Scandinavian Airlines-SAS made this announcement:

Since 2019, travelers flying with SAS can voluntarily choose to buy biofuel. To increase the use of sustainable aviation fuels, such as biofuel, is an important step to reduce climate-impacting carbon emissions when flying and SAS will now reward EuroBonus members with extra points when adding biofuel.

Sustainable aviation fuels, such as biofuel, reduce CO₂ emissions in the lifecycle with up to 80 per cent. All SAS travelers can already purchase biofuel when booking, by adding 20-minute blocks of biofuel.

Starting December 14th, SAS will reward its EuroBonus members with 500 EuroBonus Extra points for every 20-minute block they buy.

SAS aims to be the global leader in sustainable aviation and works hard to cut emissions. This is achieved for example with modern and fuel-efficient aircraft, and by using more sustainable aviation fuels.

Compared to fossil fuels, sustainable aviation fuels, like biofuel, dramatically reduce the climate-impacting CO₂ emissions in the lifecycle. Additionally, SAS continues to carbon offset all EuroBonus members’ flights with SAS, free of charge.

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.

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

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 CO₂ emissions 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.

Scandinavian Airlines-SAS issued this 4Q financial report:

AUGUST 2021–OCTOBER 2021

• Revenue: MSEK 5,762 (3,035)
• Income before tax (EBT): MSEK -945 (-3,252)
• Income before tax and items affecting comparability: MSEK -911 (-3,024)
• Net income for the period: MSEK -744 (-2,566)
• Earnings per common share: SEK -0.12 (-4.44)

SIGNIFICANT EVENTS DURING THE QUARTER

• During the quarter, the number of passengers increased and more tickets were sold
• Operations were scaled up to meet demand while more destinations opened up
• SAS signed an agreement for the pre-delivery payment financing of about USD 100 million, covering ten A320neo aircraft with deliveries into Q2 FY2023

SIGNIFICANT EVENTS AFTER THE QUARTER

• SAS established a partnership with Vattenfall, Shell and LanzaTech to investigate large-scale production of synthetic sustainable aviation fuel

NOVEMBER 2020–OCTOBER 2021

• Revenue: MSEK 13,958 (20,513)
• Income before tax (EBT): MSEK -6,525 (-10,097)
• Income before tax and items affecting comparability: MSEK -6,382 (-8,565)
• Net income for the period: MSEK -6,523 (-9,232)
• Earnings per common share: SEK -0.94 (-21.45)

COMMENTS BY THE CEO

It is encouraging to note the continued positive trend from the summer, with demand and ticket sales rising. However, 2021 was one of the most challenging years in the history of the aviation industry and the future remains hard to predict, primarily due to challenges connected to the ongoing pandemic.

IMPROVED QUARTERLY RESULTS STILL AFFECTED BY THE ONGOING PANDEMIC

Customer demand continued to increase through the year’s last quarter and as a result, our capacity increased 43% compared with the third quarter. Passengers flying with SAS increased 73% compared to the last quarter and the flown load factor reached approximately 60%, an increase of 7 percentage points compared with the earlier quarter. Still, uncertainties remain regarding the development of the COVID-19 pandemic and the transformation of SAS has to continue – to adapt to the new market. Earnings before tax ended at negative SEK 0.9 billion, which is an improvement of SEK 0.5 billion compared with last quarter, or a SEK 2.3 billion improvement year-on-year.

Total revenue increased 45% compared with the third quarter, an improvement of approximately SEK 2.7 billion compared with last year, but still 57% below the fourth quarter in 2019, which was unaffected by COVID-19.

ADAPTING SAS TO A NEW MARKET REALITY

Cost reductions across all of SAS remain in focus to optimize our competitive capability. Total operating expenses during the quarter ended at SEK 6.2 ­billion and total operating revenue landed at SEK 5.8 billion. Market dynamics have changed substantially during the pandemic and affect the entire airline industry. This requires SAS to take the next steps in the development of our operating model to ensure SAS is cost efficient and competitive. We are starting operation of SAS Connect out of Copenhagen in early 2022 and are evaluating possibilities to expand SAS Connect and to open bases in Stockholm and Oslo during the year.

We are also evaluating fleet options to handle thinner flows of passengers in our network – to ensure that we can offer competitive advantages, an attractive timetable for customers and lower the total environmental footprint.

We have now had a positive operating cash flow during two consecutive quarters. The work to preserve liquidity continues and at the end of the quarter, the cash position was at SEK 4.3 billion, which is similar to the cash position of SEK 4.4 billion at the end of Q3. During the quarter, SAS signed a predelivery payment financing of approximately USD 100 million that will cover financing of ten A320neo aircraft with deliveries into Q2 2023. The credit line that was established during Q3 with the major shareholders, is still fully undrawn, and provides a solid liquidity buffer during the pandemic recovery phase, should it be needed.

DEVELOPING OUR CUSTOMER OFFERING AND RE-OPENING ROUTES

When restrictions and demand allow, we will open more routes, and this winter we are flying more than 150 routes to 90 destinations. SAS has to remain agile to be able to quickly respond to changes in customer demand, which will be one of the success factors for airlines going forward. As a direct result of the US opening up for travelers, we have increased the number of flights to and from the US. SAS operates new, fuel-efficient A350 Airbus aircraft to the US, which have 30% lower fuel consumption compared to the aircraft they are replacing.

We also continue the development of our customer offering through the determined work with digitalization and personalization. For example, by expanding our SAS Go Light on our total network, where customers can choose competitively priced tickets and then add travel extras such as bags and seat selection.

SAS is a global leader in sustainable aviation. Reducing climate-impacting carbon emissions and striving to increase the supply and use of sustainable aviation fuels (SAF) are important components of that ambition. We are therefore proud to be part of a collaboration with Vattenfall, Shell and Lanzatech, to investigate the production of the world’s first synthetic sustainable aviation fuel. When full production is up and running, it could provide SAS with up to 25% of its requirement for sustainable aviation fuel in the 2030s.

LOOKING AHEAD

We remain cautious due to prevailing uncertainties, but see that underlying demand is healthy once restrictions are lifted, both for business and leisure travel. Short-term effect of recent developments needs yet to be fully analyzed, however we remain optimistic for the peak periods ahead of us. During the pandemic, we see that demand for travel has changed and SAS expects a greater number of leisure travelers and even more intense competition in the future.

I am grateful for all the hard work that all my colleagues at SAS are carrying out during our transformation, to ensure our performance remains at a high level and to always take care of our customers in the best possible way. Together with dedicated colleagues, a strong brand and operational excellence, we are working our way through these challenging times.

We welcome you on board our aircraft in one of Europe’s most modern fleets!

Anko van der Werff,

President and CEO

Stockholm, November 30, 2021

New York City as seen from above

SAS made this announcement:

As a direct result of the US now opening to more visitors, demand for travel is rising sharply. SAS is now updating its traffic program and increasing the number of flights to and from the US.

Flight bookings with SAS to the US over Christmas and New Year have increased significantly. SAS is offering up to 100 flights per week during the Christmas and New Year period to and from Scandinavia.

SAS resumed the route from Stockholm to Miami on November 8 and will resume the route from Copenhagen on November 10 and from Oslo on November 11. This means that SAS will have daily flights to Miami from Scandinavia during the winter.

SAS is also increasing the number of departures to New York and will fly twice daily from Copenhagen, Oslo, and Stockholm, starting November.

SAS flies daily from Copenhagen to Chicago and will start flights from Stockholm to Chicago from mid-December.

SAS will increase the number of flights to Los Angeles, San Francisco and Washington DC from Copenhagen over Christmas and New Year.

SAS flies to the US with modern Airbus aircraft with fuel-efficient engines. The new aircraft have 15-30 % lower fuel consumption compared to the aircraft they are replacing. The new, state-of-the-art aircraft offer SAS’ customers a more comfortable, pleasant, and sustainable way of traveling.

Scandinavian Airlines-SAS has issued this traffic report:

In October 1.4 million passengers flew with SAS, an increase of more than 130% compared to the same month last year. Customer demand continues to increase and so does SAS’ capacity, which was 100% higher than the same month last year. The load factor for October was 62%, an improvement of 23 percentage points compared to October last year.

“It’s positive to see that the increase in travelers continues also after the summer season, and that the ticket sales are going up. In October, passengers flying with SAS increased with more than 250.000, compared to September. The ramp-up continues and both capacity and load factor are higher this month. We still face challenges and an unpredictable future, which makes it very important to stay competitive. We have to be agile to be able to respond to changes in customer demand going forward,” says Anko van der Werff, President & CEO of SAS.

¹ Change compared to same period last year, p p = percentage points

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 CO₂ emissions 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.

Scandinavian Airlines-SAS released this statement:

Vattenfall, SAS, Shell and LanzaTech will together investigate the production of the world’s first synthetic sustainable aviation fuel (SAF) using the LanzaJet^TM “Alcohol to Jet” technology on a large scale in Sweden. Instead of using virgin fossil material in the production process, the synthetic SAF will be produced from fossil free electricity and recycled carbon dioxide from district heating.

The goal is that a new production facility will produce up to 50,000 tonnes of synthetic SAF annually, provided that an investment decision is made at a later stage. The synthetic SAF, also known as electrofuel, will be produced from fossil free electricity and recovered carbon dioxide using the  LanzaJet “Alcohol to Jet” technology, developed by LanzaTech and the U.S Department of Energy’s Pacific Northwest National Laboratory (PNNL). When full production is up and running it could provide SAS with up to 25 per cent of its global demand for sustainable aviation fuel in the 2030s.

A joint study has shown promising conditions for the project, and all partner companies now agree to carry out in-depth analyses. The ambition is to commission the new production facility sometime between 2026 and 2027 near Forsmark on Sweden’s east coast.

The aim of the project is to get the production of electrofuel started in Sweden. The companies have signed a Memorandum of Understanding and agreed that Vattenfall will investigate fossil free electricity supply, hydrogen production and carbon dioxide recovery. Shell will investigate fuel production, logistics and be the electrofuel buyer. LanzaTech will provide its gas fermentation expertise to make ethanol from the input gas streams and parties will license the LanzaJet “Alcohol to Jet” technology to convert the ethanol to electrofuel. SAS will participate as a potential buyer of the electrofuel.

Facts:

• Electrofuel is one type of SAF (Sustainable Aviation Fuel).
• In contrast to fossil feedstock, fossil free electricity, recycled carbon dioxide and water will be the only inputs to the process of making electrofuel. Electricity will mainly be used to make hydrogen via electrolysis. Carbon dioxide plus hydrogen can be converted by LanzaTech’s process into ethanol which is then converted via the LanzaJet Alcohol to Jet process to the aviation electrofuel.
• Rather than be released, the carbon dioxide from a district heating facility will be captured and used for electrofuel production. When electrofuel is combusted by aircraft engines, the captured carbon dioxide is released into the atmosphere after being  utilized a second time. The raw materials planned to be used are fossil free electricity from the Swedish electricity grid and carbon dioxide collected from Vattenfall’s combined heat and power plant in Uppsala, where approximately 200,000 tonnes of carbon dioxide can be recovered per year.
• Today’s aircraft are certified to fly with a maximum of 50% SAF  depending on production pathway and the remainder with traditional aviation fuel.
• Our annual planned SAF production of 50,000 ton would strongly contribute to the Swedish national targets of a fossil free domestic air travel and corresponds to about 30% of the needed Jet fuel to reach that target.

Scandinavian Airlines-SAS “is “fighting to survive” with mounting debts, falling demand from business customers and disgruntled employees among its issues” according to a report by Forbes.

https://www.forbes.com/sites/davidnikel/2021/10/25/sas-ceo-airline-fighting-to-survive/?sh=7cf7459632ba

Scandinavian Airlines-SAS

As demand for travel increases, SAS continues to open up new destinations and more frequent flights. SAS will fly more than 150 routes to 90 destinations during winter 2021-2022.

SAS is also increasing the number of flights between the Scandinavian capitals and to other important destinations in its network to further improve connectivity as travel increases. This includes more flights to the UK from the three Scandinavian capitals – to London, where SAS flies three daily round trips from each capital, and to Manchester.

To meet the growing demand for business and leisure trips, SAS is also increasing the number of flights to other major European cities such as Brussels, Dublin, Frankfurt, Hamburg, Helsinki, Munich, Oslo and Paris.

The SAS winter program offers skiers attractive timetables to a total of nine winter destinations – Sälen/Trysil and Östersund in Sweden, Salzburg and Innsbruck in Austria, Milan and Venice in Italy, Munich in Germany and Geneva and Zurich in Switzerland.

This winter, SAS will resume several routes from Denmark and Copenhagen to eastern and central Europe to cities such as Stuttgart, Tallinn, Poznan, and Wroclaw.

In Norway, the demand for domestic travel is rising and SAS is therefore increasing the number of flights to Bergen, Stavanger, Bardufoss and Haugesund, as well in Western Norway. SAS is also resuming direct flights between Trondheim and Tromsø and between Oslo and Manchester.

SAS is introducing new routes from Sweden for its winter program. The new routes that are now opening are Stockholm-Kyiv, Stockholm-Tenerife, and Gothenburg-Gran Canaria. The route from Stockholm to Madeira is also resuming.

Full list of SAS destinations for winter 2021-2022:

For more information, please contact: 
SAS Press Office, phn +46 8 797 2944

SAS, Scandinavia’s leading airline, with main hubs in Copenhagen, Oslo and Stockholm, flies to destinations in Europe, USA and Asia. Spurred by a Scandinavian heritage and sustainability values, SAS aims to be the global leader in sustainable aviation. We will reduce total carbon emissions by 25 percent by 2025, by using more sustainable aviation fuel and our modern fleet with fuel-efficient aircraft. In addition to flight operations, SAS offers ground handling services, technical maintenance and air cargo services. SAS is a founding member of the Star Alliance™, and together with its partner airlines offers a wide network worldwide.

Scandinavian Airlines-SAS has made this announcement:

As demand for both leisure and business travel to the United States increases, SAS expands the number of flights from Stockholm and Oslo to New York.

New York will be served with daily flights from Stockholm as well as with 4 weekly flights from Oslo, in addition to existing daily flights from Copenhagen. SAS will in total be flying 12 direct routes to the United States this fall and winter.

SAS’ US routes and departures Fall/Winter 2021:

• Copenhagen-New York – 7 weekly
• Copenhagen-Chicago – 7 weekly
• Copenhagen-Los Angeles – 4 weekly
• Copenhagen-San Francisco – 3 weekly
• Copenhagen-Washington DC – 3 weekly
• Copenhagen-Boston –  3 weekly
• Copenhagen-Miami – 3 weekly
• Oslo-New York – 4 weekly
• Oslo-Miami – 1 weekly
• Stockholm-New York – 7 weekly
• Stockholm-Chicago – 3 weekly
• Stockholm-Miami – 3 weekly