Positive income before tax and nonrecurring items – New aggressive plan launched – First decisive step implemented
SAS launches comprehensive plan to improve profitability and secure long-term financial preparedness – new collective agreements must be reached in the near future
4Excellence generates results - Revenue measures lead to more passengers and increased revenue - The unit cost was reduced by 4%
Strengthened cash flow but negative earnings as forecast - continued challenges in 2012 - 4Excellence measures corresponding to SEK 5 billion to be implemented
SAS revenues for the financial year from 1 January 2011 to 31 December 2011 amounted to MSEK 41,412 (41,070). Operating income reached MSEK 646 (-1,939).
Positive income before impairment charges of SEK 1.7 billion attributable to Spanair - Greater challenges in 2012 - 4Exellence strategy accelerated, measures totaling SEK 5 billion in 2012-2013