AGL 40.65 Increased By ▲ 0.65 (1.63%)
AIRLINK 127.51 Increased By ▲ 0.47 (0.37%)
BOP 6.60 Decreased By ▼ -0.07 (-1.05%)
CNERGY 4.53 Increased By ▲ 0.02 (0.44%)
DCL 8.43 Decreased By ▼ -0.12 (-1.4%)
DFML 41.35 Decreased By ▼ -0.09 (-0.22%)
DGKC 86.75 Decreased By ▼ -0.10 (-0.12%)
FCCL 32.00 Decreased By ▼ -0.28 (-0.87%)
FFBL 65.11 Increased By ▲ 0.31 (0.48%)
FFL 10.20 Decreased By ▼ -0.05 (-0.49%)
HUBC 110.15 Increased By ▲ 0.58 (0.53%)
HUMNL 14.62 Decreased By ▼ -0.06 (-0.41%)
KEL 5.17 Increased By ▲ 0.12 (2.38%)
KOSM 7.14 Decreased By ▼ -0.32 (-4.29%)
MLCF 41.25 Decreased By ▼ -0.13 (-0.31%)
NBP 60.24 Decreased By ▼ -0.17 (-0.28%)
OGDC 193.70 Increased By ▲ 3.60 (1.89%)
PAEL 28.05 Increased By ▲ 0.22 (0.79%)
PIBTL 7.86 Increased By ▲ 0.03 (0.38%)
PPL 151.01 Increased By ▲ 0.95 (0.63%)
PRL 26.79 Decreased By ▼ -0.09 (-0.33%)
PTC 16.20 Increased By ▲ 0.13 (0.81%)
SEARL 78.20 Decreased By ▼ -7.80 (-9.07%)
TELE 7.44 Decreased By ▼ -0.27 (-3.5%)
TOMCL 35.65 Increased By ▲ 0.24 (0.68%)
TPLP 8.06 Decreased By ▼ -0.06 (-0.74%)
TREET 16.05 Decreased By ▼ -0.36 (-2.19%)
TRG 53.12 Decreased By ▼ -0.17 (-0.32%)
UNITY 26.68 Increased By ▲ 0.52 (1.99%)
WTL 1.28 Increased By ▲ 0.02 (1.59%)
BR100 9,884 No Change 0 (0%)
BR30 30,600 No Change 0 (0%)
KSE100 93,907 Increased By 551.6 (0.59%)
KSE30 29,100 Increased By 169.5 (0.59%)

Scandinavian airline SAS said Friday profits tumbled in the second quarter as low fuel costs and savings failed to offset headwinds from low fares and an adverse exchange rate. Net profit fell 38 percent between February and April compared to the same three-month period a year earlier, to 171 million kronor (18.4 million euros, $21 million), the airline said.
Sales dropped five percent to 8.9 billion kronor, it added. "The weak results were primarily attributable to three factors: increased price pressure, technical maintenance costs and negative currency effects," SAS president and chief executive Rickard Gustafson said in a statement. Passenger numbers rose however and the airline saw a 5.7-percent rise in its seat occupancy rate, it said.

Copyright Agence France-Presse, 2016

Comments

Comments are closed.