Sponsor Message:
Civil Aviation Forum
My Starred Topics | Profile | New Topic | Forum Index | Help | Search 
SAS, Positive Third-quarter Earnings.  
User currently offlineScandinavian From Sweden, joined Sep 2000, 267 posts, RR: 0
Posted (9 years 11 months 3 weeks 5 days 2 hours ago) and read 1766 times:

Some interesting notes from the SAS Interim report:

The forecast for the full-year 2004 remains unchanged according to SAS. "The SAS Group´s Board and Management expect negative earnings before tax and nonrecurring items for the full-year 2004." Intercontinental traffic developed well, Jan-Sep compared to previous year +12%. One of the biggest problems are the Swedish domestic traffic, traffic fell by 4,4% during Jan-Sep compared with last year. The airline industry is still suffering great problem, one can only hope that the situation will be better in the future.

"2004-11-02 Interim Report January-September 2004
SAS Group
Interim Report
January-September 2004

Positive third-quarter earnings
Operating revenue for the nine-month period amounted to MSEK 43,133 (43,930), a decrease of 1.8%.

Operating revenue for the third quarter amounted to MSEK 15,423 (14,920), an increase of 3.4%.

Traffic growth was good but slightly weaker in the third quarter. The SAS Group’s total passenger traffic (RPK) increased by 9.1% for the whole period and by 5.8% for the third quarter.

Income before capital gains and nonrecurring items improved by MSEK 337 compared with 2003 and amounted to MSEK -1,469 (-1,806) for the nine-month period. The result for the third quarter was positive at MSEK 153 (116).

Income after financial items amounted to MSEK -1,526 (-1,225), and to MSEK 57 (564) for the third quarter. In 2003 the third quarter result included capital gains of MSEK 559.

Income after tax amounted to MSEK -1,236 (-834), and MSEK 68 (699) for the third quarter."

Some interesting words about the traffic situation:

"The good traffic growth we noted in the second quarter of this year did not continue at the anticipated rate in August and September. In particular, travel from the Nordic region to destinations in the rest of Europe has not really gained momentum. The passenger trend is more positive within Scandinavia and on the intercontinental routes.

The situation in the airline industry remains characterized by overcapacity and intense competition which has resulted in substantially reduced yield. Despite in many cases unrealistically low average fares, new players have emerged, while some have disappeared. According to independent sources, fares within
Scandinavia and to/from Scandinavia have been among the lowest in Europe. There are signs that the industry may well be entering a phase of consolidation, a trend that we also expect in the years ahead.

Jul-Sep Change Jan-Sep Change
SAS Group 2004 vs. 2003 2004 vs. 2003
No. of passengers (000) 8,591 3.2% 24,708 5.2%
Passenger km (mill) 9,198 5.8% 25,189 9.1%
Seat km (mill) 13,557 7.9% 38,864 8.0%
Cabin factor 67.8% -1.3%pts 64.8% +0.7%pts"

For more info:

http://www.scandinavian.net/12208/3q04eng.pdf





"He was a wise man who invented beer"-Platon
1 replies: All unread, jump to last
 
User currently offlineHeisan67 From , joined Dec 1969, posts, RR:
Reply 1, posted (9 years 11 months 3 weeks 4 days 21 hours ago) and read 1713 times:

But the result are not that good as expected by analysts and economists.

Top Of Page
Forum Index

This topic is archived and can not be replied to any more.

Printer friendly format

Similar topics:More similar topics...
CO Loses $16 Million In Third Quarter posted Tue Oct 19 2004 13:05:07 by Cory6188
(Westjet) Third Quarter Results Conference Call posted Thu Oct 16 2003 03:50:35 by CanadaEH
Gulf Air Sees Strong First Quarter Earnings posted Sat Mar 15 2003 00:23:15 by GF-A330
United's Third Quarter Loss - $889 Million USD posted Fri Oct 18 2002 15:36:10 by Lindy field
Continental's Third Quarter Loss $37 Million posted Thu Oct 17 2002 13:55:59 by Lindy field
Third Quarter Profits Take Off For El Al posted Thu Nov 22 2001 09:55:48 by El Al 001
Northwest's Third Quarter Result posted Fri Oct 26 2001 05:47:45 by Lindy field
SAS Back In Black - Positive Result For 2005 posted Thu Feb 9 2006 08:43:20 by TR
SAS With Abother Positive Quarterly Result posted Tue Nov 8 2005 10:05:00 by TR
Q2 2005 SAS Earnings Msek +579 posted Wed Aug 17 2005 08:51:39 by Maersk737