SAS 3Q earnings up, but outlook looking weaker
SAS reported significantly improved year-on-year earnings in the third quarter (three months ended 30-Sep-2011) with pre-tax profit up to SEK276 million (EUR29.9 million) – a sharp turnaround from 3Q2010’s SEK-1076 million (EUR-116.6 million) pre-tax loss. The result was due entirely to further drastic cost cuts at the group, as revenue and yields came under heavy pressure in the quarter. Revenue fell, despite the increase in passenger numbers, due to softening demand and continued intense competition in the Nordic region.
To access CAPA Premium Analysis you need a CAPA Membership
Your window into the latest insights
CAPA employs an industry-leading Analyst team based in Europe, North America, Asia and Australia who offer unique perspectives and independent and accurate commentary of critical industry developments globally. CAPA Members rely on our Analysis to unlock valuable insights and actionable intelligence to keep ahead of the game.
Big picture strategic view
Our Analysts don’t just report the news - they take a big picture strategic view of aviation dynamics, issues and trends and analyse the implications of these developments for you.
The CAPA Analyst team is based globally to ensure our CAPA Members have access to independent, unique perspectives covering an entire spectrum of daily, worldwide commercial aviation developments.
Customise your Alerts
CAPA Members can use CAPA Alerts to receive daily, weekly or monthly and customised updates on our Analysis.
I'm very impressed by the factual and detailed analysis CAPA is always doing.- CEO, Airline Member
Phone: +61 2 9241 3200 | Email: firstname.lastname@example.org