SAS Group returned to profit in 2005 after four years of red ink, reporting net income of SEK255 million ($32.9 million) compared to a SEK1.77 billion loss in 2004. The group was profitable on an operating basis for the first time since 2002. CEO Jorgen Lindegaard attributed the positive results to "the biggest change in the group's history, Turnaround 2005," which has led to savings of SEK14 billion since 2002. However, he noted that the Scandinavian Airlines Businesses "remain ...

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