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Finnair Mar-2011 load factors crumble

Analysis

Finnair's Mar-2011 traffic has been heavily affected by the disaster in Japan, with load factors down 9 percentage points on this time last year. Overall, passenger traffic rose 1.1%, thanks in part to double-digit growth in domestic traffic. Traffic to/from Asia was up 1.6%, but European traffic matched 2010 levels, due to a fall in feeder traffic.

 Finnair traffic highlights in Mar-2011:

  • Passenger numbers: 691,800, +1.1% year-on-year;
  • Passenger load factor: 72.4%, -9.0 ppts;
  • Cargo volume: 12,862 tonnes, +39%;
  • Cargo load factor: 65.3%, -10.8 ppts. 

Finnair shares traded 0.5% lower on Tuesday.

In general, European airline shares were moderately stronger, although Dart Group, owner of Jet2.com, was the major exception, falling 4.2%.

International Airline Group shares lead the day, up 4.5%, while easyJet rose 4.3% and Aer Lingus shares were 4.2% stronger.

Selected European airline share price movements (% change): 12-Apr-2011

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