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SAS Q3 Income Before Tax Down At SEK 1.49 Bln

Tuesday, 27 Aug 2019

Aug 27 (Reuters) - SAS AB ::Q3 INCOME BEFORE TAX AT MSEK 1,490 (2,034).IMPROVED OPERATIONAL PERFORMANCE IN PEAK SUMMER SEASON.Q3 WAS CHARACTERIZED BY STRONG OPERATIONAL PERFORMANCE.Q3 REVENUE AT MSEK 13,552 (13,146).PREVAILING MACROECONOMIC HEADWINDS REQUIRE IMPROVED EFFICIENCY TO SECURE COMPETITIVENESS AND LONG-TERM PROFITABILITY.Q3 EARNINGS BEFORE TAX AND NONRECURRING ITEMS AT MSEK 1,495 (2,008).DECLINE IN CAPACITY CAUSED BY PILOT STRIKE WAS COMPENSATED BY INCREASED PASSENGER REVENUE..Q3 NET INCOME FOR THE PERIOD AT MSEK 1,162 (1,570).CONTINUED POSITIVE TREND IN SALE OF EUROBONUS POINTS AND ANCILLARY REVENUE.WE REITERATE OUR FULL YEAR OUTLOOK THAT IT WILL BE CHALLENGING TO REACH A POSITIVE RESULT BEFORE TAX AND ITEMS AFFECTING COMPARABILITY FOR FY2019.EVEN THOUGH CAPACITY OUTLOOK AND RECENT DECLINE IN JET FUEL PRICE ARE POSITIVES, SEVERAL CHALLENGES REMAIN UNCHANGED SINCE OUR Q2 REPORT.INCREASED FUEL COSTS, SWEDISH KRONA'S CONTINUED WEAKNESS AGAINST US DOLLAR, AS WELL AS PILOT STRIKE AT BEGINNING OF QUARTER.HEADWIND STEMMING FROM WEAK SEK AND SIGNS OF A SLOWDOWN IN EUROPEAN ECONOMY, ACCENTUATE NEED TO ADAPT OPERATIONS TO CURRENT MARKET CONDITIONS.FORECASTS FOR REMAINDER OF YEAR INDICATE A MARKET CAPACITY GROWTH OF APPROXIMATELY 1% FOR FULL YEAR 2019.SIGNIFICANT ORDER BOOK OF NEW AIRCRAFT TO BE DELIVERED UNTIL 2024 CARRIES A RISK OF STRUCTURAL OVERCAPACITY IN EUROPEAN AIRSPACE.."WE NEED TO LOOK AT ADDITIONAL INITIATIVES BEYOND 2020.".

Qantas Airways Announces Overhaul To Frequent Flyers Program

Thursday, 20 Jun 2019

June 20 (Reuters) - Qantas Airways Ltd ::QANTAS FREQUENT FLYERS TO SOON PAY SIGNIFICANTLY LESS FEES FOR INTERNATIONAL REWARD FLIGHTS, GET ACCESS TO MORE SEATS & MORE REWARDS.FREQUENT FLYERS PROGRAM OVERHAUL REPRESENTS A $25 MILLION INVESTMENT.

Fastjet Says Fastjet Tanzania Directors Advised Suspension Of All Flights Within Tanzanian Network

Monday, 17 Dec 2018

Dec 17 (Reuters) - :FASTJET SAYS DIRECTORS OF FASTJET AIRLINES LTD (TANZANIA) HAVE ADVISED SUSPENSION OF ALL FLIGHTS WITHIN THE TANZANIAN NETWORK - STATEMENT.FASTJET SAYS DIRECTORS OF FASTJET TANZANIA ARE IN DISCUSSIONS WITH THE AUTHORITIES REGARDING THE CONTINUED OPERATIONS OF THE AIRLINE - STATEMENT.FASTJET SAYS ALL FLIGHTS TO AND FROM SOUTH AFRICA, ZIMBABWE AND MOZAMBIQUE REMAIN UNAFFECTED - STATEMENT.

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