SAS has best quarter in three years; set for annual profit
SAS Group delivered an unexpectedly strong result second-quarter result, reporting net income of EUR60 million which saw the group finish the first half in the black, in sharp contrast to some of its full-service rivals to the south. The result is a significant turnaround for SAS and is even more remarkable in light of the various challenges faced by European airlines. Its profitability may finally make it an attractive acquisition or merger partner.
