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SAS Looks At More Route Closures And Cost Cutting  
User currently offlineBestWestern From Hong Kong, joined Sep 2000, 7311 posts, RR: 57
Posted (10 years 1 month 3 weeks 3 days 14 hours ago) and read 3020 times:

http://news.ft.com/cms/s/8adefb82-2cac-11d9-b120-00000e2511c8.html

"The Nordic region’s largest airline, on Tuesday launched additional restructuring measures to fight losses amid fierce price competition and record-high jet fuel prices"

"it would post a full-year loss despite a large cost-reduction program, now aims to cut capacity by 4 per cent in December, and thereby save an additional SKr400m-500m."

"good traffic growth recorded in the second quarter did not continue in August and September"

"The new measures will include a review of the carrier’s network, capacity and the number of destinations it flies to."

"That SAS is being forced to launch new cost-reduction measures just as it is about to meet one set of comprehensive targets is a bad sign, they said. "



[Edited 2004-11-02 15:54:19]


The world is really getting smaller these days
1 replies: All unread, jump to last
 
User currently offlineHeisan67 From , joined Dec 1969, posts, RR:
Reply 1, posted (10 years 1 month 3 weeks 3 days 9 hours ago) and read 2821 times:

In Norway the news are that SAS will ground 10 aircrafts in order to reduce losses.
The flights Oslo - Geneva, and Oslo - London/Gatwick will be stopped.

There will also be a reduction in number of flights on other routes.


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