SAS Asks Suppliers To Cut Prices 10 Percent

2008-5-26

Scandinavian airline SAS said on Friday it had sent a letter to its suppliers asking them to cut the prices requested for their goods and services by 10 percent.

SAS said in a statement the request was made as part of its "Profit 2008" efficiency program.

"We are pressured by softening margins. The reason for this is that fuel prices have risen by 100 percent since 2007 at the same time as we have had an economic slowdown resulting in lower airfares," SAS Head of Purchasing Patrik Knutsson said.

Source: airwise.com
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