Cargo traffic volumes remain firm at Viking Line
While the ongoing pandemic has caused a serious deterioration in Viking Line’s operating conditions, cargo traffic is continuing. Backed by Finland’s National Emergency Supply Agency’s decision to aid cargo traffic to ensure supply security, four of the group’s vessels are serving the Turku – Långnäs (Åland) – Stockholm, Mariehamn - Kapellskär and Helsinki – Tallinn routes.
Viking Line’s three other vessels are not in service. While current cargo traffic generates revenue for each vessel to cover variable costs and a portion of fixed costs, it does not generate positive operating income for the vessels in service. TheQ1/2020 consolidated turnover of the Viking Line group amounted to EUR 75 million (EUR 95.8 million in Q1/2019). Operating income was negative, totalling EUR -21.5 million (EUR -14.2 million). Nevertheless, cargo revenue remained virtually stable at EUR 11.3 million (EUR 12.3 million). (mw)