Sndp From Belgium, joined Feb 2000, 553 posts, RR: 2 Posted (14 years 3 months 1 week 12 hours ago) and read 1762 times:
According to the Belgian newspaper Le Soir Sabena has lost around 322 billion Euro last year. These figures do not include yet the higher fuel prices the the consequences of the end of the contract with City Bird. The figures are released in the near future.
Sndp From Belgium, joined Feb 2000, 553 posts, RR: 2
Reply 5, posted (14 years 3 months 1 week 9 hours ago) and read 1660 times:
All right, I will give the numbers again, now in Belgian Francs, maybe I was wrong. Know that 1 Euro is the same as almost 41 BEF.
At the moment Bleu sky was launched, a loss of 7 billion BEF was expected for Sabena in 2000 and 15 billion BEF in 2001 without any measurements taken. It now seems that the loss for 2000 is 13 Billion BEF, more than originally estimated. As I understood out of the newspaper article, this does NOT include higher fuel prices and the end of the contract with City Bird.
Air Orange From , joined Dec 1969, posts, RR:
Reply 8, posted (14 years 3 months 1 week 8 hours ago) and read 1642 times:
Also Luxair is troubeling at the moment. KLM cannot find a right partner and so it would be a great idea to merge KLM, Sabena and Luxair within a new company named "Benelux Airways". Three hubs in Amsterdam, Brussels and Luxembourg. I shall make a new topic.
Prebennorholm From Denmark, joined Mar 2000, 6758 posts, RR: 54
Reply 9, posted (14 years 3 months 1 week 5 hours ago) and read 1634 times:
that makes about 3.22 billion Euro if I am not mistaken.
You are mistaken. 12 billion BEF = 322 million EUR (or just under 300 million USD).
I see that there are not many bookkeepers on this tread with all that decimal point confusion.
Best regards, Preben Norholm
Always keep your number of landings equal to your number of take-offs
Taliban From Ukraine, joined Jul 2009, 0 posts, RR: 0
Reply 15, posted (14 years 3 months 6 days 6 hours ago) and read 1533 times:
I know they never went to Karachi but I am saying that it is a profitable route for every airline. I believe the Sabena belongs to some European nation (Norwegian) and all of them are served by PIA which yields high profits.
N863DA From United States of America, joined Sep 2004, 48 posts, RR: 5
Reply 18, posted (14 years 3 months 6 days 4 hours ago) and read 1516 times:
Sabena loss of around $300million...
Big whoop! Pan Am could do that in a week, and Carn Icahn in a day, probably.
Just joking before y'all jump down my throat.
To say 'Karachi is profitable for every airline' is misleading. I find it hard to believe that there are enough people in every major city in the whole world with major airline service that would wish to fly non-stop to Karachi.
Varig md-11 From France, joined Jul 2000, 1609 posts, RR: 7
Reply 19, posted (14 years 3 months 6 days 2 hours ago) and read 1509 times:
maybe SN problem is too many exotic destinations flying out of BRU, like Madras (india) or DFW (though co-op with AA) or NRT???? is the market there? belgium has only 10M inhabitants and nearly every other euro-airline fly to these destinations either....plus SN doesn't offer real bargain fees so why should we fly them better than AF,BA,LH,KL.....all of their hubs are within a 500km circle...hey competition is tough
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