Company News - Transport

Big Losses for SAS

The airline SAS reported a loss before tax of Skr1.132 million for the first quarter of 2012. This compares with a loss of Skr558 million the same period in 2011.

Danish airliner, Cimber Sterling in bankruptcy

Thursday, 03 May 2012
The listed Danish airline Cimber Sterling announced on Thursday that the Board has decided to put the company into bankruptcy. "Sad for all the worthless tickets," said the airline's CEO in a press release.

Cimber Sterling flies with heavy losses

Wednesday, 14 March 2012
The Danish ailing airline Cimber Sterling has continued its difficult times in continued operations despite the company’s persistent fall profits. In the third quarter the company had a loss before tax of almost Dkr100 million. This means that equity is negative with Dkr82.5 million.

Swedes prefer to fly from Denmark

Wednesday, 14 March 2012
Southern Swedish travellers prefer to use the Danish international airport at Copenhagen to travel abroad more than using their own local airport at Malmo Sturup.

Standoff at Finnair as staff demand stop to austerity in the wake of huge management bonuses

Monday, 12 March 2012
Finnair flight attendants are resisting further wage cuts after a recent scandal over big bonuses for the company's executives. The company's pilots will also look again at whether to continue savings talks.

Swedish car inspection company, Bilprovningen to be sold to international buyers

Monday, 12 March 2012
Most of the Swedes' old car inspection companies are now being sold to large international companies.

German Lufthansa is growing in Scandinavia and its future here look great despite uncertainty in the sector as whole

Wednesday, 22 February 2012
German carrier, Lufthansa's traffic to the Scandinavia and the Baltic countries last year rose by a fifth signalling that Norwegian, the Norwegian budget airliner, might not be the only challenger to SAS.

The boss of the Norwegian airliner, Norwegian places his growth strategy on mass bankruptcy from competitors
Friday, 17 February 2012
The Norwegian airline, Norwegian Air Shuttle reported a profit before tax of minus Nkr188 million for the fourth quarter. Besides that the boss, Bjorn Kjos feels buoyant about the future for the company especially counting on mass bankruptcy of competitors.

Who said the grass was greener the other side? Even the Swedes dissatisfied with public transport
Thursday, 09 February 2012
A well organised Sweden is seeing that organising the transport sector is not just the UK that is worse in. Sweden has also caught up with the wave of dissatisfied people who use the transport system.

SAS reports an impressive expected resounding loss

Wednesday, 08 February 2012
The airline SAS reported a loss before tax of Skr2.077 million in the fourth quarter of 2011. This compares with a loss of Skr463 million the same period the year before.

Sweden unveil its fastest trains so far - the SJ3000 today went out for a spin

Monday, 06 February 2012

Swedish new fast commuter train, the SJ3000 was this morning exposed to the elements and tested for what it was designed for. It is the high speed SJ3000 which made a maiden drive departing from Sundsvall this morning via Gävle to Stockholm.

Ikea Founder, Ingvar Kamprad was deeper a Nazi than previously thought. Swedish secret police had to monitor him for fear of his radicalism.

Diamyd appoints Peter Zerhouni as President

Swedish Pension boss caught in ‘tax management’ dismissed