SAS Interim report January-June 2000

Highlights of the Interim Report as per June 30, 2000

• The SAS Group’s income before taxes was MSEK 732 (496). Income for the second quarter amounted to MSEK 1,029 (507).

• Income excluding capital gains amounted to MSEK 443 (63) for the full period and MSEK 753 (461) in the second quarter.

•Passenger traffic (RPK) increased by 7%. Traffic in Business Class rose 5%.

• Increased fuel costs had a negative impact on earnings of MSEK 712 compared with the first half of the previous year.

•Cash flow from operations amounted to MSEK 1,057 (833).

•Earnings per share amounted to SEK 3.48 (2.00) for SAS Danmark A/S, SEK 3.22 (2.49) for SAS Norge ASA, and SEK 3.40 (2.09) for SAS Sverige AB.

• SAS’s parent companies report the following income after taxes:

SAS Danmark A/S MDKK 145 (78)
SAS Norge ASA MNOK 147 (110)
SAS Sverige AB MSEK 240 (147)