SAS Interim report January-March 2001

May 8, 2001 12:55

• Income before taxes amounted to MSEK 20 (–303).

• Operating revenue rose 12.8% to MSEK 12,137.

• Earnings before depreciation and leasing costs for aircraft (EBITDAR) increased in the first quarter to MSEK 1,214 (597). Over the last 12 months the increase was 46%.

• The unit cost trendwas positive and decreased by 3.3% compared with the first quarter of 2000.

• Earnings per share amounted to SEK 0.16 (–1.16) for SAS Danmark A/S, SEK 0.19 (–1.40) for SAS Norge ASA, and SEK –0.03 (–1.55) for SAS Sverige AB.

• SAS’s parent companies report the following income after taxes:

SAS Danmark A/S MDKK 6 (–48)

SAS Norge ASA MNOK 8 (–63)

SAS Sverige AB MSEK –2 (–109)