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SAS to continue cost-cutting measures.


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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