SAS considering the possibility of an operating permit outside of Scandinavia, which allows for the aircraft can be flagged out for on the way to ensure lower production costs.
The type bransjenettstedet check-in.dk, which refers to an article on the intranet to the SAS.
managing director Knut Morten Johansen confirms that a message to the employees is sent out, but will not verify that the contents match the information to the check-in.dk:
– This is the information that has gone out to the employees. It is about a strategic update that you have been notified, and do not imply any new course for the SAS, he says to E24.
do you Know anything about this case? Do you know internmeldingen? Contact E24s journalists
He emphasizes that the SAS can’t say anything about the strategic plan prepared before resultatrapporten for the quarter presented 13. December, as the company until then is in a so-called “quiet period” where børssensitive information shall not be disclosed.
Believe SAS stands weakened again after the government’s sale of shares
– a collision course with the employees
Flyanalytiker Jacob Pedersen of Sydbank believes that the company will risk a very negative reaction from the staff, if the information to check-in.dk votes.
On the list of solutions that can ensure the SAS long-term survival, this must stand as one of the absolute bottom in terms of how complex it can be for the SAS to carry out – because it puts management on a collision course with the employees., he says to E24
QUIET PERIOD: Knut Morten Johansen, managing director at SAS, says the company cannot comment on internmeldingen – but says at the same time that there are plans for some new courses.
– When you still start to talk about it, is it enough to prepare the employees. It is also a testimony that the SAS-the management may see that they are buttons which you can turn on has a limit, continues SAS analyst.
Forbundsleder Yngve Carlsen in the Norwegian Flygerforbund, who organizes the SAS-pilots, believe it is an unhealthy competition in the aviation industry driven by de-regulation that drives the industry towards the lowest bidder.
It is a development we did not like, says fagforeningslederen – that even have not read the internmeldingen.
” We expect that SAS will continue to be a scandinavian workplace. We have been involved in a significant restructuring in the last few years. I am concerned that workplaces are preserved in Scandinavia and that the SAS must act responsibly, ” he says.
Competition has lower costs
Professor: Reasonable by the state to sell SAS
A challenge for SAS is, according to Pedersen of Sydbank that the competitors have a lower cost base.
– Competitors that fly into the nordic air space has a substantially smaller share of foreign employees than SAS. It gives lower costs.
the cost differential between, for example, SAS and Norwegian will appear in the unit costs.
While the SAS in the last quarter of the year had a cost excluding fuel costs on 0,53 Swedish kronor per available seat kilometre (cask), the corresponding figure 0,30 nok for Norwegian.
SAS could perhaps compensate for something if they had more long distance. A company like Lufthansa or British Airways is a little less exposed to the type of problems because they have a size that can justify that some areas have higher costs, ” he says.
SAS-ANALYST: Jacob Pedersen, Sydbank.
– No one has the parts have SAS. One stands as a mid-sized scandinavian networking company – it is a structurally very difficult situation to be in. Man has attempted to improve the efficiency and spareplaner to lower costs, where I think SAS has been good, ” says the analyst.
Tailwind turned into a headwind
The latest traffic reports to the SAS indicates that the admission fees are under pressure.
In september, notified SAS that increased markedskapasitet in Scandinavia has resulted in intensive competition which has added pressure on the so-called yield, or revenue per flown passenger kilometre, which is a measure of the airline’s ticket revenue.
In september dropped the yield by eight per cent, and in October, the decrease was 12 per cent. In the report last month notified SAS that yieldfallet has been greater than expected, which along with increased fuel prices and unfavourable currency effects have a negative effect on working capital and earnings.
Overall, this will have a noticeable impact on the financial developments in the period august to October, wrote the airline at the time.
The only thing that is absolutely certain is that if one looks forward, sees the conditions difficult, ” says Pedersen.
– It is very hard pressure on ticket prices. It makes it difficult to earn money when we look into in 2017. You have fuel prices that could well provide some headwind, and a dollar which has risen sharply. The medvinden you have experienced in 2015 and parts of 2016 is reversed. This places even greater demands on kostnadsstyringen if you want to ensure a company is viable also in the long term.
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