SAS with improved performance, but still got a deficit

TOPICS:DeficitImprovementReductionSAS
Gardermoen.SAS Group. Photo: Terje Pedersen / NTB scanpix

Posted By: Tor Ingar Oesterud 8. March 2016

SAS Group had a profit before tax of minus 309 million Swedish kroner  in the period from November to January. This amounts to a sharp reduction in the deficit.
The first quarter is seasonally the weakest during the financial year,  the airline writes in their comments on the figures.
“It’s still an improvement of 527 million Swedish kronor compared with the previous year. The causes of the improvement are commercial progress, significantly lower fuel costs and the effects of austerity measures, “the company said.
Source: NTB scanpix / Norway Today
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1 Comment on "SAS with improved performance, but still got a deficit"

  1. j.c. smith | 8. March 2016 at 13:55 |

    traveled with sas many years ago, never was there a bad experience!!!!!!!!

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