24.4 og 29.4 , 1Q fra NAS og SAS
- Thread starter sail4fun
- Start date
CK
ScanFlyer Mile High Club
klassisk Norwegian. De er veldig flinke til å gjemme sine prisøkninger, mens SAS er erlige (eller dumme?) og forteller markedet hva man gjør og hvorfor. Det er hélt vanlig prosedyre fra DY å øke prisene i det stille, gjerne med små økninger i flere omganger. Så Kjos har svært liten troverdighet når han sier de ikke vil øke prisene. Når SAS har hatt sine prisøkninger inne i noen dager filer nok DY nye priser ganske raskt
sail4fun
ScanFlyer Mile High Club
Interim Report January-March 2008
Key ratios for the period
· Operating revenue: MSEK 12,833 (11,887) (+6.3%) *
· Number of passengers: 7.3 million (+2.6%)
· Earnings before nonrecurring items in continuing operations: MSEK -973 (-94)
· EBT margin before nonrecurring items: -7.6% (-0.8%)
· Net income for the period: MSEK -1,134 (-47)
· Earnings per share: SEK -6.55 (-0.11)
· A short-term action plan corresponding to SEK 1.1 billion will be implemented.
A total of 44% of the long-term cost program corresponding to SEK 2.8 billion has been implemented.
* Currency adjusted
Comments by the CEO
The negative earnings trend we experienced in November and December last year continued in the first quarter of 2008. The primary reason for this is the rapid rise in jet fuel prices to record high levels that could not be offset, while unit earnings fell as a result of further intensification of competition. There is also certain overcapacity in the market and tendencies toward a decline in business travel. Managing this market situation is currently a challenge faced by the entire air-travel industry. We have seen how companies in the local market have adjusted their forecasts downward at the same time as carriers in the US and Asia have filed for bankruptcy. Consolidation in the industry on a global scale is continuing with full force.
Accordingly, the SAS Group's earnings for the first quarter were very weak, with an outcome of MSEK -973, which is a substantial decline compared with the year-earlier period. The first quarter is seasonally a weak quarter, which was further amplified by Easter falling in March this year. However, the underlying decline is deemed to amount to approximately MSEK 600. We continued to incur increasing expenses as a result of the Q400 problems, but the amount of compensation received from Bombardier will mostly offset this during the quarter.
There are indications that that global trends are so serious that we must prepare for a more enduring economic downturn. The macroeconomic problems, which essentially derive from the overutilization of the US credit market, are now having knock-on effects in the financial system.
To turn around the earnings trend and manage the challenging market situation, we have extended the action plan announced in February and grouped it together under the name Profit 2008. These measures shall generate an earnings effect in
2008 of SEK 1.1 billion, including price adjustments, changes to the traffic programs, additional efficiency enhancements of overheads and the discontinuation and postponement of certain planned activities. Furthermore, we have decided to reduce capacity by 11 aircraft (5%) commencing in autumn 2008 and have decided not to implement the planned increase of one intercontinental aircraft. In total, the number of positions will reduced by approximately 1,000 FTEs.
In parallel with these measures, we will continue to implement the S11 strategy program - "Strategy 2011." Major focus is being directed toward a cultural turnaround and to improving our customer satisfaction, for example by providing more stable delivery quality and continuous product improvements.
The situation in the air-travel industry is serious. For this reason it is vital that we turn around the earnings trend and at the same time keep S11 on track to ensure that we can develop SAS to become an even stronger and more competitive airline.
Mats Jansson
President and CEO
------------------------------------------------------------
This information was brought to you by Cision http://newsroom.cision.com The following files are available for download:
http://wpy.waymaker.net/client/waymaker1/WOLReleaseFile.aspx?id=766866&fn=wkr0003.pdf Full report
Key ratios for the period
· Operating revenue: MSEK 12,833 (11,887) (+6.3%) *
· Number of passengers: 7.3 million (+2.6%)
· Earnings before nonrecurring items in continuing operations: MSEK -973 (-94)
· EBT margin before nonrecurring items: -7.6% (-0.8%)
· Net income for the period: MSEK -1,134 (-47)
· Earnings per share: SEK -6.55 (-0.11)
· A short-term action plan corresponding to SEK 1.1 billion will be implemented.
A total of 44% of the long-term cost program corresponding to SEK 2.8 billion has been implemented.
* Currency adjusted
Comments by the CEO
The negative earnings trend we experienced in November and December last year continued in the first quarter of 2008. The primary reason for this is the rapid rise in jet fuel prices to record high levels that could not be offset, while unit earnings fell as a result of further intensification of competition. There is also certain overcapacity in the market and tendencies toward a decline in business travel. Managing this market situation is currently a challenge faced by the entire air-travel industry. We have seen how companies in the local market have adjusted their forecasts downward at the same time as carriers in the US and Asia have filed for bankruptcy. Consolidation in the industry on a global scale is continuing with full force.
Accordingly, the SAS Group's earnings for the first quarter were very weak, with an outcome of MSEK -973, which is a substantial decline compared with the year-earlier period. The first quarter is seasonally a weak quarter, which was further amplified by Easter falling in March this year. However, the underlying decline is deemed to amount to approximately MSEK 600. We continued to incur increasing expenses as a result of the Q400 problems, but the amount of compensation received from Bombardier will mostly offset this during the quarter.
There are indications that that global trends are so serious that we must prepare for a more enduring economic downturn. The macroeconomic problems, which essentially derive from the overutilization of the US credit market, are now having knock-on effects in the financial system.
To turn around the earnings trend and manage the challenging market situation, we have extended the action plan announced in February and grouped it together under the name Profit 2008. These measures shall generate an earnings effect in
2008 of SEK 1.1 billion, including price adjustments, changes to the traffic programs, additional efficiency enhancements of overheads and the discontinuation and postponement of certain planned activities. Furthermore, we have decided to reduce capacity by 11 aircraft (5%) commencing in autumn 2008 and have decided not to implement the planned increase of one intercontinental aircraft. In total, the number of positions will reduced by approximately 1,000 FTEs.
In parallel with these measures, we will continue to implement the S11 strategy program - "Strategy 2011." Major focus is being directed toward a cultural turnaround and to improving our customer satisfaction, for example by providing more stable delivery quality and continuous product improvements.
The situation in the air-travel industry is serious. For this reason it is vital that we turn around the earnings trend and at the same time keep S11 on track to ensure that we can develop SAS to become an even stronger and more competitive airline.
Mats Jansson
President and CEO
------------------------------------------------------------
This information was brought to you by Cision http://newsroom.cision.com The following files are available for download:
http://wpy.waymaker.net/client/waymaker1/WOLReleaseFile.aspx?id=766866&fn=wkr0003.pdf Full report
sail4fun
ScanFlyer Mile High Club
SAS Group earnings for first quarter: MSEK -973 - Profit 2008 action program
expanded to SEK 1.1 billion
Key data from the SAS Group's first-quarter report today:
· Earnings before nonrecurring items for the period amounted to MSEK -973 (-94), a decline of MSEK 879 · The Group transported 7.3 million passengers, an increase of 2.4%
As a result of the rapidly increasing fuel prices, increasing overcapacity and the consequent pressure on yield, SAS has expanded the action program announced in February, which has been grouped under the name Profit 2008.
Main points of Profit 2008:
· Total earnings effect in 2008 - SEK 1.1 billion · Capacity reduction by 11 aircraft commencing in autumn 2008, and the addition of another long-haul aircraft has been postponed · A surplus of approximately 1,000 full-time positions will occur.
Mats Jansson, President and CEO, comments:
"To turn around the earnings trend and manage the challenging market situation, we are undertaking a number of short-term measures that we have grouped under the name Profit 2008. These measures shall generate an earnings effect in 2008 of SEK 1.1 billion, including price adjustments, changes to the traffic programs, additional efficiency enhancements of overheads and the discontinuation and postponement of certain planned activities. In total, the number of positions will be reduced by approximately 1,000 FTE.
"At the same time, it is important to keep S11 on track to ensure that we can develop SAS to become an even stronger and more competitive airline."
Refer to the interim report at www.sasgroup.net for further detailed information.
SAS GROUP INVESTOR RELATIONS
------------------------------------------------------------
This information was brought to you by Cision http://newsroom.cision.com The following files are available for download:
http://wpy.waymaker.net/client/waymaker1/WOLReleaseFile.aspx?id=766937&fn=wkr0003.pdf
expanded to SEK 1.1 billion
Key data from the SAS Group's first-quarter report today:
· Earnings before nonrecurring items for the period amounted to MSEK -973 (-94), a decline of MSEK 879 · The Group transported 7.3 million passengers, an increase of 2.4%
As a result of the rapidly increasing fuel prices, increasing overcapacity and the consequent pressure on yield, SAS has expanded the action program announced in February, which has been grouped under the name Profit 2008.
Main points of Profit 2008:
· Total earnings effect in 2008 - SEK 1.1 billion · Capacity reduction by 11 aircraft commencing in autumn 2008, and the addition of another long-haul aircraft has been postponed · A surplus of approximately 1,000 full-time positions will occur.
Mats Jansson, President and CEO, comments:
"To turn around the earnings trend and manage the challenging market situation, we are undertaking a number of short-term measures that we have grouped under the name Profit 2008. These measures shall generate an earnings effect in 2008 of SEK 1.1 billion, including price adjustments, changes to the traffic programs, additional efficiency enhancements of overheads and the discontinuation and postponement of certain planned activities. In total, the number of positions will be reduced by approximately 1,000 FTE.
"At the same time, it is important to keep S11 on track to ensure that we can develop SAS to become an even stronger and more competitive airline."
Refer to the interim report at www.sasgroup.net for further detailed information.
SAS GROUP INVESTOR RELATIONS
------------------------------------------------------------
This information was brought to you by Cision http://newsroom.cision.com The following files are available for download:
http://wpy.waymaker.net/client/waymaker1/WOLReleaseFile.aspx?id=766937&fn=wkr0003.pdf
Selskap - resultat - margin
SAS Norge -192 -6,0%
SAS Sverige -69 -3,3%
SAS Danmark -125 -4,3%
SAS IC -151 -8,4%
Blue1 +2 0,3%
AirBaltic -107 -21,0%
Widerøe +10 1,2%
SAS Norge, SAS IC og Baltic er det med dårligst marginer. Widerøe og Blue1 er de eneste som tjener penger og SAS IC og Blue1 er det eneste som viser til en forbedring fra ifjor.
Og nå går også SGS ut offentlig og sie hvor hovedproblemet ligger:
Jeg mener fortsatt løsningen her er å velge LH sin modell. Skrankeansatte og alle som møter kunder face-to-face tas tilbake i selskapet (airline) og bagasjehåndtering og lasting/lossing outsources
SAS Norge -192 -6,0%
SAS Sverige -69 -3,3%
SAS Danmark -125 -4,3%
SAS IC -151 -8,4%
Blue1 +2 0,3%
AirBaltic -107 -21,0%
Widerøe +10 1,2%
SAS Norge, SAS IC og Baltic er det med dårligst marginer. Widerøe og Blue1 er de eneste som tjener penger og SAS IC og Blue1 er det eneste som viser til en forbedring fra ifjor.
Og nå går også SGS ut offentlig og sie hvor hovedproblemet ligger:
Jeg mener fortsatt løsningen her er å velge LH sin modell. Skrankeansatte og alle som møter kunder face-to-face tas tilbake i selskapet (airline) og bagasjehåndtering og lasting/lossing outsources
Last edited:
Hvilke 11 fly skal ut av flåten?
"- Videre har vi bestemt å redusere kapasiteten med 11 flymaskiner, tilsvarende 5 prosent av flåten og har bestemt å ikke implementere den planlagte økningen av en interkontinental rute.Totalt vil antall stillinger bli redusert med 1.000 ansatte, sier Jansson."
Betyr dette ytterligere oppsigelser av piloter eller møter denne reduksjonen forventet pensjonsavgang? SAS blir snart det eneste flyselskapet som kun har 4-stripere....
Betyr dette ytterligere oppsigelser av piloter eller møter denne reduksjonen forventet pensjonsavgang? SAS blir snart det eneste flyselskapet som kun har 4-stripere....
sk931
ScanFlyer Rusty
Re: SAS Regnskabet for Q1
vil få et "tilbud" de ikke ser sig istand til at afvise.
Fordelt over hele verden er 1000 ikke mange, synes jeg.....Selvfølgelig er SAS
tallene alvorlige, og noget skal ske
Hilsen
Ole
Tallet 1000 lyder højt, men mon ikke mange, der er tæt på pensionsalderen,
vil få et "tilbud" de ikke ser sig istand til at afvise.
Fordelt over hele verden er 1000 ikke mange, synes jeg.....Selvfølgelig er SAS
tallene alvorlige, og noget skal ske
Hilsen
Ole
CK
ScanFlyer Mile High Club
Re: SAS Regnskabet for Q1
- Arbetet med att sätta besparingsåtgärderna i verket inleds omgående. Beträffande övertaligheten kommer den att hanteras i de olika bolagen och fackföreningarna kommer att vara med i processen. När detaljerna är klara ska de kommuniceras omgående, säger Mats Jansson.
- Arbetet med att sätta besparingsåtgärderna i verket inleds omgående. Beträffande övertaligheten kommer den att hanteras i de olika bolagen och fackföreningarna kommer att vara med i processen. När detaljerna är klara ska de kommuniceras omgående, säger Mats Jansson.
BU662
critical mind
Jeg tror Management har begynner med hastverk og panikk-reaksjoner na. A kutte ut den planlagte longhaul-ekspansjon vil koste selskap en god del fremtid. Det er omradet hvor Lufthansa tjener penger, ikkke i short-haul, da flyr de med marginale gevinster. Na risikerer man at enda flere flyr rett fra starten av sin reise med konkurranse via FRA eller AMS. Og skulle denne trenden forsterke seg, vil vi i fremtida sikkert se en TRD-FRA.
Tallene er utrolig svake og man kan spöre seg om det ble en sa veldig klok ide a utsette transformeringen av selskaped i Desember fordi man frykted en ny streik. De ansatte ma innse at de kan ga til streik, og da vil de knekke heile selskap. I dagens form kan SAS ikke overleve. Ikke en eneste av de originale SAS selskaper har tjent penger. Hverken SAS IC, NO, SWE eller DK.
Selskap ma slanke og rendyrke seg. Selskap ma ta seg betalt for det de tilbyr og definerer sitt produkt rent og klart. Enten Lave priser - mens dette vil bare funke som Low-Cost, eller Service, og dette kan man kreve litt mere kroner for. Setter seg SAS innimellom, vil de drukne.
Jeg er enig med OJB. SAS er i begynnelsen av en meget bittert periode og mange flere enn disse 1.000 som er annonsert idag vil miste sine jobber.
Tallene er utrolig svake og man kan spöre seg om det ble en sa veldig klok ide a utsette transformeringen av selskaped i Desember fordi man frykted en ny streik. De ansatte ma innse at de kan ga til streik, og da vil de knekke heile selskap. I dagens form kan SAS ikke overleve. Ikke en eneste av de originale SAS selskaper har tjent penger. Hverken SAS IC, NO, SWE eller DK.
Selskap ma slanke og rendyrke seg. Selskap ma ta seg betalt for det de tilbyr og definerer sitt produkt rent og klart. Enten Lave priser - mens dette vil bare funke som Low-Cost, eller Service, og dette kan man kreve litt mere kroner for. Setter seg SAS innimellom, vil de drukne.
Jeg er enig med OJB. SAS er i begynnelsen av en meget bittert periode og mange flere enn disse 1.000 som er annonsert idag vil miste sine jobber.
MD90
ScanFlyer Blue
Re: SAS Regnskabet for Q1
Det eneste som sies i rapporten er at en tredjedel av oppsigelsene gjelder "ej produktionrelaterade resurser".
Det eneste som sies i rapporten er at en tredjedel av oppsigelsene gjelder "ej produktionrelaterade resurser".
Ikke bra .. paa flere maater. Hvis man vurderer kostnadsproblemet som stoerst, burde man IMHO se paa muligheter for aa oeke inntekter foerst. Naa kjoerer man den vanlige SAS-metoden med aa gaa inn i sparespiralen som igjen vil foere til lavere inntekter som igjen vil foere til nye sparetiltak som igjen vil foere til lavere inntekter osv osv ... dette har vi sett foer.
Naa er tiden inne til aa se paa MULIGHETENE! Hvor kan man hente mer inntekter? Hvilke markeder kan melkes? SAS har allerede 'klaget' paa at de ikke kan dekke etterspoerselen til USA. Vel, saa kanskje ikke SFO er svaret .. men hva med litt kreativ codesharing? Andre Star-medlemmer har codeshare utenfor alliansen, saa hva med litt codeshare til Atlanta? Houston? Dra nytte av partnerens enorme markedsfoeringsapparat. Det er ofte billigere aa spare ved aa oeke produksonen ..
Naa er tiden inne til aa se paa MULIGHETENE! Hvor kan man hente mer inntekter? Hvilke markeder kan melkes? SAS har allerede 'klaget' paa at de ikke kan dekke etterspoerselen til USA. Vel, saa kanskje ikke SFO er svaret .. men hva med litt kreativ codesharing? Andre Star-medlemmer har codeshare utenfor alliansen, saa hva med litt codeshare til Atlanta? Houston? Dra nytte av partnerens enorme markedsfoeringsapparat. Det er ofte billigere aa spare ved aa oeke produksonen ..
MartinL
ScanFlyer Dusty
Det var jeg ganske så sikker på at jeg ikke trengte uansett
Hvor blir flyene kuttet og hvor vil dette bli mest synlig?
