SAS Group pax up 2.1% in Mar-2010, Scandinavian Airlines yield down 11% in Feb-2010

SAS Group passenger numbers up 2.1% - consolidated traffic highlights in Mar-2010:

• Passenger numbers: 2.2 million, +2.1% year-on-year;
  • Scandinavian Airlines: 1.9 million, +2.2%;
  • Blue1: 138,000, +2.8%;
  • Widerøe: 179,000, -0.3%;
• Passenger load factor: 73.1%, +8.6 ppts;
  • Scandinavian Airlines: 74.1%, +9.0 ppts;
  • Blue1: 65.3%, +7.2 ppts;
  • Widerøe: 59.6%, +3.0 ppts;
• Feb-2010 yield*:
  • Scandinavian Airlines: -10.5%;
• Feb-2010 revenue per ASK:
  • Scandinavian Airlines: -0.7%. [more]

*Currency adjusted

SAS Group: "The currency adjusted yield for Scandinavian Airlines in February 2010 was down by 10.5% and RASK was down 0.7% due to the improvement of the load factor. It should however be noted that the yield was positive during last year mainly due to higher fuel surcharges imposed in early 2009. For March 2010, the change in yield is also expected to be negative. The market continues to be unpredictable and the uncertainty regarding the timing of a recovery is considerable," Company statement. Source: SAS Group, 09-Apr-2010.