STOCKHOLM (Reuters) – Airline SAS reported on Tuesday a wider loss for its November through January quarter and said it would launch a new transformation programme across its business and look to raise new capital.

The airline, which is part-owned by the governments of Sweden and Denmark, reported a fiscal first-quarter loss before tax of 2.60 billion Swedish crowns ($275.20 million) against a year-earlier 1.92 billion loss.

($1 = 9.4478 Swedish crowns)

(Reporting by Anna Ringstrom; Editing by Simon Johnson)