Positive Q2 result for SAS - Norway Exports

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Positive Q2 result for SAS

The SAS Group har reported earnings before taxes of SEK 371 million for the airline for the second quarter. This is only little above half of the EBT for the same period last year.

- Despite an unsatisfactory earnings level, we now see that our 4Excellence strategy is beginning to generate results. Unit revenue (RASK) rose 0.3% during the quarter, driven by a positive load factor. Our unit cost, excluding jet fuel, declined 4% during the quarter, the report states.

- We have observed the clear effect of 4Excellence on revenue. This is gratifying since continuously increased capacity and intense competition was noted during the entire second quarter. Efforts to improve our offering - aimed at delivering value for time and money to our customers - will continue. We will open 38 new routes in 2012 and in preparation for 2013, we announced an improved offering on our USA routes with San Francisco as a new destination, says Rickard Gustafson, SAS President and CEO in his report.