SAS Scandinavian Airlines posted a first-quarter FY2015/2016 net loss of SEK246 million ($28.7 million), narrowed from a SEK640 million net loss a year ago. The first-quarter of SAS’s financial year runs from Nov. 1, 2015 through Jan 31, 2016. First-quarter revenue for the Stockholm-based airline was SEK8.28 billion, down 1.2% year-over-year (YOY). The carrier reported an operating loss of SEK186 million during the quarter, an improvement on SEK657 million in operating losses SAS had ...

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