SAS pays price of selling its soul, SkyEurope sees some light, Air France-KLM rises - SHARE WRAP

SAS (-15.3%) has been the market leader downwards in Europe this year, as it struggles for traction. So perhaps the only surprise when SAS made a market offering was that it was in fact 23.3% oversubscribed, helping the company raise SKR6 billion before costs. The inevitable effect was to drive the share price down even further, but it does give SAS a small buffer of cash now.