Business & Finance
Airline SAS Q2 earnings beat fcast, sees 2011 profit
STOCKHOLM : Scandinavian airline SAS swung to a second-quarter pretax profit that was much higher than market expectatio
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STOCKHOLM: Scandinavian airline SAS swung to a second-quarter pretax profit that was much higher than market expectations on Wednesday and repeated it expected to make a profit for the full year.
The airline, half-owned by Sweden, Norway and Denmark, made a pretax profit of 729 million Swedish crowns ($114 million) against at forecast for an adjusted profit of 240 million in a Reuters poll and a loss of 600 million a year earlier.
Copyright Reuters, 2011
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