DBEA55AED16C0C92252A6554BC1553B2 Clicky DBEA55AED16C0C92252A6554BC1553B2 Clicky
May 20, 2024
Care to share?

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.

 


Subscriber content – Sign in

Subscribe

 

 

author avatar
Richard Schuurman
Active as a journalist since 1987, with a background in newspapers, magazines, and a regional news station, Richard has been covering commercial aviation on a freelance basis since late 2016. Richard is contributing to AirInsight since December 2018. He also writes for Airliner World, Aviation News, Piloot & Vliegtuig, and Luchtvaartnieuws Magazine. Twitter: @rschuur_aero.