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Scandinavian Airlines’ Focus on Cheap Fuel and Business Travel Brings It Profits

Scandinavian Airlines parent SAS AB returned to full-year profit as it benefited from lower fuel prices and a sharper focus on business travel, sending the stock to its biggest gain in 11 months. Earnings before tax and nonrecurring items recovered to 1.17 billion kronor ($140 million) in the year ended Oct. 31, from a loss of 697 million kronor a year earlier, the Stockholm- based company said...

SAS: EU General Court annulles European Commission decision

On November 9, 2010, the European Commission decided to fine SAS Cargo and the SAS Group, alongside 11 other airlines, for participation in a global cartel in the air cargo sector. SAS was finedMEUR 70.2, but appealed the decision in January 2011 to the European Court of first instance, the General Court. Today, nearly five years later, the European Court has ann...