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Flag Carrier SAS Receives Further Loans From Sweden, Denmark as It Continues to Post Losses

Despite improving its operating profit for the first time since the pandemic s outbreak, the Scandinavian airline remains in the doldrums, with declining passenger. ....

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SAS reports on the COVID-19 impacted results of the second quarter

Q2 2021 –
FEBRUARY 2021–APRIL 2021
Income before tax (EBT): MSEK -2,361 (-3,722)
Income before tax and items affecting comparability: MSEK -2,361 (-3,714)
Net income for the period: MSEK -2,433 (-3,470)
Earnings per common share: SEK -0.35 (-9.15)
SIGNIFICANT EVENTS DURING THE QUARTER
The Board of SAS appointed Anko van der Werff as President and CEO. The Board concurrently appointed Karl Sandlund, Chief Commercial Officer at SAS, as acting President and CEO.
SAS secured financing for the majority of its aircraft deliveries until the second quarter of 2022.
SIGNIFICANT EVENTS AFTER THE QUARTER
SAS has ensured that there is support from the main owners, the Governments of Denmark and Sweden, to gain access to a credit facility amounting to SEK 3.0 billion. ....

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SAS turns in first quarterly operating improvement since crisis began

Scandinavian operator SAS has turned in a first-half operating loss of SKr4.2 billion ($506 million), a deterioration on the previous year’s figure – although the company’s second quarter improved. ....

Karl Sandlund ,

SAS narrows loss, pins hopes on summer flights | Money

STOCKHOLM, May 27 Scandinavian airline SAS narrowed its losses in the second quarter, the company said today, as it set its hopes on an easing of coronavirus restrictions this summer. The earnings report came a day after the governments of Sweden and Denmark announced another round of aid to. ....

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UPDATE 2-Cost cuts cushion quarterly loss for airline SAS

2nd wave of pandemic hampering recovery (Adds acting CEO comment) ....

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