SAS Scandinavian Airlines has slightly revised its expected financial targets for FY24 and the post-Chapter 11 period. Revenues will likely be higher than anticipated, but the carrier will miss out on its target to reach positive EBT already this financial year.
SAS shared the revised numbers in an update on January 23 as part of its amended Chapter 11 plan. The airline and its solicitors filed hundreds of pages with amendments and additions to the plan with the US Bankruptcy Court of the Southern District of New York, where SAS filed for Chapter 11 in July 2022.
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