SAS continues to adapt its services to fulfil the desires of SAS travelers. From 4 October, SAS will be one of the few scheduled airlines in Europe to offer its travelers, in SAS Go, the opportunity to pre-order food for their journey, adapted to their dietary and lifestyle requirements, including vegetarian, vegan, gluten-free and lactose-free options.
• Scheduled traffic (RPK) increased 0.8% and the capacity (ASK) was up 2.7%.• The load factor decreased by 1.4 p.u. versus last year to 76.2%.• Scheduled number of passengers amounted to 2.6 million in September• The preliminary currency adjusted yield increased 1% and the PASK was down 1% in September 2017 vs. last year. The nominal yield was unchanged and the PASK was down 2% in September 2017 vs. last year.
Shareholders in SAS AB (publ) are hereby invited to attend the Extraordinary General Meeting on Friday 3 November 2017. The General Meeting will be held at 10:00 a.m. at the Company’s Head...
SAS AB seeking authorization for a potential directed share issue and intends to call for an Extraordinary General Meeting
In previously published interim reports, SAS AB (”SAS”) has announced that various alternative financing methods actively are being evaluated in order to reduce SAS’s financing costs. In accordance with this, SAS intends to call for an Extraordinary General Meeting, to be held on 3 November, with a proposal to authorize the Board of Directors to be able to resolve on issuing not more than 66 million common shares with disapplication of the shareholders’ preferential rights, corresponding to nearly 20 % of the total number of common shares in issue. SAS’s main shareholders are expected to support the Board of Directors’ proposal for an authorization. The Board has not resolved on utilizing a potential authorization, but would, pursuant to the evaluation of alternative financing methods, wish to have the possibility to pass such resolution if the market conditions and other conditions are favourable. SAS’s main shareholders have, provided that the proposal is approved by the Extraordinary General Meeting, stated that they will not sell any SAS shares during a period of 90 days from the date of a potential directed share issue, however not beyond the date of the next Annual General Meeting.
As part of its 20th Anniversary celebrations, Star Alliance ran an online competition offering 21 winners, one from each of the 21 Frequent Flyer Programmes (FFPs) of the member airlines, one million miles or equivalent* to be credited to their selected FFP account.
SAS is the first airline to fly direct from Scandinavia to Austin, Texas, for SXSW (South by Southwest), the world’s biggest festival for tech, film and music, which takes place 8–18 March.
PROACTIVE HELP FOR CUSTOMERS WITH TIGHT CONNECTIONS
SAS has now reached new agreements with the two Norwegian pilot associations NSF and SNF. The three-year agreement is in line with the agreements recently signed with the Swedish and Danish pilot...
SAS and DPF have now reached a new agreement. This sets out a continued common ambition to create a long-term profitable SAS. The agreement is in line with the rest of the Danish labor market, and in...
• Scheduled traffic (RPK) increased 2.3% and the capacity (ASK) was up 6.4%.• The load factor decreased by 3.2 p.u. versus last year to 78%.• Scheduled number of passengers was flat and amounted to 2.5 million passengers in August• The preliminary currency adjusted and nominal yield respective PASK increased 5% and 1% in August 2017 vs. last year.
May 2017 - July 2017. Income before tax: MSEK 1,973 (1,036). Income before tax and nonrecurring items: MSEK 1,863 (1,003). Revenue: MSEK 12,210 (11,133)
At the Annual Shareholders' Meeting in SAS AB on 22 February 2017, members for the SAS AB Nomination Committee were appointed. Information about the Nomination Committee's composition was published...
• Scheduled traffic (RPK) increased 6.7% and the capacity (ASK) was up 8.8%. • The load factor decreased by 1.7 p.u. versus last year to 86.5%. • Scheduled number of passengers increased by 2.2% to 2.5 million passengers in July, the highest number of passengers that SAS has transported in July. • The preliminary currency adjusted yield increased 1% and the PASK decreased 1% in July 2017 vs. last year. The nominal yield increased 2% and the nominal PASK was unchanged vs. last year.
SAS - Scandinavian Airlines continues to invest in its SAS Lounges and have now opened the newly renovated lounge at Newark Liberty International Airport (terminal B). The 100 sqm larger lounge creates an exclusive space for SAS travelers to relax or work in front of their flight.
• Scheduled traffic (RPK) increased 6.2% and the capacity (ASK) was up 7.1%.• The load factor decreased by 0.7 p.u. versus last year to 80.8%.• Scheduled number of passengers increased by 3.4% to 2.7 million passengers in June.• The preliminary currency adjusted yield was unchanged and the PASK was down 1% in June 2017 vs. last year. The nominal yield increased 3% and the nominal PASK increased 2% vs. last year.
Star Alliance Los Angeles Lounge Best Alliance Lounge. Four Star Alliance Airlines ranked among the Top 10.
Expanded structural measures to strengthen profitability
• Scheduled traffic (RPK) increased 8.0% and the capacity (ASK) was up 7.2%. • The load factor increased by 0.5 p.u. versus last year to 74.0%. • Scheduled number of passengers increased by 3.3% to a record of 2.6 million passengers for May. • The preliminary currency adjusted yield was down 3% and the PASK was down 2% in May 2017 vs. last year. The nominal yield was unchanged and the nominal PASK increased 1% vs. last year.
During the 2018 skiing season, SAS will open a new route from Stockholm to Chambéry in the French Alps. Chambéry Airport is the closest airport to get to and from popular ski resorts such as Val d’lsere and Val Thorens.
JUNEYAO AIRLINES BECOMES FIRST AIRLINE TO EXPAND STAR ALLIANCE NETWORK UNDER CONNECTING PARTNER MODEL
More Travel Options Via Shanghai
SAS is now launching “New Nordic by SAS” - a food concept whose inspiration comes from our passengers and the Nordic food philosophy where local, seasonal ingredients are key. With the focus on function, quality, taste and design, every SAS passenger will now be offered a selection of taste experiences based on fresh, local ingredients and pure flavors in new pared down packaging designed for life onboard. The concept will launch on 28 May on SAS domestic, Scandinavian and European flights.
Share your favourite cultural experience for a chance to become a mileage millionaire*
Star Alliance returned to Frankfurt, the place of its birth, to celebrate 20 years of “Connecting People and Cultures”. For the next decade, the Alliance announced a strategy of harnessing digital technology to further enhance the travel experience of Alliance customers.
• Scheduled traffic (RPK) increased 15.8% and the capacity (ASK) was up 6.6%.• The load factor was positively affected by the timing of the Easter holiday and increased by 6.1 p.u. versus last year to 75.7%.• SAS carried 2.4 million scheduled passengers in April, up 2.4% vs. last year.• The preliminary currency adjusted yield and PASK were down 10% and 2% in April 2017. The nominal yield was down 7% and the nominal PASK was up 1%.
Today sees the launch of another direct route to the USA, which will be added to the SAS winter timetable for 2017. The route between Stockholm and Miami complements the departures from Copenhagen and Oslo. SAS is also replacing the aircraft on the Copenhagen-Boston route with an SAS A330-300 featuring the new SAS cabin.
SAS has today completed financing of seven Boeing 737, which previously were owned. The financing is undertaken through a so called Japanese Operating Lease with Call Option (JOLCO). The transaction...
In November SAS launches a new year round route from Helsinki to Malaga
SAS opens a direct route between Stockholm and Eilat in Israel. Eilat will be a new route to SAS and is part of the winter program for 2017.
SAS has today published its first SAS Fact Book relating to the fiscal year 2015/2016. The Fact Book is only available in English via SAS website
• Scheduled traffic (RPK) increased 9.7% and the capacity (ASK) was up 12.2%.• The load factor was affected by the timing of the Easter holiday and decreased by 1.6 p.u. versus last year to 69.8%.• SAS carried 2.5 million scheduled passengers in March, up 8.9% vs. last year.• The preliminary currency adjusted yield and PASK were down 3% and 5% in March 2017. The nominal yield was unchanged and the nominal PASK was down 2%.
SAS is launching new snack and beverage products on its routes within Scandinavia and Europe. The products are part of a wider refresh of SAS’ food and beverage range with a focus on natural ingredients and high quality from local producers. The concept has been developed on the basis of feedback from customers and cabin crew.
SAS transfers two landing and take-off rights (”slot-pairs”) at London Heathrow and generates a positive earnings impact of MUSD 75
SAS has entered into a slot transaction at London Heathrow whereby two slot-pairs have been transferred. The transaction will generate a positive earnings impact of the equivalent of MUSD 75 for SAS to be accounted for during the second quarter of the fiscal year 2016/2017 with a corresponding cash effect during the fiscal year 2016/2017.
On Sunday 26 March, SAS’ summer timetable for 2017 will take off with new and exciting destinations. SAS is launching a total of seven new year-round routes and ten summer peak-season routes from Scandinavia. SAS is also increasing the number of departures to many popular destinations over the summer, with a total of 390,000 additional seats to Spain, Portugal and Croatia.
As a replacement for Jet Time, SAS has concluded an agreement with Regional Jet OÜ, which will be flying four ATR72-600 aircraft for SAS from August.
The European Commission has revised its earlier decision and has once again fined eleven airlines for breaches of air freight competition rules
A fine has been imposed on SAS Cargo of MEUR 70.2, the same amount as that repaid by the European Commission to SAS in 2016. SAS maintains that SAS Cargo has not participated in any global cartel and will appeal the European Commission’s decision.
• Scheduled traffic (RPK) increased 13% and the capacity (ASK) was up 5%, despite the leap year in February 2016.• The load factor improved by 4.8 p.u. versus last year to 67.9%.• SAS carried 2 million scheduled passengers in February, up 2.6% vs. last year.• The preliminary currency adjusted yield and PASK were down 8% and 1% in February 2017. The nominal yield was down 6% while the nominal PASK was up 1%.
Seasonally weak earnings as expected – structural measures being planned
The Annual General Shareholders’ Meeting on Wednesday, 22 February 2017, approved the motion to re-elect of Fritz H. Schur, Jacob Wallenberg, Dag Mejdell, Monica Caneman, Carsten Dilling,...
SAS and Wideroe have signed a new agreement with Statoil regarding the company’s domestic and international flights. The agreement covers a period of five years, including options.
• Scheduled traffic (RPK) increased 20.5% and the capacity (ASK) was up 11.3%. • The load factor improved by 5.3 p.u. versus last year to 69.0%. • SAS carried 1.9 million scheduled passengers in January, up 9.8% vs. last year. • The preliminary currency adjusted yield and PASK were down 11% and 4% in January 2017. The nominal yield was down 6% while the nominal PASK was up 2%.
SAS complements its production with a new air operator certificate (AOC) and bases outside Scandinavia
SAS’s strategy is to focus on those customers who travel frequently to, from and within Scandinavia. SAS continuously develops its offering and network to meet this customer group’s...
At a Board meeting of SAS AB, the November 2015-October 2016 annual report for the SAS Group and its parent company SAS AB was presented and approved.
SAS has secured financing of an additional six Airbus A320neo through the signing of a Sale and leaseback agreement with CDB Aviation Lease Finance. The aircraft will be delivered between 2017 and...
During the summer of 2017 SAS now introduces a new, direct route between Stockholm and Ibiza
SAS has signed an agreement for the sale of Cimber A/S to CityJet and sale of 11 CRJ900 aircraft. The divestment is part of SAS's strategy to use strategic partners, so-called wet lease, in smaller traffic flows and regional traffic. When the transaction is completed as planned on January 31, 2017, CityJet will place an order for up to ten completely new CRJ900s, which will be used in wet lease production for SAS.
The Annual General Meeting will be held at 3 p.m. at SAS head office, Frösundaviks allé 1, Solna. To attend the Annual General Meeting and notification Shareholders who wish to attend...
• Scheduled traffic (RPK) increased 19.1% and the capacity (ASK) was up 12.4%. • The load factor improved by 4.1 p.u. versus last year to 72.2%. • SAS carried 2 million scheduled passengers in December, up 10.5% vs. last year. • The preliminary currency adjusted yield and PASK were down 13% and 8% in December 2016. The nominal yield and PASK were down 11% and 6% respectively.