Air Transport World

SAS Group.(Europe report)(corporate finance)(Brief Article)

SAS Group reported net income of just Sek68 million ($9.5 million) for the third quarter, down 90% versus Sek699 million earned in the 2003 quarter. Operating revenue climbed 3.4% to Sek15.42 billion while operating expenses rose 3.7% to Sek13.67 billion. EBIT fell 58% to Sek332 million from Sek798 million last year.

Flagship Scandinavian Airlines lost Sek353 million after financial items compared to a deficit of Sek178 million last year. …

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