SAS Interim report January-September 2001
On October 8, flight SK686 crashed in Milan and 118 people lost their lives in the worst air disaster in SAS’s history.
• Recession and weaker demand, which intensified considerably after September 11, are the main reasons for SAS’s weak result in the third quarter.
• Operating revenue rose 11.2% to MSEK 38,623.
• Earnings before depreciation and leasing costs for aircraft (EBITDAR) decreased during the period January-September by 13.3% to MSEK 3,290 (3,794).
• Income before taxes amounted to MSEK 7 (1,108). Income for the third quarter was MSEK – 213 (343).
• Earnings per share for January-September for the SAS AB Group amounted to SEK –0.41 (4.78) and equity per share amounted to SEK 101.78 (98.15).