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SAS expects to return to profitability in FY24

SAS expects to return to profitability in FY24

by Richard Schuurman | Sep 30, 2022 | Airlines | 0 comments

UPDATE Oct 5 – In an update of its Chapter 11 restructuring and financial outlook, SAS Scandinavian Airlines says it expects to return to reach an operating profit in its financial year 2024 and become net-debt free in 2026. Revenues should return to pre-Covid...
Air New Zealand prepares for capital raise in March

Air New Zealand prepares for capital raise in March

by Richard Schuurman | Feb 23, 2022 | Airlines | 0 comments

Air New Zealand expects to launch an equity capital raise by the end of March or early April as part of its steps to recapitalize its balance sheet. The airline is suffering from the ongoing travel restrictions on its international network, which resulted in a $376...

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