sndp
Posts: 534
Joined: Fri Feb 18, 2000 6:07 pm

Sabena Loss Of 322 Billion Euro

Tue Mar 27, 2001 7:38 pm

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
 
Saint-Exupery
Posts: 47
Joined: Tue Mar 13, 2001 10:37 pm

RE: Sabena Loss Of 322 Billion Euro

Tue Mar 27, 2001 7:46 pm

322 billion sounds a little bit high, I think. 322 million would be more realistic.
 
sndp
Posts: 534
Joined: Fri Feb 18, 2000 6:07 pm

RE: Sabena Loss Of 322 Billion Euro

Tue Mar 27, 2001 8:18 pm

322 million Euro indeed. I was confused because of the fact that it is 12 billion BEF. Excuse me.
sndp
 
lumumba
Posts: 361
Joined: Thu Mar 01, 2001 7:16 pm

RE: Sabena Loss Of 322 Billion Euro

Tue Mar 27, 2001 8:25 pm

Excusse my but this number is everything included?
City-bird,benzin,bluesky plan,etc.....
Ciao
 
SR3496
Posts: 774
Joined: Sat May 06, 2000 8:21 pm

RE: Sabena Loss Of 322 Billion Euro

Tue Mar 27, 2001 9:27 pm

I thought it would be much more.

So it is not THAT bad for Sabena!
 
sndp
Posts: 534
Joined: Fri Feb 18, 2000 6:07 pm

RE: Sabena Loss Of 322 Billion Euro

Tue Mar 27, 2001 10:36 pm

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
 
aussie_
Posts: 1600
Joined: Mon Dec 11, 2000 10:39 am

RE: Sabena Loss Of 322 Billion Euro

Tue Mar 27, 2001 10:49 pm

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

OUCH
 
lumumba
Posts: 361
Joined: Thu Mar 01, 2001 7:16 pm

RE: Sabena Loss Of 322 Billion Euro

Tue Mar 27, 2001 11:23 pm

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

RE: Benelux Airways

Wed Mar 28, 2001 12:05 am

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
Posts: 6409
Joined: Tue Mar 21, 2000 6:25 am

RE: Sabena Loss Of 322 Billion Euro

Wed Mar 28, 2001 2:25 am

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
 
FlyVirgin744
Posts: 1282
Joined: Tue Jul 27, 1999 8:35 am

RE: Sabena Loss Of 322 Billion Euro

Wed Mar 28, 2001 6:59 am

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.
 
prebennorholm
Posts: 6409
Joined: Tue Mar 21, 2000 6:25 am

RE: Sabena Loss Of 322 Billion Euro

Wed Mar 28, 2001 7:54 am

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
 
taliban
Posts: 55
Joined: Fri Jul 10, 2009 3:41 pm

RE: Sabena Loss Of 322 Billion Euro

Wed Mar 28, 2001 8:25 am

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.
 
Saint-Exupery
Posts: 47
Joined: Tue Mar 13, 2001 10:37 pm

RE: Sabena Loss Of 322 Billion Euro

Wed Mar 28, 2001 5:27 pm

They wouldn't have left Karachi if it was profitable
 
lumumba
Posts: 361
Joined: Thu Mar 01, 2001 7:16 pm

RE: Sabena Loss Of 322 Billion Euro

Thu Mar 29, 2001 1:03 am

Help????
SABENA never went to Karachy.
Ciao.
 
taliban
Posts: 55
Joined: Fri Jul 10, 2009 3:41 pm

Karachi

Thu Mar 29, 2001 2:12 am

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.
 
Guest

RE: Sabena Loss Of 322 Billion Euro

Thu Mar 29, 2001 2:34 am

'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...
 
TriStar
Posts: 834
Joined: Sun Oct 24, 1999 9:03 pm

RE: Sabena Loss Of 322 Billion Euro

Thu Mar 29, 2001 3:20 am

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.
 
N863DA
Posts: 1140
Joined: Sat Sep 04, 2004 6:36 am

RE: Sabena Loss Of 322 Billion Euro

Thu Mar 29, 2001 3:35 am

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
 
varig md-11
Posts: 1112
Joined: Mon Jul 17, 2000 7:17 pm

RE: Sabena Loss Of 322 Billion Euro

Thu Mar 29, 2001 5:45 am

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 LI TN
 
DutchWings
Posts: 82
Joined: Fri Jan 26, 2001 11:30 pm

RE:Benelux (airways)

Thu Mar 29, 2001 6:10 am

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