SAS Scandinavian Airlines has reported third-quarter net income of SEK496 million ($69.8 million), down 44% from SEK886 million in the year-ago period, as yields continue to be affected by overcapacity. SAS president and CEO Rickard Gustafson told reporters and analysts: “The market remains challenging and the yield pressure has been severe, pushing our unit revenues down by 7.1% in the quarter. For several quarters in a row, we have seen that the number of seats added to the market is ...

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