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SAS to continue cost-cutting measures.

AIRLINE INDUSTRY INFORMATION-(C)1997-2004 M2 COMMUNICATIONS LTD

Scandinavian Airlines System (SAS) will reportedly continue cutting costs in order to return to profit this year.

The airline for Sweden, Denmark and Norway announced its cost-cutting plans after reporting a bigger than expected loss in 2003. The carrier has revealed weak demand, falling fares and stiff competition, whilst its rivals have been reporting improved results.

SAS posted a pre-tax loss of SEK1.45bn for 2003 against a SEK450m loss in 2002, reported Reuters.

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Publication:Airline Industry Information
Date:Feb 12, 2004
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