SAS launches “aggressive” new plan

“Positive income before tax” in SAS Group report

In its year-end report released today, SAS Group says that cost-saving and profitability-boosting measures launched at the beginning of the year are now making an impact. It reports SEK 23 million (€2.67 million) in income before tax and nonrecurring items for the period January-October 2012, with passenger revenues up 5.6% and unit costs excluding jet-fuel down by 4% during the period. However, overall there was a pre-tax loss of SEK 1,245 million for the period as previously announced restructuring costs and other nonrecurring items impacted income. The net loss was SEK 985 million.
SAS Group also announced today a “new aggressive plan” which it calls 4Excellence Next Generation (4XNG), designed to address SAS’s structural and financial challenges. Measures in the plan – which aims to increase earnings by around SEK 3 billion – include the recently agreed employment contracts for flight crews and new pension terms. There will also be divestment of assets.
“4XNG will deliver a significantly improved cost base looking forward,” SAS said in a statement. “During 2012-2013, a positive impact on earnings of SEK 1.5 billion is expected from the 4XNG plan.”
TTG Nordic
[photo courtesy SAS]


Check Also

SAS Plus, business, upgrade, bid, eurobonus, points, pay

SAS passengers can upgrade bonus flights

SAS customers can bid for upgrades to SAS Plus or SAS Business – including flights booked with EuroBonus points.

Bombardier, Dash-8, crash, accident, Bangladesh, Bangla, accident, SAS, plane, turboprop, survivors

Crashed Nepal plane once flown by SAS

Survivors of the crash in Nepal describe moments of terror on the Dash 8 turboprop, which was previously owned by SAS.

Greece, Rhodes, SAS, route, flights, Stockholm, Sweden, summer, 2018

SAS to fly from Stockholm to Rhodes

The airline will launch a fifth route to Greece this summer season, building on its leisure destinations.

Star Alliance, airlines, digital, technology, share, data, members, mobile, app, website, seat, book, interoperability

Star Alliance improves digital inter-usability

The alliance creates a digital services platform for customers using more than one member airline.

sas, results, traffic, passengers, January, 2018, capacity, stats

SAS load factor falls dramatically

Scandinavian carrier reports a fall in January in both passenger numbers and load factor.

Widerøe, Oslo, Billund, Bergen, strategy, aviation, Embaer, E2, E190, launch, flights, jet, Finnair, SAS, routes, Norway, Tromso, Bodo

Big moves ahead for Widerøe

One small step for the market, one giant step for Widerøe, Norway’s 84-year-old regional airline, as it steps into the jet era in April 2018.