"We continue to face challenging times that are radically impacting our business. Even though no one can foresee exactly how passenger demand will evolve in the coming months and years, it is clear that it will take a much longer time than previously anticipated. In our view, it will take until 2022 before demand starts to reach pre-COVID-19 levels.
"The current situation forces us to take all possible measures to reduce costs and preserve cash to be able to emerge from this crisis as a sustainable, profitable and vital part of Scandinavian infrastructure. Given the time it will take to ramp up production, we have unfortunately had to initiate processes to reduce the size of our future workforce by up to 5,000 full-time positions.
"As part of our ongoing work to safeguard our future, I'm grateful and pleased that we now have secured the SEK 3.3Bn revolving credit facility guaranteed by the states of Sweden and Denmark. This additional liquidity will, alongside our initiated cost reduction measures, give us the time needed explore further opportunities and financial support to safeguard our business," says Rickard Gustafson, CEO SAS.
| SAS scheduled traffic |
Apr20 |
Change1 |
Nov19- Apr20 |
Change1 |
| ASK (Mill.) |
203 |
-94.5% |
16 665 |
-23.9% |
| RPK (Mill.) |
54 |
-98.0% |
10 763 |
-28.8% |
| Passenger load factor |
26.6% |
-47.9 p.p. |
64.6% |
-4.5 p.p. |
| No. of passengers (000) |
94 |
-95.6% |
9,243 |
-26.8% |
| Geographical development, schedule |
Apr20 vs. Apr19 |
Nov19- Apr20 vs. Nov18-Mar19 |
| |
RPK |
ASK |
RPK |
ASK |
| Intercontinental |
-99.9% |
-99.4% |
-32.5% |
-26.4% |
| Europe/Intrascandinavia |
-99.4% |
-98.2% |
-28.1% |
-25.0% |
| Domestic |
-89.3% |
-73.2% |
-22.5% |
-16.2% |
| SAS charter traffic |
Apr20 |
Change1 |
Nov19- Apr20 |
Change1 |
| ASK (Mill.) |
30 |
-78.6% |
848 |
-17.3% |
| RPK (Mill.) |
9 |
-93.0% |
739 |
-20.7% |
| Load factor |
28.4% |
-57.8 p.p. |
87.2% |
-3.7 p.p. |
| No. of passengers (000) |
1 |
-96.7% |
242 |
-19.6% |
| SAS total traffic (scheduled and charter) |
Apr20 |
Change1 |
Nov19- Apr20 |
Change1 |
| ASK (Mill.) |
233 |
-93.9% |
17 513 |
-23.6% |
| RPK (Mill.) |
62 |
-97.8% |
11 503 |
-28.3% |
| Load factor |
26.8% |
-48.1 p.p. |
65.7% |
-4.3 p.p. |
| No. of passengers (000) |
95 |
-95.7% |
9,485 |
-26.6% |
1 Change compared to same period last year. p.p. = percentage points
| Preliminary yield and PASK |
Apr20 |
Nominal change |
FX adjusted change |
| Yield, SEK |
1.64 |
+66.5% |
+66.4% |
| PASK, SEK |
0.44 |
-40.6% |
-40.6% |
| |
|
|
|
| |
|
|
Apr20 |
| Punctuality (arrival 15 min) |
|
|
97.2% |
| Regularity |
|
|
96.1% |
| Change in total CO2 emissions, rolling 12 months |
|
|
-12.8% |
| Change in CO2 emissions per available seat kilometer |
|
|
-3.2% |
| Carbon offsetting of passenger related emissions |
|
|
24% |