SAS Group cited the success of its new business model in Europe and continuing cost reductions achieved through its Turnaround 2005 program as it reported net income of SEK529 million ($65 million) for the third quarter ended Sept. 30, dramatically improved from earnings of SEK133 million last year. Excluding capital gains and nonrecurring items, income totaled SEK619 million compared to SEK198 million in the year-ago period. "Third-quarter earnings were, as anticipated, positive and in line ...

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