SAS said its net loss widened in its fiscal fourth quarter, missing market views, amid a weak Swedish krona and increasing jet-fuel prices.

The Scandinavian airline on Thursday reported a net loss of SEK1.93 billion Swedish kronor ($186.2 million) in the fourth quarter ended Oct. 31 from a loss of SEK1.24 billion in the same quarter in fiscal 2022, driven by higher costs from adverse currency trends and jet fuel prices.