STOCKHOLM, Sweden, Aug. 7, 2002 (PRIMEZONE) -- The SAS Group:
1. Investor news
Yield development 2nd Quarter upgraded In the previous traffic and capacity data report, indications of yield development for the months April, May and June for Scandinavian Airlines were given. These indications are now upgraded and the final yield for 2nd Quarter showed an increase of 0,7%.
2. The SAS Group July traffic development - highlights
-- The group transported a total of 2,7 million passengers in July
2002 vs 2,0 million in 2001, an increase of 37%. (Spanair and
Braathens excluded from 2001)
-- Overall group passenger load factor increased 2,5 p.u to 71,7%.
-- Scandinavian Airlines traffic (RPK) decreased by 5,8%.
-- Scandinavian Airlines passenger load factor increased by 1,8 p.u.
to 74,0%
-- European passenger load factor increased by a strong 5,5 p.u
-- Scandinavian Airlines indications of passenger yields show an
increase of approx. 3-5%.
Record passenger load factors and increased yield in spite of negative passenger mix in Scandinavian Airlines The passenger load factors for Scandinavian Airline continued to improve in July and reached record levels on the important European routes. The development is comforting and in addition to improved passenger load factors for all other airlines in the group this is expected to continue to improve profitability going forward. In particular Braathens showed a record increase in passenger load factor of 9,2 p.u. following a successful summer campaign.
Early indications of passenger yield show that the negative mix development in Scandinavian Airlines was offset by other positive yield factors. This development is in line with Scandinavian Airlines strategy to reduce its exposure to the traditional Business Class traffic.
The continued improvements in passenger load factors and increased yields represent a significant uplift compared with the earlier months this year. The traffic and yield outlook remains stable.
The SAS Group will release its 2nd Quarter result today at approximately 14.00-15.00 CET.
For further information: SAS Group Investor Relations:
www.scandinavian.net Sture Stoelen, Investor Relations+46 (8) 797 1451
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The following files are available for download:
www.waymaker.net/bitonline/2002/08/07/20020807BIT00220/wkr0001.doc The full report www.waymaker.net/bitonline/2002/08/07/20020807BIT00220/wkr0002.pdf The full report