SAS posts full year 2011 net loss of MSEK -1,687

For the period of January-December 2011, the SAS Group’s income before tax and nonrecurring items and capital gains/losses in continuing operations amounted to MSEK 94 (-444) and net income amounted to MSEK -1,687 (-2,218). The SAS Group’s revenue amounted to MSEK 41,412 (41,070). After taking nonrecurring items and currency effects into consideration, revenue increased by MSEK 1,443 or 3.6%, primarily due to an increase in capacity of 6.8%.
For the fourth-quarter 2011 SAS Group’s income before tax and nonrecurring items was MSEK -61 (259) and income after tax totaled MSEK-2,079 (47). The SAS Group’s revenue amounted to MSEK 10,164 (10,653). Adjusted for currency effects, revenue decreased by MSEK -580 or 5.4%.