SAS reports less passengers in January as a direct consequence of increased travel restrictions

Scandinavian Airlines-SAS issued this traffic report for January 2021:

During January, 280,000 passengers flew with SAS, a decrease of 28% compared to December, when demand was higher during the holidays. Compared to January last year, the number of passengers decreased by some 85%. Compared to December, SAS’ capacity decreased by 15%, which corresponds to a decrease of almost 78% compared to last year. The load factor was 30%, a decrease of about 3 percentage points compared to December and 37 percentage points in comparison to last year.

“During January, new travel restrictions have been introduced at short notice in Scandinavia and the rest of the EU. This means that as of February 1, all SAS’ international destinations have either requirement for quarantine, requirements for a negative PCR test or a general entry ban for non-residents. Reintroduced and extended travel restrictions have significantly reduced the demand for air travel and has forced SAS to adapt both the offered destinations and departures to the prevailing conditions. The increased restrictions mean that we estimate that demand, and thus our capacity, will remain at low levels for the rest of the winter season” says Rickard Gustafson, CEO SAS.

SAS scheduled traffic Jan21 Change1 Nov20- Jan21 Change1
ASK (Mill.) 801 -77.1% 2 748 -74.5%
RPK (Mill.) 240 -89.5% 804 -89.1%
Passenger load factor 29.9% -35.7 p u 29.3% -39.2 p u
No. of passengers (000) 280 -85.2% 998 -83.7%
Geographical development, schedule Jan21           vs.          Jan20 Nov20- Jan21    vs.   Nov19-Jan20
RPK ASK RPK ASK
Intercontinental -96.4% -81.2% -96.4% -80.5%
Europe/Intrascandinavia -90.4% -83.9% -90.7% -83.2%
Domestic -72.6% -53.2% -69.1% -41.6%
SAS charter traffic Jan21 Change1 Nov20- Jan21 Change1
ASK (Mill.) 7 -95.8% 21 -95.9%
RPK (Mill.) 3 -98.2% 8 -98.3%
Load factor 38.9% -53.8 p u 38.1% -54.3 p u
No. of passengers (000) 1 -98.7% 2 -98.5%
SAS total traffic (scheduled and charter) Jan21 Change1 Nov20- Jan21 Change1
ASK (Mill.) 808 -77.9% 2 769 -75.4%
RPK (Mill.) 242 -90.1% 812 -89.6%
Load factor 30.0% -36.9 p u 29.3% -40.2 p u
No. of passengers (000) 281 -85.5% 1,001 -84.0%

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

Preliminary yield and PASK Jan21 Nominal change FX adjusted change
Yield, SEK 1.20 22.6% 29.8%
PASK, SEK 0.36 -44.1% -40.9%
Jan21
Punctuality (arrival 15 min) 72.8%
Regularity 98.4%
Change in total COemissions, rolling 12 months -73.8%
Change in COemissions per available seat kilometer -7.5%
Carbon offsetting of passenger related emissions 43%

Definitions:

RPK – Revenue passenger kilometers
ASK – Available seat kilometers
Load factor – RPK/ASK
Yield – Passenger revenues/RPK (scheduled)
PASK – Passenger revenues/ASK (scheduled)
Change in COemissions per available seat kilometers – SAS passenger related carbon emissions divided with total available seat kilometers (incl. non-revenue and EuroBonus), rolling 12 months
Carbon offsetting of passenger related emissions – Share of SAS passenger related carbon emissions compensated by SAS (EuroBonus members, youth tickets and SAS’ staff travel)

From fiscal year 2020 we report change in CO2 emissions in total and per Available Seat Kilometers (ASK) to align with our overall goal to reduce our total CO2 emissions by 25% by 2025, compared to 2005.