SAS Interim report January-June 1999

August 12, 1999 11:44

Highlights of the Interim Report as per June 30, 1999

• The SAS Group’s operating revenue increased by 4.8% to MSEK 20,735.

• The SAS Group’s income before taxes amounted to MSEK 473 (1,450), primarily due to the effects of unsatisfactory development of unit revenue and unit cost. The second quarter’s income amounted to MSEK 495 (837).

• Passenger traffic (RPK) increased by 4.0%. Traffic in Business Class decreased by 3.5% while Economy Class increased by 7.7%. The number of passengers increased by 4.9%.

• Cash flow from operations amounted to MSEK 900 (2,122).

• Capital gains on sales of shares and other fixed assets amounted to MSEK 433 (299).

• Earnings per share amounted to SEK 2.00 (5.91) for SAS Danmark A/S, SEK 2.49 (6.55) for SAS Norge ASA and SEK 2.09 (6.55) for SAS Sverige AB.

• SAS’s parent companies report income after taxes as follows:

SAS Danmark A/S 78 (238) MDKK
SAS Norge ASA 110 (297) MNOK
SAS Sverige AB 147 (453) MSEK