Business travel spending worldwide is projected to reach an all-time high of $1.48 trillion by the end of 2024, surpassing pre-pandemic levels for the first time, the Global Business Travel Association (GBTA) said Monday.
12.07.2024 - 17:46 / traveldailynews.com / Vicky Karantzavelou
In June, Finnair increased passenger numbers by 9.4% and capacity by 9.2%, with notable growth in Asian and North Atlantic routes. Despite expanded services, the Passenger Load Factor slightly declined.
In June, Finnair carried 1,090,600 passengers. This was 9.4% more than in June 2023. The overall capacity, measured in Available Seat Kilometres (ASK), increased in June by 9.2% year-on-year as additional narrow-body capacity was deployed by Finnair after the wet lease outs to British Airways ended in March 2024. If wet lease outs are included, capacity increased by 11.2% due to the co-operation with Qantas. Finnair’s traffic, measured in Revenue Passenger Kilometres (RPKs), increased by 8.2%. The Passenger Load Factor (PLF) declined by 0.7% points to 80.0%. The distance-based reported traffic figures do not take into account longer routings caused by the airspace closure as they are based on Great-Circle distance in accordance with the industry practice.
The ASKs in Asian traffic were up by 6.1% year-on-year due to added capacity to Japan. In North Atlantic ASKs increased by 16.4% due to added frequencies to Dallas and Chicago. In European traffic, the ASKs were up by 12.3% as majority of the increase in narrow-body capacity was allocated to Europe. The Middle Eastern capacity declined by 7.0% mainly due to cancelled flights to Israel. The ASKs in domestic traffic increased by 11.3% due to the additional narrow-body capacity.
RPKs increased in Asian traffic by 6.5% year-on-year. They increased by 17.9% in North Atlantic traffic, by 9.5% in European traffic and by 2.0% in domestic traffic whereas they decreased by 7.1% in Middle Eastern traffic.
In June, the PLF was 77.7% in Asian traffic, 83.8% in North Atlantic traffic, 81.9% in European traffic, 74.1% in Middle Eastern traffic and 69.3% in domestic traffic.
Passenger numbers increased by 6.1% in Asian traffic, by 12.0% in European traffic and by 16.1% in North Atlantic traffic. They decreased by 8.8% in Middle Eastern traffic and by 0.7% in domestic traffic.
In June, 75.7% of all Finnair flights arrived on schedule (82.0%). The on-time performance decline was due to the closure of one of the runways at Helsinki Airport for renovation work.
Traffic statistics for July 2024 will be published on Thursday 8 August 2024.
* Including purchased traffic
Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales.
She has many years of both academic and industrial experience
Business travel spending worldwide is projected to reach an all-time high of $1.48 trillion by the end of 2024, surpassing pre-pandemic levels for the first time, the Global Business Travel Association (GBTA) said Monday.
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