Scandinavian airline group slashes losses

Scandinavian airline group SAS says it narrowed its net loss in the November-January period to 630 million kronor (€76m) from 2.5bn kronor (€300m) a year earlier, mainly through cost cuts.

Revenue in the period was up to 9.6 billion kronor (€1.15bn) from 9.3 billion kronor (€1.1bn) as overall traffic grew 4.3%.