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Extra flights capacity boosts SAS

Scandinavian airline SAS has recorded a net profit for the second quarter, helped by increased capacity on its flights.

The carrier reiterated its outlook for 2011, saying it expects to record a profit for the full year.

Wednesday's report shows a second-quarter net profit of 551 million Swedish krona (£52.4 million), compared with a loss of 502 million krona (£47.7 million) at the same time last year when operations were badly hit by the volcanic eruption in Iceland which cost the airline hundreds of millions.

Nevertheless, the implementation of the group's restructuring programme weighed on the results.

Revenues in the three-month period amounted to 11.23 billion krona (£1.07 billion), up from around 10 billion (£950.7 million) in the same quarter a year ago.


From Belfast Telegraph