SAS made a profit during the third quarter of 2012

Scandinavian Airlines Systems, SAS made a profit during the third quarter of 2012.

SAS releases preliminary Q3 result and information regarding its financial position.
Following numerous rumors in Scandinavian media, SAS announces that it will report on 8 November 2012 a positive result for Q3 - with an EBT of 568 MSEK. Passenger revenue growth of 9% and unit cost reduction of 6%

SAS 4 Excellence strategy
As a result of the implementation of the 4 Excellence strategy SAS has been able to increase passenger revenues by 9% and lower its unit cost (CASK - fuel and currency adjusted) by 6% percent in the third quarter of 2012.

Furthermore, SAS has for some time signaled the need for significant further efficiency improvements in order to secure its long term competitiveness.

The company is currently finalizing a comprehensive plan to fundamentally address its cost on a long-term basis, to increase cost flexibility, reduce complexity and also reduce for the effect of the potential equity write down in 2013 due to pension accounting changes.