SAS figures match last year

The key figures from the SAS Group’s 1st interim report reveal 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 and they transported a total of 8,5 million passengers, an increase of

J¿rgen 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.