Transportation Industry
Company Watch - SAS Scandinavian
AirGuide Business, June 23, 2008
Jun 23, 2008
SAS Scandinavian Group flew 3.05 billion RPKs in May, up 12.5% from the year-ago month. Capacity rose 11.3% to 4.26 billion ASKs, lifting load factor 0.7 point to 71.7%. SAS Scandinavian Airlines flew 2.61 billion RPKs, up 11.8%, against a 10.5% lift in ASKs to 3.56 billion. Load factor rose 0.9 point to 73.4%. Jun 16, 2008
SAS Scandinavian Group yesterday abandoned its effort to sell Spanair, saying that as a result of the "challenging market conditions in the Spanish aviation market coupled with record oil prices and pressure in the financial sector," it has been unable to "reach its targeted terms and conditions on the divestment." CEO Mats Jansson said Spanair is "a company with a competitive cost position" and that SAS is committed to its future. Jun 20, 2008
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