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SAS Group Traffic figures - April 2004

May 10, 2004 12:14

The SAS Group Traffic figures
April 2004

Traffic continues to improve
· Total passenger traffic (RPK) increased by 16,1% in April 2004 vs 2003.
· The SAS Group transported a total of 2,8 million passengers in
April 2004 vs 2,6 million in 2003, an increase of 7,7%.
· Overall group passenger load factor improved by 4,4 p.u to 64,9%
for April 2004 vs. 2003.

Market trends and yield development
April group total traffic volumes developed positively with a traffic
growth of 16,1% and improved passenger load factor. It must be noted
that last years numbers were weak due to SARS and the Iraq situation,
but even adjusted for this the traffic volumes for the group developed
well. On the contrary, yields are still weak and yields for Scandinavian
Airlines for March was down 12,1%.

Yields for April will be reported next month, but indications show
continued pressure also due to a large one off effect from weak
intercontinental traffic for the reason mentioned above. In general,
growth has improved significantly on European and intercontinental
routes. In April even Intrascandinavian traffic improved in a market
characterized by weak demand and increased competition. Scandinavian
Airlines was Scandinavia’s largest provider of low fare tickets in 2003
and this will continue further in 2004 as Turnaournd 2005 forms a
platform for profitable growth.

Spanair’s traffic increased in April by 17,4%, but with reduced load
factor. Braathens’ traffic increased 2,6% in April.

As previously reported, yields in January and February were very weak
and March showed some stabilization. Yield indications for Scandinavian
Airlines in April show increased pressure compared with March, but the
percentual decrease compared with 2003 is expected to be less than
February adjusted for one off effects.
The restructuring plan “Turnaround 2005”, is proceeding according to
plan in order to secure a sustained profitability level in a lower yield
environment. Improvements in general demand and good traffic growth can
be noted but due to the situation with continued yield pressure, the
outlook remains cautious.

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This information was brought to you by Waymaker http://www.waymaker.net
The following files are available for download:
http://www.waymaker.net/bitonline/2004/05/10/20040510BIT00290/wkr0001.doc The full report
http://www.waymaker.net/bitonline/2004/05/10/20040510BIT00290/wkr0002.pdf The full report

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