Scandinavian Airlines' Focus on Cheap Fuel and Business Travel Brings It Profits

Kari Lundgren

December 16th, 2015 at 1:28 PM EST

Photo Credit: SAS's new Business Class seat. SAS Airways

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Scandinavian Airlines parent SAS AB returned to full-year profit as it benefited from lower fuel prices and a sharper focus on business travel, sending the stock to its biggest gain in 11 months. Earnings before tax and nonrecurring items recovered to 1.17 billion kronor ($140 million) in the year ended Oct. 31, from a loss of 697 million kronor a year earlier, the Stockholm- based

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