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.

The “black box” flight data recorder will hold a clue to the likely cause of the devastating Madrid air crash which claimed more than 150 lives, air experts said today.

Scandinavian airline SAS cancelled all flights today to a regional airport where a passenger plane caught fire after a dramatic emergency landing.

Scandinavian airline SAS is to open new routes from Stockholm to Ireland and Scotland in March.

Scandinavian airline SAS is to axe 4000 jobs – almost 13% of its work force - as it seeks to counter declining passenger numbers and competition from low-cost, no-frills carriers.