Scandinavian Airlines System (SAS) has sharply narrowed its losses in the first quarter of the year, helped by increased sales and cost-cutting measures.
The airline reported a first quarter net loss of just over €5m as sales rose 6.6%.
The number of passengers carried by SAS in the first three months of the year jumped 6.3% to 9.1 million.
SAS had come close to bankruptcy several years ago amid a global crisis in the airline sector following the September 11, 2001 attacks in the US, the war in Iraq and the SARS epidemic. But thanks to several drastic savings measures it managed to return to profit last year.
Looking ahead, SAS said there were no indications of a slowdown in the airline market. 'However, uncertainty remains regarding the strength of growth, the future competitive situation and the trend for jet fuel prices,' it added.
