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SAS still losing money

The Scandinavian Airlines System (SAS) reported losses of nearly SEK 1.6 billion in the first quarter, compared with SEK 1.9 billion in losses for the same period last year.

The Scandinavian Airlines System (SAS) reported losses of nearly SEK 1.6 billion in the first quarter, compared with SEK 1.9 billion in losses for the same period last year.

The result is much as expected. Analysts had on average predicted pre-tax losses of SEK 1.5 billion.

However, the SAS leadership repeated that it expects a surplus before the end of the year.

Braathens, which is now merged with SAS in Norway reported a result for the first quarter of NOK 39 million, against losses of NOK 76 million in the first quarter of last year.

Wideroe is also making money. The domestic airline reported earnings for the first quarter which were nearly NOK 40 million higher than for the same period last year.

In fact, the result for the last 12 months is the best for Wideroe ever.

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