Norwegian and SAS report losses for 1Q2010; Vueling expecting merger synergies this year

European carriers continued to trend lower on Thursday (19-Apr-2010) as carriers reported losses for 1Q2010 and continued to estimate the costs due to this week's closure of European airspace. Airline shares also followed the wider markets, which slumped due to Greek deficit issues, including a downgrade of the country's bonds and a lower than expected deficit.