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Swedish airline SAS eyes cost cutting

Xinhua, December 14, 2016 Adjust font size:

Scandinavian airline SAS is aiming at further cost cutting in the coming years, the company's CEO said on Tuesday.

"Market conditions have become more demanding and the industry continues its rapid pace of change," SAS President and CEO Rickard Gustafson said in a year-end report.

The Scandinavian air travel market and demand for more long-haul routes and European leisure routes is on the rise, he said.

"We are now raising our aim for our streamlining program from 0.8 billion SEK (87 million U.S. dollars) to 1.5 billion SEK (163 million U.S. dollars) in 2017-2019," Gustafson said.

According to the report, the airliner's income before tax during the November 2015-October 2016 period is 1,431 million SEK (156 million U.S. dollars), compared with 1,417 million SEK (154 million U.S. dollars) a year earlier. Endit