SAS posts a wider fiscal first quarter net loss

Scandinavian Airlines-SAS (SAS Group) (Stockholm posted a wider fiscal first quarter (through January 31, 2015) net loss of SEK 640 million ($73.7 million), a significant increase from its SEK 112 million ($12.9 million) reported in the same quarter a year ago.

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Copyright Photo: SPA/AirlinersGallery.com. SAS has been selling some of its valuable London Heathrow (LHR) slots to raise capital in the current crunch. As a result, SAS is using larger aircraft into LHR. Boeing 737-883 LN-RRK (msn 32278) completes the final approach to the runway at LHR.

SAS aircraft slide show: AG Airline Slide Show

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