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SAS: capacity up but demand weakens

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SAS group traffic figures for October released

Traffic at Scandinavian Airlines during October increased by 0.8% and capacity was up 4%. However, load factor fell 2.3 percentage points to 72.3% and the number of passengers decreased by 1% to 2.4 million.

SAS says it increased its capacity by around 10% to, from and within the Norwegian and Swedish markets in October, resulting in the continued growth. Intercontinental capacity rose 4.1% due to the new route to San Francisco and additional frequencies on existing routes.

On European and intra-Scandinavian routes, capacity increased 4% as more European leisure routes were operated than last year. But demand did not absorb the added capacity. On domestic routes, traffic was down 0.2%. Adjusted for the closure of Finnish domestic routes, the domestic traffic increased 0.8%, the group said.

Overall, growth in the market has decreased since July with weakening demand and yield combined with intensified competition and overcapacity on certain routes, SAS admitted. Demand is strongest on intercontinental routes and relatively stable on routes within Scandinavia, but weaker on European routes.

TTG Nordic

[image courtesy SAS]

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