Air Transport World

SAS Group.(EUROPE Report)(Scandinavian Airlines System financial news)(Financial report)(Brief article)

SAS Group reported a SEK411 million ($64.6 million) second-quarter loss, reversed from a SEK607 million profit in the year-ago period, and announced enhancements to its Profit 2008 recovery program featuring an additional SEK400 million in savings and the grounding of seven more aircraft, bringing total reductions to 33 aircraft (16 at Scandinavian, 15 at Spanair, one at Blue1 and one at Wideroe) and approximately 2,500 fulltime-equivalent jobs. …

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