Cimber Sterling pax up 11% in Jun-2010, May-2010 yield down 4%

Cimber Sterling passenger numbers up 11% - consolidated traffic highlights in Jun-2010:

• Passenger numbers: 245,299, +11% year-on-year;
• Load factor: 65%, -3 ppts;
• May-2010:
  • Revenue per ASK*: EUR 7.51 cents, stable;
  • Yield: EUR 12.07 cents, -4%. [more]

*Based on the conversion rate at EUR1 = DKK7.45391

Cimber Sterling: "The yield was DKK0.90 in May 2010, equivalent to a 4% decline compared with May 2009. A stabilisation was seen relative to the performance in previous months, and the periods have become more readily comparable. The yield for the domestic segment dropped by 24% in May-2010, which was partly offset by a 6 ppt increase in the load factor from 59% to 65%. The regional segment recorded a 5% drop in yield. Conversely, the yield for the leisure segment increased by 11%, whereas the load factor dropped by 6 ppts. This decline was primarily attributable to the start-up of leisure routes which have higher load factors on the first outbound flights than on the first return flights," Company statement. Source: Cimber Sterling, 06-Jul-2010.