|Bid||25.90 x 0|
|Ask||26.00 x 0|
|Day's Range||25.80 - 26.40|
|52 Week Range||13.25 - 27.10|
|PE Ratio (TTM)||50.49|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The European Commission wants to scrap restrictions placed on EU airlines leasing planes and crew from U.S. carriers, to resolve a long-standing dispute between the two sides. The leasing of crewed planes from another airline - known as wet-leasing - is a common practice in the industry and the 10-year-old EU-U.S. Open Skies aviation services agreement envisaged a liberal regime for wet leasing.
The European Commission said on Friday that it had re-adopted its decision to fine 11 airlines for their part in a cartel to fix air cargo prices after an EU court had annulled its initial finding due to a procedural error. The total fine comes to 776 million euros ($835.5 million), with all of the fines at the same level except for the amount due from Martinair - cut to 15.4 million euros from the 29.5 million euro amount set in 2010.
Norwegian Air is lobbying its government to scrap a deal which prevents it from flying the "Siberian Corridor" over Russia, the shortest route between Scandinavia and Asia. Russia only allows one airline per country to use its airspace and under the terms of a 1956 Soviet-era deal with Denmark, Norway and Sweden only Scandinavian Airlines and Aeroflot can fly the route.
Scandinavian airline SAS will set up bases in London and Spain in a bid to cut staff costs and compete with budget carriers such as Norwegian Air and Ryanair. Partly state-owned SAS flagged plans for its first hubs outside Scandinavia in December. Basing aircraft and employing pilots and cabin staff at leisure destinations in Europe, such as London and the Mediterranean, would lower labour costs, SAS Chief Executive Rickard Gustafson said.
Scandinavian Airlines parent SAS AB will register planes in Ireland and set up bases in London and Spain to serve more leisure travelers at lower cost to compete with expanding discount carriers including Norwegian ...
Aggressive growth strategies at Europe’s leading discount carriers are poised to overthrow the region’s established airline order.
Denmark’s government, which owns stakes in 27 companies including Dong Energy A/S and SAS AB, is prepared to sell off everything that doesn’t affect its ability to protect critical infrastructure.
SAS AB may cut more administrative jobs beyond the 1,000 positions it shed in the past four years and doubled its cost-savings target as the Nordic airline prepares for rising fuel prices and intensifying ...