SAS flies back into quarterly profit

Net profit for October-December 2010 period reaches €5.35 million

The Scandinavian airline company SAS AB today posted a net profit for the fourth quarter, showing a recovery from a difficult period of losses and cost cutting.
Net profit for the October-December 2010 period reached SEK 47 million (€5.35 million). That compares with a loss for the same quarter in 2009 of SEK 1.3 billion. Sales for the quarter were up slightly year-on-year, reaching SEK 10.56 billion.
The company reported a hefty overall loss for the full year 2010 of SEK 2.2 billion, not helped by the volcanic ash-cloud crisis in April that badly affected travel in the airline’s key market of Western and Northern Europe. But that is a better result than the severe loss for the previous year of SEK 2.9 billion.
The airline’s acting CEO John Dueholm told Bloomberg that “we can now devote our energy to looking forward and focusing on our core operations,” adding that the group’s aircraft are now “more well-filled than ever before.”
Bloomberg

x

Check Also

SAS, coffin, casket Gdansk, Poland, Kristiansand, Tromso, flight, wrong, cargo

Wrong coffin sent to Gdansk: SAS investigates

The casket containing the body of a Norwegian man was flown to Poland by mistake – and buried.

SAS, LOT, Heathrow, London, noise, aircraft, descent, MAX, Boeing, Continuous Descent Approaches, list, greenest, quietest

SAS is “quietest and greenest” at Heathrow

The airlines SAS and LOT have been singled out for praise by one of the busiest airports in the world.

Primera Air, airlines, list, low-cost, long-haul, cheapest, Rome2Rio, ranking, cost per kilometre, SAS, Norwegian, Finnair, Virgin, world, Global Flight Pricing

Cheapest airlines in the world listed

Airlines are ranked according to the lowest fares for passengers in terms of cost per kilometre.

SAS, wifi, internet, price, cost, flight, air travel, free, go, premium, business, high-speed, wireless, device, steam

SAS rolls out fast wi-fi on Europe routes

SAS declares the new high-speed connectivity to be the “best product on the market”.

SAS, food, Nordic, new, menu, inflight, SAS Plus, local, seafood

SAS presents new Nordic summer menu

It’s the tiny details that count in New Nordic City, now being served to SAS Plus passengers.

SAS, Heathrow, London,

New routes and extra flights for Sweden

SAS plans increased air traffic from Stockholm Arlanda and Gothenburg for winter 2018-19.