The SAS Group Traffic figures - February 2004
The SAS Group Traffic figures
February 2004
Significantly increased traffic in February
· Total passenger traffic (RPK) increased by 10,1% in February 2004
vs 2003.
· The SAS Group transported a total of 2,3 million passengers in
February 2004 vs 2,2 million in 2003, an increase of 5,8%.
· Overall group passenger load factor increased by 0,1 p.u to 59,1%
for February 2004 vs. 2003.
· Yields for Scandinavian Airlines in January were down 17,9% month
by month.
Market trends and yield development
February group total traffic volumes developed positively with a traffic
growth of 10,1% and slightly improved passenger load factor. A part of
traffic increase (approx 3 p.u.) is explained by the 29th day in
February (as 2004 is a leap year). It must also be noted that 2003
comparative numbers are weak and this also explains parts of the
increase.
Added is that indications for yields in February shows continued strong
pressure and yield reductions only slightly less than experienced in
January.
In general, growth has improved on European and intercontinental routes.
Domestic and Intrascandinavian markets are still characterized by weak
demand and increased competition.
Spanair’s traffic increased in February with 22,4% with almost flat load
factor. In February appr. 50.000 passengers took advantage of an special
offer on Spanish domestic routes. Braathens’ traffic increased in
February driven by the positive development on international routes.
Yields in January were very weak as indicated in the January traffic
report. Price cuts of up to 30%, negative mix and general high numbers
of low price offers explains this development.
Yield indications for Scandinavian Airlines in February is still
somewhat worrying, but it is still too early to indicate if this is part
of a general trend for 2004.
The restructuring plan “Turnaround 2005”, is proceeding according to
plan in order to secure a sustained profitability level in a lower yield
environment. Negotiation are ongoing to secure the remaining SEK 2
billion of Turnaround 2005. Improvements in general demand can be noted
but due to the situation with continued yield pressure, the outlook
remains cautious.
For further information Please contact
Head of SAS Group Investor Relations Sture Stølen
+ 46 8 797 1451
sture.stolen@sas.se
Homepage: www.sasgroup.net
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http://www.waymaker.net/bitonline/2004/03/08/20040308BIT00300/wkr0001.doc The full report
http://www.waymaker.net/bitonline/2004/03/08/20040308BIT00300/wkr0002.pdf The full report