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SAS AB (SAS.ST)

SAS.ST on Stockholm Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Airline SAS says traffic up 7.9 pct in June
Thursday, 7 Jul 2016 05:00am EDT 

SAS AB : SAS Traffic Figures June 2016 . Says scheduled traffic (RPK) increased 7.9 pct and capacity (ASK) was up 6 pct . says scheduled load factor improved by 1.5 p.u. versus last year to 81.5 pct . Says preliminary currency adjusted yield and PASK were down 6 pct and 5 pct respectively . Says in June, traffic volumes were affected by industrial actions by SAS's pilots in Sweden during five days .Says booking levels have stabilized after industrial action was called off.  Full Article

SAS sells minority holding in Widerøe
Thursday, 30 Jun 2016 02:00am EDT 

SAS Ab :SAS sells minority holding in Widerøe.  Full Article

SAS Q2 loss before one-offs larger than expected, repeats outlook
Friday, 10 Jun 2016 02:00am EDT 

Sas Ab Q2 SAS : Q2 Income Before Tax And Nonrecurring Items: Msek -601 . Says outlook for full year 2015/2016 remains firm . says bookings status for summer looks stable . Reuters poll: sas was seen running fiscal q2 adjusted pretax loss of sek 206 million . says capacity growth in scandinavia is expected to increase about 5–6% in 2015/2016 . says in 2015/2016, sas plans to increase capacity on the intercontinental routes by 25% . Says weak results were primarily attributable to three factors: increased price pressure, technical maintenance costs and negative currency effects . says in 2015/2016, sas sas expects lower unit cost and a lower unit revenue during the fiscal year . says commercial investments have been positively received by customers .In total, SAS expects to be able to deliver a positive income before tax and nonrecurring items for the 2015/2016 fiscal year.  Full Article

Sas reaches agreement with the Norwegian pilots' unions
Thursday, 9 Jun 2016 12:02pm EDT 

Sas Ab : Sas has reached an agreement with the Norwegian pilots' unions . The parties have agreed to new collective bargaining agreements and all SAS-flights to, from and in Norway will depart as scheduled. . The agreements are effective from April 1, 2016 and are valid for one year. .The negotiations between SAS and the Swedish pilot union SPF continues in Sweden..  Full Article

Airline SAS says wage talks with Norway pilots still ongoing
Wednesday, 8 Jun 2016 11:55pm EDT 

SAS AB : Wage negotiations between SAS and its pilots in Norway are still ongoing, a spokesman for the airline told Reuters at 0347 GMT (0547 CET) on Thursday . The talks are now on overtime, as the original deadline for the mediation had been set to midnight local time . If no wage deal is concluded, more than 400 SAS pilots are scheduled to go on strike on Thursday Further company coverage: [SAS.ST] (Reporting By Terje Solsvik) ((terje.solsvik@thomsonreuters.com;)).  Full Article

Airline SAS says wage talks with Norway pilots still ongoing
Wednesday, 8 Jun 2016 06:35pm EDT 

SAS AB : Wage negotiations between SAS and its pilots in Norway are still ongoing, a spokesman for the airline told Reuters at 0347 GMT (0547 CET) on Thursday . The talks are now on overtime, as the original deadline for the mediation had been set to midnight local time . If no wage deal is concluded, more than 400 SAS pilots are scheduled to go on strike on Thursday Further company coverage: [SAS.ST] (Reporting By Terje Solsvik) ((terje.solsvik@thomsonreuters.com;)).  Full Article

Airline SAS says traffic rises 11.3 pct in May
Wednesday, 8 Jun 2016 05:00am EDT 

SAS : May traffic figures . Says scheduled traffic (RPK) increased 11.3 pct and capacity (ASK) was up 9.5 pct . Says scheduled load factor improved by 1.2 p.u. vs last year to 73.4 pct .Says preliminary currency adjusted yield and PASK were down 6 pct and 5 pct respectively in May.  Full Article

SAS to retain ground handling operations at main airports
Wednesday, 4 May 2016 02:00am EDT 

SAS AB:In line with letter of intent signed in Sept. 2015, SAS and Aviator Airport Alliance Europe AB (Aviator) have agreed to continue negotiations in respect of transfer of SAS Ground Handling's stations in Gothenburg and Malmö to Aviator.SAS has decided not to outsource ground handling at airports of Copenhagen, Oslo, Stockholm.Says had in Sept. 2015 signed a letter of intent with Aviator concerning the transfer of ground handling at main airports in Scandinavia and in Gothenburg and Malmö.  Full Article

SAS wins order worth SEK 1.1 billion
Thursday, 17 Mar 2016 04:30am EDT 

SAS AB:Wins order worth 1.1 billion Swedish crowns.Extends charter-flight agreement with Apollo.  Full Article

SAS to book 70 mln EUR fine reversal as EU Commission does not appeal EU General Court's judgment
Monday, 29 Feb 2016 11:30am EST 

SAS AB:The EU Commission does not appeal the EU General Court's judgment and 70.2 million euros will be returned to SAS.In 2010, SAS was fined for participating in a cartel but appealed and in 2015, the European General Court annulled the EU Commission's decision.The EU Commission has informed that it does not intend to appeal the judgment.SAS will recognize the reversal as a non-recurring item in Q2.The EU Commission has the ability to make a new decision in relation to this matter.  Full Article

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SAS agrees wage deal with pilots in Norway, avoids strike

OSLO Scandinavian Airlines has signed a new wage agreement with the company's pilots in Norway, averting a strike, trade union Parat and SAS said.