SAS Group reported a first-quarter loss of SEK729 million ($108 million), compounding the SEK373 million loss incurred for the year-ago period
SAS A321. By Rob Finlayson SAS Group reported a first-quarter loss of SEK729 million ($108 million), compounding the SEK373 million loss incurred for the year-ago period (ATW Daily News, May 11, 2011). The airline attributed the results primarily due to the weak economic climate, high jet fuel prices and increased capacity in the market. President and CEO Rickard Gustafson said: “High fuel prices presented a significant challenge for the entire aviation industry, including ...
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