SAS Group incurred a net loss of SEK2.22 billion ($335.4 million) for 2010, narrowed from a SEK2.95 billion deficit in 2009, but swung to a SEK47 million fourth-quarter profit, turned around from a SEK1.3 billion net loss in the prior-year period.
SAS Airlines A321. Photo: By Rob Finlayson. SAS Group incurred a net loss of SEK2.22 billion ($335.4 million) for 2010, narrowed from a SEK2.95 billion deficit in 2009, but swung to a SEK47 million fourth-quarter profit, turned around from a SEK1.3 billion net loss in the prior-year period. "The year 2010 was an eventful one in which we tackled several major challenges, both expected and unexpected," President and CEO Rickard Gustafson said. He cited "substantial ...
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