Fall in volumes at Finnair in first half of 2015

Cargo gets unloaded on a Finnair aircraft

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.