SAS Traffic Figures for December 2022: Fewer Flights and Punctuality Issues

The airline flew fewer flights than the previous month, and were less punctual.

SAS aircraft at Gardermoen in snowy weather. Photo: Javad Parsa / NTBPublished:

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The traffic figures for December show that SAS flew 1.6 million passengers in December. This corresponds to an increase of six percent compared to the same month in 2022.

In comparison, SAS carried 1.8 million passengers in November.

SAS and passengers experienced problems in the form of delays and cancellations after the storm “Pia” at the end of December. Several SAS flights between Gardermoen and abroad were cancelled.

Punctuality falls in December to 63.1 per cent from 75.8 per cent. It is measured by the proportion of departures within 15 minutes of normal time.

The proportion of completed flights compared to planned also fell, to 92.5 per cent from 99.2 per cent.

The traffic figures for December

• The occupancy rate was 73.3 percent
• The income per passenger kilometer flown (yield) was SEK 1.02
• The capacity (ASK) was 3.03 billion seat kilometres
• Actual passenger traffic (RPK) was 2.22 billion seat kilometres
• 98.5 per cent of scheduled flights were carried out
• Punctuality, measured as the proportion of departures within 15 minutes of normal time, was 63.1 per cent

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New owners

During November, the US court approved SAS’s investment agreement with winning bidders as part of the financing process.

– We are very proud to have reached this milestone in our “SAS Forward” plan, and it shows SAS’ potential to remain at the forefront of aviation in the years to come, says van der Werff in a statement.

SAS has put in place new owners who will initially inject over 13 billion Swedish kroner. This ensures SAS’s funding for the future.

A consortium consisting of Air France-KLM, the investment company Castlelake and the Danish investor Henrik Lind, together with the Danish state, signed 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 only receive crumbs. SAS will be delisted during 2024.

Billion deficit

SAS presented a quarterly report at the end of November which showed yet another thunderous deficit.

The airline lost over two billion Swedish kroner in the period August-October, and 5.7 billion in total for the financial year, which for SAS runs from November to November.

Behind this is a weak Swedish krone against the dollar and euro, high fuel costs, and expensive loans linked to the company’s reconstruction. At the same time, both turnover and the number of passengers rose compared to last year.

This means the traffic figures

Yield indicates the income per passenger kilometer flown, or seat with passenger occupancy.

The occupancy rate, or cabin factor, indicates how large a proportion of the plane’s seats have been booked. In a plane with 200 seats and a cabin factor of 77 percent, there will thus be 154 seats with passengers. The higher the degree of filling, the better.

Total capacity (ASK) indicates how many seat kilometers the company has flown in a period. If a plane with 200 seats flies one kilometer, 200 seat kilometers have been produced.

Revenue-generating seat kilometers (RPK) are the number of seat kilometers flown where there were passengers in the seats.

If you divide RPK by ASK, you get the degree of filling.

You can also calculate the company’s ticket revenue by multiplying the yield by revenue-generating seat kilometers (RPK).

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2024-01-08 10:00:14
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