The airline operated fewer flights than the previous month and was less punctual.
SAS aircraft at Gardermoen in snow. Photo: Javad Parsa / NTBPublished:
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December traffic data shows that SAS carried 1.6 million passengers in December. This corresponds to an increase of 6% compared to the same month in 2022.
By comparison, SAS carried 1.8 million passengers in November.
After the “Pia” storm in late December SAS and passengers experienced problems in the form of delays and cancellations. Several SAS flights between Gardermoen and abroad have been cancelled.
In December punctuality drops from 75.8 to 63.1%. It is measured based on the percentage of departures within 15 minutes of the normal time.
The percentage of completed versus planned flights also dropped from 99.2% to 92.5%.
December traffic data
- The occupancy rate was 73.3%.
- The revenue per passenger-kilometer flown (yield) was 1.02 SEK
- Capacity (ASK) was 3.03 billion seat-kilometres
- Actual passenger traffic (RPK) was 2.22 billion seat-kilometres
- 98.5% of scheduled flights were carried out
- Punctuality, measured as the percentage of departures within 15 minutes of the normal time, was 63.1%.
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New owners
In November, the US court approved SAS’s investment agreement with the successful bidders as part of the financing process.
– We are very proud to have reached this milestone in our “SAS Forward” plan, and this demonstrates the potential for SAS to remain at the forefront of aviation in the years to come, says van der Werff in a statement.
SAS has created new owners who will initially inject over SEK 13 billion. This secures the financing of SAS for the future.
A consortium of Air France-KLM, the investment company Castlelake and the Danish investor Henrik Lind has signed, together with the Danish state, a binding agreement with SAS.
At the same time it is clear that today’s approximately 255,000 shareholders, as well as unsecured creditors, will lose everything, while secured creditors will receive only crumbs. SAS will be delisted during 2024.
Billion-dollar deficit
At the end of November SAS presented a quarterly report highlighting yet another huge deficit.
The airline lost more than two billion Swedish crowns in the August-October period, and 5.7 billion in total in the financial year, which for SAS runs from November to November.
Behind all this lies the weakness of the Swedish krona against the dollar and the euro, high fuel costs and expensive loans linked to the reconstruction of the company. At the same time, compared to last year, both turnover and the number of passengers increased.
This means traffic data
Yield indicates the income per passenger-kilometer flown or seat with passenger occupancy.
The occupancy rate, or cabin factor, indicates the percentage of seats reserved on the aircraft. On a 200-seat aircraft and with a cabin factor of 77%, there will therefore be 154 seats with passengers. The higher the degree of filling, the better.
Total capacity (ASK) indicates how many seat kilometers the company flew in a period. If a 200-seat plane flies one kilometre, 200 seat-kilometres will be produced.
Revenue Generating Seat Kilometers (RPK) is the number of seat kilometers flown where there were passengers in the seats.
If you divide RPK by ASK, you get the fill rate.
You can also calculate your company’s ticket revenue by multiplying your yield by revenue-generating seat kilometers (RPK).
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2024-01-08 10:00:14
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