Air Transport World

SAS Group.(Europe Report)(Brief Article)

SAS Group warned in late June that it does not expect to achieve its goal of a positive result before tax, capital gains and nonrecurring items this year, citing as reasons high fuel prices and continued "uncertainties about yields and the competitive situation." The group, which lost Sek1.4 billion ($184.5 million) last year and a similar amount in the 2004 first quarter, said passenger volumes thus far this year have developed "well" and its restructuring program is going on plan, but overcapacity and price pressures caused yields at flagship Scandinavian to fall 22. …

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