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Group result in line with last year

May 4, 2006 08:01

Key figures from the SAS Group’s 1st interim report today:

• Income before capital gains and nonrecurring items amounted to MSEK -1 319 in the 1st Quarter 2006, which is in line with last year.
• The Group’s total operating revenue rose 11,1% to MSEK 14 467.
• The Group transported a total of 8,5 million passengers, an increase of 12,2%.

Jørgen Lindegaard, President and CEO, comments:

The first quarter, especially the months of January and February, is always the most challenging period for all airlines. Business and leisure travel are both at a low ebb.
Earnings for the first quarter are no exception, and they are at the same level as the previous year. Unfortunately, earnings were negatively impacted by the dispute with pilots in January in the amount of approximately MSEK.
In addition the group is affected by weaker results in Subsidiary & Affiliated Airlines and in Airline Support Businesses.

Traffic results and the cabin factors in the two last weeks after Easter continued to be very good for all Group airlines, and the capacity situation is stable. We will continue to work energetically to increase customer value and cost effectiveness in all Group units.

See the 1st Interim report at www.sasgroup.net for more detailed information.

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