The new report from last quarter with the latest SAS traffic figures was just published! Emerging from the shadows of the pandemic, SAS has registered impressive gains. The airline reported an unparalleled surge in its third-quarter passenger figures, reaching almost 7 million—the highest since the pre-pandemic era. Additionally, after a long hiatus since 2019, SAS returned to profitability this quarter.
The commendable performance is not just an end in itself. SAS remains poised and focused on the road ahead, aiming to ensure its long-term position in the aviation market. Despite the broader economic landscape’s uncertainties, the significant boost in Q3 ticket sales points to a sustained and robust demand for travel.
While external challenges, particularly air traffic control constraints at Copenhagen Airport, threatened smooth operations, the dedication and resilience of the SAS team effectively mitigated potential disruptions.
From a corporate standpoint, SAS has made considerable progress in its Chapter 11 process in the US, aligning with its broader SAS FORWARD strategy. The airline initiated an expansive equity solicitation drive, reportedly attracting significant attention from prospective investors.
You can read the full PDF report here.
SAS Traffic Figures Q2 2023
Third Quarter Financial Overview (May-July 2023)
- Revenue: MSEK 13,173 (Year Ago: 8,580)
- Income Before Tax: MSEK 457 (Year Ago: -1,991)
- Net Income: MSEK 461 (Year Ago: -1,848)
- Earnings per Share: SEK 0.06 (Year Ago: -0.25)
Several pivotal events have marked this quarter:
- The European Union’s General Court’s decision on SAS’s 2020 recapitalization.
- The airline obtained approval for its equity solicitation plan.
- Sustainable aviation fuel collaboration with Skellefteå municipality.
- Anticipations suggest minimal recovery for specific creditors post the Chapter 11 process.
The transformation initiative, SAS FORWARD, launched in early 2022, continues to be a guiding light for the airline, especially in these tumultuous times. Through effective collaborations and continuous engagement with stakeholders, the airline is geared to emerge revitalized with an optimized fleet and fortified capital.
In a strategic move, also announced expanded routes. The airline has reintroduced the direct Copenhagen to Bangkok route and initiated its first-ever flights to Agadir, Morocco.
Accolades and Recognitions
Star Alliance has earned the prestigious title of the World’s Best Airline Alliance at the renowned Skytrax World Airline Awards—a testament to their unwavering commitment to top-notch service.
The airline continues to champion the cause of environmental sustainability in aviation. Notable partnerships with Skellefteå Municipality and its pioneering endeavors in commercial electric flights underscore this commitment.