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SAS AB (SAS.ST)

SAS.ST on Stockholm Stock Exchange

14.95SEK
24 Feb 2017
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Latest Key Developments (Source: Significant Developments)

SAS January traffic up 20.5 pct, yield down 11 pct
Tuesday, 7 Feb 2017 05:00am EST 

Sas Ab : Sas traffic figures - January 2017 . Says load factor improved by 5.3 p.u. Versus last year to 69.0%. . Says preliminary currency adjusted yield and pask were down 11% and 4% in January 2017 . Says one driver for the declining yield is the introduced aviation tax in Norway . Says jet fuel prices have increased versus last year combined with an unfavorable usd development versus sek, which will have a significant negative impact on sas's earnings during q1 of fiscal year 2016/2017 . SAS says SAS increased its scheduled capacity in january by 11.3% and traffic grew by 20.5%. .Says scheduled traffic (rpk) increased 20.5% and capacity (ask) was up 11.3%.  Full Article

Airline SAS says to establish operational bases outside Scandinavia
Wednesday, 1 Feb 2017 02:40am EST 

Sas Ab : SAS complements its production with a new air operator certificate (AOC) and bases outside scandinavia . Says SAS has decided to establish a new AOC in Ireland with operational bases in London and Spain. . SAS says aim is for new operations to be up and running from winter 2017/2018, providing a smaller number of departures as a complement to SAS's existing production . Says the majority of SAS's airline operations will continue to be based in Scandinavia moving forward . Says: At the start, smaller start-up costs for the new AOC and new bases are expected to impact earnings .Says: Initially, the financial effects from operations at these bases will be small, but will gradually increase as operations grow.  Full Article

Coor extends a Nordic IFM-agreement with SAS
Wednesday, 1 Feb 2017 02:00am EST 

Coor Service Management Holding AB : Has signed renewed agreement with SAS (Scandinavian Airlines) with estimated contract value of some 1 billion Swedish crowns ($114.22 million) . Agreement spans six years .Fixed annual subscription volumes estimated at some 160 million crowns.  Full Article

Airline SAS says finances six airbus A320neo
Friday, 27 Jan 2017 02:00am EST 

SAS AB : Says finances six additional airbus A320neo aircraft through sale and leaseback . Says the aircraft will be delivered between 2017 and 2018 . Says at the time of delivery SAS will sell the aircraft to CDB Aviation Lease Finance and then leases it back during a long term lease period .Says through this agreement, SAS has until now agreed on financing of 18 Airbus A320neo of the order of 30 aircraft..  Full Article

SAS to sell Cimber unit and 11 CRJ900 planes
Tuesday, 24 Jan 2017 03:00am EST 

Sas AB : Says has signed an agreement for sale of Cimber A/S to CityJet and sale of 11 CRJ900 aircraft . Says divestment of Cimber and aircraft will have a negative nonrecurring effect on earnings of MSEK 20 during Q1 of 2016/2017. . Says when transaction is completed as planned on January 31, 2017, CityJet will place an order for up to ten completely new CRJ900s, which will be used in wet lease production for SAS . Says has signed a new six-year wet lease agreement and will extend the current wet lease agreement by a further three years. . In total, SAS will have contracted 22 CRJ900 aircraft from CityJet with this transaction. Further company coverage: [SAS.ST] (Reporting by Stockholm Newsroom) ((simon.c.johnson@thomsonreuters.com;)).  Full Article

SAS December traffic up 19 pct, yield down 13 pct
Wednesday, 11 Jan 2017 05:00am EST 

SAS AB : Says load factor improved by 4.1 p.u. versus last year to 72.2% . The load factor improved in all geographical areas with strongest developments on SAS's intercontinental routes and international routes within Europe . Says preliminary currency adjusted yield and pask were down 13% and 8% in december 2016 .Says scheduled traffic (RPK) increased 19.1% and capacity (ASK) was up 12.4%..  Full Article

SAS CEO says no decision yet on possible staff reductions in Scandinavia
Tuesday, 13 Dec 2016 03:27am EST 

SAS CEO Rickard Gustafson to Reuters: Says possible establishment of operations outside Scandinavia would affect pilots, cabin crew primarily, no decisions yet whether there will be staff reductions in Scandinavia . Says possible establishment of airline operations outside Scandinavia could complement operations in Scandinavia rather than replace them . Says will have more information in H2 2017 on plans to establish airline operations outside Scandinavia Further company coverage: [SAS.ST] (Reporting by Anna Ringstrom) ((stockholm.newsroom@thomsonreuters.com; +46 (0) 8-700 1010;)).  Full Article

Airline SAS says Nov. traffic up 17 pct
Wednesday, 7 Dec 2016 05:00am EST 

SAS AB : SAS traffic figures - November 2016 . Says scheduled traffic (RPK) increased 17.3 pct and capacity (ASK) was up 10.4 pct. . Says load factor improved by 4.4 p.u. Versus last year to 73.7 pct . Says preliminary currency adjusted yield and pask were down 10 pct and 5 pct in november 2016 . Says load factor improved by 4.4 p.u. Versus last year to 73.7 pct .Says aviation tax in norway has in effect been absorbed by airlines and contributed to weaker yield development.  Full Article

Airline SAS says traffic rises 7.6 pct in Sept.
Friday, 7 Oct 2016 05:00am EDT 

SAS : Traffic figures September 2016 . Says scheduled traffic (RPK) increased 7.6 pct and capacity (ASK) was up 7 pct. . Says expected scheduled capacity growth of 10 pct during 2015/2016 . Says scheduled load factor improved by 0.5 p.u. versus last year to 77.6 pct . Says preliminary currency adjusted and nominal yield and pask were down 8 pct respective 7 pct in september 2016 . Says in 2016/2017, SAS plans to increase its capacity (ASK), primarily as a result of the full-year effect of the investment in the intercontinental routes that was started in 2015/2016, increased capacity on leisure routes and the fact that the Airbus A320neo is larger than the aircraft it will be replacing. .Says the total increase will be lower than in 2015/2016..  Full Article

SAS July traffic up 10 pct, sees f/y capacity growth of 10 pct
Monday, 8 Aug 2016 05:00am EDT 

Sas says: July scheduled traffic (rpk) increased 10.4% and capacity (ask) was up 8.8% . July scheduled load factor improved by 1.2 p.u. versus last year to highest load factor for a single month of 88.2% . July preliminary currency adjusted yield was down 1% but the PASK was up 1% . says demand for long haul traffic, european leisure routes and domestic routes continues to grow . says intensified competition and lower jet fuel prices have put pressure on yield that has declined more than anticipated in 2016 . sees scheduled capacity growth of 10% during 2015/2016 .sees number of flights up about 1% in 2015/16.  Full Article

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