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SAS AB (SAS.ST)

SAS.ST on Stockholm Stock Exchange

15.10SEK
8 Dec 2016
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Latest Key Developments (Source: Significant Developments)

Airline SAS Oct. traffic up 13 pct, flags currency and fuel price headwind
Monday, 7 Nov 2016 05:09am EST 

SAS ABb : SAS traffic figures - October 2016 . Says preliminary currency adjusted yield and PASK were down 12 pct and 10 pct in october 2016. Nominal yield and pask were down 10 pct and 8 pct in October 2016. . Says scheduled traffic (RPK) increased 13 pct . Says scheduled load factor improved by 1.8 p.u. versus last year to 78.7 pct . Says the yield has declined more than anticipated during 2016 . Says during autumn jet fuel prices have started to increase combined with an unfavorable USD appreciation versus SEK . Says this has had a negative effect on working capital and earnings .Says altogether this will have a noticeable impact on financial development during August-October 2016.  Full Article

SAS Q3 adjusted pretax profit tops forecasts
Thursday, 8 Sep 2016 02:00am EDT 

SAS AB : Says Q3 income before tax and nonrecurring items: MSEK 1,003 (996) . Reuters poll: SAS was seen running fiscal Q3 adjusted pretax profit of sek 973 million . Says outlook for full year 2015/2016 is retained . "In total, SAS expects to be able to deliver a positive income before tax and nonrecurring items for the 2015/2016 fiscal year. The outlook is based on no unexpected events occurring" . Says capacity growth in Scandinavia is expected to increase about 5% during the whole fiscal year . Says SAS plans to increase capacity (ASK) in 2016/2017, the total increase will be lower than in 2015/2016 . Says year-on-year, jet-fuel costs were significantly lower in the November 2015 to July 2016 period. However, the decline will subside significantly in the fourth quarter . Says uncertainty in macro environment has increased .Says competition remains intense, which has led to continued pressure on yields and, at same time, uncertainty in macro environment has increased.  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

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

Deals of the day- Mergers and acquisitions

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