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News Summary: SAS Q2 profits drop

By The Associated Press
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FUEL SOARS: Scandinavia’s SAS AB, the largest airline in northern Europe, reported a worse-than-expected 42 percent drop in second-quarter net profit, mainly because of soaring jet fuel costs. Profit was 320 million kronor ($48 million), down sharply from the 551 million kronor recorded in the same three months a year ago.

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