Chief Executive of SAS, Mats Jansson

Troubled times for SAS over

The Scandinavian airline says a vast savings programme has helped lift the group to a robust profit in 2006.

It posted a net profit up 18-fold to 675 million dollars.

The New Chief Executive, Mats Jansson, says he expects continued favourable growth as there are no indications of a slowdown in the economy or the airline market.

SAS, which was on the verge of bankruptcy a few years ago, has been struggling with overcapacity, rising fuel costs and competition from no-frills airlines like Ryanair.

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