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Greater than expected Sas' loss in fourth quarter 2004
Stockholm, Sweden - The carrier announces that a new restructuring plan should bear fruit in 2005
Scandinavian airline Sas announced its losses in the forth quater of 2004 were greater than expected. The group made a fourth quarter loss of USD 58,9m compared to a loss of USD 34,5m in the same period in 2003. Sas, half owned by the government of Denmark, Sweden and Norway, as well as Ryanair had to face up to competition given by the rival carriers Finnair, easyJet, Maersk and Sterling. The airline...
AVIONEWS - World Aeronautical Press Agency - 114067
AVIONEWS - World Aeronautical Press Agency
AVIONEWS - World Aeronautical Press Agency