Company Watch - SAS Group.For more company news, data and analysis, please go to: http://www.airguideonline.com/professional.htm Aug 14, 2006 SAS Group The SAS Group (OSE: SAS, OMX: SAS) is a company based in Stockholm, Sweden. The company is owned by SAS Danmark A/S, SAS Norge AS and SAS Sverige AB, those companies are owned by SAS AB. SAS Group owns several airlines in Europe. flew 3.62 billion RPKs, up 6.6% on the year-ago month. Capacity climbed 2.8% to 4.5 billion ASKs and load factor rose 2.9 points to 80.5%. SAS (1) (SAS Institute Inc., Cary, NC, www.sas.com) A software company that specializes in data warehousing and decision support software based on the SAS System. Founded in 1976, SAS is one of the world's largest privately held software companies. See SAS System. Businesses flew 2.54 billion RPKs, up 0.7%, against a 1.6% decline in ASKs to 3.06 billion. Load factor rose 1.9 points to 83.1%. Aug 10, 2006 SAS Group reports moderate second-quarter improvement. SAS Group yesterday reported a net profit of SEK SEK In currencies, this is the abbreviation for the Swedish Krona. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 553 million ($77.3 million) for the second quarter, a 10.8% improvement over the SEK499 million earned in the corresponding 2005 period.It credited record passenger numbers and high load factors for the result, even though its operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. fell 7.2% to SEK881 million. "During the first half of 2006, there was strong market performance in the Group's markets. The strong growth, combined with the new business models, contributed to considerably improved cabin factors," Acting President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Gunnar Reitan said. In the six-month period, SAS Group posted a net loss of SEK511 million, widened from a SEK472 million deficit in the first six months of 2005 reflecting heavier losses in the first quarter of the current year. Operating losses operating loss The excess of operating expenses over revenue. As with operating income, operating losses exclude revenues and expenses from operations that are not considered a regular part of the business. Also called deficit. Compare operating income. widened to SEK280 million from SEK99 million. Aug 10, 2006 SAS Group's net operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. of SEK17.04 billion represented a 13.1% increase over the second quarter of 2005. Unit costs were up 7% to SEK0.76. The company said it has achieved 49% of its targeted SEK2.5 billion in annual cost savings. Aug 10, 2006 SAS Group's revenue increased 11.8% to SEK17.92 billion as the number of passengers transported by group airlines rose 6% to 10.3 million and yield climbed 2.7% to SEK1.16. Group load factor went up 4.1 points to 74%. Aug 10, 2006 SAS Group[sup.1]s Scandinavian Airline Businesses, second-quarter revenue rose 5.5% to SEK10.38 billion and operating expenses increased just 0.8% to SEK8.62 billion. Income after financial items was SEK764 million, nearly double the SEK397 million earned in the year-ago quarter. Yield rose 1.9%. The next-largest subsidiary, Spanair, reported income after financial items of SEK92 million compared to SEK5 million in the year-ago quarter. Aug 10, 2006 |
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