SAS Reports Fall in Demand in November

(07 Dec 2020)
SAS has reported that in November 2020, just 331,000
passengers flew with the airline, a decline of 86% year-on-year,
and down 45% when compared to October 2020.

During the month, SAS reduced its capacity by 75%
compared to November 2019, and by 20% when compared to the
previous month.

The load factor was 25.3%, down 45
percentage points when compared November last year and 13 percentage
points down on October 2020.


The decline in passenger numbers and load factor
was driven by the accelerated number of reported COVID19 cases
across Europe, resulting in renewed travel restrictions followed
by a significant drop in demand in international and domestic travel.

The airline has also reported an increase in the number of no-show passengers
in November, and, as SAS gradually reduced its
European and Scandinavian capacity, intercontinental traffic
sustained by cargo revenues have a larger proportional share of
the reported load factor, which impacts the comparison with the
previous month negatively.

“The sharp increase in the number COVID19 cases,
reintroduced travel restrictions and recommendations for social
distancing, instantly impacted overall demand and willingness to
travel,” said Rickard Gustafson, CEO SAS. “Even though SAS quickly
responded by reducing offered capacity, unavoidable lead time from
implemented crew rosters and adherence to local furlough schemes,
unfortunately created some unbalance between capacity and demand
during the month. However, entering into December, we have made
further adjustments to adapt our capacity with available demand
for Scandinavian connectivity.”

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