The SAS Group Traffic figures February 2009
SAS Group’s February traffic figures
• SAS Group’s traffic decreased by 20.1 % during February and seat capacity was down 12.2% vs 2008.
• Adjusted for the leap year effect, the SAS Group’s traffic decreased by approx.17%.
• SAS Group carried 1.8 million passengers in February, down 19.6% vs 2008.
• Total passenger load factor in February was down by 6.1 p.u. to 61.9%.
Group market trends and yield development
Yield for Scandinavian Airlines in January was up by 1%. For February 2009, the change in yield is expected to be slightly more positive. In light of the new weakening demand, capacity has been reduced by approximately 12% in February.
The market is characterized by lower demand due to weaker macroeconomic development in Scandinavia and worldwide. The challenges within the credit market will most likely result in an even more difficult macroeconomic environment in SAS Group’s core markets. The SAS Group is currently implementing a new strategic approach – Core SAS – to develop a profitable SAS. The strategy include cost initiatives totaling SEK 4.0 billion and capacity cuts by a total of approx.18% in 2009 and 2010