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 levels in 2025. SAS...
UPDATE Sep 19 – SAS is seeking court approval to reject the lease of several aircraft and return them to their lessors. The aircraft involved include five widebodies. The Scandinavian airline filed a so-called omnibus motion with the Southern District of New...
LATAM Airlines Group has released an updated Business Plan as part of its ongoing Chapter 11 bankruptcy proceedings in the United States. The airline expects total revenue to surpass pre-pandemic traffic levels by 2024, fueled by solid cargo income and recovery...
The 15-day pilot strike in July has cost Scandinavian airline SAS some SEK 1.4 billion ($135 million). It erased most earnings from the higher demand and higher revenues that SAS saw in the third quarter (May-July) of FY22. The carrier continues to operate as normal,...
Scandinavian carrier SAS warns that it will have to radically downsize its operations and fleet, and even sell strategic assets if the pilot strike continues much longer. The strike, which started on July 4, has already cost the airline some SEK 1.0 to 1.3 billion and...
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