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Airline SAS widens losses in November-January quarter -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – Scandinavian Airlines (SAS), planes were pictured at Arlanda Airport, North of Stockholm on April 9, 2020. Anders Wiklund/TT News Agency/via REUTERS

STOCKHOLM (Reuters] – Airline SAS said Tuesday that its December through January quarter suffered a greater loss and would be launching a transformation plan across the company and looking to raise capital.

This airline is owned by part of the governments of Sweden, Denmark, and reported a quarter-end loss before taxes of 2.60 Billion Swedish crowns ($275.20 Million) in comparison to an earlier loss of 1.92 Billion.

($1 = 9.4478 Swedish crowns

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