In the third quarter of the year (July – September) the company transported a total 1,715,496 passengers, which is a 3.4% decrease compared to Q3 2023 (1,775,821 passengers in Q3 2023). The number of transported cargo units decreased in Q3 2024 by 11.7% compared to the same period in 2023 and totalled 66,865 units (75,701 units in Q3 2023).  The number of passenger vehicles carried in Q3 2024 also decreased, by 8.3%, compared to the same period last year and totalled 250,810 vehicles (273,514 vehicles in Q3 2023).

Commenting on the statistics, Paavo Nõgene, CEO of Tallink Grupp said:

“The passenger numbers of one of the key quarters for our business are a sign of the current times and are, considering the low consumer confidence at a time of increasing prices and economic uncertainties, to be expected. On the positive note, September delivered better results than anticipated, while the summer month August could have been somewhat better. But overall, the picture we are seeing, is the picture we anticipated.

“A positive trend that we noticed during the summer is the return and increase of international passengers to the Baltic Sea after many years of really low international passenger numbers. So, while passenger numbers from our home markets remain under pressure due to economic challenges, it is pleasing that the numbers of passengers from further afield are again on the rise, especially from Asian countries.

“The overall economic environment is waiting for any positive news and developments from our key expert markets, which would have a positive impact on the cargo transport segment. “

© Shippax