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.

Tens of thousands of passengers were left stranded at airports around the world at the weekend after Spanish airline Spanair went bust.

AIRBUS SAS reached a goal of topping 500 orders for its upgraded A320neo aircraft by the end of the Paris Air Show on the second day of the event as carriers put pressure on Boeing Co to respond with an all-new airliner.

Scandinavian travel group SAS AB today said it would sell its holdings in British carrier bmi and two other airlines as it announced a savings package designed to cut costs by £200m (€296m).