Scandinavian airline SAS' pretax loss grows in Q4 (updated)

Sas AB

30/11/2023 07:11

(Adds detail on result and background in paragraph 2)
       STOCKHOLM, Nov 30 (Reuters) - Scandinavian airline SAS
 SAS.ST  reported on Thursday a bigger August-October pretax
loss than a year ago and said it aims for a U.S. court to
approve its Chapter 11 restructuring plan in early 2024.
    Long-struggling SAS, which is under bankruptcy protection
and bringing in new owners as part of a rescue plan, said pretax
loss was 2.11 billion Swedish crowns ($204 million) in its
fourth quarter against a year-earlier 1.70 billion loss. 
        In the third quarter, SAS made its first quarterly
profit since 2019.

 (Reporting by Marie Mannes and Anna Ringstrom, editing by Terje
Solsvik)
 ((marie.mannes@thomsonreuters.com; +46 8 502 423 82;))