SAS contemplates modest capacity growth for fiscal 2017/2018
SAS issued preliminary financial results Nov 3, prior to releasing its full-year financial figures Dec 12. The carrier’s financial year ended Oct 31. The airline anticipates full-year revenue for 2016/17 to amount to roughly SEK42.5b (US$5.2b), compared to SEK39.5b for the preceding 12 months, with pre-tax income of around SEK1.7b, up from SEK1.4b for the previous year. In its forthcoming 2017-18 financial year SAS expects to increase its capacity by just 1-3%, a dip on previous expansion rates. SAS anticipates that total market capacity will accelerate in autumn and winter 2017/18 compared to a year earlier, but it plans to consolidate the capacity growth it has introduced in recent years. The introduction of larger aircraft to the fleet also means that SAS expects a year-on-year drop in its load factors at the start of its fiscal year. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-11-06/star/sas-contemplates-modest-capacity-growth-for-fiscal-2017-2018
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SAS contemplates modest capacity growth for fiscal 2017/2018
SAS issued preliminary financial results Nov 3, prior to releasing its full-year financial figures Dec 12. The carrier’s financial year ended Oct 31. The airline anticipates full-year revenue for 2016/17 to amount to roughly SEK42.5b (US$5.2b), compared to SEK39.5b for the preceding 12 months, with pre-tax income of around SEK1.7b, up from SEK1.4b for the previous year. In its forthcoming 2017-18 financial year SAS expects to increase its capacity by just 1-3%, a dip on previous expansion rates. SAS anticipates that total market capacity will accelerate in autumn and winter 2017/18 compared to a year earlier, but it plans to consolidate the capacity growth it has introduced in recent years. The introduction of larger aircraft to the fleet also means that SAS expects a year-on-year drop in its load factors at the start of its fiscal year. <br/>
