BestWestern
Topic Author
Posts: 7202
Joined: Fri Sep 08, 2000 8:46 pm

SAS Looks At More Route Closures And Cost Cutting

Tue Nov 02, 2004 11:48 pm

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]
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heisan67
Posts: 1001
Joined: Sun Aug 22, 1999 8:34 am

RE: SAS Looks At More Route Closures And Cost Cutting

Wed Nov 03, 2004 4:08 am

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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