2010

LFV meets deficit with streamlining programme

Swedish Air Navigation Services Provider LFV's operating profit for the first nine months was SEK 15 million. The en route segment however has drawn a significant loss.
The considerable decrease in traffic during the recession and escalating costs over the past few years coupled with the increased demands in pension-premium payments, have contributed to the expected deficit of en route operations amounting to SEK 575 million by the end of this year. [11/30/2010]