Word: sas
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...Since its founding in 1946, reliable Scandinavian Airlines System always turned a profit-until last year, when ambitious expansion projects brought a loss of $16 million on revenues of $127 million. Last week SAS's tri-nation board (Sweden, Norway, Denmark) set off a public uproar by firing popular Managing Director Ake Rusck, 49, and hiring coolly brilliant Kurt Nicolin, 40. An aeronautical engineer who helped design Sweden's first jet engine, Nicolin comes to SAS "on loan" from ASEA, Sweden's largest electrical complex, where he has been managing director...
Without Reservation. The airline busi ness, which now takes 19 people to provide for one passenger, is seeking economies too. Scandinavian Airlines predicted last week that before long an air traveler will be able to buy a simple ticket good any time on any airline without advance reservations. SAS Vice President Warren Kraemer also suggested that in time the airlines will serve hot food to all classes of passengers (it is often cheaper than elaborate cold cuts), and that distinctions between first and economy classes may disappear. Kraemer suggests that businessmen who usually travel first-class for status reasons should...
...economically between cities only null apart. Price: between $2,500,000 and $3,000,000-about half the cost of a DC-8 or Boeing 707. The first flights of the new plane with engines placed near the tail were so successful that eight airlines (among them: Air France, SAS, Alitalia, Sabena, Varig) have ordered 60 planes. The experts think that is just a starter, forecast a potential North American market of 500 Caravelles as replacements for aging piston-engined craft...
...FARE CUTS will come fast next year on international routes. Starting in April, British European Airways will chop prices an average 17% on 400 fares throughout routes in Britain, Europe and the Middle East. Scandinavian Airlines (SAS) will cut air-freight rates as much as 80% next spring...
...travel to Russia easy. Intourist has a permanent representative in the U.S., books tourists through a dozen major U.S. travel agencies and 50 associated agencies. Chief among them: American Express, which now has its own office in Moscow, and Manhattan's Cosmos Travel Bureau. Six Western European airlines (SAS, Finnair, Air France, KLM, Sabena and British European Airways) fly into Russia, occasional boat cruises ply the Black Sea, and tourists can even enter Russia in their own autos...