Air Transport World

Sabena scored.(profitable earnings results for 1998)(Brief Article)

Sabena scored its first annual net profit in 40 years in 1998, with earnings of Bfr703 million ($19.7 million) on revenues of Bfr86.8 billion, up 21% from 1997. It had a seat load factor of 67.5% and carried more than 10 million passengers.

The carrier, which lost Bfr2.5 billion in 1997, has undergone widespread internal restructuring and established an effective hub operation at Brussels.

Separately, Sabena recruited Lufthansa's widely respected senior VP for corporate planning and network management, Christoph Mueller, as COO. …

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