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SAS Braathens expects current price level to hold - report.

AIRLINE INDUSTRY INFORMATION-(C)1997-2004 M2 COMMUNICATIONS LTD

Norwegian airline SAS Braathens, part of SAS Group, is reportedly expecting the current price level to allow a considerable profit in 2006.

SAS Braathens' new head Petter Jansen said in an interview with the Norwegian business newspaper Dagens Naeringsliv that only higher interest rates or a significant increase in fuel prices could force a new price hike.

SAS Braathens increased its return ticket prices by NOK90-380 in August.

Jansen said that Braathens after its merger with SAS would have a turnover of NOK10-11bn, and that the aim was to reach an operating profit of some NOK1bn by the end of 2006.

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Publication:Airline Industry Information
Article Type:Brief Article
Geographic Code:4EXNO
Date:Sep 2, 2004
Words:121
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