Finnair’s traffic performance still weak in November but strong month for cargo

Finnair ©AirTeamImages

In November, Finnair carried 85,000 passengers, which was 92.2% less than in the corresponding period of 2019, and 15.6% less than in October 2020. The COVID-19 impact, including the exceptionally strict travel restrictions imposed by Finland, still affected all passenger traffic figures. It was visible especially in the North Atlantic figures (no scheduled flights in November).

The overall capacity (ASK) decreased in November by 88.9% year-on-year. Finnair operated 81 daily flights (cargo-only included) on average, which was 23.4%. The differences between capacity figures are explained by the shorter operated flights on average and by smaller operated aircraft compared to November 2019.

Finnair’s traffic (RPKs) decreased by 96.3%. The Passenger Load Factor (PLF) decreased by 51.7% points to 25.4%. Available scheduled cargo ton kilometers decreased by 85.9% year-on-year and revenue scheduled cargo ton kilometers decreased by 80.4%, both due to the impact of the COVID-19 pandemic on scheduled flights.

However, cargo-related available ton kilometers decreased by 56.8% and revenue ton kilometers by only 38.8% as they both include cargo-only flights operated between Europe and Asia, as well as Europe and North America. Cargo-only tons were up by 124.1% and the total cargo tons by 54.0% from October 2020 due to a very strong demand for cargo capacity, especially in Asia. As a result, the cargo load factor was still clearly higher than in the corresponding period of 2019.

 [DD1]Up or down compared to November? Which is it.

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