SAS Chief Mulls Next Round of Cost Cuts Amid Low-Cost Squeeze
- Nordic carrier seeks flexible working, could pare office posts
- First foreign leisure base may be placed in Alicante or Malaga
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Scandinavian Airlines parent SAS AB is looking at paring office jobs and introducing seasonal working while finalizing plans to base jets abroad as it moves to extend cost cuts amid intensifying competition.
SAS is evaluating “hundreds” of initiatives prior to announcing additional measures and targets in the second half of 2017, Chief Executive Officer Rickard Gustafson said in an interview. Most of the new steps will be added to an existing 1.5 billion-krona ($166 million) program running until 2019.