SAS Group expects a first-quarter loss before taxes and nonrecurring items of approximately SEK1 billion ($137.7 million). It reported an SEK889 million loss on a similar basis in the first quarter of 2009. The company said its pre-tax loss through the first two months of 2010 was SEK960 million, widened from SEK420 million in the year-ago period. It lost SEK719 million on currency fluctuations year-over-year. Revenue dropped 15.3% to SEK5.89 billion as yield was down 12.2% when adjusted for ...

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