SAS posts $94 million fiscal year net loss; raises cost cutting target
Scandinavian Airlines (SAS) has added another SEK2.1 billion ($273.5 million) to its cost savings target after swinging to a SEK719 million full-year net loss compared with a SEK1.4 billion prior-year net profit. Despite the weaker performance, SAS CEO Rickard Gustafson said he is expecting to...
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