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SAS AB (SAS.ST)

SAS.ST on Stockholm Stock Exchange

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Latest Key Developments (Source: Significant Developments)

SAS Considers 1 Bln Swedish Crowns Tap Issue Of Bond Maturing Nov 2022
7:00am BST 

May 23 (Reuters) - SAS AB ::HAS DECIDED TO INVESTIGATE POSSIBILITY TO MAKE A TAP ISSUE OF BOND BY UP TO SEK 1 BN IN BEGINNING OF JUNE 2018.TAP WOULD BE TO FURTHER IMPROVE FINANCIAL FLEXIBILITY FOR AIRCRAFT INVESTMENTS, UPCOMING DEBT MATURITIES AND GENERAL CORPORATE PURPOSES.  Full Article

SAS scheduled traffic down 2.2 pct in April
Friday, 11 May 2018 

May 11 (Reuters) - SAS AB ::SAS TRAFFIC FIGURES - APRIL 2018.SAS AB SAYS LOAD FACTOR DECREASED BY 3.0 P.U. VERSUS LAST YEAR TO 72.7%..SAS AB SAYS SCHEDULED TRAFFIC (RPK) DECREASED 2.2% WHILE CAPACITY (ASK) INCREASED 1.9%..SAS AB SAYS PRELIMINARY CURRENCY ADJUSTED YIELD INCREASED 5% AND PASK INCREASED 1% IN APRIL 2018 VS. LAST YEAR.SAS AB SAYS NOMINAL YIELD INCREASED 7% AND NOMINAL PASK INCREASED 2% IN APRIL 2018 VS. LAST YEAR.SAS AB SAYS CAPACITY IN SCANDINAVIAN MARKET HAS ACCELERATED DURING AUTUMN AND WINTER 2017/2018.SAS AB SAYS THIS TREND IS EXPECTED TO CONTINUE DURING SPRING/SUMMER 2018..SAS AB SAYS SAS CONTINUED TO MAKE GREATER SEASONAL PRODUCTION ADJUSTMENTS, WHICH HAD A POSITIVE EFFECT ON YIELD/PASK.SAS AB SAYS IN PARALLEL, USD HAS INCREASED BY MORE THAN 10% DURING QUARTER VERSUS SEK.SAS AB SAYS THIS WILL HAVE A MATERIAL IMPACT ON USD DENOMINATED PROVISIONS RELATING TO LEASED AIRCRAFT/ENGINES, WHICH WILL NEGATIVELY IMPACT Q2 RESULT BY MORE THAN SEK 0.2BN.  Full Article

Gränges To Restart Production In Newport, Arkansas
Thursday, 3 May 2018 

May 3 (Reuters) - GRANGES AB ::GRÄNGES TO RESTART PRODUCTION IN NEWPORT, ARKANSAS - INVESTMENT OF USD 26 MILLION." WE EXPECT INVESTMENT TO MAKE A POSITIVE CONTRIBUTION TO EARNINGS IN 2019 AND BEYOND".  Full Article

SAS says scheduled traffic down 2.1 pct in February
Wednesday, 7 Mar 2018 

March 7 (Reuters) - SAS AB ::SAS TRAFFIC FIGURES - FEBRUARY 2018.SAS AB SAYS ‍SCHEDULED TRAFFIC (RPK) DECREASED 2.1% AND CAPACITY (ASK) WAS UP 0.1%.​.SAS AB SAYS ‍LOAD FACTOR DECREASED BY 1.5 P.U. VERSUS LAST YEAR TO 66.4%.​.SAS AB SAYS ‍SCHEDULED NUMBER OF PASSENGERS AMOUNTED TO 2.0 MLN IN FEBRUARY.​.SAS AB SAYS ‍PRELIMINARY CURRENCY ADJUSTED YIELD WAS UNCHANGED WHILE PASK DECREASED 3% IN FEBRUARY 2018 VS. LAST YEAR.​.SAS AB SAYS ‍NOMINAL YIELD DECREASED 2% AND PASK DECREASED 4% IN FEBRUARY 2018 VS. LAST YEAR​.  Full Article

Airline SAS Q1 profit tops forecast, confirms full-year outlook​
Tuesday, 27 Feb 2018 

Feb 27 (Reuters) - SAS AB ::Q1 ‍EARNINGS BEFORE TAX AND NONRECURRING ITEMS: MSEK -373 (-707)​.Q1 ‍EARNINGS BEFORE TAX: MSEK -273 (-697)​.SAYS ‍OUTLOOK FOR FULL YEAR 2017/2018 IS RETAINED​, (SAS EXPECTS TO DELIVER EARNINGS BEFORE TAX AND NONRECURRING ITEMS IN THE INTERVAL OF SEK 1.5–2.0 BILLION).Q1 ‍EBIT MARGIN: -1.9% (-6.4%)​.Q1 ‍REVENUE: MSEK 8,978 (8,957)​.REUTERS POLL: SAS Q1 PRETAX LOSS WAS SEEN AT 658 MILLION SEK, ADJUSTED PRETAX LOSS SEEN AT 671 MILLION.SAYS EARNINGS IMPROVEMENT SHOWS THAT OUR LONG-TERM EFFORTS TO STRENGTHEN OUR OFFERING AND INCREASE THE EFFICIENCY OF OUR OPERATIONS IS DELIVERING RESULTS.  Full Article

Airline SAS traffic falls 7.1 pct in January
Wednesday, 7 Feb 2018 

Feb 7 (Reuters) - SAS AB ::SAS TRAFFIC FIGURES - JANUARY 2018.SAYS ‍LOAD FACTOR DECREASED BY 5.1 P.U. VERSUS LAST YEAR TO 63.9%.​.SAYS SCHEDULED TRAFFIC (RPK) DECREASED 7.1%.SAYS PRELIMINARY CURRENCY ADJUSTED YIELD INCREASED 6% WHILE PASK DECREASED 2% IN JANUARY 2018 VERSUS. LAST YEAR.SAYS NOMINAL YIELD INCREASED 4% AND PASK DECREASED 3% IN JANUARY 2018 VERSUS. LAST YEAR.SAYS AS PART OF EFFORTS TO BALANCE PRODUCTION AND COST BASE TO SEASONAL DEMAND, SAS HAS DECREASED NUMBER OF FLIGHTS BY 5% DURING Q1.SAYS TREND OF LOWER OVERALL LOAD FACTOR AND TRAFFIC VOLUMES IS EXPECTED TO CONTINUE DURING THE WINTER PROGRAM 2017/2018 - THEREAFTER, THE VOLUMES AND LOAD FACTORS ARE EXPECTED TO BE MORE IN LINE WITH FY17.  Full Article

SAS says scheduled traffic decreased 4 pct in December
Wednesday, 10 Jan 2018 

Jan 10 (Reuters) - Sas Ab ::SAYS ‍SCHEDULED TRAFFIC (RPK) DECREASED 3.8% AND CAPACITY (ASK) WAS UP 1%.​.SAYS ‍LOAD FACTOR DECREASED BY 3.8 P.U. VERSUS LAST YEAR TO 68.8%.​.SAYS ‍PRELIMINARY CURRENCY ADJUSTED YIELD INCREASED 5% AND PASK WAS FLAT IN DECEMBER 2017 VERSUS. LAST YEAR​.  Full Article

SAS says appoints new CFO
Thursday, 14 Dec 2017 

Dec 14 (Reuters) - SAS AB ::SAS APPOINTS NEW CHIEF FINANCIAL OFFICER AND INCREASES ITS FOCUS ON KEY STRATEGIC VENTURES.SAYS ‍SAS HAS TODAY APPOINTED TORBJØRN WIST AS NEW EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER (CFO) AFTER GÖRAN JANSSON, WHO WILL ASSUME OVERALL RESPONSIBILITY FOR GROUP STRATEGY, SAS GROWTH INITIATIVES, AIRCRAFT FLEET AND STRATEGIC SOURCING​.  Full Article

SAS CFO: Exploring how to finance 40-50 new aircraft beyond F/Y2021
Tuesday, 12 Dec 2017 

Dec 12 (Reuters) - SAS CFO Goran Jansson to analysts and media in a telephone conference::SAS CFO SAYS SAS NEEDS TO INVEST AN ESTIMATED 2-3 BILLION SEK IN 40-50 AIRCRAFT BEYOND F/Y2021 AND IS EXPLORING OPPORTUNITIES IN THE MARKET FOR THE FINANCING.  Full Article

Airline SAS posts fiscal full-year earnings in line with preliminary forecast
Tuesday, 12 Dec 2017 

Dec 12 (Reuters) - SAS AB ::EARNINGS INCREASE IN LINE WITH SAS'S MOST RECENT FORECAST.FY2016/17 ‍INCOME BEFORE TAX AND NON-RECURRING ITEMS: MSEK 1,951 (939)​.FY2016/17 ‍INCOME BEFORE TAX: MSEK 1,725 (1,431)​.FY2016/17 ‍NET INCOME FOR PERIOD: MSEK 1,149 (1,321)​.FY2016/17 ‍REVENUE: MSEK 42,654 (39,459)​.FY2016/17 ‍OUTLOOK FOR FULL YEAR 2017/2018 IS RETAINED​.SAS PRELIMINARY EARNINGS (ISSUED IN NOV) WAS SEK 42.5 BILLION IN SALES AND 1.9 BILLION IN INCOME BEFORE TAX AND NONRECURRING ITEMS.SAYS IN THE NEXT PHASE OF THE RECAPITALIZATION, WE WILL USE THE PROCEEDS OF THE NEW ISSUE AND PROFITS GENERATED BY OPERATIONS TO START REDEEMING PREFERENCE SHARES FROM FEBRUARY 2018.SAYS WE WILL THUS CREATE BETTER PRECONDITIONS FOR INCREASING RETURNS FOR HOLDERS OF COMMON SHARES.SAYS WOULD HOWEVER LIKE TO UNDERLINE THAT WE NEED TO CONTINUE TO STRENGTHEN OUR FINANCIAL POSITION AND PROFITABILITY, SINCE WE HAVE LARGE LOAN MATURITIES CONTINUING UNTIL 2019 AND NEED TO MAKE CONSIDERABLE INVESTMENTS IN NEW AIRCRAFT.SAYS FOR SAS TO CONTINUE TO DEVELOP AS A COMPETITIVE AIRLINE, THE IMPLEMENTATION PACE OF THE EFFICIENCY PROGRAM MUST BE RAISED MOVING FORWARD.  Full Article

SAS introduces high-speed Wi-Fi on flights to keep up with competitors

COPENHAGEN May 15 Scandinavian Airline SAS said passengers will be able to access Wi-Fi on board some flights from Wednesday, joining a growing number of rivals in Europe to offer the facility as it seeks to boost passenger revenues.