Finnair has shared that air transfers account for two-thirds of flown ticket revenue. Furthermore, the Nordic carrier also stated that three-quarters of its total transfer traffic comes from Asia.
Strong year for Asian operations
In a presentation from Finnair’s Capital Markets Day, the airline gave a summary of its financials in the 12 months between quarter four 2018 and quarter three 2019. One of the key points that it showcased was Asia’s importance to not only Finnair’s revenues but to Helsinki Airport’s operations. The document states that Helsinki’s geographical position connects 14.3 million passengers to the eastern continent.
A previous investor report also shows that the airline had a record summer, with over 104 weekly flights to the region.
The firm says that maintaining stable operations with Japan has contributed to this success. However, there has been a slow down in demand in another busy Asian region, which is Hong Kong. Nonetheless, Finnair is not the only airline to have suffered in regards to this location.
Last month, Qantas announced that protests in Hong Kong had set the carrier back by $25 million. Like Qantas, Finnair may have also suffered due to disputes between China and the United States.
With reasonable and direct flights to these popular destinations, Helsinki is becoming an essential hub for transfers to Asia, much like Doha and Dubai. Trips to the Finnish capital are easy to catch across Europe, while the city itself offers an attractive spot for a layover before heading off on the second leg.
Finnair recognizes the importance of this market and is looking to capitalize on the demand heading into the new year. This month, it will be adding flights to the recently-opened Beijing Daxing to its schedule. Additionally, the South Korean city of Busan will also be part of its operations in March 2020.
Highlighting the significance of Japan, services to the strange city of Sapporo will launch in the following month. Furthermore, it will add Tokyo Haneda to its list of destinations in March 2020. These plans also run in line with the launch of the 2020 Summer Olympics in Tokyo. Many other airlines are also revising schedules to meet the expected demand.
Focus on growth
As part of its closing remarks, Finnair says that it wants to concentrate on sustainable, profitable growth while connecting Europe with Asian megacities. While achieving this, it seeks to continue investing in its fleet to boost efficiency and reduce its carbon footprint.
Simple Flying reached out to Finnair regarding its plans for Asia in 2020 but didn’t hear back before publication. We will update the article with any further announcements.
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