SAS cut its pre-tax loss by two-thirds in the six months to 30 April as the Scandinavian carrier pursued a cost-cutting programme.
The loss, of SKr1.13 billion ($172 million), was on stable revenues of SKr19.5 billion. Traffic rose 2.5%.
In the quarter ending 30 April, unit cost fell 10.7%. "It is gratifying to state that the extensive restructuring effort is now starting to create tangible effects," says SAS president and chief executive Rickard Gustafson in reference to the airline's "4XNG" strategy.
Payroll expenses were down 10% for the quarter, in which about 300 full-time jobs were cut. The airline aims to cut 1,000 over the full year.
SAS expects to receive SKr2 billion from selling 80% of Widerøe, and says a positive EBIT margin "exceeding 3%" and a positive EBT are "possible to achieve" over its full financial year.