SAS Group Interim report Jan- March 2000
HIGHLIGHTS OF THE INTERIM REPORTS AS PER MARCH 31, 2000: * The SAS Group's income before taxes was MSEK -297 (-11). * Income excluding capital gains was MSEK -310 (-398). * Passenger traffic (RPK) increased 5.9%. Traffic in Business Class increased 5%. * Increased fuel costs had a negative impact of MSEK 368 on income compared with the previous year. * Earnings per share amounted to SEK -1.16 (-0.02) for SAS Danmark A/S, SEK -1.40 (0.22) for SAS Norge ASA and SEK -1.55 (-0.10) for SAS Sverige AB. * SAS's parent companies report the following income after taxes: SAS Danmark A/S MDKK -48(-1) SAS Norge ASA MNOK -63(10) SAS Sverige AB MSEK -109(-7) * Income before taxes, excluding capital gains, is estimated at around MSEK 1,000 for 2000 as a whole. In addition, capital gains from aircraft transactions and the sale of shares are estimated to total around MSEK 1,700. The interim report has not been reviewed by the company's auditors. A complete copy of the report can be found on www.scandinavian.net IMPORTANT EVENTS DURING THE FIRST QUARTER JANUARY * SAS launched a WAP service for ticket reservations and information via mobile telephones. * SAS was ranked best domestic airline in Norway, and received the "Grand Travel Award". * SAS EuroBonus won the "Freddie Award" for the fourth consecutive year. FEBRUARY * SAS decided to buy 12 Airbus A321s and options for a total of SEK 4.5 billion. The aircraft meet high standards as regards low fuel consumption and noise levels and raise SAS's transport capacity to/from several major European cities and between the three Scandinavian capitals. MARCH * SAS Cargo, Lufthansa Cargo and Singapore Airlines intensified their partnership plans in the air freight field. * SAS, British Midland and Lufthansa entered a Joint Venture agreement regarding European traffic to/from London Heathrow and Manchester. * The Star Alliance was broadened to incorporate two more members, Singapore Airlines and Austrian Airlines Group. * SAS signed an agreement with Sabre, a world leader in the field of advanced IT solutions for the travel and transport industry, regarding wider distribution of SAS products and services. IMPORTANT EVENTS AFTER MARCH 31, 2000 * Star Alliance members announced their intention to establish the first customer driven, Internet based marketplace for business-to-business commerce in the airline industry. * SAS was the first airline in Europe to start communicating interactively with customers via Digital TV. Copenhagen, May 11, 2000 Erik Søresen Jan Stenberg Chairman of the Board President ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/05/11/20000511BIT00890/bit0001.doc The full report http://www.bit.se/bitonline/2000/05/11/20000511BIT00890/bit0002.pdf The full report