SAS Group passenger numbers down 6%; yield down 11.3%

SAS Group passenger numbers down 6% - traffic highlights in Nov-2009:

• Passenger numbers: 2.1 million, -6.4% year-on-year;
  • Scandinavian Airlines: 1.8 million, -7.7%;
  • Wideroe: 180,000, +4.1%;
  • Blue1: 126,000, -1.6%;
• Passenger load factor: 67.2%, +1.7 ppt;
  • Scandinavian Airlines: 67.9%, +1.5 ppt;
  • Wideroe: 59.9%, 2.8 ppts;
  • Blue1: 61.3%, +4.6 ppts. [more]

SAS: "The yield for Scandinavian Airlines in October was down by 11.3 %. For November 2009, the change in yield is also expected to be negative indicating continued yield pressure going forward. This development will have a negative impact on the full year result. The market continues to be unpredictable and the uncertainty regarding the timing of the recovery is considerable," Source: Company statement, 07-Dec-2009.