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SAS — Earnings Release 2019
Dec 7, 2018
2961_iss_2018-12-07_c51a855c-f030-4855-b7ff-d3c22fb86c37.pdf
Earnings Release
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195 87 Stockholm Telephone: +46 8-797 0000 Fax: +46 8-797 1515 www.sasgroup.net
CORRECTION: SAS traffic figures November 2018
CORRECTION OF YIELD AND PASK NOMINAL AMOUNTS TO SEK 1.03 and 0.71, RESPECTIVELY
- SAS scheduled traffic compared to the same month last year:
- Number of passengers increased by 1.8% to 2.3 million.
- Capacity (ASK) and traffic (RPK) increased by 0.1% and 0.8%, respectively.
- Passenger load factor increased by 0.4 p.p. to 69.0%.
- Nominal yield and PASK increased by 5.0% and 5.7%, respectively.
• Currency adjusted yield decreased by 0.1% and PASK increased by 0.5%.
Market and Capacity Development
- Capacity growth is expected to continue during winter 2018/19, and we expect an overall growth of 4-5% during Q1.
- SAS plans to increase capacity by 2-3% in fiscal year 2019, primarily due to more seats in the Airbus A320neo.
SAS - Scheduled Traffic Development
- Intercontinental traffic increased 2.6%, while capacity was down 1.8%. The increase was mainly on Asian routes.
- European/Intrascandinavian traffic declined 1.5% and capacity increased 0.2%. Traffic increased on Intrascandinavian routes but decreased on European routes.
- Domestic traffic increased 2.6% on the back of a 3.8% increase in capacity, resulting in a lower passenger load factor. The pattern was similar in Norway and Sweden.
SAS - In Other News
- SAS redeemed all remaining preference shares at 30 November 2018
- 23 Airbus A320neo in operation as of 6 December 2018
- High-speed WiFi now installed on 42 aircraft
| SAS scheduled traffic | Nov18- | |||
|---|---|---|---|---|
| Nov18 | Change1 | Nov18 | Change1 | |
| ASK (Mill.) | 3 852 | 0.1% | 3 852 | 0.1% |
| RPK (Mill.) | 2 658 | 0.8% | 2 658 | 0.8% |
| Passenger load factor | 69.0% | +0.4 p.p. | 69.0% | +0.4 p.p. |
| No. of passengers (Mill.) | 2.326 | 1.8% | 2.326 | 1.8% |
| Geographical | Nov18 vs. Nov17 | Nov18-Nov18 vs. Nov17 – Nov17 |
||
|---|---|---|---|---|
| development. schedule | RPK | ASK | RPK | ASK |
| Intercontinental | 2.6% | -1.8% | 2.6% | -1.8% |
| Europe/Intrascandinavia | -1.5% | 0.2% | -1.5% | 0.2% |
| Domestic | 2.6% | 3.8% | 2.6% | 3.8% |
| SAS charter traffic | Nov18- | |||
|---|---|---|---|---|
| Nov18 | Change1 | Nov18 | Change1 | |
| ASK (Mill.) | 143 | 19.0% | 143 | 19.0% |
| RPK (Mill.) | 134 | 15.8% | 134 | 15.8% |
| Passenger load factor | 93.6% | -2.6 p.p. | 93.6% | -2.6 p.p. |
| No. of passengers (Mill.) | 0.036 | 16.2% | 0.036 | 16.2% |
| SAS total traffic | Nov18- | |||
|---|---|---|---|---|
| Nov18 | Change1 | Nov18 | Change1 | |
| ASK (Mill.) | 3 994 | 0.7% | 3 994 | 0.7% |
| RPK (Mill.) | 2 792 | 1.4% | 2 792 | 1.4% |
| Passenger load factor | 69.9% | +0.5 p.p. | 69.9% | +0.5 p.p. |
| No. of passengers (Mill.) | 2.362 | 2.0% | 2.362 | 2.0% |
1 Change compared to same period in previous year.
p.p. = percentage points
| Preliminary yield and PASK | Nov 2018 |
Nominal change |
FX adjusted change |
|---|---|---|---|
| Yield, SEK | 1.03 | +5.0% | -0.1% |
| PASK, SEK | 0.71 | +5.7% | +0.5% |
| Nov 2018 | |
|---|---|
| Punctuality (arrival 15 min) | 85.5% |
| Regularity | 98.5% |
Definitions:
RPK – Revenue passenger kilometers
ASK – Available passenger kilometers
Load factor – RPK/ASK
Yield – Passenger revenues/RPK (scheduled)
PASK – Passenger revenues/ASK (scheduled)
Magnus Hurst, Investor Relations +46 70 997 45 19 or [email protected]
This is information that SAS AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 11:00 CET on 7 December 2018.
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