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.…
Seeing the end of the tunnel. That’s the feeling that SAS Scandinavian Airlines President and CEO Anko van der Werff must have, now that his airline is one step closer to exiting Chapter 11 restructuring early next year. Last week, the…
SAS Scandinavian Airlines ended the busy summer July quarter with its first profit since Q4 FY19, reporting a SEK 461 million net profit for Q3. This is a clear sign that the airline is on the right track to recovery,…
The European Commission (EC) has launched an in-depth investigation into the recapitalization of Scandinavian airline SAS during the Covid crisis in 2020. Brussels has no other option but to review the SEK 11 billion state aid package after the European Court of…
SAS continues to write red numbers, reporting higher operating and net losses for both Q2 and HY1 of the financial year 2023 today. Only revenues and the earnings before tax show an improvement, but the Scandinavian airline remains in a…
SAS Scandinavian Airlines is more optimistic about its long-term financial position and has revised upward guidance on key financial targets. This follows on a more detailed review since the airline shared preliminary figures in late February. SAS more bullish about…