SAS Interim report January – September 2004

November 2, 2004 08:00

Operating revenue for the nine-month period amounted to MSEK 43,133 (43,930), a decrease of 1.8%. Operating revenue for the third quarter amounted to MSEK 15,423 (14,920), an increase of 3.4%. For comparable units, operating revenue for the nine-month period rose 1.5% or MSEK 639.

Traffic growth was good but slightly weaker in the third quarter. The SAS Group’s total passenger traffic (RPK) increased by 9.1% for the whole period and by 5.8% for the third quarter.

Income before depreciation and leasing costs for aircraft (EBITDAR) amounted to MSEK 3,202 (2,947) in January-September. EBITDAR for the third quarter was MSEK 1,753 (1,737).

Income before capital gains and nonrecurring items improved by MSEK 337 compared with 2003 and amounted to MSEK -1,469 (-1,806) for the nine-month period. The result for the third quarter was positive at MSEK 153 (116).

Income after financial items amounted to MSEK -1,526 (-1,225), and to MSEK 57 (564) for the third quarter. In 2003 the third quarter result included capital gains of MSEK 559.

Income after tax amounted to MSEK -1,236 (-834), and MSEK 68 (699) for the third quarter.