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SAS AB (SASNOK.OL)

SASNOK.OL on Oslo Stock Exchange

15.50NOK
26 May 2017
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Latest Key Developments (Source: Significant Developments)

SAS April scheduled traffic rose 15.8 pct
Monday, 8 May 2017 05:00am EDT 

May 8 (Reuters) - SAS :Traffic figures April 2017.Scheduled traffic (RPK) increased 15.8 pct and the capacity (ASK) was up 6.6 pct.The load factor was positively affected by the timing of the Easter holiday and increased by 6.1 p.u. versus last year to 75.7 pct.SAS carried 2.4 million scheduled passengers in April, up 2.4 pct vs. last year.The preliminary currency adjusted yield and PASK were down 10 pct and 2 pct.The nominal yield was down 7 pct and the nominal PASK was up 1 pct.  Full Article

Airline SAS says finances seven Boeing 737
Friday, 28 Apr 2017 07:30am EDT 

April 28 (Reuters) - SAS AB :Says finances 7 Boeing 737.Says financing is undertaken through a so called Japanese Operating Lease with Call Option.Says value of transaction corresponds to MUSD 101 and cash has been transferred to SAS during Q2 2016/2017.Says transaction will not have any earnings impact.  Full Article

SAS March traffic up 10 pct, yield down 3 pct
Friday, 7 Apr 2017 05:00am EDT 

SAS AB : Sas traffic figures - march 2017 . Says scheduled traffic (rpk) increased 9.7% and capacity (ask) was up 12.2%. . Says load factor was affected by timing of easter holiday and decreased by 1.6 p.u. Versus last year to 69.8% . Says preliminary currency adjusted yield and pask were down 3% and 5% in march 2017 .Says although demand is growing, operating environment is more challenging, with yield at historically low levels.  Full Article

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

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