newstodate.aero
AUG 13, 2003 (newstodate): Cost cutting is a main driver behind Icelandair Cargo's impressive H1 results showing a 156 percent increase in profits.
-The main reasons for the improvement are significant reductions in costs, says Petur J Eiriksson, Icelandair Cargo managing director.
-We have been able to negotiate lower costs for aircraft leases and capacity purchased from others. Capacity is now down to better match actual demand by cutting out two roundtrips to JFK.
-Staff has been reduced by 19 percent, and we have outsourced certain financial services and closed a freight terminal in Reykjavik city center. We thus believe we are now in a good position to face the upturn in demand we have been expecting for so long, Eiriksson says.
-The main reasons for the improvement are significant reductions in costs, says Petur J Eiriksson, Icelandair Cargo managing director.
-We have been able to negotiate lower costs for aircraft leases and capacity purchased from others. Capacity is now down to better match actual demand by cutting out two roundtrips to JFK.
-Staff has been reduced by 19 percent, and we have outsourced certain financial services and closed a freight terminal in Reykjavik city center. We thus believe we are now in a good position to face the upturn in demand we have been expecting for so long, Eiriksson says.