Q2 2005: SAS Group's earnings MSEK +579 – up MSEK 526

Key figures from the SAS Group’s quarterly results published today:

•The Group’s operating revenue rose 5.8% to MSEK 16,017 for the second quarter of 2005.

•The Group transported a total of 9.4 million passengers in the second quarter, an increase of 5.1% compared with 2004.

•Operating income (EBIT) for the second quarter improved by MSEK 698 to MSEK 949.

•Income before capital gains and nonrecurring items amounted to MSEK 579 in the second quarter of 2005, an earnings improvement of MSEK 526.

Results match or slightly exceed market expectations and the earnings improvement occurred in all business areas.

Jørgen Lindegaard, President and CEO of the SAS Group, comments:
“Second-quarter earnings were, as anticipated, positive and in line with the profitability plan for the SAS Group. Continued unit cost reductions and new commercial ventures are important factors for success and we are now taking the next step on European routes”.

Access the interim report at www.sasgroup.net for more detailed information.

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