Market Quotes Powered By Forexpros, the Forex, Futures, and Stock Markets Portal.
Michael O'Leary, Ryan Air boss sees the possible demise of SAS
Wednesday, 16 May 2012
SAS has emerged again on the tongue of Ryanair boss’s mouth and the
same line to attach still maintained – tat SAS will not survive in the
The trouble Scandinavian airlines continued to be a “spoilt child” of
the Scandinavian government that keep on pumping money in the company
but of which the company keeps on finding it hard to make returns.
According the controversial Ryainr boss, Michael O'Leary SAS is an
airline in crisis and will not be one of the major European airlines
that will survive.
Michael O'Leary was on a brief visit to Vasteras on Tuesday during a promotional tour to Europe.
According to Swedish media reports, the EU is threatening to put an end
to the heavy discounts that the airline (Ryanair) may be getting from
To emphasize the point O'Leary pointed that that there will be an
expansion of accommodation until the dispute is resolved, but in other
places, the company expects to grow rapidly. In five years he will have
150 million passengers and one of four large European airlines with
Lufthansa, Air France and British Airways.
Prospects for SAS is bleak if we are to believe Michael O'Leary. "The
company is clearly in crisis and it will require a thorough
reorganization to reverse the trend, "he says according to Swedish
business daily, Dagens Industri.
O'Leary also seizes the chance to announce at the same time that the idea of fee paying toilet on board is not dead.
By Scancomark.se Team
What do you think about this
article or us? Please leave a comment. Thank you!