SAS Traffic Figures - April 2020

Direct News Source

SAS’ scheduled capacity fell with nearly 95% compared to last year as a result of the ongoing COVID-19 pandemic. During April, only a limited network in Norway and Sweden was maintained.

“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
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%
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%
This press release was sourced from SAS on 08-May-2020.