Fuel costs, overcapacity and falling yields hit SAS Group hard in the first quarter, resulting in a SEK1.13 billion ($189.5 million) loss that represented a massive deterioration from the SEK47 million deficit reported in the year-ago quarter. In response, the company announced a short-term "action plan" called Profit 2008 under which it will seek to generate SEK1.05-SEK1.15 billion through "price adjustments, changes to the traffic programs, additional efficiency enhancements of overheads ...

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