SAS Group reverses losses as belt-tightening takes effect

Credit: By Rob Finlayson
The Scandinavian SAS Group reported a net income of SEK179 million ($27.3 million) for the year ended Oct. 31, reversing a loss of SEK3 billion in the year-ago period. The company said its cost-cutting and restructuring strategy, which included the sale of regional carrier Widerøe toward the end of...

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