The SAS Group Traffic figures November 2009
SAS Group’s November traffic figures
• SAS Group’s traffic decreased by 11.3% during November and seat capacity was down 13.5% vs. 2008.
• SAS Group carried 2.1 million passengers in November, down 6.4% vs. 2008.
• Total passenger load factor was 67.2%, up 1.7 p.u. vs. November 2008 and up for the fifth month in a row.
Group market trends and yield development
The yield for Scandinavian Airlines in October was down by 11.3 %. For November 2009, the change in yield is also expected to be negative indicating continued yield pressure going forward. This development will have a negative impact on the full year result. The market continues to be unpredictable and the uncertainty regarding the timing of the recovery is considerable.
The SAS Group is currently implementing its Core SAS strategy – to secure a future profitable SAS. The strategy includes cost reduction initiatives of SEK 4.5 bn as well as a 20% reduction in capacity. The implementation is well on track. In total, SAS Group’s cost reductions currently amounts to SEK 5.3 bn. The management and Board of the SAS Group are working continuously to identify further cost-saving measures.
SAS Scandinavian Airlines
• Total number of passengers was 1.8 million during November, down by 7.7%.
• The traffic decreased by 12% and the capacity was down by 14%.
• The November load factor increased by 1.5 p.u. to 67.9%.
The intercontinental traffic decreased 16.2% and the capacity was down by 18.7% resulting in an improved load factor of 2.4 p.u. Traffic on European routes decreased by 13.7%, but the load factor improved by 1.7 p.u. SAS market share is relatively stable on the core European business routes as most of the cuts are carried out on leisure routes. The intrascandinavian traffic decreased 9% and the capacity was reduced by 14.2%. The Norwegian domestic traffic was in line with last year with an improved load factor of 4.8 p.u. On Swedish domestic routes, traffic was down 7% but the capacity increased 4.8% resulting in a weak development of the load factor.
Widerøe’s traffic development
Widerøe carried 180,000 passengers in November, up by 4.1%. The total load passenger also improved by 2.8 p.u. to 59.9%. The capacity was reduced by 2%, due to a shift from longer international routes to shorter domestic routes.
Blue 1’s traffic development
Total number of passengers in November was 126,000, down 2% vs last year. Total capacity was reduced by 12.4% due to adjustments of the capacity on domestic and European routes. Two seasonal domestic destinations were successfully opened during November, which in combination with yield management contributed to an improvement of the domestic load factor. Also on the international routes the load factors had a positive development.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