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Smaller Profit for SAS

Published tisdag 2 november 2004 kl 11.21

Scandinavian Airlines, SAS, reported a smaller profit for the third quarter of the year.

The company had been struggling with rising fuel prices that have plagued the industry.

Increased competition among its domestic routes from rival low-cost carriers has also affected SAS, which has forced the airline to restructure and slash millions of dollars of costs.

The SAS travel conglomerate earned some US $9.5 million.

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