SAS passenger and revenue figures weaken

Oil prices and uncertainty regarding Spanair impact results

In its latest interim report for January-September 2011, just released today, SAS Group has posted reduced earnings for the quarter July-September of MSEK 10,616, up slightly from MSEK 10,776 in the same quarter last year. The number of passengers carried rose by 0.3 million, or 4.1%. Net income for the period declined to MSEK 214.
Key ratios for the January-September period include MSEK 31,248 in revenues, up from MSEK 30,417 for last year and a rise of 1.7 million passengers, up 9.4%. Net income for the year is MSEK 392 (-2,265). The figures show that passenger and revenue increases are weakening and net income continues to fall. Oil prices and uncertainty are impacting results, SAS said, as well as uncertainty regarding Spanair.
[photo courtesy SAS]


Check Also

SAS, coffin, casket Gdansk, Poland, Kristiansand, Tromso, flight, wrong, cargo

Wrong coffin sent to Gdansk: SAS investigates

The casket containing the body of a Norwegian man was flown to Poland by mistake – and buried.

SAS, LOT, Heathrow, London, noise, aircraft, descent, MAX, Boeing, Continuous Descent Approaches, list, greenest, quietest

SAS is “quietest and greenest” at Heathrow

The airlines SAS and LOT have been singled out for praise by one of the busiest airports in the world.

Primera Air, airlines, list, low-cost, long-haul, cheapest, Rome2Rio, ranking, cost per kilometre, SAS, Norwegian, Finnair, Virgin, world, Global Flight Pricing

Cheapest airlines in the world listed

Airlines are ranked according to the lowest fares for passengers in terms of cost per kilometre.

SAS, wifi, internet, price, cost, flight, air travel, free, go, premium, business, high-speed, wireless, device, steam

SAS rolls out fast wi-fi on Europe routes

SAS declares the new high-speed connectivity to be the “best product on the market”.

SAS, food, Nordic, new, menu, inflight, SAS Plus, local, seafood

SAS presents new Nordic summer menu

It’s the tiny details that count in New Nordic City, now being served to SAS Plus passengers.

SAS, Heathrow, London,

New routes and extra flights for Sweden

SAS plans increased air traffic from Stockholm Arlanda and Gothenburg for winter 2018-19.