SAS reported a net loss of SEK47 million ($7 million) for the first quarter ended March 31, a significant narrowing from the SEK1.06 billion loss suffered in the first three months of 2006. The improved results were attributed to the sale of SAS Flight Academy, a growing regional economy and more ambitious low-season capacity adjustments that helped to mitigate the impact of labor unrest that has bedeviled the company so far this year. Group revenue climbed 6.7% year-over-year to SEK13.84 ...

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