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European Airlines

 
   
Finnair June Passenger Traffic, Load Factor Fall  
European Airlines  
   

In a statement made on Tuesday, Finnish National carrier said that the passenger number for its carriers hit record low in the month of June owing to the lack of demand caused by the global economic slowdown. Though the carrier operated more routes and planes in the month of June, the airline said the total number of passengers traveling in the scheduled flights declined by 2.5 percent.

Compared to last year, the total revenue of the airline per kilometer increased by about 5.3 percent to 1.79 billion in the month of June; whereas, the increase in the month of May was 6.3 percent. The overall passenger load factor of the airline fell by 3.6 percent working out to a total of 73.4 percent.

On the airline's Asia routes, the passenger load factor dropped by 6.9 percentage points working out to 69 percent. Notably, Asia routes are the spearhead of the expansion plans of the airline.

In a statement, the airline said, "Schedule arrangements and capacity cuts in long-haul traffic will be made to improve load factors. The changes will come into effect from the start of the winter schedule."

Earlier this month, the airline said it has plans to increase the sales and passenger numbers in the Asia - Europe connections in order to combat the pressure from record high fuel prices. On the other hand, last month Finnair made a proposal to reduce up to 500 jobs due to fall in demand and the record high fuel prices.