SAS Group pax up 2.4%, yields expected to remain down

SAS Group passenger numbers up 2.4% - traffic highlights in May-2010:

• Passenger numbers: 2.3 million, +2.4% year-on-year;
  • Scandinavian Airlines: 2.0 million, +2.4%;
  • Widerøe: 167,000, -3.2%;
  • Blue1: 146,000, +10.4%;
• Passenger load factor: 75.6%, +4.1 ppts;
  • Scandinavian Airlines: 76.5%, +4.5 ppts;
  • Widerøe: 60.6%, -2.5 ppts;
  • Blue1: 69.5%, +2.8 ppts;
• Apr-2010:
  • Scandinavian Airlines yield*: -6.6%;
  • Scandinavian Airlines revenue per ASK: -11.8%. [more]

*Currency adjusted

SAS Group: "The currency adjusted yield for Scandinavian Airlines in April 2010 was down by 6.6%. Due to the negative load factor in April following the closure of the traffic due to the ash cloud, RASK was down by 11.8%. The yield outlook for May indicate yield (change) better or in line with April," Company statement. Source: SAS Group, 07-Jun-2010.