SAS announces the number of travelers stabilized in November, but uncertainty remains

Scandinavian Airlines-SAS issued this report:

In November more than 1.3 million passengers traveled with SAS, an increase by just over 300% year on year. At the same time SAS increased its capacity by 143% compared to last year and came in at a similar level versus the previous month. The flown load factor was 61%, which is up 36 percentage points (p p) compared to last year and 1.6 p p increase compared to October. Eased travel restrictions subsequently lead to increased ticket sales both internationally and domestically, which is clearly seen comparing numbers with last year as well as with earlier months.

“We have seen a gradual increase of demand over the past few months as travel restrictions have been lifted. Demand and ticket sales have stabilized ahead of the winter, which in general is a slower period. However, with new versions of the COVID-19 virus spreading across the globe, the future continues to be uncertain. Entering the winter season, we need to remain flexible when it comes to our capacity in order to respond to the demand amongst Scandinavia’s travelers” says Anko van der Werff, President & CEO of SAS.

SAS scheduled traffic Nov21 Change1
ASK (Mill.) 2 371 136.8%
RPK (Mill.) 1 429 467.7%
Passenger load factor 60.3% 35.1 pp1
No. of passengers (000) 1 309 296.8%
Geographical development, schedule Nov21            vs.         Nov20
RPK ASK
Intercontinental 943.8% 145.6%
Europe/Intrascandinavia 786.7% 356.1%
Domestic 153.5% 12.3%
SAS charter traffic Nov21 Change1
ASK (Mill.) 79 874.6%
RPK (Mill.) 66 1948.4%
Load factor 82.6% 43.3 pp1
No. of passengers (000) 18 1777.1%
SAS total traffic (scheduled and charter) Nov21 Change1
ASK (Mill.) 2 451 142.8%
RPK (Mill.) 1 495 486.3%
Load factor 61.0% 35.7 pp1
No. of passengers (000) 1 327 301.1%

1 Change compared to same period last year. pp = percentage points

Preliminary yield and PASK Nov21 Nominal change FX adjusted change
Yield, SEK 1.06 -35.9% -37.0%
PASK, SEK 0.64 53.8% 51.0%
Nov21
Punctuality (arrival 15 min) 82.4%
Regularity 97.2%
Change in total COemissions, rolling 12 months -17.1%
Change in COemissions per available seat kilometer -10.7%
Carbon offsetting of passenger related emissions 56.6%

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 tickets), rolling 12 months vs rolling 12 months previous year

Carbon offsetting of passenger related emissions – Share of SAS passenger related carbon emissions compensated by SAS (EuroBonus members, youth tickets and SAS’ staff travel) during the month

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.