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SAS AB (SAS.ST)

SAS.ST on Stockholm Stock Exchange

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Latest Key Developments (Source: Significant Developments)

SAS sells two London Heathrow slot-pairs, $75 mln positive earnings impact
Monday, 27 Mar 2017 10:15am EDT 

Sas Ab : SAS. SAS has entered into a slot transaction at London Heathrow whereby two slot-pairs have been transferred. . The transaction will generate a positive earnings impact of the equivalent of MUSD 75 for SAS to be accounted for during the second quarter of the fiscal year 2016/2017 with a corresponding cash effect during the fiscal year 2016/2017 . SAS had before this transaction 19 daily slot-pairs at London Heathrow, which now will be reduced to 17 daily slot-pairs . As part of the transaction, it is agreed that SAS can continue to use these two slot-pairs for up to three years and maintain its present network .The intention is to maintain the seat capacity to/from London Heathrow through the use of larger aircraft on remaining departures.  Full Article

Kuehne und Nagel and SAS extend logistics partnership
Thursday, 9 Mar 2017 11:40am EST 

Kuehne und Nagel International AG : SAS and Kuehne + Nagel extend their successful logistics partnership .Contract prolonged until 2020.  Full Article

SAS scheduled traffic rose 13 pct in February
Wednesday, 8 Mar 2017 02:01am EST 

SAS : SAS traffic figures February 2017 . Says scheduled traffic (RPK) increased 13 pct and capacity (ASK) was up 5 pct, despite leap year in February 2016 . SAS February load factor improved by 4.8 p.u. versus last year to 67.9 pct . Says preliminary currency adjusted yield and pask were down 8 pct and 1 pct in February 2017 . Says although demand is growing, operating environment is more challenging, with yield at historically low levels . In fiscal year 2016/2017, SAS’s total capacity growth (ASK) will amount to 6-8 pct .The number of flights is expected to increase by about 2 pct.  Full Article

SAS Q1 pretax loss slightly bigger than expected, repeats outlook
Wednesday, 8 Mar 2017 02:00am EST 

Sas Ab : Q1 income before tax: msek -697 (-309) . Q1 income before tax and nonrecurring items: msek -707 (-404) . Says outlook for full year 2016/2017 is retained . Reuters poll: sas q1 pretax loss was seen at 623 million sek . Says capacity will increase in scandinavia in 2016/2017, but is expected to grow slightly more slowly than in the last fiscal year . Sas ab says when further efficiency measures have been identified, the total effect on future years will be updated and all measures, including the existing measures of sek 1.5 billion, will be integrated into a new efficiency enhancement program .Sas ab says we expect to announce further details about these measures and their extent during the second half of 2017.  Full Article

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

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Oct 13 The following bids, mergers, acquisitions and disposals were reported by 1300 GMT on Thursday: