Airline SAS warns of bigger first-quarter loss, shares slide

STOCKHOLM (Reuters) - Scandinavian airline SAS said on Thursday it expected losses to deepen in the first quarter of next year, sending its shares down 13% despite a rise in fourth-quarter profit. The company said it expected a bigger loss for the first quarter compared to last year because of challenging market conditions. SAS has been restructuring and making cost savings to cope with rising fuel costs and competition from the likes of Norwegian Air and Ryanair . SAS's full-year result was..