Yes - as long as SAS cut costs and continue to have among the industries highest earning
pr pax. Costs in LCCs will always be lower, but SAS must come down to the CASK of other major airlines.
The CASK in SAS is going dramatically down after the reorganization - the latest estimate a few days ago (leading to an immediate 10% increase in the stock) is for 600 msek more than previously announced.
DY have actually twice the CASK of FR - do you really think DY will survive...?