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Archive for August 13th, 2009

Phnom Penh photos posted Aug 13

I have now posted some photos and videos from our trip to Phnom Penh in Cambodia and you can find them on this web page. Phnom Penh was of course filled with lots of impressions as we got to visit places like Tupl Sleng genocide museum, the Killing fields at Choeung Ek etc. But we also got to see a country celebrate as it was New Year. I’m working on the trip report and it will be posted sooner or later :-)

SAS is in trouble Aug 13

Or maybe it should have said “SAS is still in trouble”. SAS is Scandinavia Airline System – the airline that is the “pride” of Norway, Sweden and Denmark. The only problem is that they are loosing money…a lot of money. It seems like they lost about 140 million US $ in second quarter this year and today CEO Mats Jansson had to tell the press that they have to cut more jobs and save more money. Another 1500 jobs must be removed in addition to cuts that have been made already and the rest have to face a cut in salary of 10-20% – I wonder what that will lead to as SAS has a history filled with strikes as the unions are pretty strong within the company. I guess it is not news that airlines are struggling these days but it is sad to see how things are going with SAS. The problem seems to be that their expenses are so much higher than for e.g. Norwegian so they are not able to compete. So while Norwegian is doing great at the Oslo stock exchange, the SAS shares have dropped a lot over the last years. SAS have also had a lot of intercontinental routes (that they have lost a lot of money on) and they are being cut one by one. So what will happen to SAS? I think that when they get control over their costs they will be bought by e.g. Lufthansa and then Lufthansa can take care of the intercontinental flights while SAS can take care of the Scandinavian traffic and to/from Europe to Scandinavia. So maybe it is wise of me to spend the Eurobonus points now…it would be a tragedy to lose all of them if SAS goes bankrupt.

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