The ongoing coronavirus COVID-19 pandemic had a massive effect on the operational performance of the Helsinki based Finnair during April.
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| Three Finnair aircraft with engine covers in temporary hibernation due to COVID-19 Photo Finnair |
The airline carried 16,100 passengers during the month, some 98.7% lower than in the same month last year. European traffic was down by just over 96% whereas North American traffic was down by 100% as travel bans and restrictions were introduced and enforced.
Full details of the carrier's performance in April:
In April, Finnair carried 16,100 passengers which is 98.7% less than in the corresponding period of 2019. The overall capacity measured in Available Seat Kilometres (ASK) decreased in April by 97.0%. Finnair's traffic measured in Revenue Passenger Kilometres (RPKs) decreased by 99.1%. The Passenger Load Factor (PLF) decreased year-on-year by 57.5% points to 23.9%. All traffic figures were heavily impacted by the significant coronavirus related capacity reductions, which were visible especially in the North Atlantic figures as there were no flights to North America in April.
The ASK decline in Asian traffic was 99.4%. The North Atlantic capacity decreased by 100.0%. In European traffic, the ASKs were down by 93.2%. The ASKs in domestic traffic decreased by 96.1%.
RPKs decreased in Asian traffic by 99.4%, in North Atlantic traffic by 100.0%, in European traffic by 98.5% and in domestic traffic by 98.7%.
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| Two Finnair aircraft parked next to an icy runway, in temporary hibernation photo Finnair |
The PLF was 82.7% in Asian traffic, 17.5% in European traffic and 21.9% in domestic traffic, whereas there was no PLF figure in the North Atlantic traffic due to zero flights in April.
Passenger numbers decreased in Asian traffic by 99.3%, in North Atlantic traffic by 100.0%, in European traffic by 98.4% and in domestic traffic by 98.8%.
Available scheduled cargo tonne-kilometres decreased by 99.2% year-on-year and revenue scheduled cargo tonne-kilometres decreased by 99.5%, both due to the coronavirus impact. However, cargo related available tonne kilometres decreased by 88.7% and revenue tonne-kilometres decreased by 85.5% and they include also the cargo-only flights operated primarily between Asia and Europe. Finnair operated 124 (one-way) cargo-only flights in April.
In April, 95.9% of all Finnair flights arrived on schedule (82.5%).
Traffic statistics for May 2020 will be published on Friday 5 June 2020.
| Finnair Traffic Performance April 2020 | ||||
| Month | % Change | YTD | % Change | |
| Total traffic | ||||
| Passengers 1,000 | 16.1 | -98.7 | 2,671.6 | -38.9 |
| Available seat kilometres mill | 117.0 | -97.0 | 9,787.8 | -32.9 |
| Revenue passenger kilometres mill | 27.9 | -99.1 | 7,050.8 | -39.0 |
| Passenger load factor % | 23.9 | -57.5p | 72.0 | -7.1p |
| Cargo tonnes total | 1,936.8 | -86.4 | 32,029.0 | -38.2 |
| Available tonne kilometres mill | 60.8 | -89.3 | 1,482.6 | -30.8 |
| Revenue tonne kilometres mill | 15.6 | -95.9 | 832.9 | -38.8 |
| Asia | ||||
| Passengers 1,000 Asia | 1.4 | -99.3 | 466.9 | -41.7 |
| Available seat kilometres mill Asia | 11.0 | -99.4 | 4,684.8 | -36.3 |
| Revenue passenger kilometres mill Asia | 9.1 | -99.4 | 3,577.4 | -41.2 |
| Passenger load factor % Asia | 82.7 | -0.1p | 76.4 | -6.3p |
| Europe | ||||
| Passengers 1,000 Europe | 12.3 | -98.4 | 1,527.9 | -40.0 |
| Available seat kilometres mill Europe | 99.8 | -93.2 | 3,669.1 | -30.8 |
| Revenue passenger kilometres mill Europe | 17.5 | -98.5 | 2,474.6 | -38.9 |
| Passenger load factor % Europe | 17.5 | -63.5p | 67.4 | -9.0p |
| North Atlantic | ||||
| Passengers 1,000 North Atlantic | 0.0 | -100.0 | 82.2 | -30.1 |
| Available seat kilometres mill North Atlantic | 0.0 | -100.0 | 847.0 | -23.5 |
| Revenue passenger kilometres mill North Atlantic | 0.0 | -100.0 | 644.6 | -28.2 |
| Passenger load factor % North Atlantic | N/A | N/A | 76.1 | -5.0p |
| Domestic | ||||
| Passengers 1,000 Domestic | 2.4 | -98.8 | 594.5 | -34.8 |
| Available seat kilometres mill Domestic | 6.3 | -96.1 | 587.0 | -29.1 |
| Revenue passenger kilometres mill Domestic | 1.4 | -98.7 | 354.2 | -31.7 |
| Passenger load factor % Domestic | 21.9 | -45.2p | 60.3 | -2.2p |
| Cargo Traffic | ||||
| Europe tonnes | 122.5 | -95.7 | 6,902.3 | -32.0 |
| North Atlantic tonnes | 0.0 | -100.0 | 2,513.2 | -22.5 |
| Asia tonnes | 31.2 | -99.7 | 20,716.3 | -45.8 |
| Domestic tonnes | 12.4 | -74.8 | 126.5 | -37.8 |
| Cargo scheduled traffic total tonnes | 166.1 | -98.8 | 30,258.4 | -41.6 |
| Cargo flights, tonnes** | 1,770.7 | 100.0 | 1,770.7 | 100.0 |
| Cargo Traffic tonnes total | 1,936.8 | -86.4 | 32,029.0 | -38.2 |
| Available tonne kilometres* mill | 18.1 | -88.7 | 380.4 | -32.8 |
| Revenue tonne kilometres mill | 13.1 | -85.5 | 202.2 | -38.5 |
| Available sched. cargo tonne kms*, mill | 1.3 | -99.2 | 363.5 | -35.8 |
| Revenue sched. cargo tonne kms, mill | 0.5 | -99.5 | 189.6 | -42.3 |
| Cargo load factor* % | 72.3 | 15.7p | 53.2 | -4.9p |
| - North-Atlantic cargo load factor* % | N/A | N/A | 66.1 | 11.1p |
| - Asia cargo load factor* % | 75.9 | 13.8p | 55.8 | -8.1p |
| Scheduled traffic Cargo load factor*, % | 36.8 | -19.8p | 52.1 | -5.9p |
* Operational calculatory capacity
** Including purchased traffic
- Change %: Change compared to the figures of the respective periods in the previous year (p = points).
- Available seat kilometres. ASK: Total number of seats available. multiplied by the number of 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.
- Overall load factor: Share of revenue tonne-kilometres of available tonne-kilometres.
There will be many if the airline's staff that will baulk at the remuneration package for board members of the carrier, set to be discussed at the next annual general meeting, scheduled for 29th May. The State of Finland, which owns 55.8% of the carrier and votes, proposes `the annual remuneration of the members of the Board of Directors shall be as follows:
Chairperson EUR 63,000;
Vice Chairperson EUR 32,700;
Chairpersons of the Audit Committee and People and Remuneration Committee EUR 32,700, where these individuals are neither the Chairperson nor the Vice Chairperson of the Board of Directors; and
Other members of the Board of Directors EUR 30,300 per year.
The State of Finland proposes also that each member’s fee for a meeting of the Board of Directors or its Committee would be 600 euros when the meeting takes place in the member’s country of residence and 2,400 euros for other meetings. For telephone meetings, the fee would be 600 euros. The members would be entitled to reimbursement of reasonable travel and representation expenses in accordance with the company’s general expenses policy, and the members and their spouses would be entitled to discounted travel on the company’s flights in accordance with the company’s discount ticket policy regarding the Board of Directors.
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