Tag Archives: 737883

SAS Group posts its first full-year net profit since 2007

SAS Group (Scandinavian Airlines-SAS) (Stockholm) after fighting to stay out of bankruptcy, has posted its first full year net profit since 2007.

After making massive cuts to positions and salaries, the company reported a net profit of $27.3 million for its fiscal year ending on October 31. The company still remains a high cost airline and it expects weaker conditions to continue.

Read the full report: CLICK HERE

Read the analysis from the WSJ: CLICK HERE

Copyright Photo: Stefan Sjogren/AirlinersGallery.com. Scandinavian Airlines’ Boeing 737-883 LN-RCY (msn 28324) in the special “Disney Planes – See the Movie” motif arrives at the Stockholm (Arlanda) hub.

Scandinavian Airlines-SAS: AG Slide Show

Scandinavian Airlines to serve Bremen and Humberside from Copenhagen and restore the Bangkok route in November

Scandinavian Airlines-SAS (Stockholm) for the winter season will add new service from Copenhagen to the German city of Bremen (six flights a week). The route operates all year round from October 28. The route will be served with a 50-seat CRJ every day except Saturday. The airline is also adding a new route from Copenhagen to the oil region of Humberside in northern England. The route operates all year round from October 28. The route will be served with a 50-seat CRJ.

This brings the total number of new routes for SAS in 2013 up to 52.

Furthermore, SAS’ nonstop route from Copenhagen to Bangkok reopens in November with three departures per week. The route opens on November 22 and is open during the winter season. SAS will serve the route with an Airbus A340-300.

In addition to these new routes, SAS is adding more weekly departures on key routes. On the route between Copenhagen and Madrid, SAS is increasing from two departures a week to four (Monday, Wednesday, Friday and Saturday).

SAS is also adding more frequencies to the winter timetable on the popular routes between Scandinavia’s capital cities -Copenhagen and Stockholm as well as Copenhagen and Oslo. During high traffic periods, SAS is increasing the number of daily departures from 15 to 16 on both routes.

The SAS winter timetable 2013/14 comes into effect on the last weekend in October.

SAS, the flag carrier for Denmark, Norway and Sweden, operates a fleet of some 130 aircraft to approximately 100 destinations.

Copyright Photo: Dave Glendinning/AirlinersGallery.com. Boeing 737-883 LN-RCY (msn 28324) with the “Norwegian Most Punctual Person” picture on the tail taxies to the gate at London (Heathrow). GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing and financing arm of GE, announced it has delivered seven new leased Boeing 737-800s to SAS to expand and modernize the carrier’s fleet. The aircraft were delivered during the period April 2012 to May 2013 and came from GECAS’ existing order book with Boeing. Additionally, GECAS is scheduled to deliver two new leased 737-800s to SAS in 2014.

 

Scandinavian Airlines-SAS: AG Slide Show

 

SAS Group has a profitable second quarter but is still in the red for 2012

SAS Group (Scandinavian Airlines-SAS) (Stockholm) produced a second quarter net profit of $47.8 million. However for the first six months the group is still in the red with a net loss of $61.1 million.

Read the full report: CLICK HERE

Copyright Photo: Paul Denton. Boeing 737-883 LN-RRJ of SAS arrives at Geneva.

Scandinavian Airlines-SAS: