newstodate.aero
Feb 09, 2011 (newstodate): Reported in the SAS Group' year-end Report January-December 2010, SAS Cargo's revenues performed "strongly".
The positive performance was due to a more robust freight market and expanded intercontinental capacity, but the result was also positively
impacted by some accounting adjustments last year.
SAS still intends to continue to divest its non-core operations, such
as the wholly owned subsidiaries in the cargo operations Spirit Air Cargo and Trust, Air Greenland, as well as other non-core operations.
SAS Cargo was, however, fined in several anti-trust cases in 2010.
In November 2010, the European Commission decided to order SAS to pay fines for SAS Cargo of EUR 70,2 million.
As a consequence of the European Commissions decision in the cargo investigation, SAS and other airlines fined by the Commission are involved in various civil lawsuits in Europe, in the UK, the Netherlands and Norway.
The positive performance was due to a more robust freight market and expanded intercontinental capacity, but the result was also positively
impacted by some accounting adjustments last year.
SAS still intends to continue to divest its non-core operations, such
as the wholly owned subsidiaries in the cargo operations Spirit Air Cargo and Trust, Air Greenland, as well as other non-core operations.
SAS Cargo was, however, fined in several anti-trust cases in 2010.
In November 2010, the European Commission decided to order SAS to pay fines for SAS Cargo of EUR 70,2 million.
As a consequence of the European Commissions decision in the cargo investigation, SAS and other airlines fined by the Commission are involved in various civil lawsuits in Europe, in the UK, the Netherlands and Norway.