SAS Group reports Mar-2009 traffic figures
08-Apr-2009 |
Airline Code [SAS]
View More SAS News
Tags :Continental Europe, SAS, sas group, Traffic Report
SAS Group's traffic decreased by 16.7 % during March and seat capacity was down 3.9% vs. 2008. SAS Group carried 2.2 million passengers in March, down 9.3% vs. 2008. Total passenger load factor in February was down by 9.9 p.u. to 64.5%.
Yield for Scandinavian Airlines in February was up by 2.6%. For Mar-2009, the change in yield is expected to be more positive and positively affected by the Easter holiday that affected Mar-2008 and thus comparable figures. The Easter effect also impact capacity reduction and load factor for March.
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 secure a profitable SAS. The strategy includes cost initiatives of approximately SEK4.0 billion and 18% (ASK) capacity reduction. According to plan 6 more aircraft will be taken out of service as from April..
Scandinavian Airlines' traffic during March was affected by the weaker demand and fell 17.9%. The intercontinental traffic was mostly affected and decreased 24.2%. Traffic on European routes decreased by 16.2%, mostly from Denmark following capacity reductions. The intrascandinavian traffic decreased 8.3%. The Swedish domestic traffic decreased partly due to closure of two destinations. The Norwegian domestic traffic grew on southern Norwegian routes, but decreased on the longer northern routes due to Easter occurring in April this year.
Widerøe carried 179,000 passengers in March, up by 13.7%. The increase was mainly driven by low passenger numbers last year due to Easter. The overall load factor decreased with 5.1 p.u. to 56,6%.
(c) Centre for Asia Pacific Aviation. Date posted: 08-Apr-09
|
Other SAS News |
SAS Group reports Mar-2009 traffic figures 
