TAP Air Portugal returned to profitability for the first time since 2017, ending 2022 with a strong fourth quarter and the full year with a small profit. The airline is seeing the first positive effects of the transformation plan but warns of headwinds and challenges...
The coming twelve months could be crucial for the consolidation of the airline industry in Southern Europe. Not just in Italy, where a final decision on the partial sale of ITA Airways is delayed as a new administration has entered office, but also in Portugal....
UPDATE – SAS is seeking to raise at least SEK 9.5 billion in new equity capital and convert SEK 20 billion in debt and bonds into common shares as part of its FORWARD transformation plan. The capital raise was announced on May 30 during an update of the plan and...
SAS is having great difficulty in getting support for its SAS Forward transformation plan from key stakeholders. It risks ending up in a court procedure as negotiations have been unsuccessful so far, the airline said on April 29 in a media statement. SAS...
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