STOCKHOLM, Feb 26 (Reuters) - Scandinavian airline SAS on Wednesday reported a bigger pretax loss for its fiscal first quarter than a year earlier but kept its profitability forecast for the full year despite the coronavirus outbreak.
“As long as the COVID-19 outbreak is contained in scope and the suspension of flights is isolated to the winter season, this should only have a marginal impact on our earnings,” SAS CEO Rickard Gustafson said in a statement.
The company is targeting an adjusted operating margin for 2020 of 3-5%.
The loss before tax in the November-Janaury quarter rose to 1.09 billion Swedish crowns ($112.08 million) from 576 million in the year-earlier quarter.
$1 = 9.7253 Swedish crowns Reporting by Anna Ringstrom; editing by Johannes Hellstrom and Terje Solsvik