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Weak Q2 forces layoffs, savings at SAS airline

By WTOP Staff

HELSINKI (AP) — Scandinavian airline group SAS says it will make more cutbacks, including 300 layoffs, after the company’s second-quarter net loss doubled to 800 million kronor ($120 million) and revenue dipped 15 percent in the period.

CEO Rickard Gustafson described the result as “deeply disappointing” and well below expectations. He said Wednesday that the airline now plans savings of 1 billion kronor during the 2014-2015 fiscal year.

Net sales in the February to April period were 8.5 billion kronor compared with 9.9 billion kronor a year earlier.

Facing stiff competition from budget airlines and high expenses, SAS embarked on a wide restructuring plan in November 2012.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Emergency guide: What you should do to prepare for emergencies

By WTOP Staff
WASHINGTON — Do you know what you'd do if an emergency hits? What if you're at work, your spouse is stuck in traffic and your children are in school? There's no way to plan for every emergency, but you can make sure you're prepared for different scenarios, including making a plan for your family and building a kit of emergency supplies.
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