Brenoch: you said SAS was government backed?? the biggest problem for SAS is that they are owned 50% by Governments. Give me some examples in the last ten years where it has benefitted SAS?? I do not think that there is any company under the "watchful" eye as much as SAS. Then you refer to hotels as;"pieces of crap", is a company that makes millions every year pieces of crap?? I actually think its excellent managament skills to devide your assets into different areas.
Knold: just to inform you; SAS made money in the second quarter in their "core" business, ferrying passengers form a to b. They expect a profit for the full year.
nch cfm