SAS Ticket Sales Continue to Decline

Rickard Gustafson

writer icon Tormod Birch     SAS   |   Business     🕐 08. Sep. 2020

Yesterday, Scandinavian Airlines (SAS) released the number of passengers and capacity in August 2020. The numbers showed a decrease by 74 and 73 percent respectively, versus the same period last year.

However, August also recorded a small increase of 12 000 passengers when compared to July this year.

Negatively Impacted
SAS' traffic continues to be negatively impacted by COVID-19. In August, total capacity was down by 73.4 percent compared to the same period last year and the number of passengers decreased by 2.1 million.

Demand has recovered somewhat better within Scandinavia than in other parts of their route-network and SAS has deployed its capacity accordingly.

“During fall we aim to increase the number of flights and re-open more routes, in line with the re-bounce in demand. Primarily we’ll resume domestic traffic in Denmark, Norway and Sweden, but also re-open 18 routes to key European destinations. Furthermore, we aim to resume flights to Asia and once again offer flights across all three continents where we normally operate,” said Rickard Gustafson, CEO of SAS.

Bondholders Voted for a New Plan
Last week, the SAS bondholders approved the rescue plan that the company presented this summer.

However, the plan is not in place until the shareholders have cast their votes on 22 of September.

Norwegian, a competitor airline to SAS, has also started with regular reporting of traffic figures again and released its August figures on Friday. The gloomy report showed a drop in ticket revenues of 3.7 billion last month.

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