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December 2017

Where SAS passengers most want to fly to

SAS customers were recently invited to influence which destinations our Now or Never campaign should include and a whopping 11.000 people cast their votes over the December 1-3 weekend. We have again listened to our customers and are happy to present their favorite destinations in today’s Now or Never campaign.  

SAS traffic figures – November 2017

• During the autumn/winter 2016, SAS’s load factors and volumes were record high following SAS 70 year’s anniversary campaign. This year’s decline in volume, load factor and increased yield reflect a normalization of the traffic volumes. • Scheduled traffic (RPK) decreased 6.1% and the capacity (ASK) was up 0.9%. • The load factor decreased by 5.1 p.u. versus last year to 68.6%. • Scheduled number of passengers amounted to 2.3 million in November. • The preliminary currency adjusted yield and PASK increased 9% and 1% respectively in November 2017 vs. last year. The nominal yield increased 6% and the PASK decreased 2% in November 2017 vs. last year.
November 2017

Change in number of shares and votes in SAS AB

SAS AB (“SAS”) has as previously announced carried out a directed issue of common shares. The issue of common shares has resulted in a change in the number of shares and votes in SAS as follows:

SAS issues MSEK 1,500 unsecured bond

SAS AB (publ) has successfully issued a senior unsecured bond on the Nordic capital market. The bond amounts to MSEK 1,500, pays a fixed coupon of 5.375% and has a tenor of 5 years with a final...

Eivind Roald to leave SAS

Executive Vice President and Head of SAS Growth Initiative Eivind Roald has decided to leave SAS after six successful years. He will join Altor Equity Partners as an Industrial Advisor.

SAS AB adjusts conversion price on SEK 1.6 billion convertible bonds due 2019

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SAS contemplates issuance of SEK bonds

SAS AB (publ), rated B1 (stable) by Moody’s and B+ (stable) by S&P, has mandated Danske Bank and Nordea as Global Coordinators together with SEB and Swedbank as Joint Bookrunners to arrange...

SAS traffic figures – October 2017

• Scheduled traffic (RPK) decreased 3% and the capacity (ASK) was up 2%. • The load factor decreased by 3.8 p.u. versus last year to 74.9%. • Scheduled number of passengers amounted to 2.6 million in October. • The preliminary currency adjusted yield and PASK increased 9% and 4% respectively in October 2017 vs. last year. The nominal yield and PASK increased 7% and 2% respectively in October 2017 vs. last year.
October 2017

SAS’s financial calendar 2017/2018

SAS plans to release interim- and annual reports during financial year 1 November 2017 to 31 October 2018 as follows: Interim Report Aug-Oct...

SAS seasonal summer 2018 routes – 5 new destinations and 27 new non-stop routes from Scandinavia

SAS continues to expand its offer to and from Scandinavia and launches 27 new non-stop routes to be served from several of its hubs. The seasonal summer 2018 routes also includes five new destinations on SAS´s route map; Verona, Sarajevo, Genoa, Toulon and Beirut. In addition to this, SAS is giving its customers more access to popular destinations with expanded summer service to Portugal, Spain, Croatia and Italy. And as a response to the increased interest in leisure travel, expanded non-stop flights from several of its hubs to popular summer destinations. Flights will be available for booking starting now for travel starting March 24, 2018.

SAS expands its menu in SAS Go, focusing on the lifestyle and dietary needs of travelers

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. 

SAS traffic figures – September 2017

• 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.

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.
September 2017

SAS traffic figures August 2017

• 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.

SAS Interim Report November 2016–July 2017

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)
August 2017

Changes in the Nomination Committee for SAS AB

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...

SAS traffic figures July 2017

• 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.
July 2017

SAS LOUNGE IN NEW YORK LARGER AND IN A NEW DESIGN

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.

SAS traffic figures June 2017

• 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.
June 2017

SAS traffic figures – May 2017

• 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.
May 2017

SAS opens route from Stockholm to Chambéry in the French Alps

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. 

Premiere for the new SAS food and drinks concept – “New Nordic by SAS”

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.

SAS traffic figures – April 2017

• 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%.

SAS to fly direct from Stockholm to Miami from October

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.
April 2017

SAS finances 7 Boeing 737

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...

SAS introduces new route to Eilat

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 Fact Book 2015/2016

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

SAS traffic figures – March 2017

• 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%.
March 2017

SAS launches first part of a new food and beverage concept

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.

Scandinavian Airlines: Let the summer begin

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.

SAS traffic figures – February 2017

• 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%.
February 2017

SAS signs new deal with Statoil

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.

SAS traffic figures – January 2017

• 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 Annual Report 2015/2016

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.
January 2017

SAS enters agreement to sell Cimber and 11 CRJ900s

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.

Traffic figures – December 2016

• 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.