Finnair sees sliding passenger numbers, strong cargo growth in March

Finnish national carrier Finnair said on Wednesday its passenger numbers fell over 80 percent year-on-year in March, but cargo growth was very strong, especially in its Asian traffic.

Finnair said that the COVID-19 pandemic and strict travel restrictions imposed by several countries affected all of the airline’s passenger traffic figures.

In March, Finnair carried 86,300 passengers, 82.7 percent less than one year earlier. The company’s passenger numbers plunged in Asian traffic by 96.2 percent, in North Atlantic traffic by 99.2 percent, in European traffic by 85.5 percent, and in domestic traffic by 65.1 percent.

However, thanks to the strong demand for cargo capacity, especially in Asian traffic, Finnair’s cargo-only tons in March increased by 36.9 percent.

According to its financial report published in February, the airline’s revenue in 2020 was down by 73.2 percent compared with a year ealier due to the impact of the COVID-19 pandemic, and its operating loss was as high as 595 million euros (around 702 million U.S. dollars).

Finnair’s CEO said in the financial report that Finnair remained committed to its Asian strategy.