COST CUTTING BEARS FRUIT FOR SAS

TESTCustomwebLP TESTCustomwebLP
By TESTCustomwebLP TESTCustomwebLP August 18, 2011 08:48

COST CUTTING BEARS FRUIT FOR SAS

SAS reported that it had cut costs by about 23%, or 7.6 billion Swedish kronor, since 2008, and expects a further reduction of 500 million kronor in the second half of this year and 500 million kronor in 2012. The cuts has helped the airline post its best second-quarter result since 2008, swinging to a net profit of 551 million kronor for the three months to end-June, compared with a 502 million kronor loss a year earlier. Revenue also rose sharply, to 11.23 billion kronor from 9.98 billion kronor, as SAS flew 1.1 million more passengers.

SAS reiterated that it expects to post a profit before tax for whole of 2011, barring unexpected events.

TESTCustomwebLP TESTCustomwebLP
By TESTCustomwebLP TESTCustomwebLP August 18, 2011 08:48
Write a comment

No Comments

No Comments Yet!

Let me tell You a sad story ! There are no comments yet, but You can be first one to comment this article.

Write a comment

Only <a href="http://www.aviationnews-online.com/wp-login.php?redirect_to=http%3A%2F%2Fwww.aviationnews-online.com%2Fairline%2Fcost-cutting-bears-fruit-for-sas%2F"> registered </a> users can comment.