Swedish air­line SAS eyes cost cut­ting

China Daily (Hong Kong) - - BUSINESS -

Scan­di­na­vian air­line SAS will cut more costs in com­ing years, its CEO said on Tues­day. “Mar­ket con­di­tions have be­come more de­mand­ing and the in­dus­try con­tin­ues its rapid pace of change,” CEO Rickard Gustafson said in the com­pany’s full year re­sults. The Scan­di­na­vian air travel mar­ket and de­mand for more long-haul routes and Euro­pean leisure routes is on the rise, he said. “We are now rais­ing our aim for our stream­lin­ing pro­gram from 0.8 bil­lion SEK ($87 mil­lion) to SEK1.5 bil­lion in 20172019,” Gustafson said. The air­line’s pre­tax profit in the year to endOc­to­ber was SEK1.431 bil­lion, com­pared with SEK1.417 bil­lion for the same pe­riod a year ago.

A Smart car, which is a brand jointly owned by Mercedes-Benz and Swatch, at­tracts by­passers on the street in Chengdu, Sichuan prov­ince. Ren­ters can drive it away by pay­ing through an app or a WeChat ac­count.

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