A sharp improvement in earnings toward the end of the year, boosted mainly by the November sale of its 65% holding in the Rezidor Hotel Group, drove SAS Group's full-year 2006 net profit to SEK4.74 billion ($676 million), significantly widened from net income of SEK255 million the prior year. But the profit was a far more modest SEK164 million excluding the hotel chain sale, although still a turnaround from a net loss of SEK322 million in 2005 excluding income from discontinued operations, ...

Subscribe to Access this Entire Article

"SAS posts improved 2006 earnings but new CEO says profit is 'too low'" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.