Widerøe's Flyveselskap ASA is a Norwegianairline founded in 1934. The company has served the STOL network in Norway since 1968, initially with a fleet of 19 seat De HavillandTwin Otters, later with De Havilland (now Bombardier) DASH-7, and now with larger aircraft. In 2002, the company served 32 domestic and 6 international destinations, had 1,200 employees, 90,000 landings and 1.5 million passengers. SAS has been a majority shareholder since 1997.
Wideroe is struggling with clear financial problems because revenue is declining and there is no sign of improvement," said managing director Per Arne Watle.
Eight of 10 Wideroe routes are unprofitable, so we must slash costs considerably.
Now in the second quarter we see that the tendency from the first three months of the year is unchanged.
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