Air Transport World

SAS Group.(1998 earnings results)(Brief Article)

SAS Group reported a 26.8% rise in pre-tax income to Sek2.8 billion ($349.1 million) as large gains from aircraft sales and sale/lease-backs offset difficult trading conditions. Airline revenues rose 3.9% to Sek38.2 billion but operating expenses climbed 4.8% and income before depreciation declined 3.4% to Sek3.6 billion. Negative currency movements affected the bottom line bySek349 million. …

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