The SAS Group Traffic figures February 2008
SAS Group’s February traffic figures • SAS Group’s traffic increased by 14.4% during February and seat capacity was up by 13.5% vs 2007.
• SAS Group carried 2.4 million passengers in February, up 11.3% vs 2007.
• Total load factor was up 0.5 p.u. to 66.8%.
• Growth is positively affected by the leap year by 4-4,5 p.u..
Group market trends and yield development
SAS Group carried 2.4 million passengers in February that was up 11.3% vs 2007. The growth was strongest in airBaltic and on intercontinental routes. Total capacity was up 13.5% due to leap year, planned expansion and larger wet leased aircraft. Traffic was up by 14.4% positively affected by the leap year. Underlying the growth was robust during February.
Yield for Scandinavian Airlines in January was down 2%. The combination in January of lower yield and higher oil prices is negative for the earnings. For February 2008 the change in yield is expected to be approximately 3-6% lower than February 2007. This in combination with the record high fuel prices will affect earnings. The SAS Group’s strategy is to offset the record high fuel prices. This is the ambition, but SAS will come short of this in the 1st Quarter due to the recent rapid increase in oil prices
The market is still characterized by good demand and passenger growth. There are still uncertainties regarding the strength of future growth as well as the competitive situation. The negative impact from the Q400 situation is estimated to be around MSEK 400 for the first quarter 2008.
Intercontinental traffic increased 15.7% in February and the load factor was up 6.0 p.u. SAS Group European traffic increased by 16.1%, but the load factor was down 1 p.u.
airBaltic’s traffic increased by 48.6%. Widerøe’s traffic increased 8.9% and Blue1’s traffic was down 4.6%.
For further information Please contact VP,Head of SAS Group Investor Relations Sture Stølen
+ 46 8 797 1451 firstname.lastname@example.org Homepage: www.sasgroup.net