Brief: SAS Q2 Net Loss Widens To SEK 2.9 Bln

Sas AB

30/05/2024 07:46

May 30 (Reuters) - SAS AB  SAS.ST :
    * Q2 REVENUE SEK 9,994 MILLION VERSUS SEK 8,955 MILLION YEAR
AGO 
    * Q2 PRETAX LOSS SEK 3,070 MILLION VERSUS LOSS SEK 1,414
MILLION
YEAR AGO 
    * Q2 LOAD AFCTOR 76.3%% VERSUS 73.7% YEAR AGO
    * Q2 RPK UP 16.0% YOY
    * Q2 NET LOSS FOR PERIOD SEK 2,904 MILLION VERSUS LOSS SEK
1,525
MILLION YEAR AGO
    * Q2 ASK UP 12.1% YOY
    * SAS AB - INTENDS TO COMPLETE RESTRUCTURING PROCEEDINGS IN
SWEDEN
AND IN US, AND FULFILL ALL REMAINING CONDITIONS FOR TRANSACTION,
AS SOON AS POSSIBLE
    * WE SEE INCREASING NUMBER OF EUROPEANS TRAVELING TO
NORTHERN
SCANDINAVIA DURING WINTER SEASON
    * WE ARE MAKING PROGRESS IN REACHING OUR TARGETED COST
SAVINGS IN
SAS FORWARD PLAN
    * ON CHAPTER 11 PLAN: WE LOOK FORWARD TO EMERGING AS A
COMPETITIVE
AND FINANCIALLY STRONGER AIRLINE WITH A STABLE EQUITY STRUCTURE
    * ASSUMING SUCCESSFUL IMPLEMENTATION OF CHAPTER 11 PLAN,
EXPECTS
IMPROVED FINANCIAL PERFORMANCE FOLLOWING FY 2024 IN AN UNLISTED
ENVIRONMENT

Source text for Eikon:  ID:nWkrc1tQJ4 
Further company coverage:  SAS.ST 

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