Airline SAS posts bigger Q2 loss, eyes end to restructuring (updated)

Sas AB

30/05/2024 07:22

(Adds earnings, quote, detail in paragraphs 2-4)
       May 30 (Reuters) - Scandinavian airline SAS  SAS.ST 
posted a bigger pretax loss for its fiscal second quarter
compared to a year earlier and said on Thursday it intended to
complete its financial restructuring during the summer of 2024.
    For its fiscal second quarter of February-April, the airline
posted a pretax loss of 3.07 billion Swedish crowns ($287.43
million) compared to a 1.41 billion loss a year earlier, as
operating costs rose more than revenues.
        SAS said it was making steady progress in its
restructuring proceedings.
  
        "We look forward to emerging as a competitive and
financially stronger airline with a stable equity structure,"
CEO Anko van der Werff said in a statement.
  

($1 = 10.6807 Swedish crowns)

 (Reporting by Elviira Luoma, editing by Terje Solsvik)
 ((Elviira.luoma@thomsonreuters.com))