Air Transport World

SAS.(financial data for Scandinavian Airlines System)(Brief Article)(Statistical Data Included)

SAS also cited "overcapacity in the market with declining unit revenue" for a 76.6% drop in nine-month pre-tax income to Sek575 million ($69.4 million). Third-quarter earnings plunged 90% to Sek102 million as revenues fell 3.6% to Sek9.9 billion on a 3% drop in RPKs. The airline warned that given the further deterioration experienced in the third quarter, "the full-year result, excluding gains from the sale of shares and assets, is now deemed to be only marginally positive. …

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