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8-Apr-2016 2:52 PM

SAS Group pax down 6%, load factor also decline in Mar-2016. Double-digit yield decline

SAS Group reported (07-Apr-2016) the following traffic* highlights in Mar-2016:

  • Passenger numbers: 2.3 million, -5.9% year-on-year;
    • Scheduled: 2.3 million, -6.1%;
    • Charter: 56,000, +4.9%;
  • Passenger traffic (RPKs):
    • Scheduled: +4.0%;
      • Intercontinental: +15.8%;
      • Europe/Intrascandinavia: +3.4%;
      • Domestic: -12.7%;
  • Passenger load factor: 72.3%, -2.0 ppts;
    • Scheduled: 71.4%, -2.0 ppts;
    • Charter: 91.9%, -0.4 ppt;
  • Yield: SEK0.92 (EUR 9.90 cents), -17%;
  • Passenger revenue per ASK: SEK0.66 (EUR 7.11 cents), -19%. [more - original PR]

SAS: "In response to the growing demand, SAS is increasing its intercontinental capacity by about 25% during fiscal year 2015/2016 through new routes and frequencies already announced. Also, until April 2016 larger aircraft will replace phased out Boeing 717 primarily in Sweden. Overall, this will result in a longer average stage length with subsequent effect on the yield/PASK and contribute to an expected scheduled capacity growth of 10% during 2015/2016. Excluding the intercontinental expansion, capacity growth is about 1%." Source: Company statement, 07-Apr-2016.

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