SAS Reports January 2015 Traffic

SAS reduced its overall capacity during the winter program 2014/2015 and, as a result, total capacity was down by 3.5% in February 2015, while scheduled capacity was down 1.5% as some capacity was moved from charter operations to scheduled services.

In January 2015, SAS’ yield and PASK were up 3.4% and 6.7% respectively. The currency adjusted yield and PASK were down 0.4% and up 2.8% respectively, in line with expectations. In February 2015 the change in the currency adjusted PASK vs. last year is expected to be in line with January.

SAS scheduled capacity decreased in January by 1.5%. Despite decreased capacity, scheduled traffic grew 1.3% resulting in a 1.8 p.u. improvement in the load factor to 66.7%.

SAS decreased its intercontinental capacity by 2.9% and the traffic was down 4.3%. The lower volumes were primarily related to reduced capacity on SAS’ Asian routes.

SAS traffic on European/ Intra-Scandinavian routes grew 3.9% with strongest growth on SAS intra-Scandinavian routes. Domestic traffic grew 3.9% combined with a positive load factor development.

SAS regularity of 98.2% in February was lower than normally, primarily due to industrial action, in breach of contract, by cabin attendants in Copenhagen which resulted in 166 cancelled flights.