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SAS says to cut flights, jobs at Spanair unit

17-Jul-2008
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SAS says to cut flights, jobs at Spanair unit

Tags :Continental Europe, SAS

(XFN-ASIA) Scandinavian airline SAS said it would ground 15 aircraft in September and October and cut about 900 jobs, giving it a EUR90 million earnings boost in 2009.

 

SAS, which last month abandoned a plan to sell Spanair, will cancel nine unprofitable routes.  

SAS said,  "Spanair's management has announced today a feasibility plan to face the current crisis that the airline industry is going through as a consequence of the high fuel prices and the decrease of demand."  

Date posted: 17-Jul-08

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