SAS Group pax numbers up 7% to 2.5m in May-2016, preliminary yield declines in May-2016

SAS Group reports (09-Jun-2016) the following traffic* highlights for May-2016:

• Passenger number: 2.5 million, +6.6% year-on-year;
• Passenger load factor: 73.4%, +1.2 ppts;
• Preliminary yield: -10.0%;
• Preliminary passenger revenue per ASK: -11.0%. [more - original PR]

SAS: "Demand has been positive in Scandinavia in the beginning of 2016. Demand for long haul traffic, European leisure routes and domestic routes continue to grow. At the same time, the overall Scandinavian market capacity has increased about 6-7% until May. Due to the high market capacity growth and lower jet fuel prices, the PASK and yield have declined more than anticipated." Source: Company statement, 09-Jun-2016.