SAS loses $400 million in 2009, extends cost cuts

SAS Group lost SEK2.95 billion ($400 million) in 2009, improved 53.7% from the SEK6.36 billion deficit suffered the year before, but the company felt additional cost cuts were necessary and extended its Core SAS cost reduction program by SEK2 billion to SEK7.3 billion. The group has implemented two...

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