Word: sas
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...carriers are suddenly flourishing on their own. Last year Lufthansa in creased its profits over the previous year by almost 500 times, to $9,230,000. Air France has flown 16.3% more passengers so far this year than last, and its overall revenues are up 6.1%. Sweden's SAS moved from a $17 million deficit three years ago to a profit of $14 million last year. KLM Royal Dutch Airlines last month announced its first profitable quarter in five years-$4,000,000 in earnings for the April-June period. Rising on the New York Stock Exchange along with...
...helping the airlines get fuller use of their costly jet fleets, pushing up load factors past the break-even point for almost all major carriers. To increase profit margins as well as loads, the airlines are streamlining operations. Computerized electronic reservations systems and automated baggage handling have enabled SAS to eliminate 2,700 employees from the payroll in three years. BOAC plans a staff reduction of 18% by 1967. KLM has not only cut back personnel but has also reduced its fleet from 85 planes to 40-and is doing more business than ever. Lufthansa is switching completely to Boeing...
...Norway, is a rare example of several countries cooperating in a single transport commercial enterprise. Before long, the world may have another example. Exploratory talks are now being held among representatives of Pakistan, Turkey and Iran about the possibility of establishing a joint three-nation air system similar to SAS. A final decision will be made within a year, and the decision is expected...
...flights from April 1 to July 1, Pan Am's bookings to Europe are up 30% and TWA's 58% . Even more spectacular is the surge in reservations for flights to the U.S.; Alitalia and BOAC both have increases of more than 100% , while Air France, SAS, KLM, Lufthansa and Swissair have gained 12% to 30% . Airline executives expect a record number of tourists to be attracted to the U.S. by the bargain fares, coinciding as they do with the opening of the New York World's Fair...
...Result: the parent company's profits nearly doubled in two years. While accomplishing this, Nicolin was also lent out temporarily by the Wallenbergs to become president of the sick Scandinavian Airlines System. Using the same management techniques that were working at ASEA, he almost immediately cut SAS's losses of $193,000 a day. After nine months at SAS, he returned to ASEA, leaving behind an airline so revitalized that this year it is expected to fly in the black...