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SAS Group reports operating loss in 1QFY2013, pax numbers stable

11-Mar-2013 3:20 PM

SAS Group revenue up 3.2% – financial highlights for the 3 months ended Jan-2013:

  • Revenue: SEK9597 million (EUR1454 million), +3.2% year-on-year;
  • Operating profit/loss: (SEK581 million) (EUR88 million), compared to a loss of SEK964 million (EUR146 million) in p-c-p;
  • Net profit/loss: (SEK630 million) (EUR95 million), compared to a loss of SEK2541 million EUR385 million in p-c-p;
  • Passenger numbers: 6.1 million, +0.2%;
  • Passenger load factor: 67.6%, -0.3 ppt;
  • Capacity (ASKs): +4.8%;
  • Yield:
    • Scandinavian Airlines^: +1.6%;
    • Wideroe: +0.1%;
  • RASK:

*Based on the average conversion rate at EUR1 = SEK6.5995
**SAS Cargo and Blue1 units are integrated with Scandinavian Airlines
^currency adjusted

SAS Group: “We continue to anticipate a negative RASK and yield trend, but on the condition that no unexpected external events occur, and jet-fuel prices remain at their current stable level, the SAS Group deems that a positive EBIT margin, exceeding 3%, and a positive EBT is possible to achieve for the full-year 2012/2013.” Source: Company statement, 08-Mar-2013