COPENHAGEN: Scandinavian Airlines (SAS) has revealed a stunning turnaround for the second quarter, posting a profit of 226 million kroner. The result is a significant improvement compared to the same period last year when the airline presented a loss of 648 million kroner.
“This improvement was primarily driven by a positive trend for unit revenue, which climbed 6.8 percent. Income before tax was positively impacted by the divestment of two slot pairs at London Heathrow,” said Rickard Gustafson, the president and CEO of SAS.
“SAS is investing in the future, and the new, simplified collective agreements for pilots create the prerequisites for future expansion and, as a consequence, SAS is increasing its long-haul fleet by three additional aircraft.”
