Passenger numbers boost SAS result

The number of SAS passengers carried rose by 8.7% to 18.8 million during the first six months of the year and this fact has contributed to positive financial results for the company. Key figures from the SAS Group’s Interim Report include:

á 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.
á 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.
á 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.

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“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.”

SAS has also been nominated this year for a

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World Travel Award as World’s Leading Business Class Airline.
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