Increased Competition, Overcapacity Eats At SAS Profits
Third-quarter profits at the SAS Group sank 90%, as the airline faced increased low-fare competition and overcapacity in its important Scandinavian home market. The airline's sales grew from SEK14.92 billion to SEK15.43 billion (US$2.2 billion), and it squeezed out a SEK57 million (US$8 million)...
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