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SAS AB - 1Q15/16 RESULTS
​Concurring with expectations, competition has intensified during 1Q15/16. Market capacity and available seat kilometer (ASK) increased by 7.4%, mainly driven by LCCs such as Ryanair (which removed capacity a year ago) and Wizzair. SAS, the listed Sweden-based airline group and one of the top 10 airline groups in Europe, reported broadly stable 1Q15/16 revenue at constant FX with -0.2% yoy to SEK 8.3bn (SRe: SEK 8.1bn).
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