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SAS Returns to Profit on Cost Cuts, Passenger Traffic Rise

SAS Group, the Nordic region’s largest airline, returned to profit in the second quarter after passenger traffic rose and the carrier cut costs.

Net income was 551 million kronor ($86.2 million) compared with a 502 million kronor loss a year earlier, the Stockholm-based company said today in a statement. Profit beat the average estimate of 202 million kronor in a Bloomberg survey of six analysts. The shares rose the most in more than two years.