SAS has delivered strong results in the third quarter of fiscal year 2018, with earnings before tax of SEK 2 billion. The underlying earnings were more than SEK 0.1 billion higher than last year despite an increase of SEK 0.5 billion in jet fuel costs as well as SEK 0.1 billion in unforeseen costs in connection with operational challenges during the summer. The positive trend in earnings is a result of successful seasonal adjustments in the network, improvements in the customer offering and further enhanced efficiency.
Quarterly revenue increased by 7.7% versus last year to MSEK 13,146. This was driven by MSEK 719 higher passenger revenue, as well as a continued positive trend in cargo revenue and sales of EuroBonus points. SAS reported earnings before tax and nonrecurring items of MSEK 1,978 (previous year: 1,863), EBT of MSEK 2,004 (previous year: 1,973) and Net income for the period of MSEK 1,546 (previous year: 1,535)