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- W602410060 abstract "Scandinavian Airlines (SAS), which bills itself as the businessman's airline, has been hit hard by the decline in business and premium travel and the rise of low-cost carriers. It also underwent a major management change and a price-fixing scandal in the months leading up to the September 11 attacks. It underwent drastic restructuring, including elimination of 3,600 jobs and grounding of 21 aircraft. But the airline's historically high-cost way of doing things leaves it vulnerable still. The shakeups include breaking up operations to make them more transparent and efforts to transform cost centers into profit centers. Business travel has dropped 17% in Scandinavia and 25% on other SAS routes. Among the new changes are point-to-point service based on aircraft flying to and from the same base and restructuring labor agreements to cut costs. A one-cost cabin concept, Scandinavian Direct has been sluggishly accepted. It emphasizes Web-based booking. A potential competitor is Ryanair, which located its first Scandinavian base in Skavsta. The Irish low-fare newcomer plans to base three jets there. SAS is also starting an in-house no-frills line while the mainline is contracting service, along with most rivals." @default.
- W602410060 created "2016-06-24" @default.
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- W602410060 date "2003-04-01" @default.
- W602410060 modified "2023-09-22" @default.
- W602410060 title "'WE PLAN & PRAY AT THE SAME TIME' : SAS GROUP CEO JOERGEN LINDEGARDE BELIEVES THE COMPANY'S FUTURE HINGES ON LOWERING COSTS, IMPROVING PRODUCTIVITY - AND KEEPING FINGERS CROSSED" @default.
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