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SAS Earnings Release 2021
2961_iss_2021-03-05_ffbdab4e-bb62-4de4-91b0-5866474f8e05.pdf
Earnings Release
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Scandinavian Airlines 195 87 Stockholm Telephone: +46 8-797 0000 Fax: +46 8-797 1515 www.sasgroup.net
SAS Traffic figures - February 2021
Continued strict travel restrictions in February led to a further reduction of the traffic program and fewer passengers.
Through February, 225,000 passengers flew with SAS, a decrease of 20% compared with January this year and down some 89% year-on-year. SAS continued to adapt capacity (ASK) to lower demand and, compared with January, ASK declined 16%, which was almost 81% lower than last year.
"The travel restrictions continue to put pressure on demand, which has resulted in further adjustment of offered destinations and departures in February. Strong demand for cargo services has enabled SAS to maintain parts of its intercontinental production, though this has resulted in a low overall passenger load factor of 26%. However, the load factor for our Scandinavian and European operations has stabilized at around 40% and even increased 4 percentage points for the month compared with January," says Rickard Gustafson, CEO of SAS.
| SAS scheduled traffic | Feb21 | Change1 | Nov20- Feb21 | Change1 | |
|---|---|---|---|---|---|
| ASK (Mill.) | 673 | -79.7% | 3 421 | -75.7% | |
| RPK (Mill.) | 173 | -91.9% | 978 | -89.7% | |
| Passenger load factor | 25.8% | -39.3 p u | 28.6% | -39.1 p u | |
| No. of passengers (000) | 225 | -88.7% | 1 223 | -84.9% | |
| Geographical development, schedule | Feb21 | vs. | Feb20 | Nov20- Feb21 vs. Nov19-Feb20 | |
| RPK | ASK | RPK | ASK | ||
| Intercontinental | -97.6% | -72.7% | -96.6% | -78.9% | |
| Europe/Intrascandinavia | -95.2% | -91.4% | -91.8% | -85.2% | |
| Domestic | -77.1% | -65.2% | -71.2% | -47.7% | |
| SAS charter traffic | Feb21 | Change1 | Nov20- Feb21 | Change1 | |
| ASK (Mill.) | 6 | -97.0% | 26 | -96.2% | |
| RPK (Mill.) | 2 | -98.7% | 10 | -98.4% | |
| Load factor | 38.5% | -52.9 p u | 38.2% | -53.9 p u | |
| No. of passengers (000) | 1 | -99.1% | 3 | -98.7% | |
| SAS total traffic (scheduled and charter) | Feb21 | Change1 | Nov20- Feb21 | Change1 | |
| ASK (Mill.) | 678 | -80.6% | 3 447 | -76.6% | |
| RPK (Mill.) | 176 | -92.4% | 988 | -90.3% | |
| Load factor | 25.9% | -40.6 p u | 28,7% | -40.1 p u | |
| No. of passengers (000) | 225 | -89.0% | 1 226 | -85.3% |
1 Change compared to same period last year. p u = percentage units
Scandinavian Airlines
195 87 Stockholm Telephone: +46 8-797 0000 Fax: +46 8-797 1515 www.sasgroup.net
| Preliminary yield and PASK | Feb21 | Nominal change | FX adjusted change |
|---|---|---|---|
| Yield, SEK | 1.37 | 36.7% | 44.5% |
| PASK, SEK | 0.35 | -46.0% | -43.0% |
| Feb21 | |||
| Punctuality (arrival 15 min) | 78.1% | ||
| Regularity | 99.5% | ||
| Change in total CO2 emissions, rolling 12 months | -79.3 |
Change in CO2 emissions per available seat kilometer -8.8% Carbon offsetting of passenger related emissions 44%
Definitions:
RPK – Revenue passenger kilometers ASK – Available seat kilometers Load factor – RPK/ASK Yield – Passenger revenues/RPK (scheduled) PASK – Passenger revenues/ASK (scheduled) Change in CO2 emissions per available seat kilometers – SAS passenger related carbon emissions divided with total available seat kilometers (incl. non-revenue and EuroBonus), rolling 12 months Carbon offsetting of passenger related emissions – Share of SAS passenger related carbon emissions compensated by SAS (EuroBonus members, youth tickets and SAS' staff travel)
From fiscal year 2020 we report change in CO2 emissions in total and per Available Seat Kilometers (ASK) to align with our overall goal to reduce our total CO2 emissions by 25% by 2025, compared to 2005.
For further information, please contact:
SAS press office, +46 8 797 29 44
Michel Fischier, VP Investor Relations, +46 70 997 06 73
SAS, Scandinavia's leading airline, with main hubs in Copenhagen, Oslo and Stockholm, is flying to destinations in Europe, USA and Asia. Spurred by a Scandinavian heritage and sustainable values, SAS aims to be the global leader in sustainable aviation. We will reduce total carbon emissions by 25 percent by 2025, by using more sustainable aviation fuel and our modern fleet with fuel-efficient aircraft. In addition to flight operations, SAS offers ground handling services, technical maintenance and air cargo services. SAS is a founder member of the Star Alliance™, and together with its partner airlines offers a wide network worldwide. Learn more at https://www.sasgroup.net
This is information that SAS AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication by Michel Fischier at 11:00 a.m. CET on 5 March 2021.