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-thirds of the originally planned SEK5.3 billion in cuts so far and reported a SEK2.2 billion benefit last year. It said it has signed a letter of intent with unions representing flight deck and ...

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