SAS May Cut More Jobs as Fuel, Competition Hurt Profit

Corrected
  • Airline looks at setting up operations outside Nordic region
  • Ground handling, maintenance efficiency must rise, SAS says

SAS AB may cut more administrative jobs beyond the 1,000 positions it shed in the past four years and doubled its cost-savings target as the Nordic airline prepares for rising fuel prices and intensifying competition that’s lowering fares and hampering earnings growth. The stock rose the most in three months.

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