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MarketScreener Homepage  >  Equities  >  NASDAQ OMX STOCKHOLM  >  SAS AB    SAS NOKO   SE0003366871

SAS AB

(SAS NOKO)
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Real-time Quote. Real-time CHI-X - 09/23 11:29:55 am
12.45 SEK   -7.09%
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SAS AB : takes top spot in Heathrow's Fly Quiet and Green table

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08/22/2019 | 08:34am EDT

SAS comes first in the latest Fly Quiet and Green league table for Q2 as the airline tackles late and early flights and improves operational performance

Qantas stands out as most improved airline moving up 28 positions to 6th place, after achieving 100% compliance for track keeping and eliminating late and early flights

Heathrow calls on the government to invest the annual revenues raised from Air Passenger Duty to scale-up production of sustainable fuels and support the ambition of a net-zero carbon aviation sector by 2050

SAS takes the top spot in the 'Fly Quiet and Green' league table for Q2 as the airline reduces early and late flights, benefitting the airport's local communities. The Scandinavian flag carrier has also scored well for its operational performance by improving its track keeping, following Noise Preferential Route flight paths precisely and using Continuous Descent Approach - a quieter landing method.

The 'Fly Quiet and Green' league table compiles the results of the airport's top 50 busiest airlines from April to June, rating how each airline scores for operational factors such as punctuality, track keeping, continuous decent approach and monitors the fleet upgrades that help to reduce emissions. Both 787 Dreamliners and Airbus A350s are among the top environmental performers, helping airlines to rise in the rankings.

Australian flag carrier, Qantas, jumps up 28 spots to 6th place, earning the title of most improved airline, after achieving 100% compliance for track keeping and running its schedule without late or early flights.

This announcement coincides with Heathrow's 12-week expansion consultation, which details the tough measures the airport will be putting in place to reduce emissions and provide respite for local communities. The consultation runs until 13 September, giving the public the opportunity to help shape the plans for the country's largest privately funded infrastructure project.

In addition to encouraging airlines to fly their greenest and quietest aircraft at Heathrow, the airport is also calling on the Government to invest in the production of sustainable fuels. Over GBP4bn is generated from Air Passenger Duty annually and the revenue generated from this tax could help to accelerate the production of biofuels and support the ambition of a net-zero carbon aviation industry by 2050.

Matt Gorman, Heathrow's Director of Sustainability, said:

'Having won an overwhelming majority in Parliament supporting expansion at Heathrow we are getting on with delivering a project that will connect the whole country to economic growth in a way that is sustainable and responsible. We understand the responsibility our sector has to help tackle climate change and ensure we protect a world worth travelling, which is why we're calling on Government to invest the revenue generated from Air Passenger Duty in sustainable fuels. This move will help to drive a much needed change in our sector and make travel more sustainable.'

(C) 2019 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
QANTAS AIRWAYS LIMITED 0.81% 6.26 End-of-day quote.7.25%
SAS AB -6.49% 12.53 Delayed Quote.-35.58%
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Financials (SEK)
Sales 2019 46 376 M
EBIT 2019 691 M
Net income 2019 239 M
Debt 2019 30 413 M
Yield 2019 -
P/E ratio 2019 16,7x
P/E ratio 2020 5,46x
EV / Sales2019 0,76x
EV / Sales2020 0,76x
Capitalization 4 794 M
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Mean consensus HOLD
Number of Analysts 4
Average target price 14,38  SEK
Last Close Price 12,53  SEK
Spread / Highest target 27,7%
Spread / Average Target 14,7%
Spread / Lowest Target 3,75%
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