SAS lifts profit expectations after strong end to year
SAS has lifted its full-year profit expectations following improvements to its unit revenues and stronger passenger numbers. It is expecting profit before tax and exceptional items to be around SKr700-900m (US$72-93m). SAS had previously indicated, in its Q3 financial statement, that achieving positive earnings would be "challenging". The company's financial year runs to Oct 31. CE Rickard Gustafson says the company has turned in a "strong performance" across its operations over the last months of the financial year. "We are encouraged by an improved supply [against] demand balance in Scandinavia and that our product offering, combined with our determined efforts toward more sustainable air travel, continues to attract more customers," he adds. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-11-11/star/sas-lifts-profit-expectations-after-strong-end-to-year
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SAS lifts profit expectations after strong end to year
SAS has lifted its full-year profit expectations following improvements to its unit revenues and stronger passenger numbers. It is expecting profit before tax and exceptional items to be around SKr700-900m (US$72-93m). SAS had previously indicated, in its Q3 financial statement, that achieving positive earnings would be "challenging". The company's financial year runs to Oct 31. CE Rickard Gustafson says the company has turned in a "strong performance" across its operations over the last months of the financial year. "We are encouraged by an improved supply [against] demand balance in Scandinavia and that our product offering, combined with our determined efforts toward more sustainable air travel, continues to attract more customers," he adds. <br/>
