On Tuesday, SAS presented the results for the second quarter in terms of results, and is again running a huge deficit. The airline lost another 1.56 billion Swedish kroner before tax. This corresponds to NOK 1.5 billion. SAS has a deviating financial year, and the second quarter therefore extends from February to April 2022. New details about the crisis plan During the presentation of the first quarter figures in February this year, the airline also launched a crisis plan. The restructuring program was named SAS Forward, and during the presentation of the quarterly figures for the second quarter, the company provided new details about the crisis plan. The airline aims to convert about 20 billion Swedish kroner from debt to shares, while they will raise at least 9.5 billion Swedish kroner in fresh capital. The goal of the restructuring program is to reduce the company’s annual costs by SEK 7.5 billion. Troubled our Earlier this spring, SAS announced that they had to cancel about 4,000 of their flights this summer, which corresponded to five percent of the airline’s then scheduled flights. In recent months, SAS has received criticism from customers who experience that their flights are canceled at the last minute. Swedish customers have also experienced problems with the airline recently. Last week, Aftonbladet wrote, among other things, about a customer who had his tickets canceled, before he later found them for sale again at a higher price. The corona pandemic also hit the company hard, and they had to lay off about 5,000 employees during that period. This corresponded to 40 percent of the company’s employees.
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This is how it has been with SAS so far in 2022 – NRK Norway – Overview of news from different parts of the country
