SAS Loses Almost 90 Million US Dollars Due To Volcanic Ash

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SAS expects to have lost between 80 and 90 million US Dollars due to the volcanic ash from Iceland.
Large sums have been spent to pay for alternative transportation and reimbursement of expenses for the passengers’ hotel stays, meals and more. The sum also includes actual booking losses up to and including May 7.

-“This is a natural one and therefore an event that can not be insured against in our industry. Together with our trade association AEA, we work for compensation from the EU and the Scandinavian countries, based on a model that avoids distortion of competition.” says Mats Jansson, President and CEO of SAS.

The number of passengers in April fell by a total of 28 percent to 1.6 million passengers compared to April 2009.

The load factor was also influenced negatively and fell by 2.9 percentage points to 69.6 percent. Yield declined in March by 10.1 percent in April and the development is expected to remain negative and lower than the same month last year.