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Sabena Loss Of 322 Billion Euro  
User currently offlineSndp From Belgium, joined Feb 2000, 553 posts, RR: 2
Posted (13 years 9 months 1 week 6 hours ago) and read 1534 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

20 replies: All unread, jump to last
 
User currently offlineSaint-Exupery From Switzerland, joined Mar 2001, 47 posts, RR: 0
Reply 1, posted (13 years 9 months 1 week 6 hours ago) and read 1483 times:

322 billion sounds a little bit high, I think. 322 million would be more realistic.

User currently offlineSndp From Belgium, joined Feb 2000, 553 posts, RR: 2
Reply 2, posted (13 years 9 months 1 week 5 hours ago) and read 1475 times:

322 million Euro indeed. I was confused because of the fact that it is 12 billion BEF. Excuse me.
sndp


User currently offlineLumumba From Belgium, joined Mar 2001, 369 posts, RR: 1
Reply 3, posted (13 years 9 months 1 week 5 hours ago) and read 1468 times:

Excusse my but this number is everything included?
City-bird,benzin,bluesky plan,etc.....
Ciao


User currently offlineSR3496 From Switzerland, joined May 2000, 792 posts, RR: 20
Reply 4, posted (13 years 9 months 1 week 4 hours ago) and read 1450 times:

I thought it would be much more.

So it is not THAT bad for Sabena!


User currently offlineSndp From Belgium, joined Feb 2000, 553 posts, RR: 2
Reply 5, posted (13 years 9 months 1 week 3 hours ago) and read 1432 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.
sndp


User currently offlineAussie_ From Australia, joined Dec 2000, 1766 posts, RR: 5
Reply 6, posted (13 years 9 months 1 week 3 hours ago) and read 1429 times:

that makes about 3.22 billion Euro if I am not mistaken.

OUCH


User currently offlineLumumba From Belgium, joined Mar 2001, 369 posts, RR: 1
Reply 7, posted (13 years 9 months 1 week 2 hours ago) and read 1423 times:

I repeat EVERYTHING included???????
CIaoooooo


User currently offlineAir Orange From , joined Dec 1969, posts, RR:
Reply 8, posted (13 years 9 months 1 week 1 hour ago) and read 1414 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.


User currently offlinePrebennorholm From Denmark, joined Mar 2000, 6544 posts, RR: 54
Reply 9, posted (13 years 9 months 6 days 23 hours ago) and read 1406 times:

Aussie wrote:
that makes about 3.22 billion Euro if I am not mistaken.
OUCH
-----------------------------------------------

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, Preben Norholm
User currently offlineFlyVirgin744 From United States of America, joined Jul 1999, 1313 posts, RR: 1
Reply 10, posted (13 years 9 months 6 days 18 hours ago) and read 1373 times:

My turn:

12 Billion BEF = 297.5 Million EUR = 265 Million USD
13 Billion BEF = 322 Million EUR = 287.8 Million USD

Taken from:

http://www.xe.net/ucc/



Sometimes I go about in pity for myself and all the while a great wind carries me across the sky.
User currently offlinePrebennorholm From Denmark, joined Mar 2000, 6544 posts, RR: 54
Reply 11, posted (13 years 9 months 6 days 17 hours ago) and read 1359 times:

Right Virgin 744. And unfortunately the loss was also 13 (not 12) billion BEF - I hit the wrong key. Good thing that I'm not a bookkeeper either.  Big thumbs up
Best regards, Preben Norholm



Always keep your number of landings equal to your number of take-offs, Preben Norholm
User currently offlineTaliban From Ukraine, joined Jul 2009, 0 posts, RR: 0
Reply 12, posted (13 years 9 months 6 days 17 hours ago) and read 1354 times:

I think it is due to their huge number of aircraft and also due to the slowdown of Global Economy. Also, they did leave some very profitable routes such as to Karachi, Pakistan and other large cities.

User currently offlineSaint-Exupery From Switzerland, joined Mar 2001, 47 posts, RR: 0
Reply 13, posted (13 years 9 months 6 days 8 hours ago) and read 1330 times:

They wouldn't have left Karachi if it was profitable

User currently offlineLumumba From Belgium, joined Mar 2001, 369 posts, RR: 1
Reply 14, posted (13 years 9 months 6 days ago) and read 1313 times:

Help????
SABENA never went to Karachy.
Ciao.


User currently offlineTaliban From Ukraine, joined Jul 2009, 0 posts, RR: 0
Reply 15, posted (13 years 9 months 5 days 23 hours ago) and read 1305 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.

User currently offlineJuul From , joined Dec 1969, posts, RR:
Reply 16, posted (13 years 9 months 5 days 23 hours ago) and read 1301 times:

'I believe the Sabena belongs to some European nation (Norwegian)...'

Excuse me? When did Sabena become the Norwegian national carrier? FYI: Sabena is the national carrier of Belgium...


User currently offlineTriStar From Belgium, joined Oct 1999, 848 posts, RR: 1
Reply 17, posted (13 years 9 months 5 days 22 hours ago) and read 1294 times:

I believe SN killed JFK and has Elvis hidden away in one of their hangars, alive and well.
Really!

Have a good one (and maybe pick another user name...?),

TriStar.


User currently offlineN863DA From United States of America, joined Sep 2004, 48 posts, RR: 5
Reply 18, posted (13 years 9 months 5 days 22 hours ago) and read 1288 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.

FLY DELTA JETS and sail UNITED STATES LINES



N 8 6 3 D A


User currently offlineVarig md-11 From France, joined Jul 2000, 1605 posts, RR: 7
Reply 19, posted (13 years 9 months 5 days 20 hours ago) and read 1281 times:

hi
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



AF TW AA NW DL UA CO BA U2 TP UX LH SK AZ MP KL SN VY HV LS SS TK SQ PC RG IW SE
User currently offlineDutchwings From Netherlands, joined Jan 2001, 83 posts, RR: 0
Reply 20, posted (13 years 9 months 5 days 19 hours ago) and read 1273 times:

Why should they start up benelux airways, i can imagine KLM doesn't wanna work with that  Pissedairline,
not very attractive


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