,778, which is 13.8% more than a year ago. RPKs in European traffic decreased by 0.4% and passenger load factor increased by 0.6 percentage points to 71.1%.

Leisure flights’ passenger load factor increased by 11 percentage points to 87.5% compared to the previous year.

Arrival punctuality of Finnair flights was 85.2%, which is 2.7 percentage points higher than in August 2008. Arrival punctuality of scheduled flights went up 3.4 points and was 87.1%.

In scheduled international traffic, the total number of passengers was up by 3.4%. Capacity in ASKs was 5.7%, while RPKs increased by 7.9%.

In European scheduled traffic, ASKs decreased by 1.2%, and as RPKs decreased by 0.4%, the passenger load factor was 71.1%, up 0.6 points over the previous year.

In North Atlantic scheduled traffic, capacity was the same. Change in RPKs was 5.9%, and passenger load factor for was 91.7%, 5.1 points higher than the previous year.

In Asian scheduled traffic, the capacity increase was 11.4%. Passenger traffic was up by 13.4%. The passenger load factor was 84%, 1.4 percentage points up.

Domestic scheduled traffic decreased by 16% on a capacity decrease of 17.3%. Passenger load factor increased by 1 percentage point to 62.7%

ASKs for leisure traffic increased in August by 7.2%, and RPKs increased by 22.6%, resulting in a passenger load factor of 87.5%, 11 points higher than last year.

Cargo

Cargo traffic increased by 4% in terms of cargo tonnes carried. Growth in scheduled traffic was 6%. Increase in Asian traffic was 17%. Volume in European traffic decreased by 14.1%. In North-Atlantic traffic cargo volume decreased by 14.3%. Cargo traffic carried on chartered cargo flights decreased by 39.7%. The cargo load factor in the Far Eastern traffic was 67.8% and in the North Atlantic traffic 66.2%.

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