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Business

SAS unveils rough financial results

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December 18th, 2014


This article is more than 10 years old.

Airline gearing up for sixth saving plan in 12 years

The Scandinavian airline SAS will enter yet another year on a mission to make some serious savings after revealing poor financial results for 2014 that showed a loss of 575 million kroner.

The airline lost 352 million kroner during the fourth quarter alone, and it is now gearing up for its sixth saving plan in 12 years. However, SAS said it would avoid a huge round of personnel firings.

READ MORE: Cimber buyout could be good news for regional travellers

Optimising with Cimber
Rickard Gustafson, the CEO of SAS, said in a press release that earnings had been impacted by fierce competition – such as from Norwegian, Ryanair and Easyjet – and price pressure, a trend that will probably continue next year.

“To meet these challenges and strengthen competitiveness, we are implementing additional long-term cost-saving measures that will span the entire business and together generate an earnings impact of SEK 2.1 billion with full effect in 2017,” Gustafson said.

The CEO went on to reveal that the airline had already taken measures to continue the optimisation of production and fleet streamlining – part of which was the acquisition of Cimber earlier this month.


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A survey carried out by Megafon for TV2 has found that 71 percent of parents have handed over children to daycare in spite of them being sick.

Moreover, 21 percent of those surveyed admitted to medicating their kids with paracetamol, such as Panodil, before sending them to school.

The FOLA parents’ organisation is shocked by the findings.

“I think it is absolutely crazy. It simply cannot be that a child goes to school sick and plays with lots of other children. Then we are faced with the fact that they will infect the whole institution,” said FOLA chair Signe Nielsen.

Pill pushers
At the Børnehuset daycare institution in Silkeborg a meeting was called where parents were implored not to bring their sick children to school.

At Børnehuset there are fears that parents prefer to pack their kids off with a pill without informing teachers.

“We occasionally have children who that they have had a pill for breakfast,” said headteacher Susanne Bødker. “You might think that it is a Panodil more than a vitamin pill, if it is a child who has just been sick, for example.”

Parents sick and tired
Parents, when confronted, often cite pressure at work as a reason for not being able to stay at home with their children.

Many declare that they simply cannot take another day off, as they are afraid of being fired.

Allan Randrup Thomsen, a professor of virology at KU, has heavily criticised the parents’ actions, describing the current situation as a “vicious circle”.

“It promotes the spread of viruses, and it adds momentum to a cycle where parents are pressured by high levels of sick-leave. If they then choose to send the children to daycare while they are still recovering, they keep the epidemic going in daycares, and this in turn puts a greater burden on the parents.”