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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…
The full-year loss of SAS Scandinavian Airlines deepened as the airline works its way through the Chapter 11 restructuring process. Despite carrying significantly more passengers in the past months, the financial results are lagging behind. SAS continues to see deep red…