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Record number of passengers contributed to positive result

August 9, 2006 08:04

Key figures from the SAS Group’s Interim Report published today:

• Income before capital gains and nonrecurring items amounted to MSEK 894 during the second quarter of 2006, which is MSEK 315 higher than the corresponding period in 2005.
• Nonrecurring items of MSEK 265 were charged to results, of which MSEK 160 pertains to costs for the closure of the Sola base in Stavanger and MSEK 105 is the effect of a legal process relating to Scandinavian Ground Services in Norway.
• The Group’s total operating revenue increased by 11.9% to MSEK 17,916.

Gunnar Reitan, Acting President and CEO, comments:

“During the first half of 2006, there was strong market performance in the Group’s markets. The strong growth, combined with the new business models contributed to considerably improved cabin factors.

“Ongoing cost-cutting measures and continued market advances, will lay the foundation for earnings improvements moving forward.

“There is still no indication of a slowdown in the market, but uncertainty remains regarding the future strength of market growth and the trend for prices of jet fuel.”

See the Interim Report at www.sasgroup.net for further detailed information.

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