SAS Seeks To Trim Expenses By $350 Million This Year
SAS wants to cut costs dramatically this year, aiming for cuts totaling $350 million by yearend, in order to improve profitability. The carrier's profit for 1999 has shrunk to $207 million from $325 million in 1998. Joergen Moellegard, SAS general manager for Central and Eastern Europe, said the...
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