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SAS seeks aid for airspace closure losses, Lufthansa raising fuel surcharges

27-Apr-2010

SAS is reportedly planning to apply for SEK640 million (EUR66.9 million) in EU aid to compensate for losses incurred during the recent European airspace closures. SAS shares surged 5.7% yesterday.

The Association of European Airlines commenced discussions yesterday with EU Transport Commissioner, Siim Kallas, over potential compensation claims.

See related reports:

Lufthansa raising long-haul fuel surcharges

Meanwhile, Lufthansa will raise fuel surcharges for long-haul services by EUR5 per sector, effective 28-Apr-2010, citing rising crude oil prices:

The surcharges for short- and medium-haul sectors remain unchanged. Lufthansa’s shares rose 0.8% yesterday.

Elsewhere, Iberia gained 3.0%, British Airways 2.0% and Air France-KLM 0.7%.

Europe selected airlines daily share price movements (% change): 26-Apr-2010


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