SAS fears big hit if virus outbreak extends into holiday season
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STOCKHOLM (Reuters) - Scandinavian airline SAS on Wednesday stood by its outlook for the full year despite the coronavirus outbreak as it reported a higher quarterly loss but braced for the outbreak possibly extending into the summer holiday season. Shares in SAS and other European airlines plunged on Monday as the arrival of the coronavirus in Italy indicated the crisis may be longer and deeper than predicted, extending into the lucrative summer tourism season.CEO Rickard Gustafson said that..