A couple of years ago SAS was on the brink of bankruptcy as it suffered from high labor costs, increased low-cost carrier competition and a complex shareholders structure, with the governments of Sweden, Denmark and Norway owning a stake and having their say. But its near-death experience seems to have worked miracles: Scandinavia’s largest airline is headed for a full-year profit and embarking on a major expansion of long-haul operations that will add 300,000 seats to its ...

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