SAS reports small Q4 profit

Scandinavia's Scandinavian Airlines recorded a small Q4 net profit last year and says it hopes to make a small profit for 2011.

"Assuming continued recovery in the home market and that no unexpected events occur, (we hope) to achieve positive income before tax for full-year 2011," said acting ceo John Dueholm before he was replaced by new chief Rickard Gustafson (on February 1).

Net profit in the quarter was around US$7.3 million.

 

SAS reports small Q4 profit

Scandinavia's Scandinavian Airlines recorded a small Q4 net profit last year and says it hopes to make a small profit for 2011.

"Assuming continued recovery in the home market and that no unexpected events occur, (we hope) to achieve positive income before tax for full-year 2011," said acting ceo John Dueholm before he was replaced by new chief Rickard Gustafson (on February 1).

Net profit in the quarter was around US$7.3 million.