Swedish airline SAS eyes cost cutting
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.
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