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RadarBox: SAS Nonetheless Lags Behind in Publish-Pandemic Restoration

LONDON – It stays clear that Scandinavian Airways (SAS) continues to lag behind in post-pandemic restoration on the motion statistics entrance supplied by RadarBox.com.

The provider has had fairly a tough 2022, and the motion statistics are starting to replicate this as properly.

With out additional ado, let’s get into the numbers…

The Numbers…


For this week, November 12-19, the airline dealt with 653 actions primarily based on a seven-day rolling common supplied by the flight monitoring firm.

Whereas this does symbolize a rise of 35.76% in comparison with the identical interval final yr, the provider is round 165 actions in need of attaining pre-pandemic numbers.

This does imply that the airline nonetheless has so much to do by way of getting again to these numbers.

Under is the final 4 weeks’ price of information:

date 2019 numbers 2021 numbers 2022 numbers Proportion Distinction (2022 vs. 2021)
October 15-22 879 actions 473 actions 620 strikes +31.08%
October 22-29 806 actions 473 actions 623 actions +31.71%
October 29-November 5 830 actions 502 strikes 588 actions +17.13%
November 5-12 829 strikes 506 strikes 593 actions +17.19%

What this information reveals is the final 4 weeks’ price of information is fluctuating anyplace between 590-620 actions, which once more may be very in need of pre-pandemic ranges.

Reconfiguring


The step to redressing the phrases for the plane phrases, which is a complete of 36 plans. This modification is a vital step in direction of reconfiguring the fleet and with the ability to save as much as SEK 7.5 billion (€0.69 billion) yearly beneath the SAS FORWARD plan.

These agreements have been authorised by the US Chapter Court docket for the Southern District of New York.

The settlement has been completed with 10 completely different lessors – which embody AerCap Holdings, Aergo Capital, Aircastle, and Avolon – which symbolize 36 completely different plane, 3 extensive our bodies, and 33 narrowbodies, in addition to sure gear associated.

These amendments are good for a saving of not less than SEK 850 million (€78 million) to SEK 1.0 billion (€90 million) a yr, which is ready to represent a discount of SEK 7.5 billion a yr.

Anko van der Werff, CEO of SAS, has commented on this:

“We proceed to make progress in our chapter 11 course of. The amended lease agreements permit us to reconfigure our fleet and enhance our price construction, which is a key factor of our SAS FORWARD plan.”

“We’re grateful to our lessors for working constructively with us as we proceed taking mandatory actions to turn into a extra aggressive airline and a stronger enterprise accomplice to them.”

“We’re persevering with to pursue further lease amendments so we will obtain our targets.”

On the 5th of September, Anko was additionally current on the World Aviation Pageant, the place he gave a extra detailed response as to why SAS went into Chapter 11, and it goes as follows:

“So it’s extremely troublesome to renegotiate with lots of the events that encompass you, should you like, proper?”

“I imply, as airways, we have now to compete with half the world, however lots of our suppliers, should you like, from airports too, properly, plane producers or distribution methods are additionally in, there’s usually far much less competitors.”

“So what chapter 11 not less than permits you to do is renegotiate a few of these offers that in any other case could be anchored, that each one could be within the years to come back.”

“And it’s extremely robust as a result of you need to reassess to renegotiate and turn into a chief negotiations officer for years these months. However it’s a course of that permits you to step-by-step in direction of changing into a more healthy airline.”

“Chapter 11 permits you to sit down together with your lessors; you’ve got a second in time, a couple of months, in which you’ll then say, ‘Okay, this does not work for me anymore, and both we will renegotiate on the size of flip level for particular plane, or you’ll be able to reject plane.”

“We’re within the technique of rejecting plane.”

Whereas Anko has an excellent level about rejecting or reorganizing the complete fleet, this doesn’t excuse him for bringing 2 airways, Avianca and SAS, to a chapter 11 chapter state or promising your pilots to pay for his or her licenses and later turning again in your phrases.

Going to chapter 11, whether or not it can make an excellent affect or not have to be completed with out neglecting others.

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