SAS Group, parent of Scandinavian Airlines (SAS), has reported net losses of SKr407 million ($42 million) on revenues up 21% at 31.6 billion for the first half of this year. The increase is linked, however, to the carrier's acquisition of Braathens and Spanair in December last year and March respectively. SAS says it expects to make a net profit before income tax and capital gains for the full year. Meanwhile, Air France's turnover for the first quarter to 30 June was €3.3 billion ($3.25 billion), a drop of 1.7%. The company says passenger numbers were down only 0.6% and cargo revenues rose 5%, although transatlantic traffic was still poor. Low-cost carrier Ryanair, meanwhile, reported profits of €39 million ($38 million) for the first quarter, 68% higher than 2001. It has converted three more Boeing 737-800 rolling options into firm orders for delivery next year.

Source: Flight International