SAS Group pax numbers up 7% to 2.0m in Feb-2016, preliminary yield declines in Feb-2016

SAS Group reports (08-Mar-2016) the following traffic* highlights for Feb-2016:

• Passenger number: 2.0 million, +7.4% year-on-year;
• Passenger load factor: 63.1%, -3.6 ppts.
• Feb-2016:
• • Preliminary yield: -9.0%;
  • Preliminary passenger revenue per ASK: -14.0%. [more - original PR]

SAS: "Demand has been positive in Scandinavia during 2015 and in the beginning of 2016. Overall market capacity has gradually started to increase during the last months and this trend is expected to continue, primarily on international routes. Despite a very intensive competition coupled with a struggling oil industry. It is satisfactory to note a positive development within the domestic segment. Market demand for European leisure routes as well as long haul traffic continue to grow." Source: Company statement, 08-Mar-2016.