SAS Scandinavian Airlines has reported a net profit of SEK439 million ($52 million) for the first nine months of its financial year, reversed from a net loss of SEK416 million for the year-ago period. Revenue rose 6.3% to SEK28.7 billion, up from SEK27 billion last time. The improved financial performance is the result of a combination of improved passenger flows and cost-cutting measures increasingly worked through to the bottom line. The airline’s third quarter, covering the early ...

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