In what is normally its weakest quarter, SAS Group reported a net loss of Sek971 million ($135.7 million) for the three months ended March 31, narrowed from a loss of Sek1.37 billion in the year-ago period. "The first quarter of 2005 was challenging for the airline industry," President and CEO Joergen Lindegaard said. "In particular, there was the continued challenge of handling the overcapacity situation from Copenhagen, which is leading to profitability problems for all players." However, ...

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