The number of travelers flying with SAS during November were in line with last year, whereas currency adjusted unit revenues and passenger yield increased with 1.4% and 0.8%, respectively.
Expected earnings before tax better than previously communicated on the back of strong passenger figures
SAS’ outlook in the third quarter report was “that it will be challenging to reach a positive result before tax and items affecting comparability in fiscal year 2019”. As a result of strong passenger figures and an improved unit revenue, the outlook is revised as SAS’ earnings before tax and items affecting comparability is estimated to be in the range of SEK 700-800 million for the fiscal year 2019.
SAS reports an increase of 3% in number of passengers compared to same period last year. Unit revenues increased with 4.4% and passenger yield with 5.4% which affirms the positive trend seen during the year.
Some 2.8 million passengers traveled with SAS during August, an increase of 0.4% compared to the same month last year. Also, operational performance remained at high levels and unit revenue and yield continues to develop favorably.
During July, more than 2.8 million passengers traveled with SAS, which is a record number for July and a slight increase compared to the same month last year. At the same time, SAS had a significant improvement in operational performance as well as a favorable development of yield.
The number of passengers traveling with SAS increased slightly compared to same month last year and reached the highest reported number for a single month. Unit revenue continues to develop favorably and increased with 4.8%.
The pilot strike had a negative impact also on May traffic figures as it affected nearly 100 000 customers. Underlying trend of positive unit revenue development continues with an increase of 1.6% compared to same period last year.
Over 2 800 flights were canceled and nearly 270 000 customers were affected during the first five days of the pilot strike, resulting in weak traffic figures in April.
2.5 million passengers travelled with SAS in March, an increase of some 70 000 compared to last year. Higher yield compensated for a lower passenger load factor, resulting in an improved unit revenue.
In February, the number of passengers traveling with SAS was in line with last year. A slight decrease in passenger load factor was offset by a higher yield, resulting in an improved unit revenue.
The number of passengers traveling with SAS's scheduled traffic increased slightly compared to January 2018. At the same time, the passenger load factor and unit revenue increased.
• SAS scheduled traffic compared to the same month last year: - Number of passengers decreased by 1.9% to just below 1.9 million. - Capacity (ASK) and traffic (RPK) decreased by 1.9% and 1.8%, respectively. - Passenger load factor increased by 0.1 p.p. to 68.9%. • Nominal yield and PASK increased by 4.4% and 4.5%, respectively. • Currency adjusted yield and PASK increased by 0.5% and 0.6%, respectively.