• Scheduled number of passengers increased by 2.2% to 2.6 million, a record for the month of July.
• Compared to last year:
– Scheduled traffic (RPK) and capacity (ASK) increased by 1.9% and 3.0%, respectively.
– Passenger load factor decreased by 0.9 p.p. to 85.6%.
– Nominal yield and PASK increased by 7% and 6%, respectively.
– Currency adjusted yield and PASK increased by 2% and 1%, respectively.
Market and Capacity Development
The capacity growth in the Scandinavian market has accelerated during the spring and summer of 2018. The higher capacity growth is expected to continue during the remainder of 2018.
In line with the very high demand for leisure travel during the summer holiday season, SAS, as well as increasing capacity overall, shifted its capacity toward more leisure-oriented routes in July. This resulted in higher traffic volumes on leisure-oriented routes to/from southern Europe and had a positive effect on the yield and PASK.
SAS development during Q3, FY18
The traffic development during Q3 FY18 has been in line with SAS’s expectations and guidance. However, the yield/PASK development has been better than anticipated. Due to operational challenges, SAS has cancelled more flights during the quarter than normal, which will lead to higher irregularity costs. At the same time, the USD has continued to stay at a high level, which will affect SAS operating expenditure negatively.
Scheduled Traffic Development
In July the number of passengers increased by 2.2% vs. last year. SAS increased the scheduled capacity by 3.0% and the traffic increased by 1.9% vs. last year, resulting in a 0.9 p.p. decrease in the load factor.
The capacity on SAS’s intercontinental routes was reduced by 3.5% vs. last year, as one aircraft has been phased out of traffic. Despite this, the traffic only decreased by 1.1% vs. last year. The development continued to be particularly positive on the routes to/from the United States.
The traffic on SAS’s European/Intrascandinavian routes increased by 4.0% vs. last year. The growth was strongest on the European routes to/from Sweden and Norway.
The traffic on SAS’s domestic routes increased by 0.8%, while the capacity was up 1.3%. The development was positive on the Norwegian and Swedish domestic routes, while the volumes decreased within Denmark due to lower capacity.