Air Transport World

SAS Group.(Europe report)(Brief Article)

SAS Group lost Sek 1.4 billion ($185.1 million) for the March quarter, slightly improved from a loss of Sekl.6 billion in the year-ago period. Group revenues declined 8.3% to Sek12.57 billion while expenses decreased 10.6% to Sek12.61 billion, resulting in a loss from operations of Sek1.3 billion versus a loss of Sek1.91 billion in the 2003 quarter. Contributing to the lower operating loss was a 15% drop in payroll expense attributable to new labor agreements and layoffs. …

Log in to your account to read this article – and millions more.