SAS CEO Rickard Gustafson announced (05-December-2019) “the uncertain economic Outlook and the emerging slowdown in the key economies will have a negative impact on consumer demand” and “therefore, we foresee a significantly lower growth, both from the point of view of demand, and terms of the offer”. Mr. Gustafson said the weakness of the Swedish Krona against the U.S. dollar and the Euro “remains a problem”. Mr. Gustafson stated the higher cost of aircraft, the increase in training and introduction of IAS 16, SAS plans to ensure profitability on EBIT in the amount of 3% -5% in 2020 fiscal year, and the increase in loss year-over-year 1 кв2020. (more – original PR)

SAS CEO Rickard Gustafson announced (05-December-2019) “the uncertain economic Outlook and the emerging slowdown in the key economies will have a negative impact on consumer demand” and “therefore, we foresee a significantly lower growth, both from the point of view of demand, and terms of the offer”. Mr. Gustafson said the weakness of the Swedish Krona against the U.S. dollar and the Euro “remains a problem”. Mr. Gustafson stated the higher cost of aircraft, the increase in training and introduction of IAS 16, SAS plans to ensure profitability on EBIT in the amount of 3% -5% in 2020 fiscal year, and the increase in loss year-over-year 1 кв2020. (more – original PR)