SAS to phase out 21 older, less fuel-efficient aircraft

SAS Airbus A340 ©AirTeamImages

SAS has initiated the process to phase out 21 of its older and less fuel-efficient aircraft at an earlier stage than originally planned, including 15 Boeing 737NG, five Airbus A340 and one Airbus A330 aircraft.

The accelerated phase-out will support liquidity through the sales of aircraft and engines, as well as a reduce spend on maintenance and leasing. Together with the agreement with Airbus on deferred deliveries of new aircraft, it will also better align SAS’ fleet with current and expected demand. The accelerated phase-out will also contribute to lower emissions.

Over the last 12 months, the carriers total CO2 emissions have decreased 57.2%, where the majority is related to reduced capacity as a consequence of the pandemic, but usage of more efficient aircraft connected to its ongoing fleet renewal has also contributed with 2.3 percentage points, in line with its ambitious target to reduce total CO2 emissions 25% by 2025.

SAS has posted a decrease in total revenue of over 77% for the third-quarter which ended at negative SEK 3 billion, down SEK 4.3 billion on last year. (1 US$ = 8.44098 SEK at time of publication)

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