Fra rapport:
Outlook
SAS is continuing the intensive efforts to strengthen competitiveness. The potential exists for SAS to post a positive EBT before tax and nonrecurring items in the 2014/2015 fiscal year. This is provided that the economy does not weaken, that the trend continues in terms of reduced capacity and lower jet fuel prices, is maintained, that exchange rates are not subject to further deterioration and that no unexpected events occur.
The outlook is based on the following conditions:
– SAS plans to reduce total capacity (ASK) by about 1–2% in 2014/2015.
– In the 2014/2015 fiscal year, the earnings impact from the cost measures is expected to amount to about SEK 1.3 billion.
– SAS has hedged 43% of jet fuel consumption in 2014/2015.
– SAS has hedged USD and NOK at 49% and 57%, respectively, of the next 12 months’ foreign currency exposure.
– Net investments are expected to amount to about SEK 1 billion in 2014/2015 .
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