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.
See related reports:
- Ash Attack shows real value of aviation to global economic and social fabric. More shocks to come
- Airlines count the cost as skies open; Calls for aid and urgent review of regulations
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:
- Middle East/East Africa Lufthansa: Increase to EUR82 per sector;
- North America/India: EUR87;
- South America/Africa/Asia: EUR97.
The surcharges for short- and medium-haul sectors remain unchanged. Lufthansa’s shares rose 0.8% yesterday.
Europe selected airlines daily share price movements (% change): 26-Apr-2010