Finnair falls by 16% in July

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Finnair Airbus A350 eXtraWideBody

Finnair Cargo’s tonnage fell by 16.2 per cent in July, echoing the airline’s year to date performance, which saw tonnage slip by 16 per cent.

Changes to the airline’s cargo operation are reflected in its latest results.

Finnair says: “The overall cargo figures reflect a structural change from the comparison period, as Finnair withdrew from the use of leased NGA [Nordic Global Airlines] freighter aircraft capacity in Asian traffic. In July, the cargo traffic consisted almost entirely of belly cargo on scheduled flights.”

In July, the cargo capacity in scheduled traffic, measured in available tonne kilometres, grew by 8.9 per cent. Revenue tonne kilometres fell by 4.1 per cent year on year.

The cargo load factor in scheduled traffic was 56.3 per cent. Europe saw the most significant changes. Tonnage in July fell by 19.6 per cent year on year. It fell by 4.9 per cent in Asia and by 8.9 within Finland, in the same period. Finnair’s best region was the North Atlantic, where tonnage in July rose by 23.3 per cent, but it is down 0.8 per cent for the year to date.