Business Travel Show Europe Kick Off, 23 February,
Global Travel Risk Summit Europe, April 2023,
3rd Annual Sustainable Business Travel Summit
SAS reported a net income of 55m (SEK529m) in the third quarter of 2005, a sharp rise for the 14m (SEK133m) for the same period in 2004.During the three month period to September, the airline said it carried 9.3m passengers, a rise of 8.9% compared with the same three months for 2004.JÃ¸rgen Lindegaard, president and ceo of the SAS Group, said: "Third-quarter earnings were, as anticipated, positive and in line with the profitability plan for the SAS Group."The new business model in Europe has proved successful and combined with continued reductions in unit costs we are strengthening the Group's position." The figures appear to confirm SAS's gradual return to profitability. In the first three months of 2005, the group recorded a net income loss of 102m (SEK971m).In the second quarter its net income moved into the black at 52m (SEK499m).
Oneworld aims for Dutch market
The oneworld alliance headed by BA and American Airways has launched a drive to capture a larger share of the Dutch business travel market.It plans to offer small and medium-sized companies discounts of up to 50% on a range of more than 1000 fares in return for a "more regular relationship" with the alliance.Companies must register with the alliance to be eligible for the offer which covers flights to more than 190 city destinations across the world.The scheme already operates in Germany, France and Switzerland and oneworld said it planned to extend it to other countries in the future. The alliance said more than 2,400 companies in Germany and France had signed up for the discounts.
Lastminute.com boosts Sabre
The acquisition of lastminute.com by Sabre Holdings added $100m revenue to the US travel distribution companies figures for the third quarter of 2005.Sabre Holdings reported a revenue for the three months of $700m, a rise of 29% on the same period for 2004.Net earnings for the quarter were $65m.Travelocity, Sabre's online travel agency which acquired lastminute.com, saw its revenue rise by 98% during the quarter and had an adjusted operating income of $43m.Sabre Travel Network which includes the GDS services saw its revenue for the quarter rise by 4% to $403m with 86,000,000 transactions recorded.Sam Gilliland, chairman and ceo of Sabre Holdings, described the revenue and earnings results as "excellent."