newstodate.aero
AUG 11, 2004 (newstodate): SAS declares its earlier forecast for 2004 to be overly optimistic and does not now expect a positive result for 2004.
-On June 23, the SAS Group announced that due to developments in January to May, and the uncertainty about the future yield trend and the competitive situation, the Board and management's previously expressed aim of positive earnings before tax, capital gains and nonrecurring items is not expected to be met, the company says.
The traffic growth during H1 was good for all the Group's airlines. The SAS Group's total passenger traffic increased by 11.1 percent for the first half year, and by 14.3 percent for the second quarter of 2004.
Also on the positive side, the currency-adjusted unit cost for Scandinavian Airlines decreased by 14 percent in the first half of the year and by 12 percent in the second quarter. Adjusted for increased jet fuel prices, the unit cost decreased by 15 percent in the second quarter.
Still, the operating revenue for the first half of the year dropped 4.5 percent to MSEK 27,710. For comparable units, operating revenue for the period dropped 4.2 percent or MSEK 1,216.
-On June 23, the SAS Group announced that due to developments in January to May, and the uncertainty about the future yield trend and the competitive situation, the Board and management's previously expressed aim of positive earnings before tax, capital gains and nonrecurring items is not expected to be met, the company says.
The traffic growth during H1 was good for all the Group's airlines. The SAS Group's total passenger traffic increased by 11.1 percent for the first half year, and by 14.3 percent for the second quarter of 2004.
Also on the positive side, the currency-adjusted unit cost for Scandinavian Airlines decreased by 14 percent in the first half of the year and by 12 percent in the second quarter. Adjusted for increased jet fuel prices, the unit cost decreased by 15 percent in the second quarter.
Still, the operating revenue for the first half of the year dropped 4.5 percent to MSEK 27,710. For comparable units, operating revenue for the period dropped 4.2 percent or MSEK 1,216.