SAS REPORTS Q3 LOSS

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By admin November 11, 2010 22:09

SAS REPORTS Q3 LOSS

Scandinavian airlines SAS has posted a loss in the third-quarter of 1.1 billion kronor ($164 million), compared with a previous profit of 152 million kronor. The loss was due mainly to one-time items related to its cost-cutting program and legal disputes, which totalled 1.4 billion kronor.

Revenue also fell in the period from July to September to 10.7 billion kronor, down from 11.1 billion kronor last year. Even so, the airline has reported a growth in intercontinental and business travel.

admin
By admin November 11, 2010 22:09
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