Sunday, July 13, 2014





Scandinavian airline SAS sees Q2 profits drop


February 16. 2013 2:23PM
Story Tools
PrintPrint | E-MailEMail | SaveSave | Hear Generate QR Code QR
Send to Kindle


(AP) Scandinavian airline group SAS AB says its net profit fell almost 42 percent in the second quarter, worse than the market had expected, as jet fuel costs continued to eat into its earnings.


Wednesday's report showed a net profit of 320 million kronor ($48 million), down sharply from the 551 million kronor recorded in the same three months a year earlier.


Revenues, however, rose slightly to 11.39 billion kronor from 11.31 billion kronor, mainly thanks to an increased number of passengers.


Still, fuel costs continued to hammer the Stockholm-headquartered company's bottom-line earnings amid cut-throat market competition from low budget carriers.


Associated Press


Comments
comments powered by Disqus Commenting Guidelines
Poll
Mortgage Minute


Search for New & Used Cars

Make 
Model
 
Used New All
 

Search Times Leader Classifieds to find just the home you want!

Search Times Leader Classifieds to find just what you need!

Search Pet Classifieds
Dogs Cats Other Animals



Social Media/RSS
Times Leader on Twitter
Times Leader on Youtube
Times Leader on Google+
The Times Leader on Tumblr
The Times Leader on Pinterest
Times Leader RSS Feeds