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  • SAS lifts profit expectations after strong end to year

SAS lifts profit expectations after strong end to year

Scandinavia's SAS has lifted its full-year profit expectations following improvements to its unit revenues and stronger passenger numbers.

It is expecting profit before tax and exceptional items to be around SKr700-900 million ($72-93 million).

SAS had previously indicated, in its third-quarter financial statement, that achieving positive earnings would be "challenging".

The company's financial year runs to 31 October.

Chief executive Rickard Gustafson says the company has turned in a "strong performance" across its operations over the last months of the financial year.

"We are encouraged by an improved supply [against] demand balance in Scandinavia and that our product offering, combined with our determined efforts toward more sustainable air travel, continues to attract more customers," he adds.

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