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


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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