Tuesday, 8 December 2020

Passenger numbers down 86% in November reports SAS

Scandinavian Airlines System - SAS saw passenger numbers reduce by 86% during November compared to the same month last year.  The airline reported just 331,000  people flew on its flights during the month - down 45% compared to the previous month. 

The load factor came in at 25.3%, down some 45 percentage points compared to last year and 13% compared to October. The decline in number of passengers and load factor was driven by the accelerated number of reported COVID-19 cases across Europe, resulting in renewed travel restrictions followed by a significant drop in demand, also for domestic travel. In addition, we have noted an increased number of no-show passengers in November, impacting the load factor negatively versus the previous month. Furthermore, as we have gradually reduced our European and Scandinavian capacity, intercontinental traffic sustained by cargo revenues, have a larger proportional share of the reported load factor, and thus impacting comparison with the previous month negatively.  

“The sharp increase in the number COVID-19 cases, reintroduced travel restrictions and recommendations for social distancing, instantly impacted overall demand and willingness to travel. Even though SAS quickly responded by reducing offered capacity, unavoidable lead time from implemented crew rosters and adherence to local furlough schemes, unfortunately created some unbalance between capacity and demand during the month. However, entering into December, we have made further adjustments to adapt our capacity with available demand for Scandinavian connectivity” says Rickard Gustafson, CEO SAS.

SAS scheduled trafficNov20Change1
ASK (Mill.)1 001-73.9%
RPK (Mill.)252-90.6%
Passenger load factor25.1%-44.3 p u
No. of passengers (000)330-85.7%
Geographical development, scheduleNov20            vs.         Nov19
SAS charter trafficNov20Change1
ASK (Mill.)8-95.3%
RPK (Mill.)3-98.0%
Load factor39.3%-54.1 p u
No. of passengers (000)1-97.7%
SAS total traffic (scheduled and charter)Nov20Change1
ASK (Mill.)1 009-74.8%
RPK (Mill.)255-91.0%
Load factor25.3%-45.2 p u
No. of passengers (000)331-86.0%

1 Change compared to same period last year. p u = percentage units

Preliminary yield and PASKNov20Nominal changeFX adjusted change
Yield, SEK1,6557,6%64,7%
PASK, SEK0,41-43,0%-40,4%
Punctuality (arrival 15 min)94.6%
Change in total COemissions, rolling 12 months-63.1%
Change in COemissions per available seat kilometer-6.0%
Carbon offsetting of passenger related emissions32%

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