THE SAS group came close to doubling its pre-tax profits for the third quarter, despite the cost of the pilots' dispute in June, which resulted in a three-day lockout.
SAS turned in profits of SKr1.1 billion ($167 million) for the quarter, overcoming an estimated SKr300 million loss from industrial action. The group says that it is taking "...extensive efforts to minimise the risk of future conflicts".
Pre-tax profits for the full year are expected to reach at least SKr2.5 billion. The improvement has been helped by rising yields, which are up by 5% so far this year, offsetting flat passenger-traffic.
Source: Flight International
