Fall in volumes at Finnair in first half of 2015

Fall in volumes at Finnair in first half of 2015

Finnair saw its cargo volumes fall year-on-year (YOY) by 16 per cent for the first half of 2015, which it puts down to the structural change in its operations.

The Finnish carrier handled 61,904 tonnes in the first six months of the year, as its volumes continue to decline each month compared to 2014.

“The cargo overall figures reflect a structural change from the comparison period, as Finnair withdrew from the use of leased Nordic Global Cargo freighter aircraft capacity in Asian traffic,” Finnair says.

In June alone, the airline saw a 15 per cent YOY drop to 10,940 tonnes, which the airline says consisted of almost entirely of bellyhold cargo on scheduled flights.

June’s total was above May, when Finnair handled 10,301 tonnes, and April’s 10,233. It was below the yearly high in March of 11,299 tonnes, but up on February’s 9,785 and January’s 9,346.

In each month of 2015, the carrier has seen falls in cargo volumes, with every month except February registering double digit declines, compared to 2014.

For the first half of the year, Asia was the only region seeing a YOY tonnage rise, which was by 0.4 per cent to 39,106 tonnes. Cargo volumes to Europe fell YOY by 12.4 per cent to 10,308, to the North Atlantic by 4.4 per cent to 3,784 and domestic volumes saw a drop of 7.7 per cent to 828 tonnes.

After the first half of 2015, Finnair’s cargo capacity measured in available tonne kilometres fell YOY by 4.2 per cent to 676.1 million. In June it was 115.3 million, a YOY fall of 10.3 per cent.

The airline’s revenue tonne kilometres for the first six months of 2015 saw a YOY decline of 17 per cent to 370 million. In June alone, there was 14.7 per cent fall to 67 million.

From January to June, the load factor fell by 8.4 percentage points to 54.7 per cent. Every month of 2015 has seen the cargo load factor fall YOY.

In June, it was down three percentage points to 58.1 per cent, but it was the highest load factor the carrier has achieved this year.

Picture of James Graham

James Graham

James Graham is an award-winning transport media journalist with a long background in the commercial freight sector, including commercial aviation and the aviation supply chain. He was the initial Air Cargo Week journalist and retuned later for a stint as editor. He continues his association as editor of the monthly supplements. He has reported for the newspaper from global locations as well as the UK.

Newsletter

Stay informed. Stay ahead. To get the latest air cargo news and industry trends delivered directly to your inbox, sign up now!

related articles

Texel Air operates world’s first extended 737-800BCF EDTO 120 flight

Lootah Biofuels explores collaboration with Vietnam’s SAVICO

Raya Airways launches new route from Penang to Hong Kong

Wait...Before you go

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

Logo Air Cargo Week